To assist taxpayers, the Internal Revenue Service (IRS) has launched a new web page designed to help taxpayers involved in the sharing economy figure out what they need to know about reporting, filing and paying tax.
Read MoreMonth: August 2016
More ‘Real Housewives’ Tax Drama As IRS Hits NeNe Leakes With Massive Tax Lien
“Real Housewives of Atlanta” original cast member NeNe Leakes has been hit with a federal tax lien worth close to a cool million dollars. According
Read MoreIRS Issues New Warning On Scams Targeting Students And Parents For Back To School Season
With back to school season in full swing, the Internal Revenue Service (IRS) has issued a reminder for taxpayers to be particularly vigilant for scammers looking for opportunities to take advantage of students and parents.
Read MoreSteve Jobs Says Apple Won’t Bring Home Money Parked Overseas Until Tax Rates Are ‘Fair’
Apple CEO Tim Cook recently fielded questions on Apple’s tax practices, including the company’s decision not to repatriate income earned overseas – at least not just yet. Cook invoked the “f” word when talking about offshore income, saying that he wouldn’t bring Apple’s overseas funds “until there’s a fair rate,” meaning, of course, a “fair” tax rate. Here’s what you need to know about Cook’s comments and Apple’s storied tax history.
Read MoreIRS Employee Responsible For Helping Taxpayers Stole From Them Instead
Nakeisha Hall’s job was to help taxpayers. Hall, the daughter of a long-time IRS employee, started working for the Internal Revenue Service (IRS) in 2000.
Read MoreIRS Offers Tax Relief To Those Affected By Flooding In Louisiana
In response to recent flooding, the Internal Revenue Service (IRS) has announced that Louisiana storm victims will have until January 17, 2017, to file certain tax returns and make certain tax payments. Additionally, all workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization qualify for relief.
Read MoreMan Shocked By Tax Bill For Trillions Of Dollars
Imagine receiving a notice that you could owe taxes in the trillions. That’s exactly what happened to one man. Here’s what he did to fix the issue – and what you can learn from him.
Read MoreIRS Warns Tax Pros On Targeted Scams, Advises Regular PTIN Monitoring
The IRS is warning tax professionals about a new, targeted scam. As part of its information to tax professionals, IRS is also advising tax pros to monitor their PTIN activity.
Read MoreOlympic Medals And Prize Money Remain Taxable – For Now
As US athletes continue to rack up gold at the Olympics, they’re also racking up a tax bill. There’s a proposal in Congress to exempt Olympic winnings, including medals, from tax – but is it a good idea?
Read MoreTrump Tax Hack A Joke But Romney Return 'Hacker' Isn't Laughing
You don’t actually have to hack tax returns to get into trouble, sometimes just making claims about hacking tax returns (and trying to extort money in return) is enough. As controversy continues to brew over Trump’s refusal to release his tax returns, a man who claimed to hack the returns of another GOP presidential hopeful was sentenced.
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