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Tag Archives: loophole

Governor Hochul Vetoes Condominium Tax Loophole

On December 27, 2022, Governor Kathy Hochul vetoed a bill that aimed to close a tax loophole for condominium owners in New York. The bill, which was passed by the state legislature earlier this year, would have required condominium owners … Continue reading

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Small Businesses are Using Zelle for Tax Loophole

Over the past year, it is becoming more common for small businesses to no longer accept 3rd party payment options like Venmo, Cash App, and PayPal; however, a lot are still accepting Zelle. The reasoning for this is that … Continue reading

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Offshore Tax Loophole Helps Americans Cheat the IRS, Says the Senate

For years, people across the country have tried countless times to scam, trick, or do something to get around the IRS and their relentless nature of tax collection. Most of the time, those people have gotten caught and slapped … Continue reading

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