Category Archives: General

Peculiar Business Owner Pleads Guilty to Tax Evasion

The owner of a Peculiar, Mo., business pleaded guilty in federal court to tax evasion. Jason Rigoli, 42, waived his right to a grand jury and pleaded guilty before U.S. District Judge Stephen R. Bough to a federal information that … Continue reading

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Missouri used car salesman hid over $300,000 in commissions from IRS

A used car salesman from Imperial, Missouri, appeared in federal court and confessed to hiding over $300,000 in sales commissions from the IRS. Prosecutors with the U.S. Attorney’s Office for the Eastern District of Missouri said Donald Benck pleaded guilty to … Continue reading

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College students should study up on these two tax credits

Anyone pursuing higher education, including specialized job training and grad school, knows it can be pricey. Eligible taxpayers who paid higher education costs for themselves, their spouse or dependents in 2021 may be able to take advantage of two education tax … Continue reading

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IRS announces interest rate increases for the fourth quarter of 2022; 6% rate applies to most taxpayers starting Oct. 1

The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Oct. 1, 2022. For individuals, the rate for overpayments and underpayments will be 6% per year, compounded daily, up from 5% for the quarter … Continue reading

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Settlement Covered Successive Claim 

Claimant settled an earlier claim for repetitive injury to the “left upper extremity [,]” then made a later claim related to claimant’s left wrist, which the Labor and Industrial Relations Commission denied because of the settlement. Claimant challenged that conclusion … Continue reading

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Holdover Plus Payment Equals Renewal of Lease 

Real property lease included an option for lessee to renew, which required lessee’s notice of intent to renew six months before the lease terms’ expiration. After the lease’s expiration, lessee continued to pay, and lessor to accept, rents before lessor … Continue reading

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From markers to face masks, classroom supplies may be tax deductible

Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful. The educator expense deduction allows eligible teachers and administrators to deduct part of the cost of technology, supplies and training from their taxes. … Continue reading

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U.S. Household Debt Tops $16 Trillion Amid Rising Inflation

U.S. household debt increased to a record $16.15 trillion in the second quarter, driven mostly by a $207 billion jump in mortgage balances, with credit card and auto loan debt also rising as consumers raised their borrowing to deal with … Continue reading

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Worker Classification 101: employee or independent contractor

A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. It is critical for business owners to correctly determine whether the people providing services are … Continue reading

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Coinbase Faces SEC Probe on Crypto Listings; Shares Fall

Coinbase Global Inc. is facing a U.S. probe into whether it improperly let Americans trade digital assets that should have been registered as securities. The company’s shares fell as much as 9.2%. The U.S. Securities and Exchange Commission’s scrutiny of … Continue reading

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