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Star Wars Christmas Lights Video Goes Viral

Star Wars Christmas Lights Video Goes Viral

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

Tesla Roadster Makes Comeback

Tesla Roadster Makes Comeback

Taxation in the United States

Cash For World Cup Fake Injuries? Not As Silly As It Sounds

Cash For World Cup Fake Injuries? Not As Silly As It Sounds lTaking a dive sounds like illegal boxing. But in soccer, a flop—a fake injury—is big, so big that every game includes them. In fact, faking is rampant. Sure, playing ability is more important, but becoming Meryl Streep...

Jul 13 2014, 3:16am CDT

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

Social Security Benefits you should Avail

Social Security Benefits you should Avail There are a number of benefits to social security that you should avail at all costs.

May 20 2014, 5:53am 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

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

CES 2015 News
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

Bayern Munich Football President Uli Hoeness Tax Evasion Trial Starts Today

Bayern Munich Football President Uli Hoeness Tax Evasion Trial Starts Today Uli Hoeness is close to royalty in football circles. In Germany, Mr. Hoeness was a household name for over 40 years. He started as a player, helping win West Germany the World Cup in 1974. He eventually became team...

Mar 10 2014, 1:58am CDT

Man Chokes H&R Block Tax Preparer As Block Settles Disability Case

Man Chokes H&R Block Tax Preparer As Block Settles Disability Case Who isn’t unhappy with their taxes? Paying them is never fun. Even dealing with the paperwork can be downright stressful. But please, don’t beat up your tax preparer! It’s one thing to wring your hands over your...

Mar 8 2014, 9:56pm CST

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

Buried $10 Million In Gold Wasn't Stolen After All---Until Taxes, That Is The story of an older couple walking their dog who discovered a buried cache of $10M in gold coins made you feel good. But shortly after the story broke, some claimed the coins were stolen. Turns out there was a theft...

Mar 7 2014, 1:11am 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

TurboTax 2014 Released for Your Tax Return Troubles

TurboTax 2014 Released for Your Tax Return Troubles The software known as TurboTax 2014 is the only way to go. This is because it happens to be the ideal solution for your tax return troubles.

Feb 28 2014, 3:34am 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

When Your Business Expenses Are Really Personal

When Your Business Expenses Are Really Personal If an employee is sued on the job, the employer will be too. Say a delivery driver has an accident on his route. The company and the driver will be sued. But what if a supervisor sexually harasses an employee? This...

Feb 14 2014, 12:36am 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

The Mormon Who Creates Billions of Fake Identities Every Month

The Mormon Who Creates Billions of Fake Identities Every Month Suspicious NSA and FBI agents have contacted Jacob Allred about his websites, and Social Security Administration investigators, waving badges, have showed up at his door. Businesses have cursed him. Some have telephoned...

Feb 4 2014, 12:07am 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

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

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

Tax Forms Face a Dearth During E-Filing

Tax Forms Face a Dearth During E-Filing The tax forms that are being distributed to ordinary citizens are facing a dearth in quantity. And this paucity of paper rigmarole comes during a time when the federal government and the state department are E-filing.

Jan 20 2014, 3:59am 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

You Can't Deduct Your Ex On Your Taxes

You Can't Deduct Your Ex On Your Taxes Some people get creative on their taxes. My advice? Don’t, but perhaps these examples will inspire you. The latest was William L. West, who claimed a theft loss deduction. The thief? His ex. He claimed she took over his...

Jan 14 2014, 12:46am 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