Partly Cloudy 47°
Tag:

Income Tax

News
$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy $2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy
$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy Two New York accounting firm partners have pleaded guilty to a multi-million dollar tax evasion scheme.  Click here for a new, updated story - Update: Scarsdale-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter Westchester County resident George Sanossian, age 70, of Scarsdale, and New Jersey resident Jack Sardis, age 66, of Englewood Cliffs, both certified public accountants, admitted to conspiracy to defraud the IRS by scheming with clients to reduce tax liabilities through a shell company, leading to over $2 million in unreported cash transactions.  The tw…

SHARE

by Joe Lombardi
News
Former Harvard Department Chair Found Guilty Of Hiding Ties To China Former Harvard Department Chair Found Guilty Of Hiding Ties To China
Former Harvard Department Chair Found Guilty Of Hiding Ties To China A former Harvard University department chair has been found guilty of charges in connection with lying to federal authorities about his ties to China and failing to report income he received from a university in China. Charles Lieber, age 62, was found guilty on Tuesday, Dec. 21, of: Two counts of making false statements to federal authorities,  Two counts of making and subscribing a false income tax return, Two counts of failing to file reports of foreign bank and financial accounts with the Internal Revenue Service. Lieber is the former chair of Harvard's Chemistry and Che…

SHARE

by Nicole Valinote
News
New York Extends Income State Tax Deadline To Match Date Set For Filing Of Federal Returns New York Extends Income State Tax Deadline To Match Date Set For Filing Of Federal Returns
New York Extends Income State Tax Deadline To Match Date Set For Filing Of Federal Returns New York State announced it will be extending its income tax deadline to match the federal government’s newly announced later deadline. In New York, the income tax deadline will now be Monday, May 17, a 30-day extension from the original deadline, and the same date as the new deadline for federal returns. Budget Director Robert Mujica, Jr. said that the extension is to provide New Yorkers some breathing room as the state continues dealing with COVID-19. 
“At the governor's direction, the Department of Tax and Finance will be extending the New York State income tax deadline to May 17&n…

SHARE

by Zak Failla
Politics
COVID-19: If Federal Aid Doesn't Come, NY Income Taxes Will Increase, Cuomo Says COVID-19: If Federal Aid Doesn't Come, NY Income Taxes Will Increase, Cuomo Says
Covid-19: If Federal Aid Doesn't Come, NY Income Taxes Will Increase, Cuomo Says Some of New York’s wealthiest residents could see a rise in their income taxes if the federal government fails to provide emergency aid to states that are necessary due to the COVID-19 pandemic. During an interview on WAMC Radio in Albany, Cuomo said that without funding from President Donald Trump’s administration, New York and other states will be forced to levy significant tax hikes, largely on their wealthiest residents. Cuomo has been critical of the federal government during the pandemic, constantly chiding the administration for its lack of assistance after Trump told governors that …

SHARE

by Zak Failla