More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of…
Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah
A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits…
Here’s why the minimum wage and some tax breaks don’t budge despite inflation
Many Americans are likely familiar with financial thresholds that are adjusted for inflation each year. They include contribution limits to…
Hunter Biden loses appeal bid to dismiss criminal gun case in Delaware before trial
A federal appeals court on Thursday rejected a request by Hunter Biden to toss the pending criminal gun case against…
New York tax preparer charged with causing more than $100 million in losses from fraudulent returns
A New York tax preparer was arrested Monday on charges related to causing “substantially” more than $100 million in tax…
90% of qualifying electric-vehicle buyers opt for $7,500 ‘new clean vehicle’ tax credit as upfront payment, Treasury says
The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the…
New ETF looks to profit from municipal bonds
A new ETF is trying to capture profits in the municipal funds space. BondBloxx’s Joanna Gallegos is behind the IR+M…
Prison inmate led scheme swindling U.S. out of $550 million in Covid tax credits, feds say
A California prison inmate locked up on a gang-related murder conviction led a scheme that defrauded the U.S. government out…
Does the tax on your year-end bonus check seem high? Here’s why
Does your year-end bonus look smaller than expected? Tax withholding is a likely culprit, but Uncle Sam may pay some…
Swiss bank Banque Pictet admits hiding $5.6 billion of Americans’ money from IRS
A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal…
