The Internal Revenue Service (IRS) has released a list of the "Dirty Dozen" scams that taxpayers should be aware of. The IRS published the list along with a warning to taxpayers and businesses about the latest tax scams. The agency warns that unscrupulous promoters are falsely advertising the availability of…

Democrat Rep. Daniel Goldman (D-NY) has been caught with over $30 million in private nonprofit funds stashed in an offshore Cayman Islands tax haven account. Goldman's organization reported investments worth $32.2 million that are being held in the Cayman Islands, a popular tax haven for wealthy investors and hedge funds.…

President Joe Biden urged billionaires and corporations to “pay their fair share” during his State of the Union address on Tuesday night. In his second SOTU speech, Biden repeated the administration’s concept of “reward work, not just wealth.” The president proposed instituting a minimum tax on billionaires and quadrupling…
Those who want their refunds back as quickly as possible should file electronically and ask for a refund via direct deposit to their accounts, according to tax attorneys and accountants. “If at all possible, file electronically, and request that you receive your refund by direct deposit,” tax attorney Adam Brewer…

Florida's Republican Governor Ron DeSantis is proposing a permanent sales tax holiday on gas stoves and baby formula. DeSantis unveiled his $114.8 billion budget proposal on Wednesday. It includes permanent sales tax exemptions on all baby necessities like strollers and formula, pet meds, and even the embattled gas stove. The…

House Republicans are preparing to vote on a bill that would eliminate income tax and abolish the Internal Revenue Service (IRS). The House will be voting on Republican Rep. Buddy Carter's (R-GA) reintroduced Fair Tax Act. The legislation seeks to reel in the IRS and remove the national income tax,…

Dallas Mavericks owner Mark Cuban has reached his limit with Democrat Senator Elizabeth Warren (D-MA), warning that she's "everything that's wrong with politics." The billionaire blasted Warren during an appearance today at Vox Media’s Code Conference in Los Angeles. "I don’t mind being taxed more," Cuban said. "I wrote a…

A federal judge has revealed that FBI agents seized President Donald Trump's medical records and tax documents during the raid on his Mar-a-Lago home last month. On Monday, U.S. District Judge from the Southern District of Florida Judge Aileen M. Cannon ordered that an independent special master be appointed to review Trump’s…