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Star Wars Christmas Lights Video Goes Viral

Star Wars Christmas Lights Video Goes Viral

2016 Cadillac CTS-V has 640hp

2016 Cadillac CTS-V has 640hp

CES 2015: LG will unveil its New 4K Ultra HD TV with Quantum Dot Technology

CES 2015: LG will unveil its New 4K Ultra HD TV with Quantum Dot Technology

Budweiser Super Bowl 2015 Ad leaks

Budweiser Super Bowl 2015 Ad leaks

The Best 2014 Super Bowl Ads

The Best 2014 Super Bowl Ads

Internal Revenue Service

The Biggest Winner In Triple Crown Betting

The Biggest Winner In Triple Crown Betting Some 15 million people will watch California Chrome June 7th, many pulling for California Chrome. A Triple Crown Winner would be great, especially out of a kind of rags to riches story like this one. And that probably...

Jun 7 2014, 1:23pm CDT

IRS is Taxing Tax Day Freebies?

IRS is Taxing Tax Day Freebies? The list of Tax Day Freebies and discounts grows every year. Tax Day can be painful, so collecting fun perks that also help businesses seems like a win-win. But could they themselves be taxed? It’s not a silly...

Apr 15 2014, 4:35am CDT

Lois Lerner should be charged according to House Republicans

Lois Lerner should be charged according to House Republicans The accusation is going to be of three crimes relating to the IRS’s targeting of conservative groups seeking tax exempt status

Apr 8 2014, 10:59am CDT

World Travel, Great. On Uncle Sam? Priceless

World Travel, Great. On Uncle Sam? Priceless Reading Deborah Jacobs piece, How To Follow Your Dream And Spend Your Retirement Traveling The World, got me thinking. You have to admit it sounds awfully good. She describes a kind of fantasy: ditch your...

Apr 5 2014, 9:26pm CDT

How Long Can IRS Audit? It All Depends On You

How Long Can IRS Audit? In most cases, the IRS has three years after you file to audit. If the IRS shows up after that, you may be able to point out that the statute of limitations has run. It’s better than hunting for receipts! But there are...

Apr 3 2014, 8:11am CDT

IRS Says Bitcoin is Property Not Currency

IRS Says Bitcoin is Property Not Currency The IRS passed some legislation according to which Bitcoin is a property, not a legal currency in tax system. And Bitcoin is to be taxed. This decision is of great importance indeed.

Mar 26 2014, 3:42am CDT

Finding Lost Bitcoin Could Mean IRS Finds You

Finding Lost Bitcoin Might Mean IRS Finds You The bankrupt Japanese Bitcoin exchange MtGox discovered over 200,000 lost Bitcoins valued at over $116 million. The coins apparently showed up in an old Bitcoin wallet format. MtGox’s CEO said he thought it no...

Mar 23 2014, 2:00pm CDT

E-File Tax Return: TurboTax Resolves Tax Return Issues

E-File Tax Return: TurboTax Resolves Tax Return Issues IRS is already offering free e-file program that makes tax filing quite an easy proposition. But TurboTax 2014 is also there to resolve tax return issues.

Mar 22 2014, 7:11am CDT

CES 2015 News
Bitcoin's Keyser Söze Revealed?

Bitcoin's Keyser Söze Revealed? The controversy roiling the Bitcoin community continues with the outing and then cloaking of the man fingered by Newsweek as Bitcoin’s Louis Pasteur. But the unassuming Dorian S. Nakamoto, a Japanese-American man...

Mar 8 2014, 9:00am CST

IRS.gov Updates IRS2Go Smartphone App

IRS.gov Updates IRS2Go Smartphone App IRS.gov has developed a free smartphone app called IRS2Go. An updated version of this app is now available for both iOS and Android devices.

Mar 8 2014, 4:24am CST

Gambler Who Lost $500,000 In Vegas Sues Casino: 'Too Drunk To Gamble'

Gambler Who Lost $500,000 In Vegas Sues Casino: 'Too Drunk To Gamble' Turns out what happens in Vegas doesn’t stay in Vegas after all. When you drop $500,000 in Las Vegas, someone should pay. Well, someone else. After gambling 17 hours at Vegas’ Downtown Grand, Mr. Mark Johnston lost...

Mar 7 2014, 8:01am CST

Oscar Freebies Balloon To $80K (Don't Tell IRS)

Oscar Freebies Balloon To $80K (Don't Tell IRS) No matter who you are, it is somehow fun to receive free stuff. Perhaps it is less fun for the truly wealthy, but it’s still fun, especially if the items are downright cool and are dropped in your lap. It should be no...

Mar 1 2014, 9:01am CST

IRS.Gov Free App Update is Now Available

IRS.Gov Free App Update is Now Available An updated version of the IRS.gov developed free smartphone app IRS2Go is now available for both iOS and Android devices.

Feb 26 2014, 1:19am CST

IRS Goes Mobile

IRS Goes Mobile Looking for tax information on the go? The Internal Revenue Service has released the update to its smartphone application for the new tax season. The app, IRS2Go 4.0, is free for your iPhone or your Droid. The app,...

Feb 10 2014, 8:47am CST

Tax E-File Now Available Free

Tax E-File Now Available Free The e-filing of tax returns has been started. IRS has started free e-file program that makes tax filing quite an easy proposition.

Feb 8 2014, 2:12am CST

The IRS and the Statute Limitations on their Ability to Prosecute Tax Fraud

The IRS and the Statute Limitations on their Ability to Prosecute Tax Fraud If you’re starting to think about tax filing season, you’re not alone. As always occurs in the run-up to April 15th, the government wants to remind you to fly right. You must sign tax returns under penalties of perjury...

Feb 5 2014, 11:30pm CST

IRS e-file Program Starts The e-filing tax returns has been started. The IRS free e-file program makes tax filing quite an easy proposition.

Feb 3 2014, 11:55am CST

The End Of The (Silk) Road For Bitcoin Millionaire As IRS, Fed

The End Of The (Silk) Road For Bitcoin Millionaire As IRS, Fed Agencies Make Arrests We used to assume that crime happened in predictable places: dark alleys and dicey street corners. In reality, some of the biggest crimes in the world are occurring in home offices and in family basements: some of the...

Feb 1 2014, 6:25am CST

IRS: Don't Call Us, Look It Up On IRS.Gov

IRS: Don't Call Us, Look It Up On IRS.Gov As the Internal Revenue Service begins  processing an expected 148 million individual income tax returns for 2013, IRS Commissioner John Koskinen  is apologizing to taxpayers for the sorry state of telephone...

Jan 31 2014, 4:55pm CST

Higher Minimum Wages Means More Independent Contractors

Higher Minimum Wages Means More Independent Contractors Did President Obama just make independent contractor v. employee issues bigger? Arguably, yes. His State of the Union Address noted that he would sign an executive order increasing the minimum worker wage for...

Jan 29 2014, 2:22am CST

7 Crippling and Costly Mistakes With Form 1099

7 Crippling and Costly Mistakes With Form 1099 It’s Form 1099 season, and companies big and small are churning them out. If you’re in business–even as a sole proprietor–you need to pay attention to issuing them or face penalties. The burden on businesses seems to...

Jan 28 2014, 4:46am CST

 The Grammys Taxes and the IRS

Grammys Taxes and the IRS The Grammys award show is a big production, which GRAMMY.com calls Music’s Biggest Night. Awards are coveted for their status and industry recognition, but they can increase performer earnings too. On the...

Jan 27 2014, 5:00am CST

Irs.gov Offers Free File Program

Irs.gov Offers Free File Program The governmental shutdown has caused the date for filing tax returns to be postponed to January 31st. However, the Irs.gov free file program makes this quite an easy proposition.

Jan 22 2014, 4:57am CST

Writing Off Justin Bieber's $75,000 Strip Club Bill

Writing Off Justin Bieber's $75,000 Strip Club Bill Justin Bieber allegedly dropped $75,000 in just a few hours in a Miami strip club. The King of Diamonds club told TMZ that Mr. Bieber “got $75k in 1 dollar bills and went wild.” It may sound silly, but Bieber has money...

Jan 22 2014, 2:26am CST

Gun-Toting At The IRS

Gun-Toting At The IRS The IRS wields enormous power, but should agents be armed too? With all of the controversy facing the IRS and the tax system these days, it can seem doubly scary to contemplate tax collectors being armed. As Prof. Paul...

Jan 18 2014, 3:36pm CST

Worldwide Travel, Write It Up, Write It Off

Worldwide Travel, Write It Up, Write It Off You have to admit it sounds awfully good. Travel the world, write your experiences, and write off all your expenses on your taxes. Trouble is, someone thought of it before you, and the IRS said no. Not only that, the...

Jan 17 2014, 1:11am CST

Even U.S. Banks Must Aid IRS Hunt For Offshore Accounts

Even U.S. Banks Must Aid IRS Hunt For Offshore Accounts Banks worldwide may not like FATCA, the massive American disclosure law. But most banks everywhere are still lining up to comply. After all, if foreign banks don’t hand over American account holder details, they can...

Jan 16 2014, 12:56am CST

Bitcoin Breaks Out, You Can Now Pay The IRS In Cryptocurrency

Bitcoin Breaks Out, You Can Now Pay The IRS In Cryptocurrency As bitcoin moves away from being known only to the tech cognoscenti and becomes a real viable currency that is adopted broadly, more organizations arise that look to leverage all this attention and add something of...

Jan 15 2014, 5:21pm CST

Will Overstock Force IRS To Make Up Its Mind About Bitcoin?

Will Overstock Force IRS To Make Up Its Mind About Bitcoin? Overstock raised eyebrows earlier this month when the retailer announced it would accept Bitcoin as payment. While Bitcoin has slowly been making inroads into the U.S. economy, Overstock is by far the largest, most...

Jan 13 2014, 11:01pm CST

Top 10 Most Litigated Tax Issues

Top 10 Most Litigated Tax Issues What happens when a taxpayer disagrees with the Internal Revenue Service? Some people think that the matter ends there: the IRS always wins, right? Not necessarily. There are a few ways to appeal an action with IRS but...

Jan 11 2014, 3:51pm CST

Report To Congress: IRS Is Increasingly Unable To Meet Taxpayer Needs

Report To Congress: IRS Is Increasingly Unable To Meet Taxpayer Needs When Congress threatened “right-sized” budget cuts for the Internal Revenue Service last July, it was a clear swipe at the agency which had been under fire following a number of scandals. House Appropriations Chairman...

Jan 9 2014, 10:56pm CST

IRS Seeking Volunteers To Help Taxpayers File For Free

IRS Seeking Volunteers To Help Taxpayers File For Free “Occupation?” I asked. “Spy,” he replied, looking at me with his eyes sparkling, daring me to disagree. I nodded. And then I typed “Retired.” I probably sat with 20 seniors that day at the Internal Revenue Service...

Jan 9 2014, 9:06pm CST

Filing Your Taxes Early? IRS Will Not Process Returns Before Opening Day

Filing Your Taxes Early? IRS Will Not Process Returns Before Opening Day Despite the announcement from the Internal Revenue Service about the late start to tax season, taxpayers are already confused. Why the confusion? Tax preparer advertising. Some tax preparers are accepting tax returns...

Jan 8 2014, 9:11pm CST

Do You Speak IRS? Tax Resources Available In Many Languages

Do You Speak IRS? Tax Resources Available In Many Languages Pferd. Kuh. Ente. Gelb. Rot. Blau. Throw in a few numbers and you now have the extent of my ability to speak German. Farm animals, colors and numbers. That’s what I’ve picked up from the children’s books at the house:...

Jan 8 2014, 10:41am CST

I4U news

Taxing Bitcoin: IRS Review Will Have Big Implications For Investors In Virtual Currency By now most everyone has heard of Bitcoin. But exactly what is it? And how should it be taxed? Bitcoin is usually described as virtual currency. That’s useful shorthand, but is it really money? And should it be taxed as...

Jan 7 2014, 2:56pm CST

Jodie Sweetin Paid off Tax to IRS

Jodie Sweetin Paid off Tax to IRS Jodie Sweetin has finally paid off an income tax amounting to $53,000 to the IRS.

Jan 7 2014, 8:13am CST

IRS: New Year, New Rules

IRS: New Year, New Rules There are a lot of changes brewing in the tax world for 2014. Some changes are the result of things Congress did – and even more, the result of things didn’t do. But Congress doesn’t pull all of the strings. The...

Jan 3 2014, 2:36pm CST

Top Tax Stories Of 2013

Top Tax Stories Of 2013 When it comes to taxes, one thing you can’t say about 2013: it definitely wasn’t boring. Here are the top ten most popular tax stories on Taxgirl this year, by reader views: 11 Reasons Why I Never Want To Own A House...

Jan 1 2014, 10:36pm CST

Game Offers Tax Advice To Rappers: Write Off Strippers, Sneaks And Medical Marijuana

Game Offers Tax Advice To Rappers: Write Off Strippers, Sneaks And Medical Marijuana The Game may be a successful rapper but his tax advice leaves a little bit to be desired. Born Jayceon Terrell Taylor, Game was discovered by Dr. Dre in 2003. His debut album “The Documentary” went on to sell over five...

Dec 29 2013, 11:36pm CST

Timing Is Everything: 11 Key Triggers To Keep In Mind For The 2013 Tax Year

Timing Is Everything: 11 Key Triggers To Keep In Mind For The 2013 Tax Year At year end, there is often a flurry of advice about making income and deductions count for the year. The general consensus tends to be that nearly everything needs to be wrapped up by December 31. While December 31 is...

Dec 23 2013, 5:11pm CST