July 7, 2022 The State of Georgia’s June net tax collections totaled $2.85 billion for an increase of $354.2 million, or 14.2 percent, compared to June 2021 period, when net tax collections totaled $2.50 billion as of June 30, 2021. For the year-ended June 30,...
July 6, 2022 Mark your calendars! It’s time to get ready to save, with three sales tax holidays in 2022. The Tennessee General Assembly approved two additional one-time holidays this year, in addition to the traditional sales tax holiday that takes place each...
July 6, 2022 oming off the greatest year of revenue collections in state history, Gov. Jim Justice announced today that he is proposing a permanent 10% cut of the personal income tax. Under the Governor’s proposal, the 10% tax cut will be retroactive to the beginning...
Wednesday, July 6, 2022 Claimed Fraudulent Deductions on Returns and Submitted Fabricated Documents to IRS A former IRS employee was sentenced to 13 months in prison today following a guilty plea in March in which he admitted to filing false tax returns and providing...
On April 22, the Indiana General Assembly did not adopt certain provisions of the current Internal Revenue Code and Governor Eric Holcomb signed this into law on April 29. As a result, Indiana taxpayers cannot use the federal unemployment compensation exclusion on...
Rate decreases for the second time since 2008 July 1, 2022 The Kentucky Department of Revenue (DOR) has set the 2022 State Real Property Tax Rate at 11.5 cents per $100 of assessed value. Kentucky Revised Statute 132.020 requires DOR to set the real property rate no...
Friday, July 1, 2022 Joseph Smith, 57, formerly of Fishkill, New York, was sentenced to three years and six months in prison, three years of supervised release, and ordered to pay $2,100,450 in restitution by U.S. District Court Judge Gerald J. Pappert for his scheme...
July 1, 2022 Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.68 billion in June, 16.4 percent more than in June 2021. The majority of June sales tax revenue is based on sales made in May and remitted to the agency in June. As a result of a...
Thursday, June 30, 2022 A Utah professional tax preparer pleaded guilty today to tax evasion, conspiring to defraud the United States and obstructing the IRS’s efforts to collect his personal tax debt. According to court documents, Sergio Sosa, of Orem, owned and...
June 29, 2022 The owner of a commercial and residential paving business in Hanover was sentenced today for a tax evasion scheme in which he failed to report nearly $1.7 million in income. William E. Dyer was sentenced by U.S. Senior District Court Judge William G....