Black Market Tax Preparers Continue To Defy IRS
When the IRS implemented rules requiring tax preparers to register in order to prepare tax returns, the idea was that it would keep taxpayers safe. But is it?
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IRS Backs Down, Returns Seized Cash To Family Businesses
Think you always have a right to due process? Think again. Under some circumstances, the federal government believes that it has the right to seize your property without notice and without a requirement for a speedy hearing. Taxpayers in Michigan, with the help of the Institute for Justice, are fighting back.
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Italy Tries Bite At Apple As Authorities Investigate Tax Structures
The Securities and Exchange Commission may approve of Apple’s overseas tax strategies but Italian taxing authorities aren’t so sure. This week, those Italian taxing authorities announced that they are investigating whether Apple has paid all of its taxes. According to the weekly magazine L’Espresso, taxing authorities are considering whether – wait for it – Apple…
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Braves New World? Taxpayer Funding Remains A Concern As Atlanta Rushes Towards New Stadium
When I was in elementary school, I had two career paths in mind: shortstop for the Atlanta Braves or trial lawyer. This was the result of many long summer afternoons of sitting with my granddaddy watching Dale Murphy in the outfield and Perry Mason in the courthouse. We didn’t live in Atlanta. Or even in…
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Fourth Largest Tax Prep Business In The Country Shut Down By Feds
The pool of tax preparation services just got a little smaller: a federal court judge has ordered Instant Tax Service (“ITS”), the fourth-largest tax preparation business in the United States, to stop all operations permanently for “extensive and egregious, indeed appalling” harm to taxpayers.
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9 Ways To Say Thank You On Veterans Day (And Maybe Even Get A Tax Break)
Happy Veterans Day! As we salute the men and women who keep us safe, here are a few tips for how you can say thank you (and maybe even get a tax break)…
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Former NFL Star Cites Concussions, Receives Prison Sentence For Role In Tax Fraud
Former Philadelphia Eagles wide receiver Freddie Mitchell has been sentenced to 37 months in prison for his role in a tax fraud scheme.
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GAO Evaluates Tax Deferrals & Graduated Tax Rates, Concludes: It’s Complicated
How did Twitter prepare for its big IPO? By setting up shop in Ireland, of course. More and more companies are opting to put operations abroad in an effort to defer – and in some cases, avoid altogether – paying tax. Congress tasked the GAO with examining how much this deferral is actually costing taxpayers. The answer was delivered to Congress in a 55 page report.
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BlackBerry Pins Recovery Hopes On Rumored $1 Billion In Tax Refunds
BlackBerry nearly escaped a buyout earlier this fall. Now, an infusion of cash is giving the company new hope… and a big tax refund check from the government might boost the company’s coffers even higher.
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Bayern Munich Keeps Winning Even As Their Chief Faces Trial For Tax Evasion
Bayern Munich just keeps winning as it marches towards the UEFA round of 16… But Bayern Chief Uli Hoeness isn’t having the same kind of luck. This week, Hoeness found out that he will face a trial on charges of tax evasion with respect to millions of Euros he kept hidden from German taxing authorities.