The IRS is at a critical juncture, facing potential funding cuts that could significantly impact its ability to enforce tax compliance, improve taxpayer services, and modernize its technology. Business owners
The recent endorsement of an IRS-affiliated union by Vice President Kamala Harris has caused quite a stir, with critics expressing concerns about potential tax increases on both individuals and businesses.
The IRS Whistleblower Program is increasingly becoming a significant tool in the fight against tax evasion. This program, which rewards individuals for reporting tax non-compliance, has gained attention recently, especially
Money laundering isn’t just an issue for criminal enterprises. It’s a widespread problem that can affect legitimate businesses—either through direct involvement or by unknowingly becoming part of a money laundering
Business owners often face complicated tax regulations, making it essential to stay on top of tax compliance. Recent legal cases, such as the sentencing of an Albuquerque man for tax
In a landmark case, TD Bank N.A. (TDBNA), one of the largest banks in the United States, pleaded guilty to violating the Bank Secrecy Act (BSA) and participating in money
The gambling industry continues to grow, generating a staggering $60.5 billion in gross revenue in 2022. However, with great profits come great tax responsibilities. The Treasury Inspector General for Tax
A recent high-profile tax case involving a restaurant owner has sent shockwaves through the small business community. Richard Bhoolai, the 65-year-old owner of Richie’s Fast Food Restaurants Inc. in Cincinnati,
As we head into 2025, one topic gaining significant bipartisan support is the restoration of the immediate expensing for research and development (R&D) costs. For years, businesses were allowed to