Remember those new reporting requirements for businesses that were tucked away inside the health care bill? “Unpopular” doesn’t even begin to describe the provision. So what’s a legislator to do in the midst of an election year? Repeal the very piece of legislation that you passed earlier in the year. Now you can take credit…
So what’s the punishment for Rangel’s numerous ethics violations, including financial wrongdoing and “harming the credibility of Congress”? A stern reprimand of course. That’ll teach him. CNN is reporting that House ethics committee investigators are recommending that Rep. Charlie Rangel (D-NY) be reprimanded as punishment for 13 ethics violations. Rangel, for his part, says the…
We’ve seen it coming for quite some time: Rep. Charles Rangel (D-NY), the former head of the powerful Ways and Means Committee, has been hit with 13 ethics violations, including those stemming from tax issues. Stay tuned for more info.
The star of “Rush Hour” (and its lucrative sequels), Chris Tucker, has made headlines for something other than acting these days. According to TMZ, the actor was slapped with liens from IRS for more than $11.5 million in unpaid federal taxes. That total represents liabilities for the years 2001, 2002, 2004, 2005 and 2006. Tucker…
I can’t believe that folks are already talking about back to school… With all of the snow this year, I feel like my kids just got out of school! But my niece is reporting that she’s starting next week (early, I know) and my inbox is filled with emails from Lands End reminding me to…
The whole of Massachusetts – nay, the world – can issue a collective sigh of relief now: Yachtgate has finally come to an end. Senator John F. Kerry (D-MA) has announced that he will “voluntarily” pay $500,000 to the Massachusetts Department of Revenue for the use of his yacht. Kerry’s luxury yacht is reportedly worth…
Smaller charities, meaning those that have annual gross receipts of less than $25,000, may be at risk this year of losing their tax-exempt status. Under a 2006 law, those charities were required to file a form 990-N (sometimes called an e-postcard) with IRS each year. Failing to file for three years in a row results…
We do a lot of nonprofit and tax-exempt work at my firm. People come into my office with all kinds of ideas for charitable organizations. I thought I’d heard it all – apparently, I hadn’t. The “Case of the Charitable Sperm Bank” has put an interesting twist on the types of charitable activities that taxpayers…
New York has a problem: there’s no budget. The budget was due on April 1. Almost four months later, the budget still sits on the table, with no resolution in sight. It has not put Governor Paterson in a good mood. Addressing the press, he said, “I know it’s summer and everyone is tired of…
George Clooney isn’t a fan of Facebook. According to the UK media, Clooney reportedly remarked about the social media site: I would rather have a prostate exam on live television by a guy with very cold hands than have a Facebook page. Apparently, Clooney isn’t alone. The Michigan Business School’s American Customer Satisfaction Index included…