Tax season is upon us, which means tax scammers are ramping up their tactics to take advantage of tax payers throughout the country. The Internal Revenue Service (IRS) often sends out warnings about scams in an effort to better protect the public from becoming a victim. One specific scam the agency has […]
Category: Tax Controversy
The Super Bowl is more than just a big football game. In addition to taking part in a prestigious game, players are also putting in another day at work. With this day at work comes earnings — and with work earnings comes tax obligations. Super Bowl players and winnings Payment […]
The sales and use tax results in funds for the state to use towards road construction, education and other government services. Various studies show that the amount of revenue collected through this tax is not nearly as large as it should be if it were a true reflection of items […]
Falling behind in tax obligations can lead to more than just fines — it can result in the revocation of your passport. The Internal Revenue Service (IRS) recently published some guidance on this penalty, noting the agency has the authority to deny or revoke passports to those who are delinquent in tax […]
The Internal Revenue Service (IRS) recently settled class action lawsuits representing over 400 conservative groups that state they were “improperly” delayed tax-exempt status, according to a recent report by USA Today. It appears the federal agency singled out hundreds of groups due to their ideological stances. These groups underwent additional […]
The current administration has pushed for tax reform, touting the need to reduce taxes and remove barriers to economic growth. In theory, this sounds great. In reality, it could cause problems for small businesses. The many problems are outlined in various news sources. A piece out of the USA Today Network focused […]
Actor and director Forest Whitaker recently made the news not for a new movie or television project, but instead for the resolution of a years-long tax collection case brought against him by the Internal Revenue Service (IRS). Procedural history, complete with taxpayer missteps The saga began in 2014, as Whitaker […]
Four tax preparers are facing prison time for tax crimes connected to their tax preparation services. The accusations included putting together faulty tax returns and cashing in on fraudulent refunds. The Department of Justice (DOJ) discussed the case in a recent press release, noting that the government is coming down […]
Most married couples file their taxes jointly. In part, this is a matter of convenience. But filing together also generally means a couple pays less in combined taxes than they would using married filing separate (MFS) status. Filing jointly can be problematic, however, when one spouse has run up big […]
Do you need to know about an IRS investigation to get charged with obstruction of justice? It may seem like the answer is obvious. After all, how can throwing away old records be tantamount to a crime if you didn’t know the Internal Revenue Service (IRS) was conducting an investigation? […]