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Student Loan Defaults Could Trigger Tax Refund Seizures

Borrowers delinquent over 270 days face default statusDebt consolidation and filing extensions may limit losses Seriously? yup. As the Trump administration predicts what it calls the...

Top 10 in CA Make Up Over Half of Korean American Nonprofits’ Budget

Korean American nonprofits in California are facing sharp funding disparities, with the largest organizations holding a disproportionate share of resources. According to an analysis by...

Korean American Twins Indicted in $700K Tee Time Broker Scheme

Federal prosecutors indicted two Korean American brothers accused of running an illegal golf tee time broker scheme that netted them more than $700,000. The...

Trump Order Forces IRS to Cut Korean and Multilingual Services

The Internal Revenue Service (IRS) is preparing to eliminate Korean and other non-English language services in response to President Donald Trump’s executive order declaring...

Trump Reverses 1099-K Rule, Raises Payment App Reporting Limit to $20,000

Tax reporting requirements for users of third-party payment apps like Venmo and PayPal are being significantly relaxed under new federal legislation.   On July 4, President...

ERC fraud penalties increase under new tax bill

The federal government has officially ended the Employee Retention Credit (ERC) program while significantly increasing penalties for improper claims under a new law signed...

Federal Tip Tax Exemption Bill Advances Toward House Vote

A proposed federal bill to exempt tip income from federal income tax is advancing in Congress, drawing both optimism and concern among Korean American...

PPP Fraud: Korean American Lawyer’s $9M Assets Forfeited Posthumously

A Korean American lawyer who once worked at a major law firm and co-founded a tech startup in New York was ordered to forfeit...

Federal Court Upholds ICE Access to IRS Data on Undocumented Immigrants

A federal court has ruled that U.S. Immigration and Customs Enforcement (ICE) can access certain taxpayer information on undocumented immigrants through the Internal Revenue...

Undocumented Immigrant Tax Reporting Could Trigger Deportation

IRS reverses policy, opens door for ICE to access tax filer data The IRS is now allowing ICE to request names and addresses of undocumented...

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