A Sewell man admitted in federal court to evading income taxes, failing to pay payroll taxes and fraudulently obtaining pandemic relief funds intended for struggling small businesses, according to U.S. Attorney Robert Frazer. Zackary Sulpizi, 30, pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court to income tax evasion, failing to…
SAINT PAUL, Minn. — A $2.6 million mansion on Cynthia Lake in Scott County was paid for in 2022, according to court documents, with taxpayer money by a 37-year-old man who legally changed his name to Caesar Wilson. According to the indictment charging Wilson with attempting to defraud the IRS and multiple banks out of…
Floyd Mayweather faces potential cancellation of planned exhibitions against Mike Zambidis in Greece and Mike Tyson abroad after the IRS moved to revoke his U.S. passport over $7.25 million in unpaid taxes. The debt, tied to 2018 and 2023, exceeds the threshold for ‘seriously delinquent’ status, triggering possible travel restrictions. While his U.S.-based bout with…
After months of scrutiny around the Federal Reserve and its leadership, President Donald Trump’s nominee, Kevin Warsh, is set to become the next chair of the Federal Reserve, succeeding Jerome Powell. Notably, the 54-45 U.S. Senate vote margin to confirm him was reportedly the narrowest in modern Fed Chair history. As Warsh moved through key…
For many taxpayers, April 15 feels like the finish line. For tax practitioners, it marks the beginning of cleaning up problems that the filing season left behind. The first public readout of a filing season rarely tells the whole story. The IRS can report how many returns it received, how many it processed, how many…
As part of a broader push to modernize payments, the IRS has been phasing out paper refund checks. This tax season, that shift has triggered a surge in notices asking taxpayers to confirm or update their banking information. These letters, known as CP53E notices, are landing in more than 1 million mailboxes, according to some…
Most of the back-office IRS employees who were involuntarily moved to cover frontline filing-season work will remain on their temporary reassignments. The IRS in early February put about 1,500 IT and human resources employees on 120-day details to work in taxpayer services. Most of the IRS employees who moved to taxpayer services have no background in this…
“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…
