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Tax Penalties: Everything You Need to Know

The IRS always gets its money. Always. Whether we like it or not, some portion of our income will skip right past our wallets and head directly to Uncle Sam. When it doesn’t, that’s when we find o...

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Feds to Tax Stateless Income
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. So they’ve focused their attention on stateless income. What’...
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Tax Reform a Hot Washington Topic
President Obama and Powerful D.C. Politicians Join the Debate Tax reform is a topic that seemingly Washington, D.C. politicians like to talk about. It seems like they have an easier time talking about it if they claim it’s broken and that they ...
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Senate Approves More Tax Court Judges
Approval Paves the Way for Hearing More Tax Cases In a rare episode of cooperation and bipartisanship, the United States Senate approved two of President Obama’s nominees for the U.S. Tax Court in early August. The approval shows a unique insta...
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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 Co...
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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 conver...
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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 s...
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States Look to Raise Money by Taxing Pot
While States Legalize, Revenue Estimates Remain Murky Now that two states – Colorado and Washington – have legalized marijuana, it seems that the momentum to legalize it is starting to pick up steam after California voters rejected mariju...
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Beermakers Look to Brew Tax Cuts
Craft Breweries Call for Tax Changes You’ve probably seen them popping up over the past couple years, but craft breweries are now more popular than ever. They provide worthy competition for the mass-produced beer the U.S. is known for. They can...
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Nearly $1 Billion Owed to Non-Filers
Three-year Window to Claim 2009 Refunds Expires April 15 The IRS is sitting on nearly $1 billion in unclaimed refunds, and taxpayers are running out of time to get their hard-earned money back. During 2009, when unemployment was high and many people ...
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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...
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