Trenton New Jersey Tax Hike
During the past few years, homeowners living in Trenton, NJ, have found themselves paying increasing amounts of taxes. By some estimates, city taxes have increased nearly 30 percent within three to...
View ArticleBeanie Sigel Rapper Sentenced to 2 Years for Tax Evasion
Philadelphia rapper Beanie Sigel, born Dwight Grant, was sentenced to two years in federal prison stemming from charges that he failed to file income tax returns. The rapper began serving his sentence...
View ArticleThe Big Apple will Take a Bite Out of Your Paycheck
Maybe, Frank Sinatra was thinking about New York’s tax rate when he was singing “New York, New York.” The Tax Foundation is a conservative think tank that has been tracking state tax rates since 1977....
View ArticleIRS Gives Addition Time to Taxpayers and Preparers affected by Hurricane Sandy
On October 31, 2012, the Internal Revenue Service (IRS) announced that taxpayers and tax preparers have been given until November 7 to file returns and accompanying payments. The relief was issued...
View ArticleIRS Provides Tax Relief to Victims of Hurricane Sandy
The IRS announced tax relief to individuals and business affected by Hurricane Sandy. The IRS tax relief postponed various tax filing and payment deadlines. Hurricane Sandy victims have until Feb. 1,...
View ArticleIRS Hardship Loans and Distribution Relief for Hurricane Sandy Victims
In order to the alleviate hardships of individuals affected by Hurricane Sandy, the IRS has announced that it will relax procedural and administrative rules that apply to retirement plan loans. The IRS...
View ArticleDolce and Gabbana to go on Trial for Tax Evasion
In December, co-founders of the famous high fashion label Dolce & Gabbana will go on trial for tax evasion in their native Italy. Domenico Dolce and Stefano Gabbana are accused of selling their...
View ArticleCharlie Sheen Helps Lindsay Lohan with her Tax Problem
The rich, the poor, the famous and the infamous can all have tax problems, since it seems that no group is immune from this issue. TMZ is reporting that during the production of “Scary Movie 5,”...
View ArticleThe IRS Seizes Lindsay Lohan’s Bank Assets. Can Mel Gibson Save the Day?
After an alleged nightclub altercation and horrible reviews for her comeback role as Elizabeth Taylor, things continue to get worse for Lindsay Lohan. According to Page Six, the IRS has seized Lohan’s...
View ArticleFat Joe Convicted of Tax Evasion in Newark, New Jersey
New Jersey-based rapper Fat Joe pleaded guilty yesterday to criminal charges for failing to file his federal income tax returns for 2007 and 2008. Joseph Antonio Cartagena, better known as Fat Joe,...
View ArticleMore Payroll Taxes
If you noticed that your paycheck has been smaller, you’re not alone. Congress failed to address payroll taxes in the American Relief Act of 2012 causing payroll tax rates to spike. During the 2011...
View ArticleThe 2012 Tax Filing Season is About to Begin for Some
Tax season is here. The IRS announced that it plans to begin processing 2012 individual income tax returns on January 30, 2013. Who Can File on January 30, 2013? According to News Release IR News...
View ArticleHow to File Your Tax Return for Free
On January 30, 2013, the IRS is scheduled to unveil links on its website, www.irs.gov, that will offer free federal and state tax filing services. For those who do not wish to file electronically,...
View ArticleUnderstanding Audit Techniques Can Help When Preparing Unfiled Tax Returns
If you have years of unfiled tax returns or are about to file for the current tax year, then understanding IRS audit techniques may help in preparing your tax return. An IRS Agent employs either the...
View ArticleIRS Ends Tax Relief for Most New Jersey and New York Victims of Hurricane Sandy
The IRS announced tax relief to individuals and business affected by Hurricane Sandy. In IR 2013-16, the IRS announced that it was extending the Hurricane Sandy tax deadline relief until April 1, 2013...
View ArticleI Have Not Filed a Tax Return in Years and Another Tax Season is Here!
If you have not filed your taxes and you have an obligation to file, then you must address the situation immediately. Although rare, the IRS may pursue criminal liability for the failure to file a...
View ArticleTips for Choosing a Tax Return Preparer [INFOGRAPHIC]
Tax season is upon us once again, and choosing the wrong tax return preparer can have a significantly affect on your finances. The tax return preparer you choose should be qualified, experienced and...
View ArticleTaxpayers May Be Eligible for Late Payment Penalty Relief
Because Congress took forever to pass the American Taxpayer Relief Act (“ATRA”), the IRS was not equipped to process forms affected by ATRA. On March 20, 2013, the IRS announced that it would provide...
View ArticleShould Tax Delinquent IRS Employees Be Fired?
If you have fallen behind on your taxes, you may be interested to know that some of the very people tasked with enforcing the tax code are delinquent on their taxes as well. This lack of compliance is...
View ArticlePresident Requests Significant Boost in IRS Funding
President Barack Obama is seeking to increase funding for the Internal Revenue Service with his fiscal year 2014 plan. The budget request was officially sent to Congress on April 10 and included an 8.8...
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