Taxes August 27, 2025
Jason Smith of Kerrville, TX faces a maximum penalty of three years in prison for each count of filing a false tax return, as well as a period of supervised release, restitution, and monetary penalties.
IRS August 26, 2025
The IRS released a draft W-2 form for 2026 on Aug. 15 that takes into account tax provisions in the One Big Beautiful Bill Act for deductions related to tip income and overtime pay.
Taxes August 26, 2025
The IRS on Aug. 21 issued a fact sheet containing frequently asked questions about Biden-era clean energy tax credits and deductions soon to expire under the One Big Beautiful Bill Act.
Taxes August 25, 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on Aug. 25.
Taxes August 25, 2025
Kim Brown, 40, of Augusta, GA, pleaded guilty to two counts of aiding and assisting in the preparation and filing of false income tax returns, according to the U.S. attorney for the Southern District of Georgia.
IRS August 25, 2025
Taxpayers have through Sept. 5 to fill out a survey that will be presented to Congress, as the Biden-era program that allows taxpayers to file their taxes for free is at risk of being shut down.
Taxes August 25, 2025
Kylie Leia Perez, who lives in Tampa, FL, and uses the stage name “Natalie Monroe,” owes the IRS at least $1.6 million in back taxes, the U.S. Attorney's Office said on Aug. 14.
Taxes August 22, 2025
Alabama’s county commissions issued a call to action at their summer conference in Orange Beach: protect the state’s internet sales tax system.
Taxes August 22, 2025
Georgia legislators have been reducing the individual and corporate income tax rate for years — it will fall to 5.19% this year under a law signed by Gov. Brian Kemp in April.
Taxes August 21, 2025
Between 2015 and 2022, Dawson did not pay to the IRS the taxes withheld from his employees’ paychecks. He also used RPC Group’s business accounts to pay for personal expenses.
Taxes August 21, 2025
An Illinois doctor has been sentenced to 34 months in prison for committing health care fraud and for hiding assets and lying to the IRS about his ability to pay approximately $1.6 million in taxes, penalties, and interest.
Taxes August 21, 2025
New rules may mean revamped project plans and business models to ensure tax credit eligibility.