The Internal Revenue Service (IRS) will look into allegations of impropriety at the Bill Hillary & Chelsea Clinton Foundation. In a July 22 letter to Rep. Marsha Blackburn (R-TN), IRS Commissioner John Koskinen wrote that the tax agency had “forwarded the information you submitted” to the Exempt Organizations program in Dallas.
Read MoreMonth: July 2016
Facebook Could Owe IRS Billions, Continues To Ignore Tax Summons
The IRS has alleged that Facebook has failed to comply with a 7th summons isn’t the only tax issue for the social media giant. On the same day that Facebook announced second-quarter profits of $2.06 billion, the company indicated that could be subject to additional federal income taxes of $3 billion to $5 billion.
Read MoreMiami Judge Rules That Bitcoin Is Not Money
A Miami-Dade judge has ruled that, for purposes of certain Florida statutes, Bitcoin is not, in fact, money. The ruling came in response to what is likely the first of its kind: a criminal case involving Bitcoin and money laundering.
Read MoreWoman Sentenced To Jail For Pretending To Be A Tax Attorney
Kimberly Kitchen worked as an attorney at a Pennsylvania law firm for over a decade. She even made partner. There was just one problem: she wasn’t ever licensed to practice law.
Read MoreSensing Shift In America, Former KKK Leader & Tax Felon Announces Senate Candidacy
David Duke, a former Grand Wizard for the Ku Klux Klan, has thrown his hat into the race for the Senate in Louisiana. Duke announced his candidacy over the weekend, saying, “I believe in equal rights for all and respect for all Americans.”
Read MoreA Quick Look At Roth IRAs, Roth 401(k)s & The Man Responsible For Both
William Victor “Bill” Roth Jr. would have been 95 today. Roth was a World War II veteran, a lawyer, a U.S. Representative and a U.S. Senator but is best known for creating the Roth IRA.
Read MoreBill Would Exempt Student Loan Forgiveness From Tax
As student loan debt continues to grow, Senators Bob Menendez (D-NJ) and Elizabeth Warren (D-MA) have introduced the Student Loan Tax Relief Act which would exempt discharged student loans from being taxed as income.
Read MoreThe Side Hustle With Pokémon GO: What You Need To Know
Pokémon GO has been downloaded an estimated 30 million times since its release. The amount of money being spent is mind-boggling with millions being generated every day. Not surprisingly, entrepreneurs are looking for ways to crack the Pokémon GO market. Here’s what you need to know.
Read MoreGet Out Of The Tax Debt Doghouse: 9 Tips For A Fresh Tax Start
Up to your neck in tax trouble? Here are 9 ways to get out of trouble – just in time for National Get Out Of the Doghouse Day!
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I Scream, You Scream: Tax Facts, History & Free Ice Cream On National Ice Cream Day
It’s National Ice Cream Day! Yes, it’s a real day designated by Congress (I’m not kidding). Here’s the history, some tax facts – and oh yeah, where to score some free (or reduced) ice cream. #NationalIceCreamDay
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