Posts Tagged ‘income tax’

Lawmakers pass bills to increase corporate tax breaks

JACKSON — Businesses could be in line for more incentives in Mississippi, in addition to the more than $100 million in new tax breaks the Legislature has passed over the past two years. The House Ways and Means Committee passed three bills yesterday that would increase the use of corporate-income-tax breaks for companies that relocate […] [...]

State’s tax collections come in well over outlook

ACROSS MISSISSIPPI — Mississippi tax collections for the first quarter of the state’s fiscal year — July through August — are 5.9 percent above the estimate and $124.3 million, or 12.1 percent, above what was collected during the same period a year ago. The estimate — made by legislative leaders upon advice of the state’s […] [...]

Two-dozen former IRS workers charged with theft

by Associated Press Published: April 17,2013

Tags: arrest, benefits, income tax, law enforcement, steal, tax, taxpayer, theft

SOUTHAVEN — Twenty-four current and former Internal Revenue Service employees have been charged with stealing government benefits, federal prosecutors said today. The IRS employees were indicted on charges that they illegally received more than $250,000 in benefits including unemployment insurance payments, food stamps, welfare, and housing vouchers, the U.S. attorney’s office in Memphis said in […] [...]

Feds wants tax company shut down for multi-state offenses

by Associated Press Published: April 11,2013

Tags: bench, court, federal government, fraud, income tax, judge, justice, law, legal, tax, tax filing, tax return

MEMPHIS, Tenn. — Federal prosecutors are seeking to shut down a Memphis-based company on claims it prepared false tax returns in at least three states. The Department of Justice said it is suing Mo Money Taxes and requesting an injunction to stop it from serving as a federal tax preparer. Mo Money Taxes was criticized […] [...]

Former tax service owner’s conviction upheld

HOLLANDALE — The conviction of the owner of a Mississippi income tax service has been upheld by a federal appeals court. Mary Wesley of Hollandale was convicted in 2011 of filing doctored tax returns to the Internal Revenue Service. She was sentenced to 10 years in prison and ordered to repay $5.5 million. Wesley was […] [...]

Lawmakers pass new income tax credit legislation

JACKSON — A bill to give businesses a larger income tax credit when they pay inventory taxes is headed to Mississippi Gov. Phil Bryant. The final version of Senate Bill 2934 passed the Senate yesterday, two days after clearing the House. The bill would increase the tax credit in phases. First, it would double the […] [...]

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