Typically, there are not a lot of tax cases that make news at the Supreme Court level. But this season feels like it’s an exception with a whopping two – yes, two – tax-related cases slated for review. Well, that’s a bit of an overstatement. The first case was actually more procedural in nature but…
Remember this article (and this one) about the numbers of non-paying tax filers? Today, the Tax Foundation released a series of groupings of IRS data showing the breakdown of non-paying tax filers. You can see the results by the numbers here. Mississippi tops the list at 45%, while Alaska sits at the bottom with a…
Joe Francis, the in and out of trouble founder of the Girls Gone Wild series, has managed to tick off the Department of Justice yet again. This time, he has been accused of criminal contempt for disclosing court documents related to his income tax troubles. Those documents had been sealed by the court. Specifically at…
Hmm. Maybe Congress is listening after all. After vowing to rush the American Jobs and Closing Tax Loopholes Act of 2010 (the revised Tax Extenders Bill) through, they’ve taken a step back. On Friday, members of the House decided to give themselves a 72 hour window for “member review.” I don’t want to get anybody’s…
Hmm. Maybe Congress is listening after all. After vowing to rush the American Jobs and Closing Tax Loopholes Act of 2010 (the revised Tax Extenders Bill) through, they’ve taken a step back. On Friday, members of the House decided to give themselves a 72 hour window for “member review.” I don’t want to get anybody’s…
Apparently, Congress is on a roll. Just a couple of months after they pushed through the massive health care bill (referred to as the Patient Protection and Affordable Care Act, signed into law in March 2010) and debated the similarly hefty Tax Extenders Bill (referred to as the American Workers, State, and Business Relief Act…
New Jersey Governor Chris Christie (R) wasn’t kidding when he claimed he would veto the so-called “millionaire’s tax” bill. Moments after the Senate passed the bill on a 46-32 vote, Senate President Steve Sweeney walked the bill down to Gov. Christie, who was waiting with his veto pen. Christie vetoed the bills immediately. Christie’s official…
Taxpayer asks: I’m a graphic designer and I do printing on the side. Last year, when business was slow, I was in a jam and needed some work done on my roof that I couldn’t afford. I have a friend who just started a roofing company so I agreed to swap out the labor for…
High unemployment rates and fewer numbers of taxpayers who owe have translated into more than just headaches for IRS: many tax preparers across the country saw a dip in 2010. Among them is H&R Block, the largest tax preparer in the country. Overall, H&R Block reported a decline in tax preparations at its tax offices….
IRS Commissioner Doug Shulman has issued the following statement about charities who have not yet filed their forms 990-N: Now that the May 17 filing deadline has passed, it appears that many small tax-exempt organizations have not filed the required information return in time. These organizations are vital to communities across the United States, and…