Federal tax receipts for the first 11 months of fiscal year 2016 totaled $2.909 trillion, according to the Congressional Budget Office (CBO). The CBO estimates that the government took in $26 billion – or about 1% – more than they did during the same period last year, marking a record high.
Read MoreYear: 2016
Whoa, Nelly: Rapper Slapped With Massive IRS Tax Lien
It’s not just a (bad) dream. According to TMZ, rap star Nelly, has been slapped with a $2,412,283 federal tax lien for the year 2013.
Read MoreWhat You Can Learn About Sexual Harassment & Legal Settlements From Gretchen Carlson
Earlier this year, former Fox News anchor Gretchen Carlson filed a lawsuit against Roger Ailes, then Chairman and CEO of Fox News, alleging sexual harassment. This week, the anchor announced that she had reached a settlement with 21st Century Fox. Here’s what you need to know about sexual harassment and settlements.
Read MoreGoodlatte Introduces Revamped Internet Sales Tax Proposal
A proposal to tax internet sales initiated by Judiciary Committee Chair Bob Goodlatte (R-VA) in 2015 didn’t go anywhere. However, Rep. Goodlatte recently circulated a new version of the Online Sales simplification Act which some online retailers, like eBay, are watching closely.
Read MoreTrump Pays Excise Tax, Citing Mistakes, As Questions Swirl Regarding Bondi-Related Contribution
Mistakes were made. On that, everyone can agree with respect to the $25,000 contribution made to a political campaign group by the Donald J. Trump
Read MoreSo You Want To Open A Taco Truck? 11 Steps To Get Started With Your Small Business
If you’ve been contemplating starting your own small business and you’re ready to get started – even in a taco truck – here are 11 steps you help you get going.
Read MoreNJ Governor Christie Ends Decades Old Tax Agreement With Pennsylvania
Gov. Chris Christie has announced that he is axing a 38 year old tax agreement between Pennsylvania and New Jersey, citing budget woes.
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Back To School: What You Need To Know About Taxes When Your Kids Play Sports
Can you deduct the costs you pay out of pocket for your child to play sports? Here’s what you need to know.
Read MoreBack To School: Tax Breaks For Food Allergies, Celiac Disease & Other Special Diets
In addition to factoring in food allergies, many parents struggle with accommodating additional dietary restrictions. If you have to pay out of pocket to keep you or your child healthy, can you claim a tax benefit? Here’s what you need to know.
Read MoreMore Than 100 Law Professors To Congress: Impeaching The IRS Commissioner Is A Bad Idea
More than 100 tax law professors have sent a letter to House leaders in opposition to resolutions to impeach or censure Internal Revenue Service (IRS) Commissioner John Koskinen.
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