California’s film industry has faced challenges due to labor issues and disruptions. To address this, Governor Gavin Newsom announced a plan to increase the state’s film tax incentive program to $750 million annually. This proposal, if approved, would more than […]
The Internal Revenue Service (IRS) has announced a significant crackdown on high-income earners who have neglected to file their federal income tax returns. This initiative aims to address over 125,000 instances of non-compliance identified since 2017. The IRS’s efforts underscore […]
The Internal Revenue Service (IRS) is embarking on a significant recruitment drive, aiming to onboard thousands of new auditors. This move is strategically designed to clamp down on tax evasion among the affluent. However, the implications of this initiative extend […]
As taxpayers across the country navigate the complexities of their annual tax obligations, a growing number of Americans are exploring ways to reduce their financial burden. Specifically, many are considering relocation to states with no income tax to preserve more […]
Charles Littlejohn, a 38-year-old former IRS consultant, received a five-year prison sentence for unlawfully disclosing the tax returns of former President Donald Trump and thousands of other wealthy individuals to the media. This harsh sentencing by Judge Ana Reyes, a […]
In a significant bipartisan move, lawmakers announced a proposal on Tuesday that seeks to expand the child tax credit and extend crucial business tax deductions. The urgent goal is to secure Congressional approval before the commencement of the tax season […]