Tax News

Batman/IceMan Busted: Val Kilmer Owes Over $500K to the IRS

December 30, 2010

Val Kilmer, star of Willow, Top Gun, and Batman, is being investigated by the IRS for delinquent taxes, according to The Detroit News. Kilmer, who owes the IRS… Read More

Making Work Pay Tax Credit for 2010

December 30, 2010

President Obama introduced the Making Work Pay Tax Credit in an attempt to reduce the tax burden on middle class Americans, but this tax credit is scheduled to… Read More

Tax Implications of the Health Care Law You Should Know About

December 29, 2010

Health care reform, despite the term, includes more than just a reform in how health care is managed in the United States. Health care reform includes new taxes,… Read More

67% of Americans E-Filed Their Taxes in 2009

December 24, 2010

While e-filing income taxes was once considered something only a small percentage of the general population would consider, it is now becoming the normal method of filing taxes.… Read More

The Abusive Offshore Tax Avoidance Scheme

December 22, 2010

The IRS is not only concerned with abusive tax avoidance and tax fraud schemes that are prevalent within the country but also those that occur offshore. It appears… Read More

Why the Richest Americans Pay the Least Amount of Taxes

December 15, 2010

On the surface, the American taxation system is progressive, meaning that those who make more money pay more in taxes. This kind of thinking stems from the belief… Read More

Texas Pursues Amazon for Sales Taxes

December 10, 2010

The state of Texas has a two year budget deficit estimated at $21 billion. As they look for ways to recover from the shortfall, they begun hunting Amazon… Read More

Wesley Snipes Finally Behind Bars for Tax Charges

December 9, 2010

Wesley Snipes, best known for his roles in White Men Can’t Jump, Jungle Fever and Passenger 57, finally went to federal prison today (Federal Prison Camp at the Federal Correctional… Read More

IRS Helps Homeowners Impacted With Rotting Drywall

December 6, 2010

Homeowners experiencing property losses due to certain imported drywall installed in their homes between the years 2001 and 2009 can receive assistance from the Internal Revenue Service.  The… Read More

Tax Scam: Abuse of the Home Based Business

November 29, 2010

Small business owners who operate exclusively from their homes should be on the lookout for tax schemes aimed at home businesses. It is important to understand how to… Read More