Stopgap Funding Bill Approved by House Republicans Faces Uncertain Senate Path The U.S. House of Representatives has passed a stopgap funding bill to prevent a government shutdown, but its future in the Senate is uncertain due to strong Democratic opposition.
Vivid Inc. CEO Admits to Failing to Pay Employment Taxes John Comeau, CEO of Vivid Inc., has pleaded guilty to employment tax crimes, resulting in a $1.15 million loss to the IRS, highlighting the severe consequences of non-compliance with federal
Understanding the Possibility of Appealing Tax Court Rulings While many taxpayers view Tax Court as the final step in resolving IRS disputes, it’s important to know that some decisions can be appealed. However, success hinges on understanding the process and
Dale Thrush Faces Over 15 Years in Prison for Payroll and Filing Violations Dale Thrush, a Michigan businessman, has been convicted of multiple employment tax crimes and willful failure to file personal tax returns, highlighting the serious legal risks for
Drexel University Professor and Pharmacy Owner Faces Two Years for Tax Fraud Gordian A. Ndubizu, an accounting professor and pharmacy co-owner, has been sentenced to two years in federal prison for tax evasion and filing false tax returns, highlighting the
Navigating IRS Rules for Foreign-Held Crypto Many investors hold cryptocurrency in foreign exchanges or offshore accounts, raising questions about tax reporting obligations, particularly regarding FATCA Form 8938. Understanding these rules is crucial to avoid costly penalties. Key Focus: Compliance and
Navigating Evolving Tax Rules for Digital Assets: What Taxpayers Must Know The IRS has introduced new guidance regarding cryptocurrency taxation, including Revenue Procedure 2024-28 and Notice 2025-7. These changes aim to clarify reporting obligations and enhance tracking requirements for digital
Protecting Yourself from Fraudulent Schemes The IRS annually releases its “Dirty Dozen” list to alert taxpayers, businesses, and tax professionals about prevalent scams. Staying informed is crucial to safeguarding your financial and personal information. Core Message: Vigilance and Awareness The
Las Vegas Business Owner Pleads Guilty to Massive Fraudulent Scheme A Nevada woman has pleaded guilty to orchestrating a massive COVID-19 employment tax fraud scheme involving the filing of over 1,200 false tax returns and fraudulently claiming millions in refunds.
Delray Beach Advisor Pleads Guilty to Multi-Million Dollar Scheme A Florida financial advisor, Stephen T. Mellinger III, has pleaded guilty to orchestrating a nearly decade-long conspiracy involving an illegal tax shelter, false tax returns, and the theft of millions from