Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
Taxes May 21, 2025
Trump’s ‘Big, Beautiful’ Tax Bill Will Add $3.8 Trillion to Deficit, CBO Says
An analysis of the bill by the Congressional Budget Office also found that the lowest-income households will see their resources drop.
Accounting May 21, 2025
Suburban Chicago Accountant Accused in $10M COVID-19 Unemployment Fraud Scheme
Hiam Hmaidan, 53, of Oak Lawn, IL, was arrested May 8 on a six-count indictment that became public last week charging her with mail fraud and conspiracy to commit mail fraud. She pleaded not guilty.
Accounting May 21, 2025
Philadelphia-Area Accountant Pleads to Filing Nearly $220,000 in False Tax Reports
James J. Sirleaf, 65, of Darby, PA, pleaded guilty to 15 counts of aiding and assisting in the preparation of false income tax returns and three counts of filing false personal income tax returns for himself.
Payroll May 21, 2025
Poll Reveals Divide Between Gen Z and Older Americans on Finances and Economy
Recent polling of nearly 20,000 American adults by NBC News indicates Gen Zers are more likely than older adults to feel their finances improved from a year ago.
Taxes May 20, 2025
Senate Unanimously Passes No Tax on Tips Act
The bill, which eliminates federal tax on tips for hospitality workers and servers, passed via unanimous consent on Tuesday after Democratic Nevada Sen. Jacky Rosen brought it to the floor and no other senator blocked it.
IRS May 20, 2025
Trump IRS Nominee Billy Long Grilled Over Ties to Fraudulent Tax Credits
The former Missouri lawmaker acted as a pitchman for tax credits that didn’t exist, Senate Finance Committee Democrats said.
Taxes May 20, 2025
Trump Doesn’t Satisfy GOP Holdouts as Tax-and-Spending Bill Talks Drag On
Republican leaders had hoped the high-profile presidential visit would close deal on Trump-backed “big, beautiful” filibuster-proof reconciliation bill Tuesday.
Taxes May 20, 2025
Trump Pushes Republican Lawmakers to Back Sprawling Tax-and-Spending Bill
President Trump headed to Capitol Hill Tuesday to push squabbling Republican members of Congress in person to set aside differences and pass his sprawling budget bill.
Payroll May 20, 2025
Social Security COLA Now Projected to Increase 2.4% in 2026
Social Security beneficiaries are expected to receive the lowest cost-of-living-adjustment since 2021, according to the latest forecast from the Senior Citizens League.
Payroll May 20, 2025
A Rise in ‘Doom Spending’: Americans Buying More to Avoid Future High Costs
As the Trump administration continues its tariff policies, more Americans are spending money to get ahead of potential rising costs, mimicking consumer behavior during the COVID-19 pandemic.
Taxes May 19, 2025
White House Pushes for Quick Approval of ‘Big, Beautiful Bill,’ But Key Hurdles Remain
House Republican leadership is pressing ahead toward a vote on landmark tax-and-spending legislation that would codify President Donald Trump’s agenda this week.
SEC May 19, 2025
Man Who Hacked SEC, Caused Bitcoin Value to Plummet Sentenced to 14 Months in Prison
Eric Council Jr., a 26-year-old resident of Huntsville, AL, pleaded guilty earlier this year to conspiracy to commit aggravated identity theft and access device fraud.