Category Archives for Tax News

What Taxpayers Really Think about the IRS

  • July 3, 2019

For the last two years, the Internal Revenue Service has surveyed taxpayers to find out what makes them comply with their tax obligations. The study – called the “Comprehensive Taxpayer Attitude Survey”

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Celebrity Attorney Adds Tax Evasion to His Web of Crime

  • July 3, 2019

IRS Terror Tale: Celebrity Attorney Michael Avenatti Faces a LOT of Prison Time for Tax CrimesMichael Avenatti has been a high-profile attorney for decades but only recently stepped into the public eye

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Tracking Down IRA Basis: A Gold Mine for Beneficiaries

  • May 17, 2019

No one likes to pay taxes unnecessarily, but that's what a lot of people who inherit IRAs wind up doing. Failing to track down the IRA basis associated with an inheritance can be a costly mistake.IRA basis

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10 Tax Breaks for the Middle Class

  • May 17, 2019

If you believe that tax breaks are reserved for the well-off: hedge fund managers and companies with offshore subsidiaries, you’re likely paying too much to the IRS.Lawmakers have enacted dozens of tax

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Treasury Cuts Penalties for Taxpayers Who Got Confused about Withholding

  • March 28, 2019

The U.S. Treasury Department is again reducing penalties for taxpayers who didn’t pay enough of their tax bill throughout the year.Taxpayers who paid at least 80 percent of their estimated tax liability

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