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Healthcare and Taxes: What You Need to Know

Healthcare and taxes is a confusing subject in the United States, and it has been this way ever since Obamacare came into the picture. American taxpayers are obligated to get insured or face a tax penalty — but that’s just scraping the surface of how health insurance impacts taxes here. It’s a complex subject to […]

Study: Living Closer to the IRS Means You’re More Likely to be Audited

Many business owners fear being audited by the IRS, but those that reside close to IRS offices have more rational. In a study conducted by professors from universities in Kansas, Texas, and South Carolina, public companies located near the IRS are more likely to face an audit and are more likely to engage in tax […]

You Need to Know THIS About Reporting Health Insurance

The Affordable Care Act has been debated since its inception, and now Trump’s executive order may have affected how you report your coverage on your tax return. The executive order gave the Department of Health and Human Services the authority to roll back certain aspects of the ACA. It appears that what this means for […]

Tax Delinquency Lists Haunt Those with Tax Debt

Get Off the Bad List By Paying Back Tax Debt If you’re thinking that not paying your state or federal back taxes won’t come back to haunt you later, you’re wrong. The pain comes in multiple forms: financial, legal, and, now, reputational. That’s right: Officials from state tax departments across the country are taking measures […]

Feds to Tax Stateless Income

Multinational Corporations’ Coffers on Uncle Sam’s Target List They say that every dog has its day. And when it comes to taxes, the federal government is hoping the same applies to multinational corporations that do international business. High-ranking officials with the Internal Revenue Service and the Treasury Department are making noise about going after revenue […]

Feds Give International Tax Dodgers Extra Six Months

More Time Needed to Finalize International Agreements The federal government announced in July 2013 that another delay is needed before Uncle Sam starts enforcing a law targeting international tax scofflaws. Congress passed the Foreign Account Tax Compliance Act in 2010 as a measure intended to recoup some of the $100 billion the U.S. government loses […]

Gay Marriage Could Wed More Couples with Higher Taxes

As Supreme Court Considers Same-Sex Marriage, Tax Changes Linger Two of the highest-profile cases considered by the Supreme Court of the United States in 2013 are no doubt the ones focusing on same sex marriage. Indeed, thousands of protestors converged in Washington, D.C. on the two days of oral arguments to make their voices heard. […]

IRS Complaints Made for a Variety of Reasons

Bad IRS Reviews Lead to Growing Number of Complaints The Internal Revenue Service (IRS) is perhaps the most unpopular government agency next to Congress, and the nation’s complex tax code doesn’t make things easier for taxpayers. People spend more than 6 billion hours annually navigating the tax code. And that includes all the hoops and […]

Feds Crack Down on Massive Tax Evader

Attempted to Pay Tax Burden with Fake Bonds Nobody likes paying taxes, but an organization president who preached noncompliance with federal tax laws is now set to avoid taxes for a while as he sits in a federal penitentiary. James Timothy Turner was the president of the Republic for the United States of America. He […]

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