Accounting November 21, 2025
Edward Sodlosky, 71, of Middlebury, CT, failed to report almost $1.4 million in additional income, resulting in a tax loss to the government of more than $400,000, authorities said.
Accounting November 21, 2025
Rodney Ermel, 71, was sentenced in October for tax evasion and conspiracy to defraud the U.S. and ordered to pay $8,087,385 in restitution to the IRS.
IRS November 20, 2025
A possible merger of the IRS's Office of Professional Responsibility with the Return Preparer Office would bring negative consequences to the nation's tax system, the AICPA wrote in a letter to the agency last week.
Taxes November 20, 2025
The Donald J. Trump Presidential Library Foundation filed its request for tax-exempt status to the IRS on Oct. 10 and got an approval letter just 10 days later, according to tax records.
Taxes November 20, 2025
During a Nov. 19 event in Mobile, AL, U.S. Chamber of Commerce's Tom Wickham said the president's tariff policy amounts to a potential $600 billion “tax increase annually,” including about $202 billion on small businesses.
Taxes November 20, 2025
Missouri Gov. Mike Kehoe has offered no specifics about his plan but said it revolves around offsetting the $10 billion generated by the state’s 4.7% income tax rate, which represents about 63% of the state’s general revenue.
Taxes November 19, 2025
An investment portfolio where any one stock has appreciated dramatically over the original purchase is the perfect candidate for a contribution to a charitable organization or a DAF.
Risk Management November 19, 2025
After five consecutive years of cuts, Medicare physicians can finally expect to see higher revenues in 2026.
Taxes November 19, 2025
During a Senate Finance Committee hearing on health care affordability on Nov. 19, members found no middle ground on how to lower costs for those relying on expiring tax credits.
Taxes November 19, 2025
In a letter to the Joint Committee on Taxation, Sen. Maria Cantwell (D-WA) called for an analysis of the current landscape of college athletics centered around the policies that shield much of the industry from taxation.
Taxes November 19, 2025
President Donald Trump on Tuesday gave his sharpest rebuke of congressional Democrats’ efforts to extend expiring Affordable Care Act enhanced tax credits, saying he would not support legislation to do so.
Taxes November 19, 2025
Donald Trump’s presidential library foundation plans to raise almost a billion dollars in tax-exempt contributions over the next two years to build and operate his high-rise legacy project in downtown Miami, according to new tax filings.