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IRS silently recovers $8 billion as whistleblower claims surge

IRS silently recovers $8 billion as whistleblower claims surge

Someone in your professional circle likely knows where the gaps in your tax reporting are, and tipping off the Internal Revenue Service (IRS) now takes minutes.  The IRS Whistleblower Program has generated more than $8 billion in tax collections since its 2007 inception, and it has paid $1.4 ...
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IRS Considers New Stimulus Payment for Mid-2025 with Eligibility Criteria

IRS Considers New Stimulus Payment for Mid-2025 with Eligibility Criteria

The Internal Revenue Service (IRS) is preparing for a potential new round of stimulus payments, known as the June 2025 Stimulus Payment, aimed at providing financial relief to eligible Americans. The proposed payments are part of ongoing discussions in Congress regarding federal budget allocations and economic relief measures. Although no formal legislation has been passed, draft proposals suggest that the payments will target individuals with an adjusted gross income (AGI) below certain thresholds, similar to previous stimulus rounds. The expected income limit for single filers is around $75,000. The payments are anticipated to be $1,200 per eligible adult, with an additional $500 for dependents. The IRS plans to use existing tax return data to determine eligibility and manage distribution, with direct deposits potentially starting in late May 2025.
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Trump administration unveils new paid family leave incentives

Trump administration unveils new paid family leave incentives

By Jacob Bogage WASHINGTON, Aug 5 (Reuters) - The U.S. Treasury Department will announce new guidance on Wednesday expanding incentives for employers to offer paid family leave, according to three people familiar with the plans that the White House hopes to tout in midterm elections.
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DHS Plans to Increase Fees for H-1B and L-1 Visas for Large Companies

DHS Plans to Increase Fees for H-1B and L-1 Visas for Large Companies

The Department of Homeland Security (DHS) is planning to expand the '9-11 Response and Biometric Entry-Exit Fee' to include petitions for extensions of stay for H-1B and L-1 visas. Currently, this fee applies to initial petitions or changes of employer for companies with more than 50 employees, where over 50% are in H-1B or L-1 status. The fee is $4,000 for H-1B and $4,500 for L-1 petitions. The proposed expansion could increase costs for companies heavily reliant on these visa categories. The final rule is expected to be published in July.
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San Antonio Bakery Chain Accused of Child Labor and Wage Violations

San Antonio Bakery Chain Accused of Child Labor and Wage Violations

The U.S. Department of Labor has found that three La Panadería Bakery Café locations in San Antonio violated child labor laws and wage requirements. The investigation revealed that the employers allowed a 13-year-old and a 15-year-old to work overnight, which is prohibited for minors. Additionally, the employers failed to pay a worker for two overnight shifts and did not properly calculate overtime for employees working at multiple locations. La Panadería has paid $45,000 in back wages and penalties and claims to have resolved the issues.
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Armanino Expands Career Opportunities with New Restructuring Consultant Role

Armanino Expands Career Opportunities with New Restructuring Consultant Role

Armanino Expands Career Opportunities with New Restructuring Consultant Role
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Blanche clears key nomination hurdle after deal wins senators' vote

Blanche clears key nomination hurdle after deal wins senators' vote

By Dan Rosenzweig-Ziff WASHINGTON, Aug 4 (Reuters) - Todd Blanche cleared a major hurdle on Tuesday on his path to nomination for U.S. attorney general, as Republicans voted to advance him out of committee on a party-line vote.
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How 100,000 Signatures Helped Fuel a Historic Labor Showdown

How 100,000 Signatures Helped Fuel a Historic Labor Showdown

The 1997 United Parcel Service (UPS) strike was a landmark event in the history of labor movements in the United States. Led by the International B...
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OpenAI Settles with DOJ Over Discrimination Claims Against US Workers

OpenAI Settles with DOJ Over Discrimination Claims Against US Workers

OpenAI Settles with DOJ Over Discrimination Claims Against US Workers
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Ways and Means Committee Highlights Manufacturing Growth Due to Tax Cuts

Ways and Means Committee Highlights Manufacturing Growth Due to Tax Cuts

Ways and Means Committee Highlights Manufacturing Growth Due to Tax Cuts
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Seattle Restaurant Owner Pleads Guilty to $1.4 Million Tax Fraud Scheme

Seattle Restaurant Owner Pleads Guilty to $1.4 Million Tax Fraud Scheme

Ruadhri 'Rory' McCormick, the owner of Single Shot Saloon in Seattle's Capitol Hill, has pleaded guilty to a tax fraud scheme involving over $1.4 million. McCormick admitted to willfully failing to pay unemployment, Social Security, and Medicare taxes withheld from employee paychecks over a decade. The U.S. Department of Justice announced that McCormick could face up to five years in prison when sentenced on October 5. He has agreed to repay the full amount to the IRS. The plea agreement includes a recommendation for a prison sentence of no more than 15 months, although the judge is not bound by this recommendation.
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Plante Moran Emphasizes Diversity and Flexibility in Workplace Culture

Plante Moran Emphasizes Diversity and Flexibility in Workplace Culture

Plante Moran Emphasizes Diversity and Flexibility in Workplace Culture