“Girls Gone Wild” founder Joe Francis has agreed to a plea arrangement that will significantly reduce his outstanding tax liability and keep him out of jail (for a bit – I’m making no promises about what he’ll do next). Francis has agreed to plead guilty to two counts of filing false tax returns and one…
Boxer Floyd Mayweather Jr. didn’t quite walk away from his bout with Juan Manuel Marquez with all that he had hoped for… That $10 million prize money was chopped in half after he agreed to pay $5.6 million in back taxes to the IRS. The agreement put the breaks on a potential levy on Mayweather’s…
I just got word that “An Inconvenient Tax” has been finished and the new trailer is out. If that name rings a bell, it’s because I was interviewed for the movie a bit back. I’m excited to see the final product… I’ll keep you posted!
It’s Getting To Know You Tuesday! Today’s feature tax pro is tax attorney and fellow coffee addict Craig Aird. 1. Where are you now? In my office watching the float planes land on Lake Union. 2. What’s your official title and what does it mean? Associate Attorney. It means I’ve got to get back to…
The Internal Revenue Service (IRS) has announced an extension of the deadline for its Offshore Voluntary Compliance Program. The deadline, which was initially September 23, 2009, has been pushed out until October 15, 2009. While more than 3,000 have come forward so far, the program is expected to garner considerably more taxpayers before the deadline….
It’s been quite a streak of religious holidays! Rosh Hashanah and Eid were both celebrated over the weekend and now… It’s the Feast of St. Matthew. Okay, many of you may not be familiar with the significance of the Feast of St. Matthew (I’ll admit that I was not) so here’s the scoop: Matthew is…
Diego Maradona, formerly referred to by legions of football fans as “the Golden One”, lost more than weight when he checked into a weight loss clinic at the Hotel Palace health spa in Merano, Italy. The 48-year-old former football (yeah, that’s soccer to my US readers) standout checked into the spa in an attempt to…
It’s Fix the Tax Code Friday! Buoyed by the popularity of the Cash for Clunkers program – and the perceived success of the First Time Homebuyer’s Credit – Congress is considering whether to extend both programs in 2010. Various bills suggest extending the homebuyer’s credit from six months to a year – and even increasing…
If by success, you mean that a lot of people took advantage of it… The IRS has reported that 1.4 million taxpayers have claimed the first-time homebuyers credit. The credit is available to taxpayers who have not owned another principal residence at any time during the three years prior to the date of purchase of…
Just days after offering some “interesting” tax advice on film, ACORN was hit with a House bill that would deny federal funds to the group. Rep. Eric Cantor (R-VA) explained: ACORN has violated serious federal laws, and today the House voted to ensure that taxpayer dollars would no longer be used to fund this corrupt…