The National Council of Insurance Legislators last week urged the Internal Revenue Service and the Federal Trade Commission to reconsider proposed rules that the organization said encroaches on state regulation. The first of the letters from NCOIL addresses a years …
A Brooklyn, New York, man was charged for conspiring to defraud the IRS, Acting U.S. Attorney Rachael A. Honig announced. Aleksander Zaretser is charged by indictment with conspiracy to defraud the IRS. He will be arraigned on a date to …
A former Maryland resident who ran a telemarketing business hawking light bulbs and cleaning supplies has pleaded guilty to federal charges of conspiracy to commit mail fraud and conspiracy to defraud the IRS. Fifty-seven-year-old Eric Epstein of Pompano Beach, Florida, …
A New York man who had an ownership stake in 11 fried chicken restaurants in the Boston, Mass., area has been sentenced to two-and-a-half years in prison for tax, insurance and immigration fraud. Federal prosecutors say 58-year-old Hazrat Khalid Khan, …
The Internal Revenue Service has announced that the standard mileage rate for business miles will decline 0.5 cents per mile to 53.5 cents per mile as of Jan. 1, 2017. The California Workers’ Compensation Institute said this means the mileage …
Call it a “little green lie.” A number of Americans apparently find it acceptable to lie when there’s money at stake. A survey of 2,115 American adults from NerdWallet conducted in February shows a surprising number of people will fib …
The IRS’s scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies’ value. Montpelier Re Holdings Ltd. and Platinum Underwriters Holdings Ltd., both based in Bermuda, have each said in recent regulatory …
Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules published Thursday, said that the favorable treatment enjoyed by insurers …
The former founder and chairman of the board of The Legacy Network, an insurance brokerage agency in Rexburg, Idaho, and his son were sentenced on Wednesday in United States District Court in Pocatello. The sentencing was announced by U.S. Attorney …
The Internal Revenue Service on Tuesday assured congressional lawmakers that agents would play no role in enforcing the controversial requirement that Americans buy insurance under President Barack Obama’s healthcare overhaul. “IRS revenue agents will not be involved. There will not …
