Every year the IRS sends out its “Dirty Dozen” list. This is a compilation of the most prevalent tax scams, with the intent to inform and warn taxpayers of tax related rip-offs.
The very first on the list involves phone scams. The IRS warning reads as follows:
Phone Scams: Aggressive and threatening phone
It is a very common story for small businesses to get behind on paying employment taxes. Federal employment taxes are largely made up of FICA and withholding taxes. The IRS is especially keen on businesses who fail to pay these taxes. Not only is the government out the money it should be receiving, but it
As many have heard recently, Michael Sorrentino (of MTV’s “Jersey Shore” fame) and his brother Marc were indicted for tax crimes in New Jersey and made their initial appearance in court last week.
At this point, no one but the Sorrentinos, their lawyers and maybe the
When times get desperate and tax liabilities pile up – filing for bankruptcy is an option many people consider. Taxes are “dischargable” in bankruptcy, but there are important rules you need to know.
TIMING
Taxes are only dischargable if they have reached a certain vintage. Here are the basic rules:
Do you remember the controversy where the IRS was accused of targeting and unfairly auditing the Tea Party?
In an article Sunday from CNN’s Political Ticker by Sara Fischer, the IRS has claimed that it is unable to recover subpoenaed emails from former IRS official Lois Lerner. The reason given is a “computer crash.”
A
The IRS just issued its Criminal Investigation Annual Report. Budget constraints caused the staffing of Special Agents to drop to the lowest numbers in recent history, but 2013 included a 12.5 percent increase in investigations initiated and a nearly 18 percent gain in prosecution recommendations.
Specifically, CI initiated 5,314 cases and recommended 4,364 cases
A new Tax Court decision just came out – Potter v. Commissioner, TC Memo 2014-18. The case involved a “gentleman’s club” owner in Michigan.
In December 2006 IRS special agents engaged in an undercover investigation of Potter’s Pub, posing as buyers interested in acquiring the business. John Potter assured the agents that Potter’s Pub was
In last Sunday’s final episode of “Breaking Bad”, Walter White broke into his former business partner’s house (Elliot and wife Gretchen).
Reason? To give them close to 10 million dollars in cash so they would set up a trust for Walter’s son. 
Walter had been looking for ways to get the cash to his family.
“Johnny Football” Manziel had an amazing game against Alabama this past weekend. There is no doubt he is one of the greatest ever to play college football.
Many famous athletes like Manziel have “entourages.” The
Following up on my recent post on the matter, I had the opportunity to speak with Colin O’Keefe of LXBN regarding the possibility that Johnny Manziel could face tax trouble if he took money for autographs and doesn’t acknowledge it. In the brief interview, I share my thoughts on what I believe he should do