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Dec
27
Top 5 IRS updates coming in 2023
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...
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Jul
27
2009 Tax Bills Lowest Over Past Three Decades
If you noticed your 2009 federal income tax bill was a bit lighter than normal, then you weren’t alone. 2009 tax bills were the lowest in decades. The Great Recession brought many families tough economic times, and Uncle Sam sought to help out by r...
Jul
23
Does Mitt Romney Owe Back Taxes?
Presidential candidate and former Massachusetts governor Mitt Romney has received a lot of media attention over the past couple weeks. And who knows whether it’s helpful for his campaign to be leader of the free world. Romney is known for making a ...
Jul
18
Actors Who Owed Back Taxes
Actors can get their hands on some serious pay days when they get that starring role in a major motion picture. But after the roles dry up and the work stops, the little money left over leaves little left for the tax man. And that can translate to ba...
Jul
12
New Reporting Prevents Underreporting of Income
If you make your living through your client’s payments, you may have been tempted to decline a few. Then, you might underreport your income to the Internal Revenue Service. But successful underreporting of income is getting more difficult. IRS ...
Jul
02
Sports Tax Breaks: A Favorite of State Capitals
When it comes to professional sports, every city wants a piece of the pie. So cities and states giving tax breaks for big league sports teams to locate and stay within their borders is nothing new. But with anything involving tax dollars, controversy...
Jun
27
Tax Relief Review: Michael K. from Minnesota
StopIRSDebt.com prepared an Offer in Compromise which was accepted for $5,000 on the $183,216 individual income tax liability...
Jun
25
Rap and R&B Musicians Who Owed Back Taxes
Musicians and back taxes seem to go together like peanut butter and jelly, and rap and R&B musicians are no exception. Rappers love to rap about money, but once they end up owing back taxes to the IRS and face multiple IRS liens, they probably st...
Jun
19
IRS Promotes Veterans Employment Tax Credits
The IRS is giving an assist to the nation’s veterans in a tough job market. But fortunately, it’s also an assist for employers. It has to do with veterans employment tax credits. Measure Helps Nation’s Brave While in Job Market With two wars wi...
Jun
07
Tax Tribunals Created In More States
Anyone who’s been to U.S. Tax Court knows how much of a hassle – or blessing – it can be. Not only does it impact your schedule, but it can place an overwhelming stress on your family. It can also be another reason to hire a lawyer, or a line o...
May
30
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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