As published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers... Read More »
Articles in category 'News'
Happy 100th Birthday to the American Tax Code. Here’s the Best Tax Quotes of All Time…Enjoy!
What do Ben Franklin, Albert Einstein and Plato have in common? All have provided memorable quotes about taxes over the last 100 years. Since the American Tax Code is celebrating it’s 100th birthday tomorrow, it is only fitting to revisit the notable commentary provided by such a diverse collection of Americans, all with the same thing in…
Read Full Article Categorized in: Articles, Literature and Law, News, Tax Advice, Tax Facts, Taxpayer RightsIRS: “We’re sorry for 8 day delay in opening 2012 Tax Season”
The Internal Revenue Service said that following Congress’ tax law changes last week it won’t begin processing individual income tax returns until Jan. 30, eight days later than usual. Susanna Kim, ABCNEWS.com, reports: The American Taxpayer Relief Act, which was enacted on Jan. 2, included retroactive changes to the 2011 tax year as part of…
Read Full Article Categorized in: Blog Posts, News, Tax Return PreparationI Am Aaron Worthing (or My Contribution to “Everybody Post about Brett Kimberlin Day”)
“All that is necessary for the triumph of evil is that good men do nothing.” – Edmund Burke – Ever wonder why people hate lawyers and think our judicial system is a joke? Well, if you haven’t been following the story of how left-wing blogger/activist Brett Kimberlin has used the legal system to threaten, intimidate and…
Read Full Article Categorized in: News, OpinionAmerican Taxpayers’ Taxes Exceed their Living Expenses
Kevin Duncan of The Tax Foundation writes in Americans Paying More in Taxes than for Food, Clothing, and Shelter: In 2012, Americans will pay approximately $4.041 trillion in taxes, which is $152 billion, or 3.9%, more than they will spend on housing, food, and clothing. … Between 1929 and the early 1980s, aggregate tax collections…
Read Full Article Categorized in: News, Tax PolicyShocker: Tax Preparation Outfit Named “Mo’ Money Taxes” isn’t Legit
James Maule tells the story of a tax preparation company called Mo’ Money Taxes: One of my readers alerted me to a story of which I had been unaware. It involves a tax return preparation enterprise that has created nightmares for its clients. The story involves a business called Mo’ Money Taxes, which is based…
Read Full Article Categorized in: News, Regulation of Tax Preparers, Tax Crimes, Tax TipsFormer IRS Agent & Tax Preparer Orders Hit on Former Clients
Fox News reports that a former IRS agent whose tax preparation business catered to a wealthy clientele is accused of ordering at least two former customers killed as they prepared to testify against him on fraud charges: Federal prosecutors say the targets were key witnesses against Steven Martinez, 50, who was charged last year with stealing …
Read Full Article Categorized in: News, Tax CrimesDid Media Matters Pay $850,000 to Silence IRS Whistleblower?
From Paul Caron: Media Matters Paid Former Domestic Partner $850k ‘Blackmail’ Settlement After Threat to Inform IRS: Fox News, Media Matters Boss Paid Former Partner $850k ‘Blackmail’ Settlement: Media Matters chief David Brock paid a former domestic partner $850,000 after being threatened with damaging information involving the organization’s donors and the IRS – a deal…
Read Full Article Categorized in: NewsTax Protester Cindy Sheehan Exploits Son’s Death to Avoid Paying Taxes
“Bush’s main goal is to kill as many servicemen as possible.” – Cindy Sheehan – “My son was killed in 2004. I am not paying my taxes for 2004. You killed my son, George Bush, and I don’t owe you a penny…you give my son back and I’ll pay my taxes. Come after me (for…
Read Full Article Categorized in: Absurd Tax Protester Arguments, NewsBeware of Nutty AICPA Scam Notices
Has anyone else gotten an email spam like this? You’re receiving this notification as a Certified Public Accountant and a member of AICPA. Having trouble reading this email? Termination of Accountant status due to income tax fraud allegations Dear AICPA member,We have been notified of your alleged involvement in tax return fraud on behalf of one of your…
Read Full Article Categorized in: News7th Circuit Affirms Tax Court: No Charitable Deduction for Donation of House to Fire Department
In 2009 I wrote in IRS is Right To Deny Charitable Contribution of Home to Fire Department that, Taxpayers who donate their homes to the fire department in exchange for the fire department’s promise to demolish the home clearly are receiving value in exchange for the property. The taxpayer and the fire department have entered into a…
Read Full Article Categorized in: Court Cases, Deductible Expenses, NewsGood Riddance: J.K. Harris Shuts Down
The second unscrupulous player in the tax resolution business has been forced to shut its doors as a result of thousands of consumer complaints and several government investigations. Paul Caron has the story: JK Harris Tax Resolution Firm Closes its Doors Consumer Affairs, JK Harris Suspends Operations, Prepares to Liquidate: Tax-Preparation Firm Swamped by Consumer…
Read Full Article Categorized in: News, Tax Collections, Tax CrimesJustice Ginsburg Disses Constitution She Swore to Uphold
If you wonder why conservatives are so concerned about Democrats stacking the court with liberals, read Eugene Volokh’s blog post reporting that Justice Ruth Bader Ginsburg appeared on Egyptian television and warned developing nations of the world not to use the U.S. Constitution as a model (emphasis is mine): Liberty Counsel points to these these excerpts of an interview with…
Read Full Article Categorized in: News, Supreme CourtTaxpayer Advocate Nina Olson’s Starts Blog
My favorite IRS employee has started a blog. Paul Caron reports: National Taxpayer Advocate Nina Olson has started a blog: Welcome to the National Taxpayer Advocate’s blog about taxpayer rights and taxpayer burden. For starters, let me explain that I use the term “taxpayer rights” here to mean not only statutory rights but also the…
Read Full Article Categorized in: News, Tax Blogging, Taxpayer Advocate280,000 Federal Workers are Tax Deadbeats
Paul Caron reports that nearly 280,000 current and former federal workers are delinquent in their tax obligations: Over 279,000 federal workers and retirees owed more than $3.4 billion in back income taxes in 2010 (up from $3.3 billion in 2009, $3.0 billion in 2008, and $2.7 billion in 2007). The cabinet departments with the largest percentages of…
Read Full Article Categorized in: News, Tax CollectionsIRS Says Yankees Owe $670,000
Reuters reports that the U.S. has sued New York Yankees co-owner Hal Steinbrenner and his wife seeking more than $670,00 in taxes, saying that amount was erroneously refunded to the baseball team based on a late refund claim for the 2001 tax year: The suit filed by the Internal Revenue Service in U.S. District Court in…
Read Full Article Categorized in: News, Tax Collections