WASHINGTON - House Ways and Means Chairman Richard Neal (D-Massachusetts) is not backing down on his request for six years of the President Donald Trump's personal and business tax returns. In a letter sent to the Internal Revenue Service … [Read more...]
After Election Victory Reed Comments on House Subpoena Power, Prospects of New House Speaker
WASHINGTON - With a power shift in the House, Democrats are prepared to use their newfound majority and subpoena power to go after all manner of financial records that could back up their claims that the President is using his presidency to enrich … [Read more...]
IRS Issues New Regulations to Halt NY State Workaround of Federal Cap on SALT Deductions
ALBANY - The Internal Revenue Service says the workarounds New York, New Jersey and Connecticut approved following the new federal cap on deductions for state and local taxes (SALT) aren't acceptable to the federal government. Taxpayers who … [Read more...]
IRS Challenges State’s Effort to Circumvent New Federal Cap on SALT Deductions
WASHINGTON - There's a new challenge for New York State and others that have tried to do an end-around regarding the new federal tax law that was recently approved in Washington. New York State is one of several states that have moved to let … [Read more...]
IRS Office in Jamestown Reopens On Limited Basis
JAMESTOWN - The IRS Office in Jamestown will once again be open on a limited basis. Over the weekend Congressman Tom Reed’s office announced that the office will now be open three days a week. Last week, the Jamestown Post-Journal ran a story … [Read more...]
Residents Warned of Phone Scams
JAMESTOWN - Local residents are being advised to be wary of a couple of phone scams: SCAM INVOLVING JAMESTOWN BPU The Jamestown Board of Public Utilities advises customers to be on the alert for a recent scam that has surfaced among its hotel … [Read more...]
Young Warns Residents to Be Vigilant Against IRS Scams
ALBANY - Senator Catharine Young (R,I,C- Olean) is warning area residents to be on the lookout in response to an ongoing phone scam that has already plagued several local residents. The scam begins with a resident receiving a call from someone … [Read more...]
Tom Reed Demands Report on Missing IRS Emails, Calls for Special Investigator
WASHINGTON - Congressman Tom Reed (R-Corning) wants to get to the bottom of the recent Internal Revenue Service scandal that involves hundreds of missing emails. During a hearing on the House’s Ways and Means Committee last week, Reed pressed IRS … [Read more...]
Tax Deadline is Today
WASHINGTON - If you haven’t filed your 2013 income tax return yet, you have until the end of today to do so and get it in the mail or file paperwork for an extension to meet the April 15 deadline. There’s somewhat good news for folks who are in a … [Read more...]
Lakewood Business Owner Sentenced to One Year in Federal Prison for Failing to Pay Payroll Taxes
BUFFALO - The man who owns and operates a Lakewood business will spend the next year in a federal prison after being sentenced U.S. District Court on Wednesday. According to WIVB in Buffalo, 57-year-old John Creighton of Bemus Point who was … [Read more...]
