This Man’s Nuts: Plan To Sell Testicle For New Car Is Taxable
What would you give up for a new car? Would you sell a kidney? One man has made it clear that he would… and I ponder the tax consequences.
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Chrysler Slows But Doesn’t Put Brakes On IPO Amid Questions Over Taxes
American based – but Italian owned – car manufacturer Chrysler was hoping to go public by the end of 2013. That’s now not likely to happen as questions about the company’s car issues are causing the company to slow the brakes.
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Goldieblox Asks Court To Bless ‘Girls’ Ad After Legal Threats From Beastie Boys
If you’ve found yourself humming along to that catchy song, “Girls” from the Goldieblox ad, you’re not alone: the video of their latest ad has gone viral with over 8 million views. The Beastie Boys, who penned the original version of the song are crying foul. Now, the courts have been asked to weigh in.
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Not Too Young, Not Too Old: Aaron Carter Hopes For Fresh Start Following Chapter 7 Bankruptcy Filing
Aaron Carter, little brother of the Backstreet Boys’ Nick Carter, burst onto the spotlight just over ten years ago. Today, facing more than $2 million in debt, he’s ready to put the past behind him and move on. At age 25, can he make a comeback?
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When Mom & Dad Move In: The ‘Granny-Flat Tax Exemption’ For The Sandwich Generation
What happens when you have to take care of your parents and your children? The “sandwich generation” is learning the hard way that it can take a toll, both emotionally and financially. Are there affordable options available? Florida may have the answer.
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In Apparent Defiance Of Court Order, Fourth Largest Tax Biz In Country Preps For Sale
In a scathing 233 page ruling issued earlier this month, U.S. District Judge Timothy S. Black ordered Instant Tax Service (“ITS”), the fourth-largest tax preparation business in the United States, to shut down its operations. In his ruling, Judge Black wrote that he agreed with the federal government that “[t]his case presents an astonishing array…
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Tax Revenues On Pace To Reach Record $3 Trillion In 2014
Tax revenues are on track to hit a historic $3 trillion in 2014. Why are tax revenues increasing? And what does it mean going forward?
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Black Market Tax Preparers Continue To Defy IRS
When the IRS implemented rules requiring tax preparers to register in order to prepare tax returns, the idea was that it would keep taxpayers safe. But is it?
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IRS Backs Down, Returns Seized Cash To Family Businesses
Think you always have a right to due process? Think again. Under some circumstances, the federal government believes that it has the right to seize your property without notice and without a requirement for a speedy hearing. Taxpayers in Michigan, with the help of the Institute for Justice, are fighting back.
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Italy Tries Bite At Apple As Authorities Investigate Tax Structures
The Securities and Exchange Commission may approve of Apple’s overseas tax strategies but Italian taxing authorities aren’t so sure. This week, those Italian taxing authorities announced that they are investigating whether Apple has paid all of its taxes. According to the weekly magazine L’Espresso, taxing authorities are considering whether – wait for it – Apple…