Tax
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Car miniature, “Electric vechicles (EVs)” words, U.S. and Chinese flags are seen in this illustration taken, September 26, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights WASHINGTON . . .
Six years ago, an executive from Suniva, a bankrupt solar panel manufacturer, warned a packed hearing room in Washington that competition from companies in China and Southeast Asia was causing a “blood bath” in his industry. More than 30 U.S.-based solar companies had been forced to shut down in the previous five years alone, he […]
WASHINGTON – A U.S. businessman pleaded guilty today to evading his federal income taxes. Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Matthew M. Graves for the District of Columbia made the announcement. According to court documents and statements […]
A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing Rights WASHINGTON . . .
WASHINGTON, D.C. (September 6, 2023) – Congresswoman Alma S. Adams, Ph.D. (NC-12) and U.S. Representatives Dan Kildee (MI-08) and Bobby Scott (VA-03) today introduced the Family Farmer and Rancher Tax Fairness Act of 2023, legislation that would remove the tax liability for distressed farmers on the assistance provided under Sections 22006 and 22007 of the […]
An anonymous reader shares The Hill’s report from earlier this month. Apparently America’s tax-collecting Internal Revenue Service “cannot locate thousands of microfilm cartridges containing millions of sensitive individual and business tax account records, according to a watchdog report.” The Treasury Inspector General for Tax Administration said in a report released August 8 that the IRS […]
Tampa, Florida – U.S. Attorney Roger B. Handberg announces that Adetunji Adejumo and Ibrahim Jinadu have pleaded guilty to conspiracy to commit wire fraud relating to their roles in a transnational tax fraud scheme. Each faces a maximum penalty of 20 years in federal prison. A third conspirator, Olufemi Odedeyi, of London, United Kingdom, remains […]
WASHINGTON, June 9 (Reuters) – Republicans in the U.S. House of Representatives on Friday unveiled a series of new tax breaks aimed at businesses and families while proposing to reverse some of President Joe Biden’s legislative victories, including credits to spur the sale of clean-burning electric vehicles. Three related bills were introduced on Friday with […]
What Is the Black Tax? The Black tax refers to the financial burden borne by Black people who have achieved a level of success and who provide support to less financially secure family members. These monetary transfers are generally made between middle class and well-to-do Black people and relatives who are struggling to make ends […]
The entry-level version starts effectively at under $35,000. Jun 03, 2023 at 9:41am ET Tesla has just applied a pretty groundbreaking update to its online Model 3 design studio, revealing that all versions of the car qualify for the full $7,500 federal tax credit in the United States. Previously (since April 18, 2023), only the […]