It is very common to read about a celebrity or affluent person who owes the IRS a large amount of money in back taxes. Believe it or not, some people have even taunted the IRS on social media pages in regards to stealing and defrauding the government. Here are some hot stories in the news… Continue reading →
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New Tax Laws and Same Sex Marriage Ruling
The Supreme Court recently declared the Defense of Marriage Act unconstitutional. This means that, in some states, same-sex couples who are legally married can now receive the same Social Security, retirement and health care benefits that have long been available to heterosexual couples. The ruling could even lead to a check from Uncle Sam for… Continue reading →
The Argument Against Tax Deductions
A current survey after the 2012 United States tax season showed that a majority of taxpayers were in favor of a tax system where everyone pays the same percentage of their income in taxes. Think about it: After another stressful tax season, in which, decent and fair Americans rush to get all of their information… Continue reading →
Online Sales Tax Bill To Pass
The Senate just passed a bill that will make certain large retailers charge sales tax to online shoppers. The bill will allow states to collect sales tax from goods sold via the internet. If it passes the House of Representatives and is signed into law, this law will mark the end of an era where… Continue reading →
How To Endure An Audit
Tax season has come to an end and now audit season is about to commence. People always fear that they will be audited, but in reality the chance of being audited is fairly low. About 1 out of 100 people are actually audited. Read below on how to endure an audit. However, if you do… Continue reading →
