I’m Not a Player, I Just Don’t Pay My Taxes A Lot!
Rapper “Fat Joe” is facing two years in prison in addition to a hefty $100K fine for not paying federal taxes on unfiled income. He plead guilty in a federal court in Newark last Thursday. “Fat Joe”...
View ArticleIRS Releases a 3-Part Report to Fix Tax Exempt Applications
In Washington on June 24, 2013-Danny Werfel, Internal Revenue Service Principal Deputy Commissioner, releases a 3-part report describing the actions to fix issues that were discovered throughout the...
View ArticleIRS Issues Reminder To Victims of Boston Marathon Explosions
To those US tax payers that were affected by the Boston Marathon Explosions a reminder is issued from the IRS that you have until Monday, July 15, to file and pay your US income taxes. If you should...
View ArticleIRA Withdrawal; Taxed or Not Taxed?
Generally withdrawals from IRAs (individual retirement accounts) as well as other tax deffered retirement plans are in fact taxable by the federal government. You should also expect to pay state income...
View ArticlePayroll Companies Busted!
Most US employers subcontract payroll and associated tax responsibilities to intermediary payers such as payroll service suppliers. If the company that is being outsourced is trustworthy they can help...
View Article“First Lady” of Tax Fraud Gets Busted!!
Self proclaimed “First Lady” of tax fraud Rashia Wilson, 27 years old, of Tampa Florida taunted the IRS for years about openly stealing close to $3 Million when in fact its actually about $20 million....
View ArticleBeware of Fake IRS Websites
With tax and identification fraud on the rise, the IRS issues warnings to be cautious of fictitious IRS websites. Apparently there are quite a number of website wannabes that are solely in place to...
View ArticleSales Tax Holidays Coming Up
Many states will soon be having their sales tax holidays. During these particular days sales tax will not be imposed on purchases. Yes, that means what you see on the sales tag is what you will pay, no...
View ArticleReal Housewives of Tax Evasion
Seems as though celebrities can’t keep themselves away from the spotlight even if it means being indicted on 39 counts of fraud and tax evasion. This morning in New Jersey, ‘Real Housewives of New...
View ArticleIRS Opens Online Registration for FATCA
The IRS has officially opened the online registration for the Foreign Account Tax Compliance Act (FATCA). The system was designed for financial institutes that are required to register with the IRS to...
View Article