Proactive Withholding Adjustments Can Prevent Penalties and Ensure Smoother Tax Filing Next Year Don’t wait for tax season surprises! The IRS is actively encouraging taxpayers to review and, if necessary, adjust their paycheck withholdings now. This simple step can help
Baseless Claims Against IRS Prove Costly for Georgia Teacher Taxpayers who present frivolous arguments in tax disputes face significant financial penalties, a lesson reinforced by a recent U.S. Tax Court decision. In Swanson v. Commissioner (TC Memo 2024-105, Nov. 12,
Free Filing System Faces Shutdown Despite Expansion, Citing Budget and Private Sector Concerns Despite a recent expansion to 23 states, the IRS Direct File program, a free tax filing service, is expected to be discontinued after the 2025 tax season.
Residents and Businesses Get Until November 3, 2025, to File and Pay After Severe Weather Updated April 21, 2025 – The Internal Revenue Service (IRS) has announced extended federal tax deadlines for all individuals and businesses in Tennessee and Arkansas
Ohio, Indiana Proposals Signal Bipartisan Shift in Family Tax Relief Republican-majority states like Ohio and Indiana are considering adopting refundable child tax credits, a policy traditionally associated with progressive agendas. These proposals indicate a growing bipartisan consensus on direct family
Lawyer’s Use of Trust Accounts and Cash Withdrawals Leads to Conviction A Missouri attorney has been convicted of tax evasion after years of fraudulent activities, facing prison time and substantial fines for concealing income and failing to file returns. Key
Guilty plea reveals elaborate scheme to hide assets and mislead the IRS, facing years in prison. A Florida businessman, David Albert Fletcher, has pleaded guilty to evading $1.7 million in federal taxes by concealing income and filing false returns, highlighting
California lawyer’s case underscores the government’s intensified efforts to prosecute tax evasion among high-earning professionals. A California attorney has been indicted on federal tax charges for allegedly evading taxes, filing false returns, and failing to file tax returns. The indictment,
Affected individuals and businesses gain extra time to file and pay due to severe storms. The IRS has extended tax deadlines for individuals and businesses in six West Virginia counties affected by severe storms, providing them until Nov. 3, 2025,
Illinois physician admits to $1.6M in tax losses and fraudulent Medicare claims, facing significant penalties. An Illinois doctor, Krishnaswami Sriram, has pleaded guilty to tax evasion and Medicare fraud, admitting to hiding assets and submitting false claims, resulting in significant