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Americans are ditching their U.S. passports in record numbers, a sign of growing frustration with a system that taxes U.S. citizens on their global wealth whether they live in Montana or Mongolia. The latest bold-faced names to relinquish their U.
A federal judge postponed Lauryn Hill's tax evasion sentencing on Monday but not before scolding the eight-time Grammy-winning singer for reneging on a promise to make restitution by now.
“Now that there are ways for us to do banking without government involvement, we decided fulfilling (IRS demands) would not be a responsible way for Fr33 Aid to spend its money nor for our volunteers to spend their time.”
The IRS already gets a piece where you swap one product or service for another, as the IRS explains at its Bartering Tax Center. Soon the IRS may have a Bitcoin Center too. The Treasury unit, the Financial Crimes Enforcement Network,
In a move resembling a recent IRS inquiry into Americans with Swiss bank accounts, the Justice Department said a court order would let the IRS serve a 'John Doe' summons seeking records of FCIB's U.S. correspondent account at Wells Fargo & Co.
Do You Know How Much Tax You Pay?
The growing underground economy may be helping to prevent the real economy from sinking further. Workers turn to anything that pays them under the table, with no income reported and no taxes paid — especially with an uneven job picture.
Congress is preparing to take action on a bipartisan proposal to raise taxes on flu vaccines. This is not a tax on the wealthy, but rather on a broad swath of Americans, or at least those who choose to be immunized against the flu.
President Obama’s budget would raise taxes mainly on people earning more than $200,000 a year, although earners at nearly every income level would face a somewhat higher tax burden, according to a new nonpartisan analysis.
Republicans Are Pushing A New Bill That Would Make It Easier For Rich Liberals To Pay More Taxes Voluntarily
“Jesus turned water into wine, I turned it into damn likker” – Popcorn Sutton
It is once again “tax time,” that time of year when the IRS claims tax forms are due. There are some people who say that based on the wording of the IRS code the average worker is not required to file a tax return. Some of those people have even gone
President Barack Obama and first lady Michelle Obama paid $112,214 in federal income taxes for 2012 on adjusted gross income of $608,611, an effective rate of 18.4%, the White House said.
Congratulations – your tax payment is probably your biggest purchase of the year. The federal tax burden now amounts to more than $20,000 per household, according to Internal Revenue Service data. Your contribution to the Treasury coffers will...
With only a few days left before the April 15 tax deadline, Americans have a new reason to feel more anxious about filing their returns.
A bundle of documents obtained through a Freedom of Information Act (FOIA) request suggests that the nation’s tax collector may have ignored a court ruling in 2010
House Speaker John Boehner said yesterday "his party would never agree to any tax increases, even in exchange for the entitlement reform they've been calling on the president to embrace." Of course the Republicans will.
Marc Faber, author of his famous Gloom, Boom and Doom Report sees a lot of surprises for investors this year, none of which are positive. Tax increases, rampant spending and geopolitical tensions will negatively impact the economy.
French politicians of all political stripes began disclosing their assets publicly in the wake of a tax-evasion scandal that has rocked the government of President Hollande and reinforced widely held perceptions in France that leaders are corrupt.
In 1981, David A. Stockman, a former Michigan congressman turned budget director for President Ronald Reagan, gave a series of interviews to socialist William Greider who subsequently published an article in The Atlantic.
President Obama’s budget, to be released next week, will limit how much wealthy individuals – like Mitt Romney – can keep in IRAs and other retirement accounts.
Stash your dough in the Bahamas, "invest" in diamonds, and spend your tax-free cash.
France will lose its best footballers due to President François Hollande’s “crazy” 75 per cent tax on millionaire earners, the country’s football league warned on Tuesday, after a failed attempt by leading players to avoid the levy.
For anyone that has every received a notice of Federal Tax Lien, this is a letter to your favorite IRS agent/ tax Collector, Country Clerk, Title Company, Title Insurance Company, CPA, Tax Attorney, any Attorney, Liberty Tax Services, H&R Block,
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France will lose its best footballers due to President François Hollande’s “crazy” 75 per cent tax on millionaire earners, the country’s football league warned on Tuesday, after a failed attempt by leading players to avoid the levy.
For years, he has been trying to get the U.S. to change that tax rule. He's said before that this prevents him from hiring more U.S. workers. But now he's said he's also stopped shopping for acquisition targets in the U.S., too.
If you are among the four in 10 Americans who have no idea how they'll afford their tax bill this year, here are a few words of advice: Act now, not later.
We cautioned readers in 2011 that in a broke world in which the ridiculously named "muddle-through" has miserably failed, a global wealth tax seeking to expropriate some 30% of all financial assets is coming.
The Notice of Federal Tax Lien (NFTL) is quite misunderstood and therefore looking at both case law and Statutes are required to get a better understanding of the issue. If you’ve ever received one, it’s a frightening experience, knowing the ne
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Over the last few years, I’ve helped dozens of U.S. citizens and permanent residents (“green card” holders) give up their U.S. nationality or residence status. This is called Expatriation.
