Tax Blog

Tax Hacks For Divorce

Tax Hacks For Divorce


September 28, 2016    Tony

We get it—taxes are dull. Perhaps that’s why, in a feat of irony, nobody learns how to do them in school. For their monotony, however, taxes are a clever system. They may not seem like a big deal, but these devils can add up quick. Our fore-parents knew the cost of taxes and were pretty […]

IRS Demands Over $2 Million From Nelly


September 20, 2016    Tony

Rap artist Cornell Haynes Jr., known as Nelly, faces tax problems with the Internal Revenue Service (IRS). Nelly has been given about a 2.4 million dollar federal tax lien for 2013, according to insiders from TMZ. He is at risk to lose his other properties and all his assets if he does not pay up. For […]

IRS Impersonators Take On New Approach

IRS Impersonators Take On New Approach


September 7, 2016    Tony

Criminals impersonating the Internal Revenue Service (IRS) have been targeting anyone with a phone number. Menacing phone calls are being made to civilians by scammers. Initially, scammers would make live phone calls when impersonating the IRS. However, taxpayers are now also being victimized by robocalls. Many people have been succumbing to this scam. It is […]

Indian Tribe Loses Major Battle With IRS After Refusing To Pay Taxes

Indian Tribe Loses Major Battle With IRS After Refusing To Pay Taxes


August 24, 2016    Tony

Miccosukee Tribe of Indians is a federally recognized Indian Tribe residing in the historic Florida Everglades – an area referred to as a “River of Grass” by legendary environmental and social activist Marjory Stoneman Douglas. Being a sovereign citizen means that the resident does not have to follow the laws of another nation; therefore, the […]

IRS Slaps Real Housewives Star With Tax Lien

IRS Slaps Real Housewives Star With Tax Lien


August 23, 2016    Tony

The Real Housewives are going through some tax problems with the Internal Revenue Service (IRS), according to PEOPLE.com. Linnethia Monique Leakes, who is one of the housewives and former Dancing with the Stars competitor, owes more than $800,000 in back taxes for the year 2014. The IRS made their demand for payment of the liability […]

IRS To Tax Team USA Medalists

IRS To Tax Team USA Medalists


August 12, 2016    Tony

The 2016 Olympics are finally here. Team USA’s 554 athletes have traveled to Rio de Janeiro, Brazil to compete in the Olympic Games. United States athletes who win gold, silver or bronze medals receive monetary awards. However, winning doesn’t come cheap. The Internal Revenue Service (IRS) recognizes and taxes these awards as regular income. Team […]

Complaint Filed with the IRS Accuses Trump Foundation Of Illegal Activity

Complaint Filed with the IRS Accuses Trump Foundation Of Illegal Activity


August 10, 2016    Tony

Citizens for Responsibility and Ethics in Washington (CREW) filed a complaint with Internal Revenue Service (IRS) accusing the Trump Foundation of illegal involvement in the Trump Presidential Campaign. The complaint alleges that the Trump Foundation may have broken tax-exempt organization rules by engaging in prohibited political activities. The Trump Foundation is a tax-exempt organization; and […]

Donald Trump Plans To Strengthen Economy With Tax Cuts

Donald Trump Plans To Strengthen Economy With Tax Cuts


August 8, 2016    Tony

Republican nominee Donald Trump has pledged to bolster the economy with tax cuts, according to the Wall Street Journal‎. During the convention, the Republican Party had initially planned to raise the tax rate to 25%. However, Trump vowed Monday to raise the tax rate to 33%, which is less than the current top rate for the […]

Court Accuses IRS Of Continuing To Discriminate Against Tea Party Groups

Court Accuses IRS Of Continuing To Discriminate Against Tea Party Groups


August 8, 2016    Tony

The IRS is facing yet another reprimand with a federal appeals court this month. IRS problems arise, as the appeals court is commanding that the revenue agency proves that they have put an end to targeting tea party groups because of their political disposition, according to WashingtonTimes.com. Judge Sentelle quoted, “We would advise the IRS: […]

Facebook Could Owe IRS Billions Of Dollars

Facebook Could Owe IRS Billions Of Dollars


August 5, 2016    Tony

Facebook’s website was launched on August 4th, 2004 by Mark Zuckerberg, along with the help of some friends from Harvard. Facebook currently has over 1.5 billion users, which increases by 20% annually. There are also 1.13 billion people using the social media platform daily; therefore, Facebook is by far one of the top ranked websites […]