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As we approach the end of a bumpy 2022, it’s important for taxpayers to stay informed about the latest updates from the Internal Revenue Service (IRS) and how they can help position themselves f...
Feds Give International Tax Dodgers Extra Six Months
The federal government announced in July 2013 that another delay is needed before Uncle Sam starts enforcing a law targeting international tax scofflaws. So, good news, tax dodgers. More Time Needed to Finalize International Agreements Congress passe...
Two of the highest-profile cases considered by the Supreme Court of the United States in 2013 are no doubt the ones focusing on gay marriage and same sex partners. Indeed, thousands of protestors converged in Washington, D.C. on the two days of oral ...
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. Hence, IRS complaints. People spend more than 6 billion hours...
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 marijuana legalization over two years ago. The next topic: T...
You’ve probably seen them popping up over the past couple years, but craft breweries are now more popular than ever. Beermakers are in. They provide worthy competition for the mass-produced beer the U.S. is known for. They can only brew a certa...
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 couldn’t pay a tax professional to prepare their re...
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. Here is the story of this tax evader. Attempted to Pay Tax Burden wi...
If you’re on Facebook, one of the privileges you get is to pick and choose your friends list. Every so often, after going on a friending spree, you can filter out that list and defriend people you barely know. The tax attorneys at Facebook are doin...
Phil Mickelson is one of San Diego’s most famous sports figures. But his new criticism on his tax burden as a Californian triggered a whiplash of criticism that forced the four-time major championship winner to offer a public relations mea culp...
After years of studying and crafting new rules on how to tax more hidden overseas assets, the IRS recently announced the publication of tax evasion rules for the Foreign Account Tax Compliance Act. Uncle Sam to Now Enforce Tax Evasion Rules Congress ...