United States Department of the Treasury & Violation of law
United States federal executive department
U.S., China to Cooperate in the Fight Against Dirty Money: The U.S. and Chinese governments have started working together to fight money laundering in their ...
wsj.com/articles/u-s-china-to-cooperate-in-the-fight-against-dirty-money-1edb9a25
Quick Glance: U.S., China Collaborate Against Money Laundering
- The U.S. and Chinese governments are working together to combat money laundering in their financial systems.
- A new agreement allows officials from both countries to meet regularly and share information on enforcement actions.
- The goal is to close financial system loopholes by sharing best practices.
- The agreement was established during the visit of U.S. Treasury Secretary Janet Yellen to China.
IRS targets 'ghost employers': The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay ...
accountingtoday.com/news/irs-targets-ghost-employers
US sanctions target Hamas spokesperson, drone program leaders: The United States on Friday issued sanctions aimed at a Hamas spokesperson and leaders of the ...
reuters.com/world/middle-east/us-sanctions-target-hamas-spokesperson-drone-program-leaders-2024-04-12/
IRS Warns Small Businesses of COVID Tax Credit Scam: The IRS is warning small businesses about scams to apply for COVID-19 tax credits for which they are not ...
smallbiztrends.com/irs-warns-small-businesses-of-covid-tax-credit-scam/
Massachusetts IRS agent charged with filing false tax returns for 3 years: Ndeye Amy Thioub, 67, was charged with filing false tax returns and filing false tax ...
usatoday.com/story/news/nation/2024/04/17/massachusetts-irs-agent-charged-tax-fraud/73363438007/
Regulators probe Morgan Stanley's vetting process for wealthy clients: One client includes a Russian-linked billionaire who was sanctioned by the UK ...
businessinsider.com/morgan-stanley-sec-probe-wealth-management-billionaire-russia-2024-4
How to file your tax returns: 6 things you should know this year: For something that's legally required, taxes can be confusing. This guide covers the latest ...
npr.org/2023/02/22/1158816222/how-to-prepare-for-tax-season
Quick Glance: Gender Pay Gap in UK Supermarkets and Income Impact
- UK supermarkets are closing gender pay gap, with Morrisons experiencing a rise.
- Ocado and Lidl show the most improvements, while Morrisons has the largest gap.
- Hourly pay differences are reported by government service.
- Equality initiatives and workplace improvements at M&S and Co-op.
People are getting taxed for gig work they've never done: Uber and DoorDash have been sending tax forms to people who have never worked for the gig delivery ...
businessinsider.com/people-getting-taxed-for-gig-work-never-done-doordash-uber-2024-4
US expects to hit Iran with new sanctions ‘in the coming days’ — Yellen: Yellen said Iran’s oil exports “remain in focus as a possible area” ...
saudigazette.com.sa/article/642145
US Tax Refunds Decline 3.3% This Year in Run-Up to Deadline: Fewer US taxpayers have received a refund this year in the run-up to tax day compared to 2023 ...
bloomberg.com/news/articles/2024-04-15/us-tax-refunds-decline-3-3-this-year-in-run-up-to-deadline
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Janet Yellen's China Talks Were Worthy Attempt at Detente: Although renewed US-China dialogue may look like talks for the sake of talking ...
bloomberg.com/opinion/articles/2024-04-08/janet-yellen-s-china-talks-were-worthy-attempt-at-detente
Four big tax myths flying around on TikTok: ‘Anyone who follows this is in for a world of hurt’
theguardian.com/money/2024/apr/11/taxes-tiktok-myths-accountants
Uncertainty surrounds CTA — for accountants and small biz: Ongoing court cases and questions about whether accountants can actually work on BOI reporting make ...
accountingtoday.com/news/uncertainty-surrounds-the-corporate-transparency-act-for-accountants-and-small-biz
U.S. targets ultranationalist Israeli minister confidant in new round of sanctions
axios.com/2024/04/19/us-third-round-sanctions-settlers-occupied-west-bank
Children of Todd, Julie Chrisley hope court hearing is step toward bringing convicted TV reality stars home
nypost.com/2024/04/19/entertainment/children-of-todd-julie-chrisley-hope-court-hearing-is-step-toward-bringing-convicted-tv-reality-stars-home/
IRS Cautions Tax Professionals About Increased Spearphishing Scams: As the IRS warns of increased spearphishing attacks targeting tax professionals ...
smallbiztrends.com/irs-cautions-tax-professionals-about-increased-spearphishing-scams/
Ohtani's translator charged with stealing $16M for 19,000 bets: The alleged bookmaker is under criminal investigation by the IRS as well.
accountingtoday.com/articles/ohtani-translator-charged-with-stealing-millions-for-19-000-bets
Quick Glance: Ippei Mizuhara Remains Free Despite Bank Fraud Charges on $25,000 Bond
- Former interpreter for baseball star Shohei Ohtani from the Los Angeles Dodgers surrendered to authorities and later appeared before the U.S. District Court.
- Ippei Mizuhara turned himself in on Friday and was subsequently released on an unsecured $25,000 bond, commonly referred to as a signature bond. This arrangement allowed Mizuhara to secure his release without needing to provide any cash or collateral.
- United States Magistrate Judge Maria A. Audero also stipulated that Mizuhara must undergo treatment for his gambling addiction related to the sports betting scandal. Prosecutors alleged that he exploited his personal and professional connection with Ohtani to steal over $16 million from the player's bank account by occasionally posing as Ohtani to bankers to cover his gambling expenses.
- On Friday, Mizuhara only responded to the judge's inquiries by answering 'yes' when Audero asked him if he comprehended various aspects of the case and his bond conditions.
IRS Warns Small Businesses of COVID Tax Credit Scam: The IRS is warning small businesses about scams to apply for COVID-19 tax credits for which they are not ...
smallbiztrends.com/irs-warns-small-businesses-of-covid-tax-credit-scam/
TSA agent charged with stealing $22K check mailed to NYC defense lawyer: TSA agent Diamondique Richardson and an accomplice, Cinque Lipscomb ...
nydailynews.com/2024/04/16/tsa-agent-charged-with-stealing-22k-check-mailed-to-nyc-defense-lawyer/
Retirees Face Significant Tax Bills Due to Fraud: A new report sheds light on how older adult scam victims end up with big tax bills and lost retirement savings.
kiplinger.com/taxes/retirees-face-tax-bills-due-to-theft-losses
The U.S. Department of the Treasury has recently imposed economic sanctions on Abu Ubaida, the spokesman for Al-Qassam Brigades, Hamas's military wing ... Show more #USA #USSanctions #AbuUbaida #USTreasury #Hamas #AlQassam #Property #Travel #Maldives #Media #Ridicule #EconomicBan #Zionism
IRS investigation chief expects uptick in crypto tax evasion this year: IRS criminal investigation chief Guy Ficco said his agency has grown more aggressive in ...
cointelegraph.com/news/irs-crypto-taxes-criminal-investigation-chief-tax-evasion
Former Treasury official: To stop tax cheats, modernize the IRS | Opinion: Enforcement should transcend partisan politics.
nj.com/opinion/2024/04/former-treasury-official-to-stop-tax-cheats-modernize-the-irs-opinion.html
Houston IRS Office closes after fight between waiting taxpayers: Houston police were called to the local IRS office in Alliance Tower Saturday morning after ...
houstonchronicle.com/news/houston-texas/trending/article/houston-irs-office-monitored-police-amid-reports-19401418.php
Brazil Clamps Down on PCC’s Money Laundering Maze: On Tuesday, Brazil's IRS, the Receita Federal, launched 21 audits against those linked to laundering ...
riotimesonline.com/brazil-clamps-down-on-pccs-money-laundering-maze/
Todd Chrisley slandered Georgia tax investigator, jury finds: Embattled former reality television star Todd Chrisley has to pay $755,000 to a Georgia Department ...
ajc.com/news/atlanta-news/todd-chrisley-slandered-georgia-tax-investigator-jury-finds/KT34YU4VXNDURF6LY4KZU63DJA/
New data shows IRS’s 10-year struggle to investigate tax crimes - ICIJ: The number of cases the wider U.S. tax agency refers to its criminal unit has plummeted.
icij.org/inside-icij/2024/03/new-data-shows-irss-10-year-struggle-to-investigate-tax-crimes/
Quick Glance: IRS's Struggle with Tax Crimes Over a Decade
- In the past fiscal year, the civil IRS referred only 157 tax cases for criminal investigation - from more than 200 million tax forms filed annually, as shown by new federal data.
- There has been a significant decrease in the possible tax crimes identified by civil investigators of the IRS over the past 10 years.
- In early 2022, Congress granted the IRS an additional $80 billion to staff up the agencies that audit millionaires, billionaires, and large corporations.
- Experts widely agree that the efforts to overhaul the IRS will take years, including the hiring and training of thousands of new officers and modernizing its sprawling data systems.
AI Is Making Financial Fraud Easier and More Sophisticated, US Treasury Warns: Artificial intelligence is making it easier for fraudsters to carry out more ...
bloomberg.com/news/articles/2024-03-27/impersonation-phishing-getting-trickier-with-ai-treasury-warns
Paid articlePaid Corporate Transparency Act creates uncertainty in administering bankruptcy cases: Schuyler G. Carroll, Bethany D. Simmons and Noah Weingarten of Loeb & Loeb LLP ...
reuters.com/legal/litigation/corporate-transparency-act-creates-uncertainty-administering-bankruptcy-cases-2024-04-02/
New U.S. Sanctions Target Syrian Captagon Traffickers: Organized Crime and Corruption Reporting Project
occrp.org/en/daily/18605-new-u-s-sanctions-target-syrian-captagon-traffickers
Corporate Transparency Ruling Complicates Campaign to Register Business Owners: The Treasury Department says it will continue to collect ownership information as ...
wsj.com/articles/corporate-transparency-ruling-complicates-campaign-to-register-business-owners-87ade241
Tax Season Is Underway. Here Are Some Tips to Navigate It: For many Americans, filing tax returns can be a daunting task. Here's everything you need to know.
time.com/6958307/tax-season-tips-us/
IRS investigating almost $9B in pandemic fraud: The agency has indicted almost 800 people for COVID fraud, and has a 98.5% conviction rate.
accountingtoday.com/news/irs-investigating-almost-9b-in-covid-pandemic-fraud
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OC bookie at center of gambling scandal thought link to Ohtani would help business
ocregister.com/2024/03/27/bookie-at-center-of-gambling-scandal-thought-link-to-ohtani-would-help-business/
Treasury Secretary Janet Yellen arrives in China to talk trade, green technology tensions
pbs.org/newshour/politics/treasury-secretary-janet-yellen-arrives-in-china-to-talk-trade-green-technology-tensions
Arvind Kejriwal's wife and a former IRS officer, Sunita Kejriwal, today read out a message from the Delhi Chief Minister who has been arrested in a corruption ... Show more
FTX Creditor Platform Buys $60 Million in Bankruptcy Claims: When FTX collapsed in Nov. 2022, Louis d’Origny was just one of more than a million customers who ...
bloomberg.com/news/articles/2024-03-21/platform-built-by-former-ftx-exec-snaps-up-60-million-in-claims
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Hunter Biden tax case: Lawyers to ask L.A. judge to drop charges: The president's son has asked a federal judge to dismiss a nine-count indictment for alleged ...
latimes.com/california/story/2024-03-27/hunter-bidens-lawyers-ask-judge-to-dismiss-tax-charges-citing-vindictive-prosecution
Quick Glance: Hunter Biden to Challenge Tax Charges as Politically Motivated
- Hunter Biden, son of U.S. President Joe Biden, unexpectedly appears at a House Oversight Committee meeting to vote on contempt of Congress charges.
- A U.S. judge expresses skepticism towards Hunter Biden's attempt to dismiss his tax evasion case on the grounds of political targeting.
- The judge questions the evidence of political pressure and doubts the influence of two IRS agents on the prosecution's decision.
- Hunter Biden pleads not guilty to tax evasion charges and faces two separate criminal cases, one involving alleged illegal gun purchase while using drugs.
IRS Warns Taxpayers Over Online Accounts: Scammers frequently target taxpayers in the run up to the annual federal tax filing deadline.
newsweek.com/irs-warns-taxpayers-online-accounts-1885844
US Treasury's No. 2 urges South Africa to boost fight against corruption: U.S. Deputy Treasury Secretary Wally Adeyemo on Wednesday urged South Africa to step up ...
reuters.com/world/us-treasurys-no-2-urges-south-africa-boost-fight-against-corruption-2024-03-13/
Graham: Will Direct File hold tax prep firms accountable?: Having Direct File in the marketplace could lead to lower costs and improved service across the ...
bostonherald.com/2024/03/23/graham-will-direct-file-hold-tax-prep-firms-accountable/
AI is making life easier for financial fraudsters: A new Treasury Department warns of a gap in fraud prevention efforts between large and small financial firms
qz.com/ai-making-financial-fraud-easier-treasury-department-1851371263
Paid articlePaid Judge Rules Against Corporate Transparency Act Disclosure Provision: An Alabama judge barred the government from collecting certain company ownership data to ...
nytimes.com/2024/03/03/us/politics/judge-ruling-corporate-transparenct-act.html
New Rules Will Force Buyout Firms to Flag Suspicious Investments: The Treasury Department is extending anti-money-laundering rules to private-equity ...
wsj.com/articles/new-rules-will-force-buyout-firms-to-flag-suspicious-investments-2c7d4449
How billionaires and the ultra-wealthy avoid taxes and fight the IRS: How the very rich lose money, overvalue art, buy very expensive life insurance ...
vox.com/money/2024/3/13/24086102/billionaires-wealthy-tax-avoidance-loopholes
Quick Glance: Tax Filing 2023: Key Information
- The IRS hired over 7,000 taxpayer service representatives and plans to hire 6,500 more
- A free IRS filing service for taxpayers is being developed
- Massachusetts and New Hampshire are testing the free filing project 'Direct File'
- Helpful answers to questions about filing taxes for 2023
In Latest Crackdown on Rich Tax Cheats, IRS Pursues 125,000 Non-Filing Cases: "At this time of year when millions of hard-working people are doing the right ...
commondreams.org/news/irs-rich-tax-cheats-2667407596
US takes aim at real estate money laundering - ICIJ: A new rule would close a loophole Treasury warns is exploited by bad actors using ill-gotten cash to ...
icij.org/investigations/pandora-papers/us-takes-aim-at-real-estate-money-laundering/
A Guide to Tax Deductions for Charitable Donations: Here's how your philanthropic giving can lower your tax bill.
money.usnews.com/money/personal-finance/taxes/articles/a-guide-to-tax-deductions-for-charitable-contributions
Thousands of millionaires haven’t filed tax returns for years, IRS says: The IRS said it stopped sending letters to people who didn’t file their tax returns ...
washingtonpost.com/business/2024/02/29/tax-returns-irs-millionaires/
IRS contacting high-income earners who failed to file taxes: The IRS said it was able to track down 125,000 instances of people earning over $400 ...
scrippsnews.com/stories/irs-contacting-high-income-earners-who-failed-to-file-taxes/
Brasileirão 2024: CBF publishes basic table for the Brazilian Championship; watch Bahia games. See more news from Esporte Clube Bahia
esporteclubebahia.com.br/brasileirao-2024/
US takes aim at real estate money laundering - ICIJ: A new rule would close a loophole Treasury warns is exploited by bad actors using ill-gotten cash to ...
icij.org/investigations/pandora-papers/us-takes-aim-at-real-estate-money-laundering/
IRS reform has arrived: How new funding is fast-tracking progress: As our April 15 filing deadline approaches, we should take a moment to celebrate the IRS’s ...
thehill.com/opinion/finance/4498171-irs-reform-has-arrived-how-new-funding-is-fast-tracking-progress/
Quick Glance: Boosting IRS Efficiency
- In the first two decades of this century, the IRS was subject to neglect, if not outright enmity from Congress.
- As part of the Inflation Reduction Act, Congress added $80 billion to the IRS budget to be spent over a 10-year timeframe.
- Thanks to the increased funding, the IRS has answered millions more taxpayer calls, reduced average telephone wait times, and opened numerous new popup taxpayer assistance centers.
- Through a newly formulated Paperless Processing Initiative, the IRS will digitize all paper returns it receives and has introduced new voice and chatbots to improve the taxpayer experience.
Taylor Swift is now a billionaire! Get ready for an album about her on-again, off-again love affair with the tax code.#TaylorSwift #TheTorturedPoetsDepartment #Colbert
Childcare Crisis Grips US as IRS Chief Says Wealthy Tax Dodgers Cost $150 Billion a Year
commondreams.org/news/childcare-crisis-tax-the-rich
How to avoid common tax-season scams: In 2023, the IRS received 294,138 identity theft complaints.
oregonlive.com/business/2024/04/how-to-avoid-common-tax-season-scams.html
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AI is Uncle Sam’s new secret weapon to fight fraud: Uncle Sam has quietly deployed a new secret weapon designed to catch bad guys trying to steal from taxpayers: ...
cnn.com/2024/02/28/business/artificial-intelligence-fraud-treasury-ai/
Paid articlePaid What do we get with new IRS funding? A crackdown on corporate jet abuse.: The IRS has a powerful story to tell — so long as it’s not drowned out by ...
washingtonpost.com/opinions/2024/02/22/irs-corporate-jet-audits-funding-direct-file/
Quick Glance: What New IRS Funding Means: Crackdown on Corporate Jet Abuse
- More audits of corporate jets, improved service for regular taxpayers.
- After years of resource starvation, the IRS received an $80 billion investment to modernize IT systems and enhance tax enforcement.
- The IRS launches a program to audit companies for corporate jet use (and abuse) to prevent tax evasion.
- Furthermore, the IRS is investing in advanced data science capabilities for targeted audits and taxpayer-friendly tax preparation programs.
IRS refund tracker: How to track your refund online: This simple IRS tool will give you up-to-date information.
mashable.com/article/track-my-tax-refund-irs
Here’s what you need to know about tax season scams: Tax refunds are often a financial boost for Americans, but they’ve increasingly become the target of ...
nbcnews.com/tech/security/s-need-know-tax-season-scams-rcna139839
OC bookie at center of gambling scandal thought link to Ohtani would help business
ocregister.com/2024/03/27/bookie-at-center-of-gambling-scandal-thought-link-to-ohtani-would-help-business/
U.S. Proposes Requiring Investment Advisers to Put in Place Anti-Money-Laundering Controls
wsj.com/articles/u-s-proposes-requiring-investment-advisers-to-put-in-place-anti-money-laundering-controls-1482ba25
A staple of North Philly’s sneaker scene is facing potential prison time after admitting to $4 million tax evasion scheme
inquirer.com/news/youngs-sneaker-city-philadelphia-yong-lee-tax-evasion-20240328.html
Anambra drivers protest alleged multiple taxations, officials harassment: Some members of the Drivers Association of Anambra have protested what they termed ...
punchng.com/anambra-drivers-protest-alleged-multiple-taxations-officials-harassment/
Biden’s open border is a boon for human traffickers; we must stop them: Criminals thrive when federal and state law enforcement are both too overwhelmed to hold ...
thehill.com/opinion/immigration/4465411-bidens-open-border-is-a-boon-for-human-traffickers-we-must-stop-them/
Hospitality worker caught with $2.5B Bitcoin found guilty of money laundering: The Southwark Crown Court in the United Kingdom has reportedly found Jian Wen ...
cointelegraph.com/news/hospitality-worker-bitcoin-seizure-southwark-crown-court
8 of the biggest issues facing the banking industry today: A major shake-up in the payments world, a data breach that's opened up a debate on who is ultimately ...
americanbanker.com/list/8-of-the-biggest-issues-facing-the-banking-industry-today
US sanctions supporters of Syria’s al-Assad over drug trafficking: The US Treasury Department sanctioned 11 people and companies on Tuesday it said were involved ...
english.alarabiya.net/News/middle-east/2024/03/26/US-sanctions-supporters-of-Syria-s-al-Assad-over-drug-trafficking
Who are LockBit, the hackers threatening to release Trump court documents: LockBit is a notorious Russia-based ransomware group that has racked up over 2 ...
businessinsider.com/lockbit-russia-hackers-threatening-release-trump-court-documents-ransom-2024-2
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FTX customers in line for higher payouts as crypto prices soar: Administrators raise $884mn from partial sale of stake in AI start up Anthropic
ft.com/content/ee1579c1-9837-4262-bafa-053cde94e538
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Woman admits she stole $136K from NC cancer organization she led for years, feds say
charlotteobserver.com/news/local/crime/article287015275.html
Paid articlePaid Man indicted over hiding $20M from IRS: Dan Rotta, 77, was charged in Miami with hiding assets from the IRS in two dozen secret Swiss accounts between 1985 and ...
accountingtoday.com/articles/ex-credit-suisse-client-indicted-over-hiding-money-from-irs
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Treasury proposes new anti-money laundering regulations for investment advisers: The Biden administration is rolling out new recordkeeping rules for U.S ...
apnews.com/article/investment-transparency-treasury-fincen-money-laundering-9d64b58bdb1ac0f9fd999dc36c14693e
Yellen warns Netanyahu of toll on West Bank economy; Israel counts on neighbours to rebuild Gaza
dailymaverick.co.za/article/2024-02-28-yellen-warns-netanyahu-of-toll-on-west-bank-economy-israel-counts-on-neighbours-to-rebuild-gaza/
Grosse Pointe Park man gets 3 years for money laundering, obstructing IRS: Matthew Adams, 37, was sentenced Monday in federal court, officials said.
detroitnews.com/story/news/local/wayne-county/2024/03/06/grosse-pointe-park-man-gets-3-years-for-money-laundering-obstructing-irs/72863778007/
Step up operations against terrorists, kidnappers, IG orders DIG: The Inspector-General of Police, Olukayode Egbetokun, on Wednesday, met with delegates of the ...
punchng.com/step-up-operations-against-terrorists-kidnappers-ig-orders-dig/
Banks face steep fines in terror financing war: Commercial banks and officials face steep fines for facilitating terrorism financiers.
nation.africa/kenya/business/banks-face-steep-fines-in-terror-financing-war--4560388
Common tax scams to avoid: Scammers want your data and your money, and they know how to get it.
mashable.com/article/tax-scams-to-avoid
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