In a recent case that underscores the serious implications of payroll tax fraud, Linda Davis, the owner of Majestic Seals & Stripes, Inc., was sentenced to four years in federal
As a business owner, managing taxes can be complex, but it’s crucial to stay compliant. Recent cases, like the guilty plea of a telecommunications company and its CEO for defrauding
The IRS’s recent recovery of $1.3 billion from wealthy tax dodgers highlights a renewed focus on tax enforcement, thanks to funding provisions in the Inflation Reduction Act (IRA). While this
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 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
In the recent Tax Court case Estate of Anne Milner Fields v. Commissioner, a complex estate planning scenario involving a Texas oil heiress has underscored the importance of understanding how
For business owners, finding a trustworthy tax preparer is essential. However, as seen in the recent case of Salvador Gonzalez, a Riverside County man sentenced to six years in prison
When it comes to running a business, especially one in a gray area like gambling, the stakes are high, and the risks are even higher. The recent case involving Matthew
Adopting a child is not only a deeply fulfilling journey but also a significant financial commitment. Recognizing the expenses involved, the IRS provides various tax benefits to help offset adoption