President Obama now joins former Pres. Franklin Roosevelt, Kennedy, Johnson, Nixon and Clinton in using the IRS to hammer his political opponents. Treasury officials knew of the attack by the IRS against Tea Party Conservatives in June, 2012 in the middle of Pres....
IRS NON-APOLOGY OVER HARASSING TEA PARTY NON-PROFITS Jon Stewart, on the Daily Show pegged Pres. Obama and the IRS for what they really are: “You’ve managed to show that when the government wants to do good things, your managerial competence falls somewhere between...
DRONE ATTACK In its continuing quest to collect more taxes, the IRS is targeting small business. For the past several years, individuals instead of being audited by a live human being, are being audited by computer and unresponsive mail audits. In order to get more...
Congress, after failing in its duty to revise the Internal Revenue Code for decades, has launched a tax reform website. Is this a real attempt at soliciting ideas about tax reform, or just a new twist on getting an email list? To show they are really connected with...
A lifetime trust, also known as a living trust, can be the difference between people controlling their estate and being subject to the expense, confusion, and problems that sometimes affect unplanned estates. Nevertheless, a whole industry has grown around overselling...
BITCOIN TRANSACTIONS ARE TAXABLE BITCOIN HAS BECOME THE RAGE IN THE PAST FEW MONTHS BY THE SO-CALLED ASSET PROTECTION INDUSTRY. THERE HAVE BEEN CLAIMS THAT THIS CRYPTOCURRENCY CANNOT BE DETECTED BY GOVERNMENTS AND TRANSACTIONS ARE NOT TAXABLE. NOT TRUE! Under the...
Note: The picture has been removed!! Lauryn Hill has learned that being a rock star, although it exempts you from many of the burdens of life, does not exempt you from filing taxes. Just like famous actor (Wesley Snipes) and hotel heiress (Leona Helmsley),...
NEXUS – WHEN ARE YOU “DOING BUSINESS” IN A STATE OR COUNTRY? Google is one of the biggest collection of companies in the world. Wisely, Google has divided itself into many companies to deal with the different tax laws not only in the 50 States of the United States but...
IRS to Furlough Employees on Five Days; Operations Will Shut Down Entirely The IRS will be closed for business on five days falling between May 24 and August 30. NTEU Press Release (4/19/13). Late last week, the National Treasury Employees Union (NTEU) announced that...
1. Tax Returns. ALWAYS keep tax returns.They take very little space and if there is ever an argument the return was not filed, at least you have a copy. 2. Backup records. Any written evidence that supports figures on your tax return, such as receipts, expense logs,...