A California judge dealt a blow to Facebook this week in its ongoing battle with the Internal Revenue Service (IRS), ruling that the social media giant does not have a right to move the matter to appeals.
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Facebook Could Owe IRS Billions, Continues To Ignore Tax Summons
The IRS has alleged that Facebook has failed to comply with a 7th summons isn’t the only tax issue for the social media giant. On the same day that Facebook announced second-quarter profits of $2.06 billion, the company indicated that could be subject to additional federal income taxes of $3 billion to $5 billion.
Read MoreFacebook CEO Zuckerberg’s $45 Billion Love Note To His New Daughter
It’s #GivingTuesday which means you might have been inspired to make a donation to a charitable organization. I’m betting, however, that your donations didn’t come
Read MoreChances Are, You Paid More In Taxes Last Year Than Facebook Did (In The UK)
Some Facebook users in the United Kingdom (UK) may be getting ready to put that rumored “dislike” Facebook button to use: the social media site
Read MoreApple Adds Egg Freezing As Employee Benefit
Apple and Facebook have fired the latest round in the “perk wars” – efforts to woo and keep talent in the tech sector. Not content with fancy meals, tech companies are offering female employees the opportunity to freeze their eggs. As perks keep expanding, what are the tax consequences to those employees?
Read MoreHow To Stay Out Of Jail: Lessons Learned From The ‘Queen Of IRS Tax Fraud’
This week, Rashia Wilson received a record sentence for her role in a massive identity theft scam used to defraud the Treasury. Wilson, together with her boyfriend and colleague, used stolen identities to bilk the IRS out of nearly $20 million.
Read MoreKeeping Up With IRS: Tax Updates On Twitter, Facebook, And More
With so much happening with the Internal Revenue Service these days, you might be wondering how to keep up with it all. Clearly, keep reading
Read MoreIRS Explains Delays In Processing Some Returns Claiming Education Credits
When the Internal Revenue Service finally announced that it was accepting federal form 8863, Education Credits (American Opportunity and Lifetime Learning Credits (downloads as a
Read MoreTax Trivia Giveaway #2: Presidential Income
(Update: We have our winners!) Our second tax trivia question is: In honor of President’s Day, this question focuses on presidential tax returns. Since Richard
Read MoreObama, Boehner Reach Compromise?
Nothing to see here, folks. Despite some whisperings about a surprise meeting over the weekend between House Speaker John Boehner (R-OH) and President Obama –
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