House Democrats press IRS on probe into Puerto Rico tax breaks for wealthy investors
A group of Democrats are pressing the IRS for updates on an investigation of 100 high-income individuals | Date: | |
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Lawmakers urge IRS to crack down on American tax dodgers in Puerto Rico
The IRS has identified 100 wealthy mainland Americans allegedly claiming tax benefits in Puerto Rico unlawfully.Nov. 22, 2023 - cbsnews.com - Politics - CBSNews.com -
Tax cheats are taking advantage of Puerto Rico — the US government can stop them
Puerto Rico: land of sun, sand and — in recent years — American millionaires and billionaires avoiding taxes and potentially defrauding both the United States and Puerto Rican governments.Nov. 21, 2023 - thehill.com - Just In News | The Hill -
Puerto Rico deserves statehood now
Congress can and must take action to right a historic wrong of American colonialismNov. 30, 2023 - thehill.com - Just In News | The Hill -
Puerto Rico Popular Democratic Party to hold gubernatorial primary
Puerto Rico Rep. Jesús Manuel Ortiz, president of the Popular Democratic Party, announced he's running for governor and will face Sen. Juan Zaragoza in a primary.Nov. 27, 2023 - nbcnews.com - NBC News Politics -
Puerto Rico opposition party to hold gubernatorial primary
One of Puerto Rico’s biggest political parties will hold a gubernatorial primary after Rep. Jesús Manuel Ortiz of the Popular Democratic Party announced his candidacyNov. 27, 2023 - abcnews.go.com - ABC News: International -
Meet some of Puerto Rico’s tech pioneers, 20 years later
When the tech landscape was barren, and long before Hurricane Maria shifted the economic axis in late 2017, Christian Gonzales, Carlos Menendez and Alberto Lugo III were Puerto Rico's tech scene.Nov. 25, 2023 - marketwatch.com - MarketWatch.com - Top Stories -
Undaunted by hurricanes, pandemic and earthquakes, Puerto Rico is ready for its tech moment
Hurricanes, a pandemic and an earthquake can't stop a swelling tech movement in Puerto Rico. They might have even spurred the movement.Nov. 25, 2023 - marketwatch.com - MarketWatch.com - Top Stories -
Puerto Rico raises alarms as FEMA ends power generation mission
Puerto Rico's government and private institutions are worried the island's electric grid could once again collapse, after federal officials announced the end of an emergency power generation mission. Federal Emergency Management Agency (FEMA) ...Nov. 17, 2023 - thehill.com - Just In News | The Hill -
Judge's ruling advances plan to restructure $10 billion debt of Puerto Rico's power company
A federal judge has tentatively approved a portion of the newest plan to restructure $10 billion of debt owed by Puerto Rico’s power company amid heated negotiations between creditors and the U.S. territory’s governmentNov. 14, 2023 - abcnews.go.com - ABC News: International -
Global hacker investigated by federal agents in Puerto Rico pleads guilty in IPStorm case
The U.S. Attorney’s Office in Puerto Rico says a man with Russian and Moldovan citizenship has pleaded guilty to illegally taking control of thousands of electronic devices to rent them to clients who want to hide their internet activityNov. 14, 2023 - abcnews.go.com - ABC News: Technology -
Supporters try to rekindle Puerto Rico status change
Supporters of changing Puerto Rico's territorial status are turning to the Senate to keep a compromise bill alive as rapidly shifting political dynamics threaten to bury the proposal for a plebiscite on the issue. Sen. Martin Heinrich (D-N.M.) ...Nov. 10, 2023 - thehill.com - Just In News | The Hill -
Puerto Rico declares flu epidemic with 42 deaths, 900 hospitalizations
Over 25,000 cases of the flu have been reported in Puerto Rico since July, with 42 deaths and more than 900 hospitalizations, the island's health secretary said on Thursday.Nov. 9, 2023 - cbsnews.com - Home - CBSNews.com -
Puerto Rico declares flu epidemic with 42 deaths, over 900 hospitalizations
Puerto Rico health officials have declared an influenza epidemic in the U.S. territory with at least 25,900 cases reported since July and 42 deaths.Nov. 9, 2023 - nbcnews.com - NBC News Top Stories -
US orders Puerto Rico drug distribution company to pay $12 million in opioid case
The U.S. Justice Department says one of Puerto Rico’s biggest distributors of pharmaceutical drugs has been ordered to pay $12 million after being accused of not reporting hundreds of suspicious orders for controlled substancesNov. 6, 2023 - abcnews.go.com - ABC News: Health -
US orders Puerto Rico drug distribution company to pay $12 million in opioid case
The U.S. Justice Department says one of Puerto Rico’s biggest distributors of pharmaceutical drugs has been ordered to pay $12 million after being accused of not reporting hundreds of suspicious orders for controlled substancesNov. 6, 2023 - abcnews.go.com - ABC News: International -
TaxWatch: IRS announces 2024 income-tax brackets: Here’s what they mean for your tax bill
The IRS increased the ranges on income-tax brackets by approximately 5.4% for 2024 returns.Nov. 10, 2023 - marketwatch.com - MarketWatch.com - Top Stories -
Brookfield Brings an Infrastructure Fund to Wealthy U.S. Investors
Individual investors in Europe and Asia have already pumped over $1.2 billion into Brookfield’s Infrastructure Income Fund.Nov. 8, 2023 - online.wsj.com - WSJ.com: World News -
Breaking down Young Thug's RICO case
Young Thug's racketeering trial began in Atlanta on Monday. Fulton County District Attorney Fani Willis has accused the rapper of co-founding a violent street gang. Noah Pines, partner at the Atlanta-based law firm Ross and Pines, joins CBS News ...Nov. 27, 2023 - cbsnews.com - Home - CBSNews.com -
IRS Court Win Paves Way for Higher Taxes on Hedge Funds
The ruling could close off a technique popular among fund managers that lets them exclude millions of dollars in income from self-employment taxes.Nov. 30, 2023 - online.wsj.com - WSJ.com: World News -
You may still owe taxes on resold Taylor Swift tickets even without PayPal, Venmo IRS reporting
The IRS delayed a tax reporting change for payment apps such as Venmo and PayPal, but you may still owe taxes for resold Taylor Swift tickets, experts say.Nov. 28, 2023 - cnbc.com - US Top News and Analysis -
IRS delays tax reporting rule change for business payments on apps such as Venmo and PayPal
If you received business payments via apps such as PayPal and Venmo, you will not be subject to a lower threshold for 1099-K tax reporting for 2023.Nov. 21, 2023 - cnbc.com - US Top News and Analysis -
IRS Delays Tax Rule for Online Sellers---Again
The tax agency warned of headaches for users of eBay, Venmo and Ticketmaster if it had started enforcing the new Form 1099-K rules.Nov. 21, 2023 - online.wsj.com - WSJ.com: World News -
IRS takes aim at environmental write-offs in tax evasion crackdown
The IRS put out new guidance on Friday to stymie a well-worn tax evasion scheme that allows write-offs for land left undeveloped in order to promote environmental conservation. Landowners can claim a credit for what they would have earned on their ...Nov. 17, 2023 - thehill.com - Just In News | The Hill -
Yes, You Absolutely Should Sign Up for the New IRS Business Tax Account
The new business tax account from the Internal Revenue Service could roll out a suite of new features as soon as 2024.Nov. 17, 2023 - inc.com - Inc.com -
Yelp Profit Soared With Help From IRS Guidance on R&D Tax Deductions
A one-time tax adjustment boosted third-quarter earnings as Yelp’s effective tax rate ended up being much lower than it expected.Nov. 10, 2023 - online.wsj.com - WSJ.com: World News