WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes since the nation’s tax collector received a massive glut of funding through Democrats’ flagship tax, climate and health law in 2022. The announcement comes under the backdrop of a promised […]
Read MoreWASHINGTON (AP) — The IRS is expanding its program that allows people to file their taxes directly with the agency for free. The federal tax collector’s Direct File program, which allows taxpayers to calculate and submit their returns to the government directly without using commercial tax preparation software, will be open to more than 30 […]
Read MoreValemount Council discussed tax exemptions for local nonprofits, councillors’ salaries, and increased taxes to fund the fire department at their regular meeting last Tuesday. Mayor Owen Torgerson called the meeting to order at 7:00 p.m. Council moved to amend the agenda by placing the revised draft of a snow removal policy under item 6.5, replacing […]
Read MoreRocky Simpson is facing over $200,000 in tax arrears related to properties owned by his businesses in Hay River. Simpson, a former Hay River South MLA and the father of current NWT Premier R.J. Simpson, is the owner of two companies based in Hay River: Concept Consulting Ltd. and Concept Energy Services Ltd. Concept Consulting […]
Read MoreBC FIPA has weighed in on the side of privacy in the debate over the implementation of the American Foreign Account Tax Compliance Act (FATCA) in this country. In our submission to a consultation by the federal Ministry of Finance on the deal signed last month between Canada and the US, we highlighted the damage […]
Read MoreInternal e mails FIPA received through freedom of information show that bureaucrats at the BC regulator of financial institutions (FICOM) have privacy concerns regarding the implementation of the US Foreign Account Tax Compliance Act (FATCA) in Canada. Download document
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