Ohio Congressman proposes legislation for federal tax payments in bitcoin.
New Bill Proposed to Allow Bitcoin Tax Payments A Republican congressman has put forward a bill aiming to let individuals and companies pay their taxes using Bitcoin. The proposed legislation seeks to create a federal cryptocurrency reserve by channeling Bitcoin funds into the U.S. Strategic Bitcoin Reserve. This move would also alleviate capital gains tax […]
Somali terror group Al-Shabaab is benefiting from stolen tax money in Minnesota.
A recent report suggests that millions of taxpayer dollars lost to extensive welfare fraud in Minnesota might have ended up in the hands of al-Shabab, a terrorist group based in Somalia. This organization, aligned with al-Qaeda, poses a significant threat to U.S. interests and is said to have potentially received funds stolen in various scams […]
West Tisbury increases tax exemption to support homeownership
West Tisbury Implements Resident Tax Exemption The Town of West Tisbury is moving to ease the tax burden on its year-round residents by shifting some of it onto seasonal residents. This change comes in response to ongoing housing challenges faced by locals on the island. During a recent meeting, the Board of Selectmen approved a […]
Treasury Department Introduces Regulation to Stop Unauthorized Immigrants from Obtaining Income Tax Credits
Treasury Department to Restrict Tax Credits for Undocumented Immigrants The Treasury Department, under President Trump’s directive, intends to introduce new regulations preventing undocumented immigrants and foreign nationals from obtaining significant earned income tax credits like the Earned Income Tax Credit and the Supplemental Child Tax Credit, as reported by Breitbart News. In a statement on […]
Teaneck Tax Preparer Convicted in $170 Million COVID Tax Refund Fraud
New Jersey Tax Official Convicted for Fraudulently Securing COVID-19 Tax Refunds A federal jury has found a New Jersey tax official guilty of orchestrating a scheme that defrauded the IRS out of over $170 million through fraudulent COVID-19 tax refunds, as announced by Acting U.S. Attorney Alina Haba. Leon Haynes, 52, from Teaneck, faces multiple […]
Ways to lower your home’s value and steer clear of the ‘mansion tax’
Ah, so you’re a child of the ’90s who used to dream of living in a place like that. With a glamorous pool and an extravagant chandelier to boot, it seemed within reach, right? But now, with the looming tax increases hinted at in the Budget on November 26, it seems like people are leaning […]
Ohio Senate includes $400 million for homeowner assistance as property tax legislation awaits governor’s approval
Ohio Homeowners to See Reduced Property Taxes In Columbus, Ohio, homeowners are set to benefit from new changes to property tax laws that will soon be presented to the governor. Recently added to House Bill 186, the amendment aims to extend the owner-occupancy tax credit over the next four years. This is expected to provide […]
Ray County woman receives tax relief after being taxed for a non-existent basement.
Property Tax Relief for Teresa Blakeman Teresa Blakeman is set to receive some much-needed property tax relief after being taxed for nearly two decades on a basement she never actually owned. This situation came to light when Blakeman was in the process of purchasing home insurance. She discovered an error in her property tax assessment […]
New inheritance tax regulations might harm businesses, entrepreneur warns.
Concerns Over New Inheritance Tax Rules for Family Businesses A significant shift in inheritance tax regulations is raising alarms for family-owned businesses. Entrepreneur Alex Robben, who founded Wrexham’s Net World Sports, expressed his worries about the company’s potential liabilities from reforms that could reach the “tens of millions of dollars.” He termed these impending changes […]
Wisconsin family prepares for the impact of losing ACA tax credits
Wisconsin Woman Prepares for Loss of Affordable Care Act Tax Credits MADISON, Wis. — A woman from Wisconsin, who relies on health insurance provided by the Affordable Care Act, is bracing for the expiration of her tax credits next year. “This is going to hurt our family,” Shana Verstegen, a fitness instructor and mother from […]