David Letterman ran a top 10 list on ways to annoy an IRS agent. When it comes to dealing with an IRS agent you may want to do many of these things but if by any chance you end up running into John Carpenter, you should probably think twice. John Carpenter, playing for the million on Who Wants to Be a Millionaire. He was the ... Read More
Tax Blog
Otis Williams of the Temptations Owes $176K in Back Taxes
Otis Williams, a co-founder of the Motown group The Temptations, owes the IRS $176K in back taxes. The company related to The Temptations is also said to owe back taxes as well. The group is said to owe an additional $102K in back taxes to the IRS adding to ta total of $278K in federal back taxes, according to The Detroit ... Read More
HP Receives IRS Notice About Back Taxes
HP or Hewlett-Packard is facing some tax problems as the IRS is claiming through a "notice of deficiency" that they owe around $95 million dollars from 2004-2005, with about $90 million in principal, and $5 million in penalties according to the Financial Times. This is interesting as HP has won previous contracts in the past to ... Read More
Tax Services: Use a Large, Nationwide Firm or Small Local Firm?
If you have tax problems and are looking for professional help it is important to find a reliable tax company to help. There are many companies out there that can help, large and small. Both large and small companies have their benefits. Depending on what you are looking for in a tax company and what your tax situation is should ... Read More
Maryland Tax Amnesty Will Last for 2 Months
This week, the State of Maryland will start their program "Maryland's Tax Do Over" that will last from September 1st through October 30th, for Maryland taxpayers who did not pay or file their taxes as SB552 was approved by the governor on May 7th, 2009. The amnesty will cover penalties and 1/2 the interest attributed to those ... Read More
Julio Cesar Chavez vs IRS: Chavez Owes $12.7M in Back Taxes
Chavez is the 6 time world champion boxer in three different weight divisions. Was considered the best pound for pound boxer in the world and one of the greatest Mexican boxers ever. Julio Cesar Chavez has not kept up on his taxes and recently his liability went public. Chaves owes taxes on earnings from his fights from ... Read More
Nortel Owes $3 Billion in Back Taxes, Says IRS
The Ottawa Citizen reported that the IRS is claiming that bankrupt Nortel, which is undergoing the sale of its assets, owes about $3 billion in back taxes, penalties and interest. This results in creditors in multiple countries getting less as the IRS usually stakes claim over other creditors. This claim could hurt their former ... Read More
State Tax Agents Hunting Online for Individuals Who Owe Taxes
Today, the Wall Street Journal reported that certain State Tax Revenue Agents are using social sites to find those taxpayers that owe money and who were trying to stay under the radar. Social sites like Facebook.com, MySpace.com, and others have been named in the article. Minnesota and California are some of the states using ... Read More
Darren McCarty of Red Wings Owes Over $62K in IRS Back Taxes
Darren McCarty, famous for being a star for the Detroit Redwings and known for both his fighting ability and his great scoring ability. He was won four Stanely Cup Championships (in 1997, 1998, 2002 and 2008), is now facing problems with the IRS. McCarty is said to owe $63K in IRS back taxes, according to The Detroit News. The ... Read More
Robert Patrick Owes $176K in State and IRS Back Taxes
The star of Terminator 2, Flags of Our Fathers and The X Files has fired his manager after discovering that he owes both the IRS and the State of California for a total combined sum of $176,000 in back taxes. Robert Patrick was not happy about finding out what he owes and pledged to pay and get into tax compliance with both the ... Read More
