A fine was the only penalty a judge could impose on the Trump Organization after its conviction last month for 17 tax crimes, including conspiracy and falsifying business records.
taxes
Posted inLocal & State, Nation & World, Politics
Maine’s Democratic representatives criticize Republican moves in U.S. House
Jared Golden and Chellie Pingree opposed a number of measures pushed by the new congressional majority.
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Posted inBusiness, Nation & World, News
Trump executive Weisselberg gets 5-month jail sentence for dodging taxes
Allen Weisselberg is expected to be locked up at New York City’s notorious Rikers Island jail complex.
Posted inLocal & State, News
Kennebunk man owes $720,000 in unpaid federal taxes, complaint says
The Department of Justice is asking a judge to enforce several liens against his property to recover more than 10 years’ of income, Medicare and Social Security taxes.
Posted inOp-eds, Opinion
Commentary: 500 reasons to eliminate the income cap for Social Security taxes
Taxing income only up to $160,200 for Social Security is leaving a lot of revenue on the table.
Posted inBusiness, Nation & World, News
Key takeaways from Trump’s long-sought tax returns
The release of former President Donald Trump’s tax returns show he maintained a bank account in China through 2017, his first year in the White House.
Posted inNation & World, News
Here’s what we’ve learned from Trump’s tax returns
Among other things, Trump has bank accounts in several foreign countries and earned money in many nations while he was president.
Posted inNation & World, News, Politics
Trump’s tax returns released after long fight with Congress
Trump had refused to release his returns when he ran for president and had waged a legal battle to keep them secret while he was in the White House.
Posted inNation & World, News, Politics
Trump asks Supreme Court to keep tax returns from House committee
Lower courts ruled that the committee has broad authority to obtain tax returns and rejected Trump’s claims that it was overstepping.
Posted inBusiness, Nation & World
IRS: Gap will grow between income taxes owed, paid
Ensuring that people actually pay their taxes is one of the tax collection agency’s biggest challenges.