July 7, 2022 South Carolina Department of Revenue (SCDOR) agents today arrested a Georgia man and charged him with seven counts of assisting in the preparation of false or fraudulent state tax returns. Cortney Davonte Brown, 32, of Macon County, Georgia, filed a...
Michael Hogberg, EA
Georgia: June Net Tax Revenues Up 14.2%; Fiscal Year 2022 Up 23%
July 7, 2022 The State of Georgia’s June net tax collections totaled $2.85 billion for an increase of $354.2 million, or 14.2 percent, compared to June 2021 period, when net tax collections totaled $2.50 billion as of June 30, 2021. For the year-ended June 30,...
Tennessee: Get Ready to Save: Three Sales Tax Holidays in 2022
July 6, 2022 Mark your calendars! It’s time to get ready to save, with three sales tax holidays in 2022. The Tennessee General Assembly approved two additional one-time holidays this year, in addition to the traditional sales tax holiday that takes place each...
Former IRS Employee Sentenced to Prison for Tax Evasion
Wednesday, July 6, 2022 Claimed Fraudulent Deductions on Returns and Submitted Fabricated Documents to IRS A former IRS employee was sentenced to 13 months in prison today following a guilty plea in March in which he admitted to filing false tax returns and providing...
West Virginia: Gov. Justice proposes 10% personal income tax cut
July 6, 2022 oming off the greatest year of revenue collections in state history, Gov. Jim Justice announced today that he is proposing a permanent 10% cut of the personal income tax. Under the Governor’s proposal, the 10% tax cut will be retroactive to the beginning...
Indiana: Update on Unemployment Benefits and Taxes
On April 22, the Indiana General Assembly did not adopt certain provisions of the current Internal Revenue Code and Governor Eric Holcomb signed this into law on April 29. As a result, Indiana taxpayers cannot use the federal unemployment compensation exclusion on...
Kentucky: 2022 State Real Property Tax Rate Drops to 11.5 cents
Rate decreases for the second time since 2008 July 1, 2022 The Kentucky Department of Revenue (DOR) has set the 2022 State Real Property Tax Rate at 11.5 cents per $100 of assessed value. Kentucky Revised Statute 132.020 requires DOR to set the real property rate no...
Bagel Company Owner Sentenced to Prison for Tax Evasion and Wire Fraud Conspiracy
Friday, July 1, 2022 Joseph Smith, 57, formerly of Fishkill, New York, was sentenced to three years and six months in prison, three years of supervised release, and ordered to pay $2,100,450 in restitution by U.S. District Court Judge Gerald J. Pappert for his scheme...
Texas: State Sales Tax Revenue Totaled $3.7 Billion in June
July 1, 2022 Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.68 billion in June, 16.4 percent more than in June 2021. The majority of June sales tax revenue is based on sales made in May and remitted to the agency in June. As a result of a...
Utah Tax Preparer Pleads Guilty to Tax Evasion and Obstructing IRS
Thursday, June 30, 2022 A Utah professional tax preparer pleaded guilty today to tax evasion, conspiring to defraud the United States and obstructing the IRS’s efforts to collect his personal tax debt. According to court documents, Sergio Sosa, of Orem, owned and...