Connect with us

Missouri

Missouri thwarted multi-million income-tax fraud scheme

Published

on

Missouri thwarted multi-million income-tax fraud scheme


KANSAS CITY, Mo. — Tucked away on the backside of the January 2023 Normal Income Report, the Missouri Workplace of Administration mentioned Missouri had been focused in a multi-million greenback “fraud scheme.”

The state didn’t provide a lot element concerning the scheme apart from the word in a Feb. 8 electronic mail: “The expansion price for particular person revenue tax is artificially excessive as a consequence of a person fraud scheme. The fraudulent funds can be reversed throughout February 2023.”

Missouri reported a 14.5% enhance in particular person income-tax collections and a 21.5% soar in company income- and franchise-tax collections year-over-year in January 2023.

The state offered just a little extra context Friday in a information launch for the February 2023 Normal Income Report.

Advertisement

It mentioned the fraud scheme “tried to make faux revenue tax funds from faux financial institution accounts with the intent to set off a refund within the Division of Income’s cost system,” in line with an electronic mail from the Missouri Workplace of Administration.

The fraudulent funds from January had been reversed February, which resulted in a a 0.8% drop in particular person income-tax collections and 13.9% lower in company income- and franchise-tax collections from month to month.

Missouri officers referred to as these progress charges “artificially low” on account of the tried fraud scheme, however burdened that no taxpayer {dollars} had been ever despatched to the perpetrators.

“The Division of Income’s Taxation Division confirmed that no Missouri taxpayer cash was misplaced,” State Finances Director Dan Haug mentioned.

Legislation enforcement has been contacted concerning the scheme.

Advertisement

The Missouri Division of Income didn’t reply to a message from KSHB 41 for extra details about the scheme, which tried to dupe the state into issuing $118 million in fraudulent refunds, in line with the Missouri Unbiased and different media shops reported.





Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Missouri

Missouri falls to Florida in SEC softball title game

Published

on

Missouri falls to Florida in SEC softball title game


AUBURN, Ala. — The Missouri Tigers’ run through the Southeastern Conference Softball Tournament fell just short Saturday.

The Tigers dropped a 6-1 decision to the Florida Gators in the SEC championship game. The Tigers (43-15) now await the NCAA Softball Selection Show at 6 p.m. today to determine their postseason fate.



Source link

Continue Reading

Missouri

University of Missouri new graduates experience first traditional graduation ceremonies – ABC17NEWS

Published

on

University of Missouri new graduates experience first traditional graduation ceremonies – ABC17NEWS


COLUMBIA, MO. (KMIZ)

For some University of Missouri 2024 graduates, the ceremonies held by the university marks their first traditional graduations.

The class of 2024 was a part of the high school graduating class of 2020, whose ending to the school year was altered due to the COVID-19 pandemic. According to data from Education Week, roughly 55.1 million students in 124,000 public and private schools across the United States closed their schools between March 6, 2020 through May 15, 2020.

Most states in the nation recommended either ordered, or recommended closing for the remainder of the 2019-2020 school year, according to Education Week.

Advertisement

The Centers for Disease Control and Prevention also estimates 16,890 schools experienced 19,273 school closures between July 27, 2020 through June 30, 2021. This resulted in the loss of 159 million in-person school days.

Due to the rising cases of COVID-19, the CDC recommended people social distance, stick to small gatherings and wear masks. Part of those recommendations didn’t allow formal graduation ceremonies to take place for many high schools across the nation.

Emily Staples went to high school in Orlando, Florida where her school district moved ceremonies to a virtual setting. In 2024, Staples was finally able to get the celebration she had hoped for in 2020, joined alongside her parents and two uncles as she received a bachelors in health science from MU.

Though 2020 was a disappointing ending to the year, Staples said it created more excitement this time around.

“I mean, it was sad…I understood why it happened, I live in a big city so you know that was kinda gut wrenching you know, my senior year was taken from me,” Staples said. “But I’m excited to have come here and get to have a formal ceremony tonight.”

Advertisement



Source link

Continue Reading

Missouri

Missouri State University leaving Missouri Valley Conference

Published

on

Missouri State University leaving Missouri Valley Conference


SPRINGFIELD, Mo. – Change is coming within the Missouri Valley Conference.

Missouri State University released a statement Friday saying it is leaving the current 12-team MVC to be part of Conference USA July 1, 2025. Bradley University and Illinois State University are among the current members of The Valley.

Missouri State has scheduled a 1 p.m. news conference Monday to formally announce its transition plans.

Missouri State has been a member of the Missouri Valley Conference since 1990.

Advertisement

The announcement mostly benefits MSU’s football program which will be placed in the NCAA’s exclusive Division I Football Bowl Subdivision (FBS) for the first time.

“This move represents a transition to a national brand and a platform that will help raise the profile of Missouri State University and the city of Springfield,” Director of Athletics Kyle Moats said in the statement. “The steps we have taken over the past 15 years to invest in a successful broad-based athletics program have prepared us for this long-awaited moment.”

Missouri State will retain its membership in the Missouri Valley Football Conference for the 2024-25 season. All sports currently in the MVC will be eligible for regular season and postseason championships.

Missouri State’s invitation to Conference USA was unanimously approved by the university’s Board of Governors Thursday. MSU’s application to change Division I classifications from FCS to FBS is also subject to formal approval by the NCAA.





Source link

Advertisement
Continue Reading

Trending