Trump Organization Ordered To Pay $1.6 Million For Tax Fraud

Topline The Trump Organization must pay $1.6 million in fines after being found guilty of tax fraud, a judge ordered Friday according to multiple outlets, after former President Donald Trump’s family ...

Opinion: Opinion: Trump’s low tax payments are what happens with a too-complex tax code

People tend to have one of two reactions to the revelation that former President Donald Trump paid little to no taxes in recent years: He’s either an amoral tax cheat or he’s smart. To me, it reveals ...

Opinion: Hardship withdrawals from a 401(k) will get easier soon, but not quite yet

If you’re getting crushed by inflation and you have any money sitting in your 401(k), you may be wondering how you can get at it. In that kind of situation, something called a “hardship withdrawal” so...

Trump Organization Found Guilty Of Tax Fraud At Trial

Topline The Trump Organization has been found guilty of criminal tax fraud, a jury declared Tuesday, after prosecutors accused former President Donald Trump’s company of evading taxes by paying execut...

Trump Will Testify In Fraud Trial Ahead Of Primaries, Lawyer Says

Topline Former President Donald Trump will testify under oath next year about whether he and his company fraudulently inflated the value of assets for financial gain, his attorney said in court Tuesda...

Trump Organization’s Criminal Trial For Tax Fraud Starts—Here Are The Consequences It Could Face

Topline Jury selection begins Monday in the Trump Organization’s criminal trial for alleged tax fraud—which will only result in the company having to pay monetary damages if it’s found guilty, though ...

MicroStrategy’s Michael Saylor Sued for Alleged Tax Fraud in Washington, D.C.

By Vicky Ge Huang and Richard Rubin Aug. 31, 2022 6:17 pm ET Listen to article (2 minutes) The District of Columbia attorney general sued Michael Saylor, the founder and chairman of software intellige...

Guitar cases and tissue boxes stuffed with cash: Yoga guru charged with not paying taxes while raking in $20 million

The leaders of a national chain of yoga centers that offered classes for free or for small cash donations, have been hit with major tax fraud charges for allegedly failing to pay any taxes for nearly ...

Charlie Sheen Beats IRS, Slashes $7M Tax Bill To $3.3M

Actor Charlie Sheen has owed the IRS millions for years and has long been trying to hold them at bay. Convincing the IRS they are wrong is not easy, especially where the IRS has discretion, and where ...

Billionaire Robert Brockman, Accused of Biggest Tax Fraud in U.S. History, Dies at 81

When Robert Brockman, one of the richest people in the country, was visiting his company’s offices near Dayton, Ohio, he stayed at budget motels and ate frozen dinners in his room, a former employee r...

Reality TV stars Todd and Julie Chrisley found guilty on fraud, tax-evasion charges

ATLANTA — Todd and Julie Chrisley, stars of the reality television show “Chrisley Knows Best,” were found guilty Tuesday in Atlanta on federal charges including bank fraud and tax evasion. The Chrisle...

How IRS Can Tax ‘Gifts’ and Impose Big Penalties

Are gifts income the IRS can tax? Fortunately, no, but the line between what is income and what is a gift is sometimes fuzzy. Let’s say you do major favors for your employer and get a gift of $20,000,...

You Made $700 From an Online Side Hustle. Now the IRS Will Know.

Now that your 2021 taxes are done—or at least under way—it’s time to focus on a key tax change for 2022 affecting millions of Americans making money through platforms like eBay , Etsy , Airbnb , Venmo...

If You Hold Crypto For Someone Else, Can IRS Collect Taxes From You?

MORGANTOWN, WV – 31 DECEMBER 2017: Ethereum or ether coin lying on top of similar golden coins to … [+] illustrate cybercurrencies getty It’s tax time, and crypto gains can be painfu...

Former Apple employee charged with defrauding $10 million

A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment and laundering money, federal prosecutors said. Dhirendra P...

‘No one is above the law’: Oil tycoon tried to stiff his ex-wife in a bitter divorce — now he’s going to prison for tax evasion

Todd Kozel made his riches in the oil fields of Kurdistan and now will have to pay the price. The once-jet-setting co-founder and chief executive of Gulf Keystone Petroleum is headed to prison for fiv...

IRS Lists Top Ten Criminal Tax Cases Of 2021

Any tax audit can be frightening, but criminal tax cases are the worst. And since it’s time for Americans to start thinking about the 2021 tax returns and filing by April 18, the IRS has some reminder...

Founder of nationwide tax-prep firm sentenced to prison for skimming $70 million in exorbitant fees over a 5-year period

Talk about a tax burden. The founder of a nationwide tax preparation chain has been sentenced to a year and a day in prison for running a tax refund advance scheme that fleeced customers with $70 mill...