A married couple in Clinton, Md. were convicted by a federal jury on June 7 of one count of conspiracy to defraud the Internal Revenue Service (IRS) and four counts of filing false income tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Robert […]
Boston Collision Repair Shop Owner Pleads Guilty to Tax Fraud
Massachusetts shop owner failed to report over $569,000 in income to the IRS. The owner of a Hyde Park auto body shop pleaded guilty October 15 in federal court in Boston in connection with preparing false tax returns for his company, Automotive Specialties Inc. Richard Poillucci, 62, of Easton, Mass., pleaded guilty to three counts […]
California Looks to Pass on Insurance Company Savings from Federal Tax Legislation to Policyholders
Consumer Federation asking all states to do so California Insurance Commissioner Dave Jones directed his department to commence a regulatory review of insurers’ rates and other lines of business where insurers would benefit from the federal tax cuts. The purpose of that review is to identify specific legal authority and necessary amendments to rate formulas […]
Auto Care Association, Auto Manufacturers Applaud Removal of Border Adjustment Tax from Reform
The Auto Care Association is pleased and relieved to see that the tax reform framework negotiated by House Speaker Paul Ryan (R-WI), Senate Majority Leader Mitch McConnell (R-KY), Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, Senate Finance Committee Chairman Orrin Hatch (R-UT), and House Ways and Means Committee Chairman Kevin Brady (R-TX), […]
ASA Leaders Discuss Tax Policy at White House Meeting
On June 14, Automotive Service Association (ASA) board member Bob Wills and Washington, D.C., Representative Bob Redding joined with other automotive industry leaders at the Automobile Industry Tax Reform Listening Session at the White House. Gary Cohn, director of the National Economic Council, spoke to the group about the administration’s tax reform proposals. Wills and […]
Auto Care Association Urges Congress to Stop Border Adjustment Tax
The Auto Care Association has joined Americans for Affordable Products (AAP), a coalition of businesses and trade associations, to stop the Border Adjustment Tax (BAT). AAP is running a national campaign to mobilize consumers and show lawmakers that a discriminatory tax on imports will result in their constituents paying higher prices for everyday items such […]