Audit

IRS warns Americans to report $600 transactions from payment processors or risky audit

IRS warns Americans to report $600 transactions from payment processors or risky audit

The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like Venmo, Paypal and Cash App, as the agency seeks data regarding part-time employment and side gigs, a move critics called a government abuse. In a recent explainer posted online, the IRS said that according to the American …

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Scathing Audit Reveals Andrew Cuomo's New York Lost $11 Billion in Unemployment Fraud in 2020

Scathing Audit Reveals Andrew Cuomo’s New York Lost $11 Billion in Unemployment Fraud in 2020

New York let fraudsters off the hook with at least $11 billion in taxpayer cash as unemployment claims soared at the height of the COVID-19 pandemic – helped by relaxed eligibility rules and an already crumbling state unemployment system, Comptroller Tom DiNapoli charged Tuesday. The $11 billion was lost in 2020, under the government of …

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