We all know about the civil rights struggle of Dr. Martin Luther King, Jr. But what do you know about his personal struggle? Dr. King was a target for government officials, including taxing authorities. Dr. King was criminally charged with tax fraud. What happened might just remind you why justice matters…
Read MoreMonth: January 2014
Hot Tub Tax Machine: News Anchor Takes Plea In Scandal
When preparing her 2011 tax return, former news anchor Juliet Bickford claimed a deduction she wasn’t entitled to take. It’s a mistake that in most cases would not have resulted in criminal charges. This wasn’t most cases.
Read MoreUK Bows To Pressure, Likely To Reverse Course On Taxation Of Bitcoin: Will The US Be Next?
While the US has yet to offer a solid position on the taxation of Bitcoin, other countries are moving ahead with policy decisions. To date, Singapore and Germany have been cited as those with the most definitive answers on taxing Bitcoin. Are they about to be surpassed by the UK?
Read MoreAnother Legal Threat To Obamacare Shot Down In Federal Court
Last year, one day after the Internal Revenue Service additional Proposed Regulations to clarify issues related to the Health Care Act, a group of taxpayers
Read MoreIRS Free File To Open January 17, Two Weeks Before Tax Season Officially Opens
IRS invites taxpayers to come back on January 17 and get in the queue to file for free. But does that mean those returns will be processed early? Nope. Here’s what it does mean…
Read MoreNo Criminal Charges Expected In FBI Investigation Into IRS Scandal
The FBI is not expected to announce criminal charges in its investigation over the IRS tax exempt organization scandal, leaving Chair of the House Oversight and Government Reform Committee, Rep. Darrell Issa, fuming over what he calls a “questionable” investigation.
Read MoreWill Overstock Force IRS To Make Up Its Mind About Bitcoin?
Overstock raised eyebrows earlier this month when the retailer announced it would accept Bitcoin as payment. While Bitcoin has slowly been making inroads into the
Read MoreTop 10 Most Litigated Tax Issues
The National Taxpayer Advocate has issued her list of the top 10 most litigated tax issues. The list includes a number of old favorites – like business expenses – and some new issues. Take a look.
Read MorePrada Following Italy’s Latest Fashion Trend: Tax Transfers, Allegations Of Evasion
Apparently, the tax devil does not wear Prada. Italian tax authorities are investigating fashion house Prada on allegations of tax evasion. Will this be Dolce & Gabbana all over again?
Read MoreIRS Seeking Volunteers To Help Taxpayers File For Free
Interested in helping the community? The Internal Revenue Service is looking for volunteers to staff its Volunteer Income Tax Assistance centers across the country. Are you in?
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