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Posts Tagged ‘IRS’

Sen. Carlos Uresti indicted on federal fraud charges

Very bad. State Sen. Carlos Uresti, accused of misleading a former client who invested in a company in which Uresti has a financial stake, was indicted by a federal grand jury on 11 charges over his involvement in the alleged investment Ponzi scheme — in addition to a separate indictment alleging bribery. In the first […]

FBI and IRS raid Sen. Carlos Uresti’s office

That’s never a good thing. FBI and IRS agents raided the San Antonio law offices of state Sen. Carlos Uresti on Thursday morning — confiscating documents and other items. A law enforcement source told the the San Antonio Express-News, which first reported the raid Thursday, that it was connected to Uresti’s involvement with a now-bankrupt […]

Empower Texans could have some tax problems

Schadenfreude alert: Empower Texans, an organization at the center of the state’s far-right conservative movement, reported no political expenses on its 2012 tax returns to the Internal Revenue Service, despite showing $350,000 in campaign expenditures to state authorities, documents show. The group, which claims to support fiscal responsibility and greater transparency in government, is best […]

Regulating Bitcoin in Texas

Bitcoin regulations. We have ’em. Texas will not treat Bitcoin and other virtual currencies as legal money, according to a new memo from the Texas Department of Banking. Yet some companies that deal in Bitcoin transactions could draw state oversight, even if they are based outside of Texas. Texas Banking Commissioner Charles Cooper issued a memo this month […]

Hall’s tax troubles, again

This isn’t new news, but it’s getting a lot more play now. Top mayoral challenger Ben Hall agreed to pay the IRS more than $680,000 in back taxes and penalties earlier this year, court documents show. On Jan. 16, less than a week before Hall made his first campaign expenditures as a mayoral candidate, the […]

Dark money

It’s a small step, if it’s allowed to be taken, but the bill to require donor disclosure on so-called “dark money” is a step in the right direction. Senate Bill 346 takes direct aim at the cloak of anonymity that currently shields so-called “dark money” groups – those tax-exempt organizations whose donors drop big bucks […]

“Non-profit” college sports

Really good read in the Statesman. One way to view Mack Brown’s recent salary modification, to as much as $5.7 million this year with performance bonuses, is that the University of Texas’s generosity has made him the highest-paid college coach in the country. But there’s another way to look at it: Brown is also one […]

Green’s tax liens

I know some people think that the Mayor’s race is boring, so perhaps they should take a look at the City Controller’s race instead. The Internal Revenue Service has filed two tax liens on City Councilman Ronald Green for more than $120,000 in alleged federal tax debt and fees, according to public documents unearthed by […]