The former tax preparer for reality television star Michael “The Situation” Sorrentino and his brother, Marc Sorrentino, has pleaded guilty to filing fraudulent tax returns for the pair. Gregg Mark, who had been an accountant at a Staten Island, New York-based accounting firm, admitted that he prepared fraudulent tax returns for the Sorrentinos for the 2010 and…
The Internal Revenue Service (IRS) has issued the 2016 optional standard mileage rates and beginning on January 1, 2016, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 54 cents per mile for business miles driven (down from 57.5 cents in 2015) 19 cents per mile driven for…
Bar Refaeli, one of the world’s most recognizable supermodels, has been arrested on charges of tax evasion in Israel. According to Agence France-Presse, Refaeli was arrested at her home alongside her mother, Tzipi, and questioned by police for several hours. Refaeli has been accused of lying about her residency in order to evade tax on millions of dollars…
Planning on getting your loved ones a drone for Christmas? Be prepared to pay the drone tax. The U.S. Department of Transportation’s Federal Aviation Administration (FAA) has announced that owners of small unmanned aircraft (UAS) weighing between 0.55 pounds and 55 pounds, including payloads such as onboard cameras, must register their devices and pay a $5 fee….
At around 6:00 p.m., the so-called “undercard” candidates took the stage to debate. Those candidates, Mike Huckabee, Rick Santorum, Lindsey Graham, and George Pataki, are those who are trending at the low end of the polls. At around 8:30 p.m., those candidates polling higher will take the main stage. Those candidates are Donald Trump, Ted…
Being gay is a choice. Joseph F. Morrissey claims that is the reason that Gary Shepard, an Internal Revenue Service (IRS) examiner, offered for denying a tax deduction for medical expenses associated with Morrissey’s attempts to have a child with his partner. Morrissey, who is a professor of law at Stetson University, has now filed suit…
It happened again this week. I was making a doctor’s appointment for my son when I was asked if I would be responsible for the medical bills. I said yes. The receptionist then asked for my address (no problem) and my Social Security number. I paused. “Why do you need it?” I asked politely. She didn’t answer…
You’ve heard how cyber-attacks on big organizations like JPMorgan Chase, health insurer Anthem, and the federal Office of Personnel Management have put the personal information of tens of millions of Americans potentially at risk. But what if the biggest threat to your privacy comes from the practices of your local financial advisor, longtime lawyer, or…
What if, instead of a series of complicated bureaucracies issuing welfare checks, food stamps, and tax credits, social benefits were distributed to everyone without regard to income or employment status? That’s exactly what the government of Finland is contemplating. The Finnish government is investigating whether it might make good financial sense to make a tax-free…
Wal-Mart Puerto Rico, Inc. (Wal-Mart PR), the Puerto Rico arm of the venerable Wal-Mart chain, has filed a lawsuit against the Commonwealth of Puerto Rico in a bid to overturn certain new tax laws the retailer says are discriminatory and violate federal laws and the U.S. Constitution. The case is Wal-Mart Puerto Rico Inc. v. Zaragoza-Gomez,…