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Month: May 2012

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Supreme Court Cuts Investigations for Tax Schemes
If you’ve ever had to work for a living chances are you probably hated one of your bosses over the years. But you’d probably think differently if that boss was a complicated tax shelter saving you millions of dollars. Enter: the Supreme Court. Wh...
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IRS More Willing to Make A Deal
Looking to give a little leeway to struggling taxpayers, the IRS recently announced that it was loosening the terms for those trying to strike a deal with their back tax debt. IRS Announces More Flexible Offer in Compromise Terms IRS Offers in Compro...
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Facebook Founder Unfriends US, Taxes
Eduardo Saverin was pretty much unknown to the millions of Facebook users before “The Social Network” hit movie screens in 2010. His tax bill will also be unknown to the IRS now that he’s renounced his US citizenship. What does that mean for th...
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Expertly Preparing for an IRS Audit
Getting audited by the IRS is a hassle no one needs. So when you get the letter in the mail that an IRS agent is analyzing your tax returns, knowing what to expect to make the process run smoothly can lessen the pain. That’s why you must start ...
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Writing Off Food and Travel Expenses
Recruiting and gaining clients gets your business the work it needs to stay afloat. So, when pitching your firm’s services to those prospective clients over lunch, make sure to follow all the rules when deducting expenses for meals and travel. Here...
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IRS Seizes Money 3.7 Million Times in 2011
The IRS seizes money regularly. Last year was a pretty busy one for the bean counters at the IRS, and for millions of taxpayers, too. The IRS garnished wages and instituted bank levies 3.7 million times in 2011, leaving perhaps millions of taxpayers ...
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Apple’s Legal Maneuvers Avoid Taxes
Apple’s products are everywhere. The iPhone is one of the most popular cell phones on the market. And the iPad is increasingly becoming a necessity for white collar professionals. But they avoid taxes just as famously. But while Apple products are ...
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Pamela Anderson in Tax Trouble
Pamela Anderson may have been living the good life as a model and actress for several years, but those times are coming to an end as the taxman comes after her. Pamela Anderson Owes More than Half a Million The Canadian-born model, actress and Playbo...
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States Collect More Tax Revenue
States across the US lost out on billions of dollars in valuable tax revenue over the past few years, but they’re now recouping a bit more as the economy starts picking up. Better Economy, More Tax Revenue An improving economy combined with enhance...
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