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American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …

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by Chris Spiker
News
2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools 2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools
2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools Early filers, get ready. The 2025 tax season is here! The IRS will start accepting and processing tax returns on Monday, Jan. 27, the agency said in a news release. IRS Free File also became available on Friday, Jan. 10 to taxpayers who qualify through private-sector partners. With more than 140 million tax returns expected, the IRS urged taxpayers to take advantage of updated online resources and consider using trusted tax preparers to avoid scams. "This has been a historic period of improvement for the IRS, and people will see additional tools and features to help them with filing their …

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by Chris Spiker
Sports
Ex-Eagles Player Wendell Smallwood Jr. Pleads Guilty To COVID-19, Tax Fraud Ex-Eagles Player Wendell Smallwood Jr. Pleads Guilty To COVID-19, Tax Fraud
Ex-Eagles Player Wendell Smallwood Jr. Pleads Guilty To Covid-19, Tax Fraud Former Philadelphia Eagles running back Wendell Smallwood Jr., of Mullica Hill, New Jersey, a Super Bowl champion, pleaded guilty to federal charges of wire fraud, conspiracy to commit wire fraud, and conspiracy to defraud the IRS on Wednesday, Dec. 20, in Wilmington, Delaware, according to federal court documents obtained by Daily Voice. The plea agreement outlines Smallwood's admission of guilt to defrauding COVID-19 relief programs and engaging in tax fraud schemes. Smallwood, 30, faces a maximum sentence of 50 years in prison and significant financial penalties, including resti…

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by Jillian Pikora
News
Punched Federal Corrections Officer At PA Prison Lands Kentucky Drug Trafficker Extra 41 Months Punched Federal Corrections Officer At PA Prison Lands Kentucky Drug Trafficker Extra 41 Months
Punched Federal Corrections Officer At PA Prison Lands Kentucky Drug Trafficker Extra 41 Months A Kentucky drug trafficker serving time in Pennsylvania has been sentenced to an additional 41 months in prison for punching a corrections officer at the Federal Correctional Institute (FCI) Allenwood, federal officials announced on Monday, Dec. 23. Demetrius Catching, 34, formerly of Nicholasville, Kentucky, attacked the officer in 2016 while serving a 60-month sentence for distributing crack cocaine. The sentence, handed down by U.S. District Court Judge Robert D. Mariani, will run consecutively to the 148 months Catching is already serving for drug distribution and money laundering convic…

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by Jillian Pikora
News
IRS Sending Special Payments To 1 Million Americans: Here's What To Know IRS Sending Special Payments To 1 Million Americans: Here's What To Know
IRS Sending Special Payments To 1 Million Americans: Here's What To Know The Internal Revenue Service (IRS) announced it will issue automatic payments this month to nearly one million taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax returns.  These payments aim to assist eligible individuals who missed claiming the credit, which provides up to $1,400 per person for those who didn’t receive the full amount of their Economic Impact Payments (EIPs). Who Will Receive Payments? Eligible taxpayers include those who filed a 2021 tax return but either left the Recovery Rebate Credit field blank or entered $0 despite qualifying. Payments wil…

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by Joe Lombardi
News
Holiday Deals Or Fraud? IRS Issues Warning For These Scams Holiday Deals Or Fraud? IRS Issues Warning For These Scams
Holiday Deals Or Fraud? IRS Issues Warning For These Scams As the holiday shopping season begins, the IRS reminds everyone that it’s not just your credit card balance you need to watch — it’s also your personal information. As part of its ninth annual National Tax Security Awareness Week, the IRS is warning taxpayers about a rise in holiday scams.  The scammers aren’t interested in gifts under your tree; they’re after your Social Security number and financial information instead. Here’s how scammers are getting creative—and how you can stay safe: Phishing Emails: Be wary of emails pretending to be from reputable retailers, shipping companie…

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by Joe Lombardi