Treasury Department Archive

TweetShareSharePin0 Shares As expected, former Trump Organization CFO Allen Weisselberg has pled guilty to tax crimes in New York City today, Thursday, August 18. Late last week, it was announced that Weisselberg’s trial would begin in Manhattan on October 24 after a motion for dismissal of the charges was denied.  Bloomberg shared details at the time: Weisselberg and the

TweetShareSharePin0 Shares The State of Louisiana has $36 million in unpaid tax refunds that can be claimed by residents until October 6, 2022. According to a report by Baton Rouge news station WAFB 9, “The Louisiana Department of Revenue (LDR) sent letters to 20,400 individual and business taxpayers advising them to claim their refunds before

TweetShareSharePin0 Shares Perhaps one of the most controversial pieces of the Inflation Reduction Act (IRA) is the expansion of the Internal Revenue Service (IRS). There is a compelling case for strengthening the enforcement of existing taxes, rather than creating new ones, as a way to raise revenue. The economic costs of enforcing existing taxes are likely

TweetShareSharePin0 Shares The FDA’s proposal to ban flavored cigars would be a disruptive force in the cigar market and would carry significant revenue implications for many state governments. Flavored cigars make up between one-third and one-half of all cigar sales. We estimate that the aggregate effect of a ban on flavored cigar sales in the

TweetShareSharePin0 Shares Former New York City Mayor Rudy Guiliani is slated to face an Atlanta grand jury as part of the investigation into Donald Trump’s 2020 Presidential campaign. Guiliani — who served as mayor of America’s most populous city from 1994 to 2001 — went on to found a security consulting business, Guiliani Partners, and an

TweetShareSharePin0 Shares The Internal Revenue Service (IRS) has been given a six-month timeframe to present a “modernization plan” that will improve the American taxpayer experience. Now that the Inflation Reduction Act of 2022 has been officially signed into law by President Joe Biden — providing the IRS with $80 billion in additional funding and resources

TweetShareSharePin0 Shares Of the three candidates for Governor of Oregon this year, only one won’t hand over their tax returns. Willamette Week shared details about the publication’s attempt to secure tax return copies from all three candidates in this year’s race — Republican Christine Drazan, Democrat Tina Kotek, and Independent Betsy Johnson. Former Democratic state Senator Johnson, however,