Taxes August 25, 2025
IRS Says Tax Interest Rates to Stay Unchanged for Q4 of 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
‘Ghost’ Tax Preparer Sentenced to 22 Months in Prison for Tax Fraud
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
Taxpayer Input Sought on Free Tax Filing Options as IRS Direct File Faces Elimination
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
OnlyFans Creator Made $5.4M But Didn’t Pay Her Taxes, Feds Say
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
$850 Million Alabama Online Sales Tax Battle
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 Senate Looks at Eliminating State Income Tax
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
West Virginia Business Owner Sentenced for Employment Tax Crimes
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
Illinois Doctor Gets 34 Months in Prison for $1.6M Tax Evasion and Fraud
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
IRS Puts Stricter Energy Tax Credit Guidance on Wind and Solar Projects
New rules may mean revamped project plans and business models to ensure tax credit eligibility.
Taxes August 20, 2025
Electric Vehicle Sales Surge as End of Tax Credit Nears
Analysts expect manufacturers to further scale back production of EVs to match limited interest among buyers, especially as Trump works to remove federal emissions requirements.
Taxes August 19, 2025
IRS Accepting Applicants for 2026 Compliance Assurance Process
CAP employs real-time issue resolution through transparent and cooperative interaction between large corporate taxpayers and the IRS to improve federal tax compliance
Taxes August 19, 2025
Exploring the Role of Partnerships in Qualified Small Business Stock (QSBS) Planning
A key requirement of Section 1202 is that the issuer of qualified small business stock (QSBS) must be a domestic (US) C corporation.