IRS Confirms Tax Relief, Extensions For Kentucky, Missouri Flood Victims
The Internal Revenue Service (IRS) has confirmed tax extensions for victims of the severe flooding in Kentucky and Missouri. Earlier this month, Eastern Kentucky faced catastrophic flooding in places like Perry County and Breathitt County. The Lexington Herald Leader noted that other "cities on the Ohio River, including Paducah, were inundated, and there was also flooding on the Kentucky, Barren, and Green Rivers."
Vermont Businessman Sentenced to Prison For Tax Evasion, Identity Theft
A Vermont businessman has been sentenced to prison for tax evasion and identity theft following an investigation by the U.S. Attorney's Office. According to a report from the Department of Justice, Blakely H. Jenkins, Sr., 61, pleaded guilty to two counts of evasion of employment taxes and a single count of identity theft in February 2022.
Philadelphia Men Charged With Bribery, Evading Taxes on Millions
Two Philadelphia men have been charged with paying over $400,000 in bribes and evading taxes on over $3 million of income. The Department of Justice shared details provided by the U.S. Attorney's Office for the Middle District of Pennsylvania:
Appeals Court Unanimously Rules Congress Can Obtain Trump's IRS Tax Records
The DC Circuit Court of Appeals has unanimously ruled that the United States House of Representatives can obtain former President Donald Trump's tax records from the Internal Revenue Service (IRS).
Will the 87,000 New IRS Employees Actually Go After the Middle Class?
The Inflation Reduction Act of 2022 includes nearly $80 billion in funding for the Internal Revenue Service (IRS), leading to the hiring of 87,0000 new employees. The provision was backed by Fred Goldberg, who headed the agency under former President George H. W. Bush, President Bill Clinton's IRS head, Charles Rossotti, and John Koskinen, who led the IRS under the President Barack Obama administration. The trio issued a signed statement signifying their support.
Opinion: Bernie Sanders 35-Minute Scathing rebuke of 'The Inflation Reduction Act of 2022' Along with the Complete Bill
A detailed look into why you should call your local House of Representatives Congressperson and feverishly demand they do not support it. This non-satirical, un-opinionated, fully attributed, and unbiased article was compiled by the accredited and degreed veteran investigative reporter and Chief Political Correspondent for The Veracity Report, Kurt Dillon. It is comprised of information compiled from the following sources: US Senator for Vermont, Bernie Sanders, Reuters, The New York Post, and The Associated Press.
Businessman Accused of Intimidating Employees Faces Tax Fraud Charges
A Massachusetts-based construction company owner previously accused of intimidating employees and failing to pay overtime has been indicted on tax fraud charges. Per an official release from the United States Department of Justice:
Billionaire Tax Evader Robert Brockman Dead at 81, Trial Halted
Billionaire Robert Brockman, charged in the largest tax evasion case in U.S. history, is dead at age 81, halting his trial. In June 2022, the former CEO was ruled competent to stand trial in the largest tax evasion case to ever be filed in United States. This ruling came despite arguments of incompetence from his defense attorneys.
Former IRS Heads Support $80 Billion Funding Increase, Plan to Catch Tax Evaders
Three former heads of the Internal Revenue Service (IRS) have thrown their support behind a Democratic bill provision that would increase agency funding in a bid to catch high net worth tax evaders.
Vegas Restaurant Owner Faces Tax Evasion Charges on $5.1 Million
The owner of a popular Las Vegas restaurant chain is facing tax evasion charges for underreporting income by $5.1 million. Raul Gil, the owner and operator of three popular Casa Don Juan Mexican restaurant locations recently pleaded guilty to evading taxes between 2014 and 2018.
IRS Alters Cryptocurrency Question For All Taxpayers
The Internal Revenue Service (IRS) has officially changed its cryptocurrency question on personal tax return forms for all taxpayers. The crypto question on the front page of Form 1040 now reads: “At any time during 2022, did you: (a) receive (as a reward, award, or compensation); or (b) sell, exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?”
Miami Accountants Face Organized Crime Charges After Stealing From Clients
Two Miami accountants face organized crime charges and other federal charges after committing tax fraud. The duo allegedly stole tens of thousands of dollars from clients. Per Miami-Dade police records, Juan Carlos Mendieta, 50, of Miami Gardens and Leandro Machado Gonzalez, 26, operated a tax preparation firm called Famous Accounting, Inc.
IRS Fights Major Biotech Firm Over $10.7 Billion Tax Bill
The Internal Revenue Service (IRS) is fighting major biotech firm, Amgen, over a $10.7 billion tax bill the company hasn't paid after improperly shifting assets to a subsidiary based in Puerto Rico.
IRS Accuses Dentist of "Theft From the American Public" In Tax Fraud Case
Santa Maria McKibbins, a Durham, NC dentist who ran a practice called McKibbins Family Dental, has been accused of tax fraud in an ongoing case. Local North Carolina news channel CBS 17 reported:
Verdict Stuns In New Orleans DA's $200,000 Tax Fraud Trial
Top New Orleans Parish District Attorney Jason Williams was facing 10 federal charges for $200,000 in tax fraud. The top prosecutor's trial officially began with jury selection on Monday, July 18.
IRS Issues Incorrect Balance Due Notices, Cites “Systematic Error”
The United States Internal Revenue Service (IRS) has confirmed that a "systematic" error led to erroneous balance due notices being issued to some married couples who filed their taxes jointly this year.
Average Stimulus Check By State
Did you ever wonder how much residents of other states got for their stimulus checks? We now have answers because of a payment assessment by the Internal Revenue Service (IRS).
IRS Pledges to Improve Taxpayer Experience With New Plan
The Internal Revenue Service (IRS) has pledged to improve taxpayer administration and taxpayer services in the United States in a new 5-year plan. The government agency's existing processes are infamously clunky, so this is good news for tax filers nationwide.
U.S. Gov. Threatens Couple Caught In Scam, "There Is No Identity Theft With the IRS”
The Internal Revenue Service (IRS) is threatening to garnish the wages of an Iowa couple who got caught in an employment scam in the State of California. The Des Moines-based couple, Steven and Gloria Clark, were getting ready to close on the purchase of a new home in July 2021 when they received a letter from the IRS stating that Steven had received $30,900 in unemployment benefits from California.
You Won't Believe the Tax Bill For the Fifth-Largest Mega Millions Payout EVER
They say you're more likely to get struck by lightning than to actually win the lottery, but that doesn't stop tens of millions of Americans from playing -- especially when there's a huge payout on the line.