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Category Archives: General
All taxpayers have the right to challenge the IRS’s position and be heard
Taxpayers have the right to: • Raise objections.• Provide additional documentation in response to formal or proposed IRS actions.• Expect the IRS to consider their timely objections.• Have the IRS consider any supporting documentation promptly and fairly.• Receive a response … Continue reading
Posted in General, Taxation
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Florida Man Convicted of COVID Relief Fraud
Florida man, Willie Curry, has been convicted of lying to get a low-interest COVID-19 relief loan. Curry pleaded guilty Monday in Miami federal court to wire fraud in connection with his fraudulent application to the U.S. Small Business Administration. He … Continue reading
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Oct. 15 deadline approaches for taxpayers who requested extensions to file 2020 tax returns
People who asked for an extension should file on or before the extension deadline, October 15, to avoid the penalty for filing late. There are a couple exceptions to this deadline including: Members of the military and others serving in … Continue reading
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SEC Threatens to Sue Coinbase over Crypto Lending Program
The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc. if the crypto exchange goes ahead with plans to launch a program allowing users to earn interest by lending crypto assets. The SEC issued Coinbase with … Continue reading
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Joe’s Jeans, Jessica Simpson Owner Sequential to Sell Brands in Chapter 11
Sequential Brands Group Inc., the company that owns and licenses consumer brands from Jessica Simpson fashions to Gaiam yoga wear and Joe’s Jeans, has filed for bankruptcy and will sell assets, saying that a big debt load and the COVID-19 … Continue reading
Posted in Bankruptcy, General
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Georgia bookkeeper stole over $1 million from coin shop
Alice Sue Smith was the bookkeeper at a family-owned coin shop, Chattanooga Coin, for 14 years, and prosecutors say she was embezzling from the business for 9 of them. Smith was sentenced to three years and seven months in prison and ordered … Continue reading
Attorney demands that Kansas school district alter COVID policies
A lawyer is demanding that a Kansas City-area school district revise its COVID-19 policies, claiming that they violate state and federal laws. The district’s current policy says that people who have had close contact with COVID-positive people do not need … Continue reading
Biden administration to order large employers to mandate Covid-19 vaccine or weekly testing
This requirement will come in the form of a rule from the Department of Labor’s Occupational Safety and Health Administration and will apply to all federal employees, federal contractors, and businesses with 100 or more employees. Businesses that fail to … Continue reading
Evictions to Hit 750,000 Households
Since the Supreme Court blocked the federal eviction moratorium, around 750,000 renter households are expected to lose their homes. Between 2.5 million and 3.5 million households are behind on rent owing up to $17 billion to landlords. Between 1 million … Continue reading
Using Wrong Arbitrator Voids Decision
In 2011, Cathy Pitts purchased a car with Respondent Car Credit, Inc. This transaction included an arbitration agreement that Pitts signed. The agreement stated that if a dispute arose, it would be resolved by an arbitration organization, and if no … Continue reading