April 11, 2013 Here's something to think about before you go online and before the upcoming April 15th tax deadline: The Internal Revenue System has gone high-tech in the digital age, tracking your movements online in an effort to snuff out tax evaders.
September 20, 2012 I'm going to take what I'm sure is an unpopular view on this story and defend Prince. Songwriters, musicians, actors etc. are just that. Their call in life is to perform and entertaine period. If you asked Prince (or any other major star) what his net worth is, or what he owes in taxes, he wouldn't have a clue. What he would do is make an appointment with his managers, and accountants to find out.
January 31, 2012 Most people think the IRS is like big brother and watches everything that comes in their way. Truth is only about 1% actually get audited. That doesn't mean you should go crazy and write off everything, but if you are filling out a schedule C, there are things the government looks for that they consider a red flag. These twelve things will get you audited fast. It's best to avoid being audited because if they catch you at something, there may be some hefty penalties.
June 22, 2011 If you were in his shoes, tell me true, would you do anything about it? I mean,what's this country coming to when a guy can't make a dishonest buck anymore?
A man who mistakenly had another taxpayer's refund of $110,000 deposited in his bank account by the Internal Revenue Service could be facing jail time for not reporting the error.
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When Stephen McDow discovered there was an extra $110,000 from the IRS in his checking account, it was probably one of the best days of his life.
Unfortunately, the money wasn’t for him.
One of the few joys of tax preparation is making deductions and watching your bill from Uncle Sam get lower and lower.
Here's a list of five expenses that might be tempting to deduct, but are strictly forbidden by the IRS.
