NCOIL Writes IRS, FTC on Rules it Says Infringe State Regulation July 3, 2023 By Chad Hemenway The National Council of Insurance Legislators last week urged the Internal Revenue Service and the Federal Trade Commission to reconsider...
New York Man Charged in $9M Fraud Conspiracy August 25, 2021 A Brooklyn, New York, man was charged for conspiring to defraud the IRS, Acting U.S. Attorney Rachael A. Honig announced....
Man Pleads Guilty in Alleged $50M Fraud Scheme in Maryland May 14, 2018 A former Maryland resident who ran a telemarketing business hawking light bulbs and cleaning supplies has pleaded guilty to federal...
Massachusetts Chicken Eatery Owner Sentenced for Fraud November 6, 2017 A New York man who had an ownership stake in 11 fried chicken restaurants in the Boston, Mass., area has...
California Workers’ Comp Medical Mileage Rate Will Decline for 2017 December 13, 2016 The Internal Revenue Service has announced that the standard mileage rate for business miles will decline 0.5 cents per mile...
Survey Shows Many Americans Fine with Lying to the IRS, or Their Insurer March 15, 2016 By Don Jergler Call it a “little green lie.” A number of Americans apparently find it acceptable to lie when there’s money at...
IRS Scrutiny of Offshore Tax Avoidance Repels Bids for Bermuda Reinsurers May 19, 2015 By Sonali Basak The IRS’s scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies’...
Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS April 24, 2015 By Richard Rubin, Sonali Basak and Zachary R. Mider Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from...
Two Legacy Network Executives in Idaho Sentenced October 22, 2013 The former founder and chairman of the board of The Legacy Network, an insurance brokerage agency in Rexburg, Idaho, and...
IRS Says It Has No Role in Enforcing Health Insurance Mandate September 12, 2012 By Kim Dixon The Internal Revenue Service on Tuesday assured congressional lawmakers that agents would play no role in enforcing the controversial requirement...