Some advantage; Justice done; everyone needs a hobby; and other highlights of recent tax cases. Santa Ana, California: Preparer Karla Montano, a.k.a. Karla Cervantes Montano and Karla Esmeralda Montano, 31, has admitted that she submitted fraudulent income tax returns to the IRS, claiming fraudulently inflated tax refunds. Montano has agreed to plead guilty to five
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James Bullard David Orrell | CNBC This is a breaking news story. Please check back for updates. St. Louis Fed President James Bullard spoke with CNBC’s Steve Liesman on Friday from the Federal Reserve’s economic policy symposium in Jackson Hole, Wyoming. “You take out the insurance, if nothing happens you take it back,” said Bullard. 
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Share to facebook Share to twitter Share to linkedin “I’m not looking at a tax cut now. We don’t need it. We have a strong economy,” President Trump said Wednesday. ASSOCIATED PRESS Topline: President Trump said Wednesday he is no longer considering a payroll tax cut, contradicting a Tuesday statement in which he said the
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The Internal Revenue Service is warning taxpayers and tax practitioners about a new email phishing scam in which criminals are impersonating the IRS, sending unsolicited emails with subject lines like “Automatic Income Tax Reminder” or “Electronic Tax Return Reminder” that appear to come from the IRS. The IRS and its partners in the Security Summit
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Countries around the world have been trying different approaches to changing their tax laws to address some of the difficulties associated with taxing digital commerce. While many countries are looking at digital services taxes to tax gross revenues associated with online advertisements and marketplaces or sales of user data, other countries are taking a different
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Share to facebook Share to twitter Share to linkedin Serving on the board of directors of a nonprofit can be rewarding, but not if you end up paying for the organization’s tax problems. Your first reaction might be to say what tax problems, for aren’t nonprofits, especially public charities, tax exempt? Not entirely. For example, nonprofits
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The Internal Revenue Service and the Treasury Department issued a notice Thursday saying they intend to issue regulations that will permit a domestic partnership or an S corporation that is a U.S. shareholder of a controlled foreign corporation to apply some proposed rules for determining the amount of the global intangible low-taxed income, or GILTI,
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