federal taxes Archive

TweetShareSharePin0 Shares In a bid to tackle illegal immigration in the United States, new proposed federal legislation would place a tax on person-to-person wire transfers. Per a Fox News report, the WIRED (Withholding Illegal Revenue Entering Drug Markets) Act, introduced by Representative Kevin Hern (R-OK) would ostensibly “discourage illegal immigration and combat cartel activity at the

TweetShareSharePin0 Shares 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. The duo reportedly

TweetShareSharePin0 Shares Carbon emissions are overheating the planet, and Americans are feeling it this summer, with unprecedented wildfires, heat waves, floods, and droughts. The most significant source of planet-heating carbon emissions is burning fossil fuels for energy.  Policymakers looking to curb emissions are turning their attention to cryptocurrency mining (validating cryptocurrency transactions on a blockchain

TweetShareSharePin0 Shares TPC’s Bill Gale puts JCT’s score on the Inflation Reduction Act in context. Gale notes that the Joint Committee on Taxation analysis suggests that taxes would increase at nearly every income level. But Bill cautions that other factors should be considered before drawing conclusions about how the Manchin-Schumer compromise climate and tax bill

TweetShareSharePin0 Shares 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. The IRS alleges that the biotech giant transferred approximately $24 billion in profits between 2010 and 2015, leaving them with $10.7

TweetShareSharePin0 Shares Capitol Hill Democrats are reportedly scrambling for Senator Krysten Sinema’s (D-AZ) support on the Inflation Reduction Act that S Source link TweetShareSharePin0 Shares

TweetShareSharePin0 Shares California Governor Gavin Newsom has endorsed a state legislative bill — SB 485 — that will extend the state’s $1.65 billion film and television tax credit for another eight years, through July 1, 2030. The move comes as Governor Newsom and other California politicians work to woo businesses away from states like Texas