Over the past few years, the IRS has increased its compliance and enforcement efforts focused on payment transactions between US and foreign persons. However, these
Read MoreTag: income
Tax Help For Gamblers? You Bet!
Basketball fans everywhere were on the edge of their seats this weekend as Notre Dame nearly ended Kentucky’s perfect season in a nail biter. After
Read MoreBrady Passes On Super Bowl Prize As Butler Hauls In Truck & Tax Bill
New England Patriots’ cornerback Malcolm Butler might have snagged that Russell Wilson interception that lead to the Patriots’ win at Super Bowl XLIX but quarterback
Read MoreCaroline Wozniacki Collected Her Trophy, But Forgot $1.45 Million Paycheck
Tennis superstar Caroline Wozniacki walked away from her $1.45 million paycheck (by accident!) after placing at the U.S. Open. If you walked away from your paycheck, could you skip paying the tax on it?
Read MoreYes, Olympic Wins Are Taxable (And Should Stay That Way)
As our athletes medal in Sochi, the chatter has again started about whether those medals – and the associated bonuses – should be exempt from federal income tax. Is it appropriate? Or necessary? I say no to both. And here’s why.
Read MoreThe True Cost Of Christmas: Santa’s Tax Bill
Where in the world is Santa? And what kind of income and expenses is he racking up?
Read MoreTiming Is Everything: 11 Key Triggers To Keep In Mind For The 2013 Tax Year
As the 2013 tax year draws to a close, taxpayers are scurrying to figure out how to minimize income and maximize deduction. The most important rule? Timing is everything.
Read MoreAre You Ready For Some (Charity) Football? Defense, Donations & Deductions
Over the weekend, a little game of charity flag football resulted in thousands of dollars donated to charity. But who gets the deduction – and why?
Read More33 Legal, Tax-Free Sources Of Income & Benefits
Remember Stacy Knutson? She was the waitress I posted about earlier today who was given $12,000 in a take out box by a customer. The
Read MoreElection Day 2010 Freebies: What Do They Mean?
This election is big for all parties. That’s both a good thing – and a not so good thing – depending on who you are.
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