Taxes August 19, 2023
IRS Offers Tax Filing Extensions to Hawaii Wildfire Victims
This IRS relief is available to all residents and businesses in any area designated by the Federal Emergency Management Agency (FEMA).
August 18, 2023
Southern California Braces for Hurricane
By the time the system makes it to the southwestern U.S., officials believe its hurricane-strength winds will have weakened to tropical storm strength.
August 18, 2023
Florida Woman Sentenced for Pandemic Loan Fraud, Leased a Bentley with Funds
She said during her sentencing hearing in Miami federal court that it seemed like “everybody was doing it” as the pandemic battered the nation’s economy.
August 17, 2023
New Jersey Business Owner Failed to Pay $10 Million in Payroll Taxes
A New Jersey business owner faces a federal prison sentence after failing to pay more than $10 million in payroll taxes.
Taxes August 15, 2023
IRS Gives Taxpayers New Faxing Option to Request Relief on Late International Forms
The IRS says this electronic option removes a step in the paper process, which saves time and eases the burden on international taxpayers.
Taxes August 14, 2023
Four Income Tax Breaks for New Parents
You just welcomed a new bundle of joy into the world. But once the euphoria has worn off, you’ll start to realize—if you haven’t already—that kids are expensive.
Taxes August 14, 2023
Trust In Irrevocable Life Insurance Trusts
Many limitations have been placed on traditional tax shelters over time, but the benefits of “irrevocable life insurance trusts” (ILITs) remain intact.
Taxes August 14, 2023
South Carolina Return Preparer Sentenced to Prison for Tax Fraud
In total, Gonzalez caused a tax loss to the IRS of more than $420,000.
Taxes August 11, 2023
AI Tax Tech That Sniffs Out Tax Evasion Gets $12.5M in Funding
The system is currently used by major tax agencies around the world, including the Internal Revenue Service's Criminal Investigation Division and multiple states' tax authorities in the U.S.
Taxes August 11, 2023
IRS Warns Employers About Abusive ESOP Schemes
The IRS has concerns that employee stock ownership plans are being used by some wealthy taxpayers as a tax avoidance tool.
Taxes August 11, 2023
Tax Pointers on Mortgage Points
Points paid on a new mortgage are fully deductible if you meet certain tax law requirements. Notably, the acquisition debt must be secured by your principal residence and ...
Taxes August 11, 2023
Some Republicans Crack Open Door to Child Tax Credit Deal
At-risk freshmen and centrist groups in the GOP view the child credit as an important policy tool that has across-the-aisle support.