A Las Vegas man will likely spend some serious time behind bars for his role in a scheme that the defrauded the government by filing of false tax returns. Assistant Attorney General Kathryn Keneally for the Tax Division and U.S. Attorney Daniel G. Bogden for the District of Nevada announced that Damon Boswell of Las…
Do states have the right to tax income earned in other states? That’s one of the issues raised in Comptroller v. Wynne, a Maryland case which the Supreme Court has agreed to hear this year.
When I crafted my list of my best tax advice (ever), it seems that I left one fairly important tip out: don’t threaten to kill anyone who works at IRS. I guess I figured that sort of thing went without saying. I was apparently wrong. Last week, a federal judge found Andrew A. Calcione of…
Last week, my brother returned home to his family after his most recent deployment. He is active duty in the U.S. Navy and I know that we are lucky that, for the last twenty years or so, he has come back every time he has shipped out. The family of 19-year-old U.S. Army soldier Adrian…
Each year on Memorial Day weekend, there’s a giant exodus from much of Pennsylvania towards the Jersey Shore. Some folks head for the glitter and nightlife of Atlantic City while others head for the relatively quiet Victorian gingerbread homes of Cape May. Still others opt for family-friendly Ocean City, tony Stone Harbor, or any number…
“Let me get this straight,” I said, looking the taxpayer in the eye. “You want to turn yourself in for cheating on your taxes in order to get your wife in trouble.” He didn’t blink. “Yes,” he said. “She wants the divorce. If she wants my money, she has to pay first.” He paused, then…
Attorney General Eric Holder has announced that no bank is “too big to jail” after Credit Suisse reached a plea deal on conspiracy charges. How will this latest move affect taxpayers?
Tax Day is over for most of us but some taxpayers are still looking for their refunds. Statistically, the IRS has processed refund requests at a faster pace than last year (101,176,000 refunds issued as of last week’s report compared to 101,082,000 for the same time period in 2013). Even so, taxpayers who haven’t yet…
The tax gap in the United States is estimated to be about $385 billion. The tax gap is the difference between what the Internal Revenue Service (IRS) expects to collect in taxes and what they actually collect. That sounds like a lot of money. And I agree that it is. But considering that the IRS…
Remember that Tax Extenders Bill that seemed to be moving ahead? Consider it stalled. Amid a flurry of proposed amendments to the bill, Sen. Harry Reid (D-NV) moved to consider a cloture motion on Amendment No. 3060 to H.R. 3474. H.R. 3474 is the Hire More Heroes Act, originally intended “[t]o amend the Internal Revenue…