federal taxes Archive

TweetShareSharePin0 Shares In recent months, Florida residents have found themselves embroiled in the battle over the Reedy Creek Improvement District.  The District’s official website shares the following information about its operations: …[Reedy Creek is] a progressive form of government, created in 1967 by a special Act of the Florida Legislature, the purpose of which is

TweetShareSharePin0 Shares U.K. Prime Minister Liz Truss is defending massive tax cuts as the British pound has hit a historic low. Last week, The Wall Street Journal reported on the sweeping tax relief package, noting that it will “cut payroll taxes, freeze corporation tax, ditch banker-bonus cap and spend billions to subsidize energy bills.” U.K. Chancellor of

TweetShareSharePin0 Shares A serial scam artist father and his daughter have been sentenced for a tax fraud scheme that ran for four years. Both based in Georgia, Ezra Hatcher, Sr., of Hephzibah, and Sherry Hatcher, of Augusta, operated a tax preparation business. Between 2014 and 2018, the duo filed 21 fraudulent returns for clients.  Per

TweetShareSharePin0 Shares The Internal Revenue Service (IRS) has been granted a new court order that will help the U.S. tax agency track down cryptocurrency tax evaders. According to an official release from the Department of Justice, the IRS summons is related the case against crypto broker, sFOX. CNBC shared details about the situation, noting: The

TweetShareSharePin0 Shares In 2014 Congress passed the Consolidated and Further Continuing Appropriations Act prohibiting federal agencies from using appropriated funds to award a contract or grant to a corporation owing any amount of delinquent federal taxes unless it considered suspension or disbarment.  A regulation, which goes by the catchy name Federal Acquisition Regulation (FAR), provides

TweetShareSharePin0 Shares Schumer sets up a Senate vote for next week on a stop-gap funding bill.  Lawmakers still are squabbling over the stopgap funding bill to keep the government open until mid-December. The biggest hang-up continues to be language to ease the permitting process for energy projects, a gift to Sen Joe Manchin in return

TweetShareSharePin0 Shares Cook County, Illinois has officially repealed its wheel tax, benefitting about 500,000 drivers. Per a report from the Chicago Tribune, the Cook County Board voted to do away with the tax on Thursday, September 22.  Most residents who were impacted by the local tax paid $80 or $100 annually depending on the size