In yet another twist to the James Brown saga, it turns out that the Godfather of Soul did not provide for his five year old son with Tomi Rae Hynie, James Jr. According to Strom Thurmond Jr., one of Brown’s legal team (and no, I’m not making that up) the will does provide for six…
Do you qualify for a refund of the telephone excise tax but aren’t required to file an annual tax return? It may be even easier for you to get a refund. The IRS has developed an even shorter form, the 1040EZ-T (try saying that quickly three times in a row) that you might be able…
Stretching his fifteen minutes even further, Richard Hatch of CBS’ Survivor went before a federal appeals court to argue against his conviction on tax evasion charges. Hatch was convicted of failing to pay taxes when he took home the $1 million prize on Survivor. He was sentenced to more than four years in prison. Defense lawyer…
Most individual taxpayers are on a calendar year for tax purposes – and that just wrapped up on December 31, 2006. Business taxpayers, however, may elect to choose their own tax year if there is a business purpose for the election. So, today’s Fix the Tax Code Friday question is: Should individual taxpayers be allowed…
According to blogger Michael Horne at www.milwaukeeworld.com, Major League Baseball pitcher and Hall of Famer Rollie Fingers owes the state of Wisconsin $1,433,609 in income taxes. That number makes him the seventh biggest tax delinquent in the state. You can see the entire list of delinquents at the Wisconsin Department of Revenue’s website. Fingers played…
Taxpayer asks: I stumbled here by mistake but am glad I did. I’m a first time home owner about to file his first 1040. I know I can legally claim my interest paid on my return but while reading about that, I also read that “real estate taxes” charged by the county can be deducted….
