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#Tax Return

WMDT.com

Del. man sentenced for stealing more than $3.25 million worth of goods from FedEx shipments and tax evasion

BALTIMORE, Md. – A Delaware man will spend nearly four years behind bars for tax evasion and interstate transportation of stolen goods. 45-year-old Joseph Kukta of Laurel, Delaware, has been sentenced to a total of 42 months in federal prison, followed by three years of supervised release in connection with his theft and resale of merchandise being shipped through a commercial mail service. The judge also ordered Kukta to pay just over $1.1 million in restitution and forfeiture of over $1.8 million.
DELAWARE STATE
Picture for Del. man sentenced for stealing more than $3.25 million worth of goods from FedEx shipments and tax evasion

Biden’s Bank Reporting Regime Would Help Close Tax Gap, But At What Cost?

IRS Commissioner Charles Rettig infamously testified before Congress in April of this year that the estimated tax gap - meaning the difference between taxes due and owing by U.S. taxpayers each year and the taxes actually reported as due and collected - could be as much as $1 trillion each year. According to Senator Ron Wyden D-Ore, “cheating by those at the top” is the primary reason for this incredibly large tax gap. How do those “at the top” manage to get away with this? Because the IRS is “completely outgunned” and the wealthiest taxpayers are able to obfuscate their income by using opaque income structures and hide income through partnerships and other complicated structures, says Wyden. To address this problem, the Biden Administration and Senators Wyden and Elizabeth Warren D-Mass are proposing a requirement for banks to report the total amount deposited and the total amount withdrawn in a domestic bank account over the course of a year.
INCOME TAX
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TRENDING TOPICS

McAuliffe, Youngkin now mum on tax return disclosures

RICHMOND, Va. (AP) — The leading candidates for Virginia governor have gone quiet on commitments both previously made to disclose at least some information from recent tax returns before the Nov. 2 election. Neither the campaign of Democrat Terry McAuliffe nor that of Republican Glenn Youngkin has responded to recent...
INCOME TAX
thenationalherald.com

Greeks Abroad Can Begin Registering in Electoral Lists Online

ATHENS -- Greeks who reside abroad but have lived in Greece for two years in the last 35 years can register in special electoral lists via an online platform activated recently, the Interior Ministry said on Wednesday. With its new information campaign underway in digital and print media abroad, the...
ELECTIONS
msn.com

Didn’t get your child tax credit payment? Here’s what to do

Friday was supposed to be the fourth of six Child Tax Credit payments under President Biden’s American Rescue Plan, but many families discovered the deposits never showed up. “Some people got theirs and some people still ain’t got it,” Calais Washington said, after approaching a Channel 9 crew that was...
PERSONAL FINANCE
Inside Indiana Business

IRS Awards $41M in Tax Prep Grants

WASHINGTON, D.C. - The Internal Revenue Service has awarded more than $41 million in grants to eight Indiana organizations. The funding will support the recipients' efforts to provide free federal tax return preparation to Hoosiers. The grants are being awarded through the Tax Counseling for the Elderly program, which provides...
INCOME TAX
radio731.com

Free Webinar on Completing Your Sales Tax Return

NASHVILLE – Join the Department of Revenue on October 26 at 9 am Central time for its latest free tax webinar covering how to file your Tennessee sales tax return. You can register for the webinar here. Participants will learn how to prepare and file a Tennessee sales tax return....
TENNESSEE STATE
captainaltcoin.com

Crypto.com Tax Tool Review [2022] – Free Tax Calculator by Crypto.com

Crypto.com is a payment and cryptocurrency platform with a whole ecosystem of different products and services. It is constantly expanding its variety of services and of the most recent ones, established back in the spring of 2021, is their tax tool. This is still a relatively new feature on crypto.com, however it has already shown that it is pretty great actually.
TECHNOLOGY
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