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I.R.S. Extends Freeze of Pandemic-Era Tax Credit Amid Widespread Fraud
Posted inCoronavirus (2019-nCoV) Federal Aid (US) Internal Revenue Service Tax Credits, Deductions and Exemptions Tax Evasion Werfel, Daniel I

I.R.S. Extends Freeze of Pandemic-Era Tax Credit Amid Widespread Fraud

An internal analysis conducted by the agency found that up to 90 percent of claims are potentially fraudulent.
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Posted by By Alan Rappeport
U.S. Debt on Pace to Top $56 Trillion Over Next 10 Years
Posted inCongressional Budget Office Federal Budget (US) National Debt (US) Politics and Government Tax Cuts and Jobs Act (2017) Tax Evasion United States Economy United States Politics and Government

U.S. Debt on Pace to Top $56 Trillion Over Next 10 Years

Congressional Budget Office projections released on Tuesday show a grim fiscal backdrop ahead of tax and debt limit fights.
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Posted by By Alan Rappeport
MicroStrategy and Its Founder to Pay $40 Million in Tax Fraud Lawsuit
Posted inAttorneys General Compensation for Damages (Law) High Net Worth Individuals Income Tax MicroStrategy Inc Schwalb, Brian L Suits and Litigation (Civil) Tax Evasion Taxation Whistle-Blowers

MicroStrategy and Its Founder to Pay $40 Million in Tax Fraud Lawsuit

Michael Saylor did not pay any income taxes to Washington despite living there from 2005 through 2020, the attorney general for the District of Columbia said.
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Posted by By Lauren Hirsch
MicroStrategy’s CEO Reaches a Big Tax Settlement
Posted ininternal-storyline-no MicroStrategy Inc Saylor, Michael Tax Evasion Virtual Currency

MicroStrategy’s CEO Reaches a Big Tax Settlement

The technology company MicroStrategy and its founder, Michael Saylor, agreed to a $40 million deal to end a lawsuit accusing him of evading income tax.
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Posted by By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

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