Internal Revenue Service

Swiss asset manager settles US tax evasion charges

The Geneva asset management firm Prime Partners has agreed to pay $5 million (CHF4.8 million) to the United States to settle charges for tax evasion …

Corruption

The U.S. government's secret war on the KKK involved the FBI, Fidel Castro and lots of dirty tricks

<i>Newsweek published this story under the headline of “G-Men and Klansmen” on August 25, 1975. Due to recent events at a white supremacist rally in</i> …

Fidel Castro

California Gubernatorial Candidate Steered Low-Income Housing Funds To Campaign Contributors

The latest involves California treasurer and 2018 gubernatorial candidate John Chiang, who has helped funnel millions in LIHTC tax credits to …

Housing

How the Trump Administration Is Sabotaging Obamacare

You know the old saying.<p>If you can’t repeal ‘em, then sabotage ‘em.<p>Advertisement<p>Advertisement<p>That’s exactly what some people say the Trump …

Health Care

Lawyer lists possible violations of Comelec's Bautista, et al

MANILA - The legal adviser of Patricia Bautista, estranged wife of poll chief Andres Bautista, believes the poll chief and his relatives committed at …

Corruption

IRS Phishing Scam Targets Tax Professionals

The Internal Revenue Service (IRS) is warning about a new email impersonation scam targeting tax professionals.<p>Cybercriminals are sending emails …

Identity Theft

Cyber crooks target tax pros, putting your data at risk

Skip in<p>x<p>Embed<p>CLOSE<p>The IRS has been making a full-court press this summer to alert tax professionals that cyber crooks are out to steal taxpayer …

Identity Theft

Rapper DMX ordered confined to home on tax fraud charges

NEW YORK — Rapper DMX was ordered confined to his suburban New York City home Friday by a judge who said he repeatedly violated bail ...

Pittsburgh

Trump’s IRS Swamp

Obama-era lawyers are still obstructing lawsuits to hold the agency accountable.<p>Donald Trump promised to drain the swamp, and here’s a seven-month progress report: The Washington bog is still as wide and fetid as ever. Consider that Mr. Trump’s Justice Department has inexplicably continued to …

Government

If the GOP whiffed on healthcare, expect the same on tax reform

After failing at their long-promised goal to repeal the taxes associated with ObamaCare, one has to wonder whether the Republican Party will succeed …

Tax Reform

Here's What Goldman Is Telling Big Money Clients About Bitcoin

Goldman Sachs Group Inc. is acknowledging that it’s getting harder for institutional investors to ignore the cryptocurrency market with total assets …

Bitcoin

Bitcoin Expert Warns Users: "The IRS Has Caught On"

The IRS is on the hunt for a big fish.<p>Over the past few years, bitcoin has made an unknown number of people very, very rich. But in the 2015 tax …

Tax Preparation

Markets Don't Work for Everything

If all we did was haggle over the price of each transaction, not much would get done.<p>My Bloomberg View colleague Tyler Cowen has a running series of blog posts bearing the title “Markets in Everything.” Plenty of other economists and writers have picked up the phrase, and with good reason -- it’s …

IRS Warns of Fake Tax Software Update Scam

Criminals are successfully targeting professional tax preparers<p>The Internal Revenue Service (IRS) along with state tax agencies issued a warning this week about a new phishing email scam that impersonates tax-software providers and attempts to steal users' usernames and passwords by tricking people …

Identity Theft

Blocking abuse of lower small business rate slows U.S. tax overhaul

WASHINGTON (Reuters) - A plan by President Donald Trump and congressional Republicans to slash taxes on so-called pass-through businesses is testing …

World Economy

The latest sneaky attempt to increase corporate political power

Three riders inside the House appropriations bill would bar federal agencies from enforcing campaign finance laws<p>“If you want to do something evil, put it inside something boring,” John Oliver said in 2014 of the tireless efforts of telecomm monopolists to get rid of net neutrality. It’s a tried …

Liberal View

What to do when an IRS letter arrives in the mail

Few things are more frightening than opening your mailbox and finding a letter from the Internal Revenue Service. You may wrack your brain wondering …

Identity Theft

Emails Show Reporters Brushed Suspicious Clinton-Lynch Tarmac Meeting Under The Rug

It has become obvious in the era of Trump that mainstream media organizations see themselves as defenders of freedom and decency against the …

Conservative View

Pot Industry Insiders On Why The IRS Is Targeting Them—And How To Avoid Business Disruption

<i>Photo by Javier Hasse.</i><p><b>This article was originally published on Benzinga, and adapted exclusively for HIGH TIMES.</b><p>According to several sources in the …

Cannabis

Many Politicians Lie. But Trump Has Elevated the Art of Fabrication.

WASHINGTON — Whit Ayres, a Republican political consultant here, likes to tell his clients that there are “three keys to credibility.”<p>“One, never defend the indefensible,” he says. “Two, never deny the undeniable. And No. 3 is: Never lie.”<p>Would that politicians took his advice.<p>Fabrications have …

Dwight D. Eisenhower

Donald Trump’s Lies Are Different

The <i>New York Times</i> writes today that presidents have been lying for a long time:One of the first modern presidents to wrestle publicly with a lie was …

Donald Trump

How to avoid family financial sabotage

Did you ever lend or give money to a family member? If so, you're like many who have responded financially to at least one request.<p>Giving to others …

Personal Finance

Swiss banks to share data with India, praises country's data security system

Switzerland found India's data security and confidentiality laws "adequate" for entering into an automatic exchange of information pact, which will …

Data Protection

Why Bitcoin Investors Must Report Gains to the IRS

As cryptocurrency comes to the forefront with more investors jumping aboard, it is important to be aware of the tax issues and how to report gains …

Cryptocurrency

Why good minute taking is key for cleaning up culture of corruption

As scandal after scandal is uncovered in SA, as we witness crisis after crisis and deepening corruption, the name of the game is blame.<p>It’s always …

Constitutional Courts

Facebook Messenger Gets AI Update and Social Influencers – Go to Camp?

Facebook Messenger isn’t quite as popular with businesses as Facebook is. But a new feature that integrates AI could make the platform a bit more …

Small Business

White House considers lower deduction for U.S. homeowners: Politico

WASHINGTON (Reuters) - The Trump administration is considering reducing the annual $1 million mortgage deduction cap for U.S. homeowners as a part of its broader tax reform, despite earlier promises to protect the tax advantage, Politico reported on Friday.<p>Politico said the popular deduction came …

Business

Obama's IRS 'misled' Obamacare customers: Audit

The Obama administration "misled" Americans into thinking signing up for Obamacare would be cheaper than it really was, according to an inspector …

Government

Nigerian man charged in US school districts phishing scam

NEW HAVEN, Conn. – A Nigerian citizen has been arrested in a phishing scheme that targeted school districts in Connecticut and Minnesota in an effort to get employees' personal information and file bogus tax returns, federal authorities said Friday.<p>Daniel Adekunle Ojo was arrested Thursday on fraud …

School Districts

LaPlace tax preparer admits fraud, owes $6.9 million to IRS | NOLA.com

A LaPlace woman faces 12 years in prison after admitting to preparing and filing $6.9 million in fraudulent tax returns, according to U.S. Department …

Fraud