A report states that the IRS has reduced its number of tax auditors by nearly one-third following two months of budget cuts.
IRS Auditor Departures Raise Concerns A recent report from a U.S. Treasury Department watchdog has revealed that nearly a third of tax auditors left their positions through March, largely influenced by the Trump administration’s overhaul of the IRS workforce. The initiative, led by Elon Musk’s government efficiency program, aimed to streamline the federal workforce via […]
Most Likely Voters Prefer to Continue Trump’s Tax Cuts
It seems that most US voters are in favor of extending President Donald Trump’s tax cuts from 2017, according to a recent public opinion survey. The poll presented a question to participants: “As you may know, the tax cuts from President Trump in 2017 will end in 2025 if neither the president nor Congress chooses […]
Hollywood Worried After Trump Suggests 100% Tax on Films Made Outside the U.S.
President Donald Trump has addressed the trend of film production moving abroad by suggesting imposing 100% tariffs on many movies produced outside the US, particularly impacting Hollywood. For over a decade, the film industry has gradually been shifting away from Hollywood to cities in Georgia, Louisiana, New Mexico, New York, and Chicago. Filmmakers are increasingly […]
Hawaii might increase its tax on visitors and vacationers to support a climate change fund.
Hawaii’s Senate Approves New Tourism Tax Bill The Senate in Hawaii has recently passed a new bill aimed at increasing tourism taxes, described as a measure to “reduce climate change.” The legislation, known as Senate Bill 1396, proposes raising hotel tourism taxes to 11% starting January 1st, with a subsequent increase to 12% the following […]
Over 80% of voters are in favor of maintaining Trump’s 2017 tax cuts, according to a survey.
A recent poll indicates that more than 80% of voters are hopeful for an extension of President Trump’s 2017 tax cuts before they potentially expire at the year’s end. This sentiment is fueling efforts to finalize legislation that would make the cuts permanent. A survey obtained exclusively reveals that if 84% of U.S. voters were […]
UK offshore tax havens fail to meet transparency deadline
The offshore territories of the UK have failed to meet the deadline for publishing plans aimed at enhancing corporate transparency. This comes on the heels of criticism aimed at the British Virgin Islands (BVI) for introducing a cartoon character intended to combat financial crime, all while new laws remain unpassed. Last year, regions such as […]
Arizona man receives 4-year prison sentence for fraudulent tax returns and COVID-19 applications – The Arizona Republic
An Arizona man from Cochise County has been sentenced to three years of supervised release following a four-year prison term after submitting a false tax return and loan application to receive Covid-19 relief funds, according to the U.S. Department of Justice. Roy Lane, 44, was indicted on two counts of wire fraud and one count […]
Let’s ensure ‘No Tax on Tips’ is fair for every worker who relies on tips
President Donald Trump’s suggestion to exempt tips from taxes struck a chord with many last year. It’s a relatable idea, especially for those grappling with rising expenses and trying to get ahead. However, as Congress considers this proposal, there’s a significant group that could be overlooked. Millions of daily tips are earned by workers who […]
Pro-Trump group aims at House Democrats, including New York officials, opposing tax cuts
A Pro-Trump organization is running advertisements in ten battleground districts held by Democrats across the U.S., including those represented by Laura Gillen from Long Island and Josh Riley from the Hudson Valley. One of the radio ads states, “Did you notice Rep. Laura Gillen voted to raise taxes by $4 trillion?” This initiative is funded […]
Is Your Social Security Payment in Danger? Bessent Hints at Tax Changes That May Affect Retirees – LKO Uniexam.in
Are your Social Security Checks in danger? In 2025, Treasury Secretary Scott Bessent proposed an ambitious plan to change how Social Security benefits are taxed. This initiative could greatly affect millions of retirees. His aim is to eliminate federal income tax on Social Security benefits, which has stirred a mix of optimism and concern. While […]