IRS Plans Back-Taxes Crackdown on 1.6K Millionaires
The IRS announced Friday it is launching an effort to aggressively pursue 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes.
Small Businesses Face Tax Headaches on Top of Pandemic Woes
Small businesses that have been buffeted by the pandemic, inflation and shipping woes have another challenge to add to their plate: taxes.
Controversial Bank Reporting Bill Left Out of House Bill
The budget reconciliation bill passed Friday by the U.S. House of Representatives does not include the controversial proposal to have banks and credit unions report account information to help fund the programs supported by the bill. The reporting proposal, which...Bank Groups Reject Tweaks to Biden’s Financial Reporting Proposal
Democrats have updated a Biden administration proposal that would require that banks and credit unions report account activity to the Internal Revenue Service, but trade groups remain opposed to the plan.
Industry Groups Continue Campaign Against Proposed IRS Reporting
An aggressive industry campaign against a Biden administration proposal to report bank account information to the Internal Revenue Service continued on Thursday as more than 100 trade groups and other organizations sent a joint letter to congressional leaders voicing opposition to the proposal.
Mortgage Debt Forgiveness Could Hit Delay as Congress Changes Hands
It’s Christmas time for special interests, and Democrats could throw a wrench in the works
Torrington Man Pleads Guilty to Tax Evasion
A Torrington resident has pleaded guilty to one count of tax evasion in Bridgeport court.
East Hartford Man Found Guilty of Making False Statement on Federal Tax Form
East Hartford resident Raymond McLaughlin was found guilty of making a false statement on a federal tax form.
