Tax News

Don’t Forget to Take Advantage of the American Opportunity Tax Credit

November 23, 2010

While many Americans remain unemployed, the federal government has extended further relief in the form of the Unemployment Compensation Extension Act Of 2010. The bill has extended unemployment… Read More

Lamont Dozier, Famous Song Writer, Hit With Massive Tax Bill

November 22, 2010

Lamont Dozier made a name for himself as a key founder of the new upbeat genre that quickly acquired the name, the “Motown Sound.” Creating some of the… Read More

Tax Scam: Abuse of Charitable Deductions

November 9, 2010

Paying taxes is something that every American wish they did not have to do. For as long as taxes have existed taxpayers have been trying to find ways… Read More

The 10 Best State Business Tax Climates by the Tax Foundation

October 4, 2010

About four times a year, the Tax Foundation publishes a paper to explore an economic issue explored by economists and scholars.  The foundation is a nonprofit organization for… Read More

Understanding How the New Wealth Taxes Will Affect You

September 23, 2010

The upcoming health care reform bill passed in March 2010 included new taxes to help pay for the changes to the health care system, which is designed to… Read More

Crocodile Dundee Bit by the Tax Man: The Whole Story

September 20, 2010

In America we know him as Crocodile Dundee, however Paul Hogan has become known for something else in his native Australia. According to the Australian Taxation Office(ATO), Hogan is… Read More

2010 is the Year to Die: Understanding Changes to the Estate Tax

August 19, 2010

If you got a lot of cash, this may be your year to kick the bucket. 2010 is a year in which Congress has permitted the estate tax… Read More

Is Khloe Kardashian Dashing Her Tax Bill?

August 6, 2010

Between her two reality TV shows, clothing store DASH, and LA Laker husband Lamar Odom,  Khloe Kardashian has still somehow managed to score herself a tax lien. Last… Read More

Tax Preparers Must Be Registered in 2011

August 4, 2010

Beginning in 2011, the Internal Revenue Service will be changing the rules for tax preparers who are paid to complete and file an individual or a business tax… Read More

Chris Tucker Owes the IRS…Again

July 30, 2010

Just about a year ago, we reported on funny guy Chris Tucker owing over $3 million in back taxes. You’d think that his reported $20 million ‘Rush Hour… Read More