The Estate of Michael Jackson has filed an action in U.S. Tax Court protesting a Notice of Deficiency levied against his estate. The question is, of course: How much was the King of Pop really worth at his death?
Read MoreYear: 2013
Up In Flames: Cigarette Taxes Create Opportunity For Revenue And Crime
As cigarette taxes climb higher, so, too, does the potential for crime. The ATF calls cigarettes the number one commodity in the black market due to the ability to turn a quick dollar with relatively low risk. It’s profitable for crooks and for the government. So, do we raise the tax yet again?
Read MoreGetting To Know You Tuesday: Ashley J. White
Ashley J. White is the next tax professional to be featured in our Getting To Know You Tuesday series!
Read MoreOut Of Ideas And In Debt, Spain Sets Sights On Taxing The Sun
Spain is generating so much solar power, according to its government, that production capacity exceeds demand by more than 60%. To solve the problem, Spain’s government has a new idea: tax the solar panels.
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What I’ve Learned In 1,000 Tax Posts
I’ve written 1,000 blog posts for Forbes! Here’s what I’ve learned so far…
Read MorePresident Obama’s ConnectED Funding Plan: ‘Obama Phones’ All Over Again?
As President Obama pushes his plans to expand high speed internet into American schools as part of the ConnectED program, is it “Obamaphone” all over again?
Read MoreDeath & Taxes: Elvis Presley Topped Charts And Tax Brackets
On this day in 1977, the world learned that Elvis Presley had died. A successful entertainer, Elvis made millions – and paid millions in taxes – during his lifetime. Even after death, Presley’s legacy – as well as his ability to make money – lives on.
Read More‘Real Housewives’ Stars Plead Not Guilty As Bethenny Claims: I Don’t Feel Sorry For Them
Teresa Giudice and her husband, Giuseppe “Joe” Giudice, stars of Bravo’s reality series “Real Housewives of New Jersey,” pleaded not guilty to 39 felony courts today. Giudice’s fellow Bravo reality TV alum, Bethenny Frankel, had little in the way of kind words to say about the couple.
Read MoreJacksons Will Go To Jail For Campaign Fund Abuse, Tax Fraud
Former U.S. Rep. Jesse Jackson Jr. and his wife, former Chicago Alderman Sandra Stevens Jackson, are both headed to jail on federal charges related to campaign fund abuse, including tax fraud.
Read MoreIRS Proposes To Permanently Ease Restrictions For Innocent Spouse Relief
The IRS has released proposed regulations that would, among other things, extend the deadline for equitable relief for innocent spouses. The deadline was informally extended by Notice 2011-70; the proposed regulations would make that deadline permanent.
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