Menu

Federal Tax Updates Archive

Inflation Reduction Act Energy Tax Increases

TweetShareSharePin0 Shares As noted in a Tax Foundation blog post last week, the Inflation Reduction Act (IRA) primarily uses carrots, not sticks, to incentivize reductions in carbon emissions. The Inflation Reduction Act creates or expands tax credits for various low- or no-emission technologies, rather than imposing a generalized penalty for emissions, such as a carbon tax.

Tax Tips For Self-Publishing Authors: A Complete Guide

TweetShareSharePin0 Shares If you’re a bookworm who has finally made the jump from reader to author, congratulations are in order! This is no small feat, and you deserve to be proud of your accomplishment. Once you write a book, though, you might find yourself feeling a bit overwhelmed by the financial aspects of becoming an

Shakira Breaks Silence on Tax Evasion, “I Have to Stand Up For What I Believe”

TweetShareSharePin0 Shares Latin singer, Shakira, has finally broken her silence on her ongoing tax evasion court battle in Spain. The “La Tortura” singer is facing a tax trial in the European nation after rejecting prosecutors’ deal in July.  Details of the plea deal that Shakira and her legal team turned down were not immediately available but, the Associated Press, shared that

Private Investigator Involved In High-Profile Case Goes to Prison For Tax Fraud

TweetShareSharePin0 Shares Tracy Leonard, a private investigator involved in the high-profile Andrea Knabel missing persons case, is headed to federal prison for nine months for tax fraud. According to an official release from the Internal Revenue Service (IRS), Leonard operated a private investigation firm in Clarksville, Indiana, near Louisville.  Between 2015 and 2019, the PI

Life Insurance Abuses, Election Season Tax Cuts

TweetShareSharePin0 Shares Wyden expands an investigation of tax avoidance through private placement life insurance (PPLI). TaxNotes reports (paywall) that Senate Finance Committee Chair Ron Wyden is expanding an investigation into PPLI abuses. They were intended as tax-advantaged savings vehicles for middle-income households. But they are being used to invest millions of dollars in hedge funds

47 People Charged In $250 Million COVID-19 Child Meal Program Scam

TweetShareSharePin0 Shares Throughout the COVID-19 pandemic, many government agencies provided assistance to struggling families. The pandemic era changed life for everyone, with some families going from double incomes to single incomes due to company closures, and others facing personal crises like divorce.  One government department that offered aid to families in need was the U.S. Department

DeSantis Officially Pitches $1.1 Billion Tax Break Package

TweetShareSharePin0 Shares Divisive Florida Governor Ron DeSantis has officially pitched his $1.1 billion tax break proposal, which he previously called the “largest” the state has ever seen. DeSantis — who has close ties to Donald Trump’s newly-hired attorney Chris Kimes — faces opponent Charlie Crist, a former Republic now running on the Democratic ticket, in the Florida Gubernatorial

The Weekly (Tax)Buzz – September 21st, 2022

TweetShareSharePin0 Shares The Weekly (Tax)Buzz – September 21st, 2022 If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from

You cannot copy content of this page

Social Media Auto Publish Powered By : XYZScripts.com