[ad_1] In recent months, the world’s new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionaire Ambitions Report. It marked the first time…
Tag: Government taxation and revenue
Judge lifts Trump gag order in $250 million New York business fraud case
[ad_1] Former U.S. President Donald Trump is questioned by Judge Arthur F. Engoron before being fined $10,000 for violating a gag order for a second time, during the Trump Organization…
Judge fines Trump $5,000 for gag order violation after threatening him with jail time
[ad_1] Former U.S. President Donald Trump attends his Manhattan courthouse trial in a civil fraud case in New York, U.S., October 18, 2023. Brendan Mcdermid | Reuters A New York…
House Republicans push IRS for answers on processing pause for small business tax credit
[ad_1] House Republicans are pressing the IRS for answers after the agency paused processing new claims for a pandemic-era small business tax break. Lawmakers voiced “continued concerns” about the employee retention…
IRS to target ‘unscrupulous’ tax preparers amid crackdown of small business tax credit
[ad_1] The IRS has unveiled plans to crack down on tax preparers with “questionable practices.” This news comes amid heightened scrutiny of a popular small business tax credit. The agency’s…
Here’s what tax pros recommend after the IRS halts processing for small business tax credit
[ad_1] As the IRS pauses on processing new claims for the employee retention tax credit, or ERC, some small businesses are in limbo. The agency is working on further guidance on how…
IRS halts processing of a small business tax break amid ‘surge of questionable claims’
[ad_1] IRS Commissioner Danny Werfel ordered the agency to immediately stop processing new claims for the employee retention credit. The ERC, which was created to support small businesses during the Covid-19…
Trump Organization monitor flags ‘incomplete,’ ‘inconsistent’ financial disclosures
[ad_1] The independent financial monitor for the Trump Organization told a New York judge she had identified issues of incompleteness and inconsistency in certain disclosures to lenders and others by…