Tax fraud is serious business, and the IRS is looking for help to crack down on it. Paying IRS whistleblowers a reward is one tool the government uses to find and prosecute those cheating on their taxes. It can be lucrative for both the IRS and whistleblowers, who helped the government recover more than $6…
IRS Criminal Investigation (IRS-CI) started a little over 100 years ago as an intelligence unit within the IRS, with nothing more than a few Post Office inspectors. Over the years, IRS-CI has become world-renowned for investigating abusive tax schemes, financial fraud, and many other crimes. With COVID-19 and Paycheck Protection Program (PPP) loans among the…
What’s the best tax deduction or tax break available? I hear that question all the time, and I often point people to health savings accounts, or HSAs. While many people believe healthcare expenses are the biggest deductions they can claim, thinking about your HSA as a large tax deduction and even a potential retirement account…
Most people love a little gossip, and celebrities are often the best source, especially when they get into financial trouble. But with a good business manager and a little financial literacy, people can keep their names out of the newspaper, off the internet, and off auditors’ radar. Business managers aren’t just for celebrities. You can…
Foreign bank accounts aren’t necessarily for mustache-twirling villains and the superwealthy, but they do trip up plenty of people when it’s time to file their taxes. With foreign accounts becoming more common among everyday people and the minimum amount required to file being so low, it can be easy to not even realize you need…
2020 is nearly done. Whether you’re an individual concerned about how a new president and recovering economy will impact you, or you need to find some last-minute tax deductions, there’s plenty to be thinking about as the new year ticks over. Preparing for end-of-year taxes, estate planning, and maximizing tax deductions On this week’s episode,…
Everyone knows the 12 Days Of Christmas lyrics but with some pretty outlandish presents being given in the song, it’s the 12 Days Of Christmas cost that most people want to know about. The PNC Christmas Price Index measures the price of those 12 presents, pitting it against previous years to not only be a…