IRS loses almost a third of its tax auditors due to budget cuts, watchdog report reveals
On February 20, 2025, a traffic light outside the U.S. Internal Revenue Service (IRS) building in Washington, D.C. changed to red. The IRS has seen a significant loss of tax auditors, with a report from a watchdog revealing a decline in government efficiency linked to Elon Musk. By March 2025, the number of employees had […]
Five Republicans from blue states prepared to block tax legislation due to state and local deductions.
A group of five Republicans from suburban districts is distinguishing itself from larger factions within the party that support increasing the controversial state and local tax (SALT) credit limits. These lawmakers are ready to collectively oppose a significant tax and spending reduction package central to President Trump’s agenda unless they receive the salary increase they’re […]
Vermont House approves tax credit proposal
MONTPERIA, Va. – A significant number of Vermonters have successfully reduced their income taxes following the approval of a bill in the House on Tuesday. For years, discussions have been ongoing regarding tax reductions for military retirees. This bill reached a compromise that, while limiting certain benefits, broadens child tax credits for additional families, enhances […]
Broward tax preparer instructed to shut down operations and prohibited from preparing returns.
A Broward County tax return preparer has been ordered to shut down his business and is banned for life from preparing or filing federal tax returns following a civil suit by the U.S. Department of Justice. Sunil Ramchandani, who operated AHS Income Tax Services in Cooper City, reportedly made errors in a significant number of […]
Accountant in New Jersey allegedly submitted 177 fake tax returns for clients, according to federal authorities.
A woman from Bergen County has been sentenced to three years in prison and ordered to repay over $1 million after she confessed to submitting 177 fraudulent tax returns for a client, according to the U.S. Attorney’s Office. Josh Lynley, 49, from Elmwood Park, had earlier pleaded guilty to assisting in the preparation of false […]
Better Films Are the Key to Hollywood’s Revival — Not Tariffs or Tax Reductions
Hollywood faces a range of issues, from taxes and outsourcing to streaming and the impact of Covid. Many attribute these troubles to various factors, but some solutions have been overlooked, partly thanks to former President Trump and John Voight, an Oscar-winning actor. While things seem to be moving forward, a major challenge in the film […]
Newsom Worried About Trump’s Hollywood Tariff; Requests Tax Credits Instead
California Governor Gavin Newsom responded Monday night to President Donald Trump’s suggestion of a 100% tariff on films produced outside the United States, instead proposing a $7.5 billion tax credit to support the industry. Trump’s tariff proposal surfaced on Sunday as a strategy to bring Hollywood production back to the U.S., particularly after many filmmakers […]
How are tax returns shaping up in the 2025 filing season?
New data from the Internal Revenue Service (IRS) indicates that the average tax refund has grown over the past year. For the 2024 tax season, which wrapped up on April 25, the average refund rose by 3.3%, increasing from $2,852 to $2,945. In contrast, the total amount of refunds climbed more modestly, up 2% from […]
ATO cautions about ‘immediate’ $1,000 deduction due to tax rule updates – Yahoo
Australian taxpayers have been advised to keep their receipts for work-related purchases, even though there’s a new proposal that could allow for up to a $1,000 automatic deduction without needing any documentation. Prime Minister Anthony Albanese’s plan aims to simplify tax processes, raising the current deduction limit of $300 significantly. While this could streamline things, […]
Wes Streeting: I will support the tax increases that are financing 8.3 million GP appointments
Streeting to Defend Tax Increase Amid Healthcare Investment Plans Wes Streeting is set to start advocating for the party’s tax increase on Tuesday, emphasizing the appointment of 8.3 million GPs to “end the 8 am scramble.” He argues that investment is unattainable without raising national insurance funds. The health secretary, known for his strong stance […]