New York State Attorney General Letitia James announced Wednesday that she is suing former President Donald Trump and three of his children for fraud stemming from her three-year civil investigation into the Trump Organization’s business … [Read more...]
Intuit Will Pay $141 Million to Customers for Deceptive Tactics in Tax Filing
New York Attorney General Letitia James announced the company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services. Under the terms … [Read more...]
April 18 is Tax Day
April 18 is your final day to file taxes for 2021 without an extension. While April 15 is usually the due date, tax payers got a couple more days to file because of the Emancipation Day holiday in the District of Columbia. One major change for … [Read more...]
With the IRS Under a Backlog, Taxpayers Encouraged to Submit Tax Returns as Soon as Possible
With the IRS suffering a backlog of cases, Congressman Tom Reed is encouraging residents to get their tax returns filed as soon as possible. Reed, in his weekly media call, said January 24 was the first day taxpayers could file and that he … [Read more...]
Federal Officials Warn Residents of COVID-19 Stimulus Scams
BUFFALO - Officials with the U.S. Attorney's Office and the Internal Revenue Service are urging New York taxpayers to be vigilant of emerging scams targeting COVID-19 economic impact payments. “We are living in unprecedented times and each one of … [Read more...]
Reed Voices Disapproval as Ways and Means Democrats Continue to Seek Trump Tax Records
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...]
