Watchdog Sees ‘Light at The End of The Tunnel’ for The IRS
One reason for the optimism is the infusion of billions from the Democratic-powered legislation signed into law this summer. read more >
by Associated Press -
Argentina Eyes $100B as US Will Share Banking Data
Financial data is already shared between the two governments on a case by case basis, but this arrangement should give taxing authorities automatic access to information about such investments, whether they're made as individuals or through companies and trusts, Economy Minister Sergio Massa said. read more >
by Associated Press -
IRS Raises Contribution Limits for Retirement Savings Plans
The changes, among others announced by the IRS Friday, make it easier for retirement savers who use these types of tax-advantaged plans to set aside more of their income toward building their nest egg. read more >
by Associated Press -
IRS Ups Standard Deductions, Tax Brackets Due to Inflation
Some items that were indexed for inflation in the past will remain unchanged, such as the personal exemption, which remains at zero. read more >
by Associated Press -
Former Haz-MERT President Agrees to Pay IRS $675K
Sam Shannon Weathers and his wife, Melissa Sue Weathers, agreed to pay the IRS for their unpaid federal tax bill for the years 2009-2014, as well as taxes tied to Shannon Weather's former company. read more >
Rod’s Pizza Responds to Uncle Sam
The famed Hot Springs restaurant is being sued by the IRS for more than $586,000 in back taxes. read more >
Expanded IRS Free-File System One Step Closer in Dems’ Bill
It's something lawmakers and advocates have been seeking for years. read more >
by Associated Press -
A Big Deal for Energy, Tinged Green All Over
Incentives for buying EVs, renewable energy production and domestic manufacturing look particularly good for Arkansas businesses. read more >
by Kyle Massey -
Little Rock Lawyer Pleads Guilty in USDA Fraud Case
Authorities say he played a role in a scheme to defraud the agency of $11.5 million. read more >
Famed Hot Springs Pizza Joint Needs More Dough
The government said in a lawsuit filed last week that the restaurant owes more than a half-million dollars in taxes. read more >
7 Ways Small-Business Owners Can Save on Taxes in 2022
Did you know the business meals deduction is up from 50% to 100% this year if the food and beverages are from a restaurant? read more >
by Associated Press -
Tax Season Begins 2 Weeks Early Due to Virus, IRS Funding
Avoiding a paper tax return will be more than important than ever this year to avert processing delays. read more >
by Associated Press -
Under Pressure From Congress, IRS Suspends Equifax Contract
The IRS has suspended a $7.25 million contract with the credit reporting company Equifax after members of Congress complained the tax agency had awarded a no-bid contract to a company that recently had a massive data beach. read more >
Smart Uses for Your Tax Refund
Avoid splurging in favor of long-lasting benefits based on your financial situation. read more >
Lowell Fraud Case Leads To 16-Count Federal Indictment For Defrauding Investors
Allen Frederick Wichtendal and Diana Stewart were indicted Thursday on 16 federal counts of defrauding investors of more than $1 million. read more >
by Chris Bahn -
Significant 2013 & 2014 Business Tax Implications Of Health Care Reform
When the reform became law in 2010, many of the changes seemed far in the future; some don’t take effect until 2018. For this reason, the majority of small businesses have delayed the development of related strategy and planning. read more >
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