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…
Tax season is here, and with it come scammers hoping to steal your money or even personal information. Now, with AI in the picture, the scams are getting more sophisticated. Some come in the form of emails and text messages posing as the IRS; others mimic legitimate websites and calls. Don’t feel too awful if…
Like most 501(c)(3) charities, Binghamton University’s Student Association is required to annually file a report with the U.S. Internal Revenue Service documenting the financial health of the nonprofit organization. The most recent publicly available report, covering from June 1, 2024 to May 31, 2025, reveals that the SA ended the period $143,714 in debt. READ…
PENSACOLA, Fla. — It’s less than one month until the tax filing deadline. Officials warn it’s not just the fed that’s waiting to collect your information. Tax schemes are running rampant this year. Some scammers are turning to artificial intelligence pretending to be the IRS. Tech experts say education is key when it comes to…
LEXINGTON, Ky. — William asks: “Why won’t the IRS allow you to claim the Earned Income Tax Credit once you turn 65 years old?” The Earned Income Tax Credit was first enacted in 1975 as a small, temporary provision. It has since become what the AARP describes as “the largest need-tested antipoverty program that provides…
Former Portage Mayor James Snyder was sentenced to three years probation Tuesday, his 48th birthday, on his federal conviction for obstructing the IRS. U.S. District Court Northern District of Indiana Chief Judge Holly Brady read the sentencing and said she reached the decision based on many factors, including Snyder being “embroiled in this case” for…
Lawmakers say that more than 800,000 taxpayers could receive CP53E notices tied to the phaseout of paper checks, potentially delaying some refunds for over 10 weeks. Congressional Democrats are raising questions about IRS notices being sent to hundreds of thousands of taxpayers whose refunds have been delayed because the agency is moving away from issuing…
The IRS’s Office of Fraud Enforcement, launched shortly before the Covid-19 pandemic in 2020, is being revived to reduce the approximately $700 billion tax gap, or the difference between the true tax liability for a tax year and the amount that is paid on time. Taxpayers who may have committed fraud can take steps to reduce their risk…
