After our last post on infamous rappers known for more than one thing (to us - rapping; to the IRS - owing back taxes), we’ve discovered four more… Read More
The IRS 1099-Misc form has always been used to track payments made from one company to either an individual or another company that are not salary-based. If you… Read More
Private jets, luxury suites, and the finest bottles of champagne - ‘necessities’ popular among America’s most loved and admired rappers may soon have to take on a lower… Read More
Journalism is not what it used to be and the Federal Trade Commission is exploring ways to reinvent the craft. The FTC proposed that the US government should… Read More
As headlines regarding New Jersey Housewife Teresa Giudice's $11 million liability and bankruptcy filing surface newspapers, magazines, and blogs alike, America is beginning to realize that financial hardship… Read More
Macy Gray is the latest celebrity with tax problems. Macy owes the California Tax Franchise Board more than $50,000 in unpaid taxes, according to The Detroit News. Macy Gray… Read More
A common tax penalty for self employed individuals is the underpayment penalty for not paying enough estimated taxes. The IRS requires that self-employed individuals must estimate their annual… Read More
There are a few penalties the IRS charges that can be removed, including the IRS failure-to-file penalty – which is the most common and harshest of IRS penalties… Read More
The IRS could delay or even seize Federal tax refunds for taxpayers failing to comply with new government regulations in the healthcare bill that requires individuals to have… Read More
With the passage of the new Healthcare bill by Congress, the IRS will have much more power than before. Examples, include docked refunds for failing to buy insurance,… Read More