LIGHTS, CAMERA, TAX EVASION

Recently the IRS proved that no one is above the law when it comes to paying taxes. Wesley Snipes, actor, was charged this week with tax evasion. Snipe’s is charged with failing to file income tax returns from 1999 to 2005. Additionally, the a...Read more

Congress doesn’t extend several tax breaks

As Congress closed this recent session, several tax breaks that could help American families were left unresolved. Each item on the agenda even has received majority support, and yet families will suffer from the lack of action on Congresses part. W...Read more

Back Taxes, You Forgot to File, Now What?

Problem? Yes and No. No because you can file ASAP. Yes, because penalties and interest can be fairly steep. (Generally, interest is charged on any unpaid tax from the due date of the return until the date of payment. The interest rate is determined ...Read more

IRS lacks safeguards from sneak peeks

IRS employees could be gaining unauthorized access Gannett News Service reported that on average, 42 percent of IRS supervisors sampled in the audit certified that they had reviewed security reports showing whether their staffers gained access to ta...Read more

New email scam uses IRS information

The IRS is warning taxpayers to be on the lookout for a new e-mail scam that uses the Treasury Department’s Electronic Federal Tax Payment System as a hook to lure individuals into disclosing their personal information. The system, which is us...Read more

Canadian Finance Minister Reproves IRS

Canadian Finance Minister Jim Flaherty issued a strong reproof of the IRS in his response to the Wall Street Journal, New York Times and Washington Post, blasting a new IRS tax crackdown that could ensnare tens of thousands of innocent Americans liv...Read more