article thumbnail

Utah Movie Producer Found Guilty of $1 Million in Tax Crimes

CPA Practice

A federal jury convicted a Utah man on June 4, 2024, of tax evasion and forcibly retaking property that had been seized by the government to pay his outstanding tax debt. From 1999 through 2005, Cromar did not file any federal income tax returns or pay any tax. in taxes, interest and penalties.

Utah 95
article thumbnail

Utah Accounting Firm and Dudes Who Work There Busted For ERC Fraud

Going Concern

TL;DR Two guys and their accounting firm are accused of filing false tax returns and a touch of COVID relief fraud. 1 charging two Utah County men and an accounting firm with claiming an excess of $11 million in tax credits through a COVID-related fraud scheme. Read: A federal grand jury returned an indictment on Feb.

Utah 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Utah State Tax Updates

Withum

For the latest news and updates on Utah state and local tax. Utah Seeks to Lower Income Tax Rates and Improve the State EITC Program. On February 11, 2022, Utah’s Governor Spencer Cox signed S.B. This bill lowers the corporate and individual income tax rate to 4.85% from 4.95%. March 2020.

Utah 52
article thumbnail

What's new in state sales and use taxes

TaxConnex

The current online resource used for sales tax filing (e-TIDES) will be retired this November and the state will move sales tax services to the online system currently used for most other tax types, myPATH. for how this will change sales tax filing and other taxpayer services?when when the transition occurs.

Sales 246
article thumbnail

Sales tax and nonprofits

TaxConnex

Definitions For Federal income tax purposes, according to the IRS , tax-exempt organizations include: Charitable: Organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational or other specified purposes.

Sales 147
article thumbnail

How the 50 States Rank By Tax Burden

CPA Practice

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

article thumbnail

How the 50 States Rank By Tax Burden

CPA Practice

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.