“In one state, voters will get to decide whether to eliminate the income tax. Will more follow?” by David A. Lieb JEFFERSON CITY, Mo. (AP) — It’s not every day — or even every decade — that voters are presented a decision like this: Should the state’s individual income tax be eliminated? When that question…
“It’s time to tax AI slop” by Mike Pepi We are stuck in a deluge of meaningless content that threatens human creativity. Here’s a simple way to mitigate its harms. As the US midterm elections approach, voters are voicing concern about AI. According to an NBC News poll of registered voters, 57% believe the risks of…
The US Internal Revenue Service (IRS) has issued a new whistleblower alert focused on suspected misuse, diversion or fraudulent handling of federal funds by tax-exempt entities, private individuals and businesses. The agency has urged the public to submit information on alleged fraud involving federal funds and grants. Under the IRS Whistleblower Programme, those who provide…
GVA PropertyManagement, an Austin-based multifamily real estate investment and operating company, today announced that a preliminary expert report prepared by Jason S. Flemmons, CPA, CFE, CFF – a former Deputy Chief Accountant of the SEC’s Division of Enforcement – has concluded that GVA’s accounting practices are consistent with applicable IRS rules and do not constitute…
Americans coast-to-coast filed their taxes this week. While the IRS dominated many of the headlines, most people were also filling out forms for their state as well. Unlike with federal taxes, how much the residents of each state paid varied widely – and some of them did not have to pay a state income tax…
The Internal Revenue Service (IRS) has announced it is stepping up its hunt for federal funds fraud under the Whistleblower Alert, which offers cash rewards of up to 30 percent to whistleblowers who provide information that leads to successful enforcement actions. The new Whistleblower Alert program is part of an expanded effort by the IRS…
The IRS has fallen far short of its staffing targets for customer service roles during tax-filing season, according to a draft government report seen by POLITICO that underscores challenges the agency faces delivering new GOP-led tax breaks after a year of sweeping Trump administration cuts. Between Jan. 26, the day federal tax-filing season opened, and…
The IRS has filed a $7.3 million lien against famed boxer and entrepreneur Floyd Mayweather Jr. for unpaid taxes in 2018 and 2023. The lien was filed last month in Las Vegas, where Mayweather has property. The notice shows the balance was unpaid as of March 26. An attorney for Mayweather declined to comment on it. The…
Two Louisville area tax preparers were sentenced to prison for a multiyear tax fraud scheme. According to the U.S. Department of Justice, 41-year-old Angel De La Rosa of Jasper, Indiana, and 34-year-old Yaimy Real of Louisville pleaded guilty to conspiracy to commit wire fraud, aiding and assisting in the preparation and presentation of a false…
The IRS is telling some of its employees, in the final weeks of the filing season, that their wages were miscalculated on tax forms, and that they may need to submit corrected tax returns. The errors concern the non-taxable portion of overtime wages. The One, Big Beautiful Bill Act that was signed into law last…
