IDENTITY THEFT AND TAX FRAUD – HOW BAD IS IT?
Treasury Inspector General for Tax Administration (TIGTA) released its Semiannual Report to Congress for the »
Self-Directed IRAs: Prohibited Transactions Can Get You in Trouble
When planning for retirement an individual retirement account (IRA) is a very common tax friendly »
Tennessee Court Holds that Wide Area Network Service is a Taxable Telecommunications Service
A Tennessee Trial Court has ruled that wide area network (“WAN”) services provided by IBM »
Gillette and Others $34 Million Refund Claim Gets Appellate Court Approval
The First District Court of Appeals in San Francisco California reversed a lower court decision »
The Open Championship, A Taxing Golf Tournament
With the British Open…er…The Open Championship getting underway yesterday, now is a good time to »
Recent Posts »
IDENTITY THEFT AND TAX FRAUD – HOW BAD IS IT?
Treasury Inspector General for Tax Administration (TIGTA) released its Semiannual Report to Congress for the reporting period from April 1, 2012 through September 30, 2012. TIGTA noted that among the important challenges currently confronting
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IRS Penalty Relief-First Time Penalty Abate Program
Beginning 2001 IRS started granting First Time Abate (FTA) waiver to taxpayers who have compliant history for prior three years. The purpose for granting the waiver is to reward past tax compliance and promote
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Why Washington, DC Will Never Have A Jock Tax
Today, Washington, DC will see its first postseason baseball game since 1933. One of the benefits a state (and sometimes city) gains when one of its teams makes the playoffs is unplanned tax revenue
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Tech Gurus In Search of Greener Pastures
Steve Wozniak, one of Apple’s co-founders, reportedly wants to become an Australian citizen in order to move to the country and set up a nationwide broadband network. There are always tax implications related to
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The Truth on Taxation of Olympic Gold Medals
Controversy arose this week when Americans for Tax Reform (ATR) produced an analysis which stated that gold medal winners would return to the United States to face a tax bill of $8,986 as a
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Self-Directed IRAs: Prohibited Transactions Can Get You in Trouble
When planning for retirement an individual retirement account (IRA) is a very common tax friendly way of saving. For most people that have a retirement plan, whether an IRA, 401(k), 403(b) or others, their
Read More »
