Claiming certain deductions can lower your tax bill and put more money back in your pocket when it’s time to file. While most taxpayers are aware of the benefits of itemizing for things like mortgage interest and charitable donations, there are some less well-known deductions you could be missing out on. If you’re looking to [...]

America is becoming the land of taxation even though it was founded to avoid taxation. Each year the tax code gets more and more complex in order to fund new government programs, fund existing government programs and to find an optimal taxation formula to collect the most tax revenues. With taxes rising in 2013 individuals [...]

Taxes are a necessity to pay for government programs in different nations, but the rates of taxation are historically a hot-button issue. In 1966, the Beatles released a song that exuded frustrations with taxation on the middle class entitled “Taxman”. The song itself was based off of member George Harrison’s personal frustrations with the British [...]

The history of income tax in the United States is an interesting one; with many changes along the way to how income is taxed and even changes to what is considered income. Benjamin Franklin said it best in a letter to Jean-Baptiste Leroy in 1789: “Our new Constitution is now established, and has an appearance [...]

As if Lindsay Lohan hasn’t had enough negative publicity lately, she has now been hit with an IRS tax lien. According to official documents filed in Los Angeles County, the actress failed to pay $93,701.57 in federal income taxes back in 2009. Sources for Lohan told TMZ that the 25-year-old had no knowledge of her [...]

Record producer, songwriter and rapper Jermaine Dupri (also known as “JD”) has finally paid off his back taxes from 2007 – but at a cost nearly twice the amount of the initial tax lien filed against him, according to TMZ. JD’s original tax bill totaled $254,782.64. However, Georgia records show that late fees, penalties and [...]

The IRS has reportedly filed a tax lien against rapper Bow Wow in the state of Florida. According to TMZ, the 24-year-old, whose real name is Shad Gregory Moss, owes $91,105.61 in unpaid taxes from 2006. Bow Wow, who has been criticized lately for pushing back the release of his upcoming album, Underrated, claims that [...]

It’s becoming a question of whether celebs go on the hit ABC show Dancing with the Stars because they are struggling financially, or if the stars’ tax woes arise as part of some sort of DWTS curse. According to The Detroit News, Kelly Monaco is the latest Dancing with the Stars alumn to have a tax [...]

One million dollars! Its a sexy number. $1,000,000. It’s nice to look at. It’s fun to say. America is gearing up to crown its latest member to the esteemed millionaire club on the Wednesday night season finale of America’s Got Talent. That is, if we are to believe what the promotions are telling us. But [...]

Jennifer Lopez and ex husband Ojani Noa are at it again, and this time, the IRS is getting involved.