IRS Announces New Changes, Including Rolling Renewals, To ITIN Procedures
The IRS has announced changes to help taxpayers comply with revisions to the ITIN program made under a new law, the Protecting Americans from Tax Hikes (PATH) Act.
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Brewery Plans To Use Crowdfunding To Attract Investors
After raising $50k in crowdfunding through the Localstake online crowdfunding platform, Beer Church, a boutique, small-batch craft brewery in downtown New Buffalo, Michigan, is back for another bite at the apple – thanks to Title III of the Jobs Act.
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IRS Warns Again On Scams Targeting Taxpayers
The Internal Revenue Service (IRS) issued another warning about scams targeting taxpayers.
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Sorting Out Tax Breaks For College, Even When You're Still In High School
Can parents of high schoolers take a tax break for educational expenses? Here’s what you need to know.
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IRS Will Look Into Congressional Concerns Involving Clinton Foundation
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.
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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.
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Miami 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.
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Woman 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.
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Sensing 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.”
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A 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.
