Photo by RODNAE Productions Welcome to the continuation of the ol' blog's Tax Crime Weekend! Yesterday's post featured efforts to end abusive tax schemes and bring their promoters to justice. Today's post expands on the legal reckoning theme. The Internal Revenue Service's Criminal Investigation division, known as IRS-CI, recently revealed its top 10 cases of 2022. Wide variety of schemes, one outcome: The tax evasion attempts included Ponzi pyramid schemes, fake businesses, COVID-19 fraud, bogus tax credit, and even a reality TV couple. And more. Despite the diversity of their criminal tax acts, they shared one thing. They got caught.…
The Rev. Dr. Martin Luther King in Washington, D.C., in 1963 where he delivered his “I Have A Dream” speech. (Photo via Wikimedia) On this Martin Luther King, Jr. Day federal holiday, the focus once again is on public service. It’s a way to honor The Rev. Dr. King’s commitment to helping those who need it the most. It’s also a time when we rightfully recall the civil rights leader’s most famous speech, his delivery of his “I have a dream” vision of equality in Washington, D.C., on Aug. 28, 1963. But King also knew that hard, practical work was…
One of the forms in the long list of tax documents you need to file your 2022 return is the 1099-K. This form has been used for years for third-party payment processors — for example, PayPal, Amazon, eBay, Facebook Marketplace, rideshare companies, and many more — to report to fund recipients the money they got during the year. The Internal Revenue Service also gets a copy so it can check the amounts that the earners report on their tax returns. Taxpayers have been getting 1099-K forms since 2012, with this initial reporting coving third-party amounts in 2011. The factors that…
The tax year is over. Long live the tax year. Taxes are, if nothing else, persistent. Sure, there are a few (or more) changes every year, even if it's only inflation adjustments. But even in years when the changes are negligible, they are back, starting to add up on the first of every January. That's why 2023 is the first By the Numbers honoree of this new year. The transition from an old to a new tax year is also the focus of this post. It's a look at six tax matters that affected or at least fascinated us in…
Nothing ever disappears on the internet. Even, or especially, tax related posts. Take the bad legal take on taxes that tops this post. It was retweeted on Sunday (Dec. 11) by, you guessed it, Bad Legal Takes. But there's no indication of when Dave Champion originally blasted out his bad tax advice. It might have been before he was barred by a federal court in 2012 from promoting a tax fraud scheme. Or maybe he's back, since this Tweet apparently went up in October. His books also are still for sale online. Either way, that item this weekend spurred a…
Not all foreign tax havens are tropical islands, but the idyllic getaways do conjure images of tax crooks enjoying isolated beaches at Internal Revenue Service's expense. (Photo by Asad Photo Maldives) Correlation does not imply causation, but in a couple of high-profile offshore tax evasion cases, it's starting to look like trying to allegedly put one over on the U.S. tax collector is not a healthy move. For the second time in four months, a defendant in an offshore tax evasion case has died. Carlos Kepke, a Houston-based tax attorney who was indicted on charges that he helped hide $225…
Right now, a lot of folks are thinking they should have been like Larry. The Larry they wished they'd emulated is Larry David, known for his curmudgeonly television character. He tweaked that persona to become a naysayer on several inventions that, per the commercial's Super Bowl debut, changed the world. The television ad for FTX crypto exchange advised viewers, "Don't be like Larry" and instead invest in digital currency via the company. On Friday, Nov. 11, FTX filed for bankruptcy following reports that between $1 billion to $2 billion of FTX customer funds disappeared. Continuing crypto troubles: This is just…
The Internal Revenue Service's Criminal Investigation (IRS-CI) division is doing its part to close the Tax Gap, which now sits at $496 billion in uncollected tax. The IRS' law enforcement group's recently released annual report notes that its agents initiated more than 2,550 criminal investigations, identified more than $31 billion from tax and financial crimes, and obtained a 90.6 percent conviction rate on cases that were prosecuted. Much of IRS-CI's success during the 2022 fiscal year, which ended on Sept. 30, was due to its increased cooperation and partnership with its global counterparts to combat tax and financial crimes worldwide.…
The October filing extension deadline, which falls on Oct. 17 this year since the 15th is Saturday, is less than a week away. The Internal Revenue Service is waiting on the uber procrastinators to get their filings in by next Monday. But the IRS isn't the only federal financial office awaiting postponed documents. FinCEN also demands extended FBAR filings be in by Oct. 17. Taxable money, but not an IRS issue: FBAR, or Report of Foreign Bank and Financial Accounts, is how FBAR information is the federal government's way of tracking foreign bank and financial accounts owned by U.S. taxpayers. Although it…
The Internal Revenue Service saw its largest tax fraud case ever end on Aug. 5 when Robert T. Brockman died. The 81-year-old billionaire had been charged with 39 criminal financial crimes, including tax evasion. Federal investigations alleged that Brockman was part of an elaborate offshore tax fraud scheme that cheated the U.S. Treasury out of more than $1.4 billion in taxes, penalties, and interest. While the criminal case is over, legal actions in civil and tax courtrooms to recoup the allegedly unpaid taxes (and add-on charges) continue. Special tax action to protect collection: As part of that process, the IRS…
Just more than a year ago, a Parkville, Missouri, man pleaded guilty to charges filed in two separate federal investigations. One was a case involving conspiracy to commit wire and major program fraud. The defendant admitted to his role in a $335 million scheme to defraud federal programs that award contracts to firms owned by minorities, veterans, and service-disabled veterans. The second charge was one of tax evasion to the tune of $615,847. The Missouri man confessed to claiming fraudulent business expenses on his 2016 tax year return and filing false returns from 2013 to 2016. Last Thursday, Sept. 22, the man…
I suspect everyone involved in this ceremonial big check delivery is much happier than they appear in this Secret Service photo. COVID-19 federal financial assistance was a boon to many businesses that struggled during the pandemic’s height. Now it’s Uncle Sam who’s getting relief. The U.S. Secret Service today announced the return of around $286 million in Economic Injury Disaster Loans (EIDL) to the Small Business Administration (SBA). The loans were granted based on fraudulently submitted applications that contained fabricated or stolen employment and personal information. Debit cards to hide, move funds: The investigation was initiated by the Secret Service’s…
Barclays Bank building in Madrid (Photo by M.Peinado from Alcalá de Henares, España – 001782 – Madrid, CC BY 2.0) It's not a crime to put your money into legitimate foreign financial institutions. However, if the amount meets a certain threshold, you are required to report that money to the U.S. government. When U.S. taxpayers ignore this process, officially known as filing of a Report of Foreign Bank and Financial Accounts, or FBAR, they can face costly consequences. That's the case in the FBAR collection complaint filed Aug. 15 by federal officials seeking judgment against the defendant who, per the…
Photo by Kay Bell Millions of Americans are displaying the U.S. flag today. Some, like my neighbors shown in the photo atop this post, planted poles for Old Glory and replicas in their yards, at the beginning of the long Independence Day holiday. Others fly the Stars and Stripes every day. If you’re inclined to fly the U.S. flag any time, the following infographic has some tips from Uncle Sam himself — OK, USA.gov — and the Flag Code, officially Title 4, Chapter 1 of the U.S. Code. More flag tips and tidbits: Want to impress friends and family at…
Photo by EKATERINA BOLOVTSOVA Dealing with the normal ups and, too frequently of late, downs of the stock market is enough of a worry. But things can quickly go even further downhill when crooks use fake investments to defraud victims. Not surprisingly, those criminals often get greedier and try to cheat Uncle Sam, too. Such overreach, however, didn’t work out well for one California man. Robert Louis Cirillo of Chino Hills pleaded guilty in federal court on Tuesday, June 28, to charges of defrauding investors of $3.2 million, as well as scamming an elderly man of hundreds of thousands of dollars,…
Photo by Andrea Piacquadio I’m later than usual posting today because the hubby and I finally cleaned a room that we’ve ignored for way too long. That meant it took longer than if we’d just dusted a bit more regularly. That’s why I’m thinking of hiring a cleaning person. OK, I probably won’t. I do think about it every time we do some major cleaning job, since I find housekeeping a total drag. Just ask the hubby. But I’m not really one for people I don’t really know being in my house. Plus, if we do hire cleaning help, we…
UPDATE, Tuesday, Jan. 16, 2024: The U.S. Supreme Court declined to hear an appeal of the Washington Supreme Court’s Quinn decision, which held that the Evergreen State's capital gains tax is a constitutionally valid excise tax, not an income tax violating the Washington State Constitution's Uniformity Clause. The nation's highest court's refusal to hear the case means that the Washington State anti-capital gains tax group might revisit its no-referendum decision. UPDATE, Friday, March 24, 2023: The Washington Supreme Court this morning upheld the state's capital gains tax, which was approved by lawmakers in 2021. Opponents contested the new law, citing the Evergreen State's…
The Internal Revenue Service’s Whistleblower Office marked its 15th anniversary in fiscal year 2021 by making 179 awards to whistleblowers totaling more than $36 million. “Whistleblower claim numbers assigned in FY 2021 grew by 55% year over year, the second highest level of new claim numbers in the history of the program and claim closures also increased by 13%,” wrote John Hinman, director of the IRS Whistleblower Office, in the introduction to the office’s 2021 Annual Report to Congress, released on June 10. Those tips led to the IRS collecting in fiscal 2021 more than $245 million, which includes almost $23 million in criminal fines,…
U.S. Continental Navy ship Alfred at its commissioning at Philadelphia on Dec. 3, 1775, captured in this oil painting by W. Nowland Van Powell. America’s earliest sailors also were the new nation’s first whistleblowers. (Image courtesy Naval History and Heritage Command) Memorial Day and its surrounding weekend days are to honor those in the armed forces who gave their all to protect us and our country. But, thank goodness, the ultimate sacrifice isn’t required in all cases. Sometimes other forms of protection are just as necessary to protect us and society at large against fraud, waste, and abuse of power.…
The 16-year tax fight between a former pizza franchise mogul and the state of Kansas is over. The Sunflower State owes Gene Bicknell $63 million. At least that’s the amount that Bicknell, who at one time owned the most Pizza Huts in the world, says he’s due from the Kansas Department of Revenue (KDOR) after it erroneously taxed him as a Kansas resident when he lived in Florida. Kansas vs. Florida tax residence status: Bicknell’s legal tax residency was at the heart of the multimillion-dollar tax matter. The KDOR said Bicknell was a Kansas resident. Bicknell, however, argued that his main…
Crypto currency aficionados thought the worse thing happening to their holdings lately was the crashing market prices. Sorry. There’s more. Tax investigators say they’ve discovered a possible $1 billion Ponzi scheme focusing on the crypto market. More than 50 potential crypto tax offences have been uncovered by international tax inspectors, according to reports out of a recent London conference of leaders of the Joint Chiefs of Global Tax Enforcement (J5) countries. The J5 was created to fight transnational tax crime through increased enforcement collaboration. The participating tax agencies — the Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), France’s…
The wheels of justice turn slowly, but grind exceedingly fine. Yes, it’s a cliché, one with an origin attributed to many. But for the U.S. Department of Justice (DoJ) this week, it applies. Finally. After 21 years as a fugitive, convicted tax felon Robin J. McPherson was once again in a U.S. federal courtroom. He had been evading the justice system since December 2000, when he and two co-codefendants were found guilty of conspiring to defraud the Internal Revenue Service and of tax evasion that totaled more than $1 million. But before his scheduled sentencing in March 2001, the former…
Photo by Kampus Production via Pexels. Here in Austin, we’re in the midst of doing our civic duties. In between the March primaries and late May runoffs from inconclusive races in that voting session, residents of the Lone Star State’s capital are deciding on a trio of ballot questions. Two deal with property taxes. The third asks, in part, if we Austinites would like to eliminate enforcement of low-level marijuana offenses. There’s a statue of Willie Nelson in downtown Austin. What do you expect the result to be? Toking in Tejas: Joking aside, Austin is just one Texas city that’s looking…
Imgur-Finextra Organized crowdfunding has been around for 25 years. It’s helped people make ends meet, cover emergency expenses, make movies, support others in need. It’s taken on a new life due to recent catastrophic events. During the first seven months of the COVID-19 pandemic in 2020, more than 175,000 GoFundMe campaigns were established in the United States for coronavirus-related needs. Now, as Ukrainians fight off Russian invaders, direct online contributions are flooding into efforts to aid the country’s resistance and humanitarian efforts. Such expansion of financial transactions means, of course, that here in the United States, the Internal Revenue Service…
Volodymyr Zelenskyy, president of Ukraine, made an emotional plea to U.S. lawmakers for more help as his country battles Russian aggression. Screenshot of the address from C-SPAN broadcast. Ukrainian President Volodymyr Zelenskyy spoke directly to members of the U.S. Congress this morning, urging them to do more to protect help his country’s efforts to fight Russian invaders. At one point in the virtual speech, delivered remotely from his country’s war-torn capital Kyiv, Zelenskyy called on President Joe Biden to be the world’s “leader of peace.” Hours after the emotional plea, Biden responded. He thanked Zelenskyy for his address, and pledged…
March Madness, the name of the annual NCAA men’s basketball tournament, begins today. The betting on the games began Sunday, as soon as the 68 teams filling the brackets were announced. I’m not a big college sports fan, basketball included, so all I know about this year’s tourney is that my alma mater is attending the Big Dance. Texas Tech’s impressive roundball team, with its AP Big 12 Coach of the Year Mark Adams, will play its first game scheduled for Friday, March 18, afternoon. I’m rooting for the Tech team. However, I am not betting on the guys. No…
Some of my friends are done with COVID-19, and have taken to traveling again, both within the United States and abroad. I’m not quite there yet, but if it works for them and I’m not on their flight or cruise ship, good for them. Also good for those who are taking international trips. I get to see their social media photo travelogues, and I know they are being responsible taxpayers. If they owed a major debt to the Internal Revenue Service, which currently is deemed an unpaid tax bill of $55,000 or more, they likely would have had their passports…
Photo by Andea Piacquadio from Pexels Back in olden times, taxpayers put their literal signatures on the 1040 forms they filed with the Internal Revenue Service. Now, most of us electronically sign our tax returns. Regardless of which method you use, the end result is the same. If you don’t sign your tax return, it’s not a valid submission. That oversight cost one expatriate couple $12,697 in tax refunds. The loss recently was affirmed the Federal Circuit Court of Appeals. The ruling gets this weekend’s Sunday Shout Out. I’ll let you read it yourself. It’s not that long (just nine pages), and…
The Internal Revenue Service Criminal Investigation (IRS-CI) unit is my favorite section of the tax agency. Part of it is because I’ve always been fascinated by law enforcement. Add tax geek to the mix, and it’s a natural fit. My investigative bent was bolstered when my first full-time job as a young newspaper reporter on the cop beat. Those West Texas police officers tried their best to intimidate and gross out this young woman. They failed. Many times, solving a crime also is like unravelling a mystery, especially when the crooks are inventive. As a life-long mystery fan, that component…
Thirsty New Yorkers celebrate Prohibition Repeal Day at a local, again legal, bar. Image from Las Vegas’ National Museum of Organized Crime and Law Enforcement, more popularly known as The Mob Museum, blog post on how Prohibition changed beer. Today’s a big day for tax geeks and craft beer aficionados, as well as for lovers of fine (or cheaper; no judging here) wines and liquors. On Dec. 5, 1933, Prohibition ended with the passage of the 23rd amendment to the U.S. constitution. Whenever last century’s 13-year booze ban is discussed, the focus naturally tends to be on the alcohol component.…
Photo by RODNAE Productions from Pexels I know, it seems like it's all crypto all the time of late here at the ol' blog. But that's because that's what's happening right now in the tax world. There is, of course, the new tax reporting rules for digital assets, including cryptocurrency, that are part of the just-enacted transportation law. One of the reasons lawmakers approved the closer look by the Internal Revenue Service at digital transactions is because law enforcement officers have found the sector rife with criminal tax activity. It's not just anecdotal reports. OK, it is some anecdotal reports, but they're…
Most of us would love to win the lottery. And most of us know that hitting a jackpot means the U.S. Treasury is a winner, too. Taxes due on gambling winnings are just part of the price of such payoffs. But an Ohio man pushed his luck a bit too far. He’s now awaiting sentencing on his attempt to evade taxes on a lottery jackpot. The Hillard, Ohio, man pleaded guilty this week in U.S. District Court to one count of filing a false tax return with the Internal Revenue Service in connection with his $1 million lottery win 2015.…
The tax voyeur in all of us enjoyed the latest unsurprising revelations of how rich people hide money around the world, including a dozen U.S. states and D.C., to avoid paying taxes. The attention to this not really news item also is a good time to note the difference between illegal tax evasion and legal tax avoidance. The South Dakota capitol building is in the state's capital city of Pierre. The state itself is the U.S. capital as far as the most trusts identified in the Pandora Papers. (Photo by Jake DeGroot via Wikipedia) Last week we got news that…
The loss of tax revenue is substantial, since most states collect tax (or are supposed to) on all their meals, from eat-in to pick up to delivery. Tasty and taxable. (Photo by Adrienn via Pexels) Running a restaurant poses many challenges. Dealing with increased food costs. Hiring and training staff. Finding an accessible and affordable location. Complying with health and other regulatory rules. Paying taxes. The tax consideration is getting special attention in California, where an extended investigation reveals that around a fifth of the state's restaurants are using high-tech methods to skip out on taxes. "The California Department of…
Is the fifth time the charm? The owners of cannabis businesses legal in their states certainly hope that modified multiple maxim is true. The Secure and Fair Enforcement (SAFE) Banking Act would allow cannabis businesses in the 36 states with retail dispensaries (that are taxed) to operate the same way their non-marijuana related colleagues do. They could pay their federal taxes with a check, secure loans to expand their operations, and accept bank debit card transactions by customers. Right now, that’s all problematic at best. Businesses that sell marijuana are limited in their banking options since the plant still is…
I spend way too much time on social media, specifically Twitter. I like the quick hit, hyperbolic, melodramatic tone of many of the folks I follow. One Tweet in particular caught my eye last week with its dismissal of LuLaRoe clothing. Geraldine DeRuiter, who blogs at The Everywhereist, is not a fan. “LulaRoe clothing has spread like a spandex pox over my local thrift store. Shirts and skirts and dresses, all so bizarrely ugly, and not a good sort of ugly, but a strange, sad, I-think-maybe-humanity-should-go-extinct kind of ugly.”https://t.co/voUOOQRRCf — Geraldine (@everywhereist) September 19, 2021 After I quit laughing, I…
Sports betting has expanded beyond casino sportsbooks like this one in Las Vegas. And this NFL season, the league has made deals with seven sports betting companies. (Photo by Kay Bell) The National Football League's 2021 season kicks off tonight with the Dallas Cowboys visiting the defending Super Bowl champion Tampa Bay Buccaneers. Are you ready for some sports betting, this time OK'ed by the NFL? The NFL reached deals last month with FOX Bet, BetMGM, PointsBet, and WynnBET to be the league's Approved Sportsbook Operators. This means that, among other things, the four legal betting operations can purchase televised…
Tonight's Powerball drawing is $304 million*. If your numbers don't come up, or even if they do, you can check out Mega Millions' drawing on Friday, Aug. 27, for a jackpot that by then will be more than the current $288 million**. *UPDATE, Thursday, Aug. 26, 2021: No big winner last night. That pushes the Powerball jackpot for Saturday's, Aug. 28, drawing to, right now, $322 million. **UPDATE, Saturday, Aug. 28, 2021: Stop me if you're heard this, but no big Mega Millions winner on Aug. 27. That means the Tuesday, Aug. 31, jackpot will be at least $306 million.…
When is a tax whistleblower not a whistleblower, at least as far as getting rewarded for certain information? When the Internal Revenue Service determines that added taxes didn't directly come from the whistleblower's, well, whistle blowing. That's what recently happened to a man who altered the IRS to what he thought was unreported, and therefore untaxed, income. The IRS, acting on the tip, reviewed the reported individual's apparently questionable filing. However, the IRS found that the suspect funds were indeed non-taxable. But then the IRS took a longer look at the taxpayer's filing, and found what it determined were improper…
Tax reporting changes of virtual currency transactions remain a part of the infrastructure bill, now on the bumpy legislative road to passage in the U.S. Senate. But crypto already has been contributing to the U.S. Treasury, and I'm not talking about individual taxpayers' filings. So far this fiscal year, the Internal Revenue Service's Criminal Investigation division has seized $1.2 billion in crypto currencies. And there's still almost two months before fiscal 2021 ends on Sept. 30. That amount is a reflection of the tax agency's increased interest in digital currency. "In fiscal year 2019, we had about $700,000 worth of…
If you don't follow international taxes, you probably missed the CumEx story. The team of investigative reporters who uncovered the alleged tax fraud schemes back in 2017 characterized it as "the largest tax robbery in the history of Europe." Thirty-eight reporters from 19 newsrooms in 12 countries collaborated across borders to dig through 180,000 pages of documents related to the allected tax fraud. Just what did the alleged tax schemers do? The short version is, allegedly, that banks, stock traders, and lawyers obtained billions from European treasuries through suspected fraud and speculation involving investment dividend taxes. According to the journalists,…
Thoreau's Cove, circa 1908, on Walden Pond near Concord, Massachusetts. (Photo from the U.S. Library of Congress via Wikimedia Commons) Nature is a healing touchstone for many. That was especially evident when we reduced our socializing due to COVID-19. A walk in a park was a way to get out of our self-imposed lockdowns and stay safely distant from others while embracing the environment. Many people went further as the coronavirus pandemic continued, moving from crowded cities to suburban or urban retreats where they could work from home. They found, in a fashion, their own modern day Walden Ponds. At…
The University of Alabama soon might have some new competitors in the SEC. (Pixabay via Pexels) Sure, the COVID-delayed 2020 Summer Olympics are finally underway, but here in Texas we're fixating on, what else, football. The Dallas Cowboys will kick off the NFL's 2021 preseason in a couple of weeks, but it's college football that is dominating the conversation right now. It looks like the Big 12, which only has 10 colleges in the conference, is about to lose two more. Oklahoma (OU) and Texas (UT) reportedly are joining the Southeastern Conference (SEC). Not only would that mess up the…
Kickback apparently has discontinued its bottled cold coffee with CBD, but still offers the cannabis chemical in ready-to-drink teas and ground coffee. (Photo by Deceptitom via Wikipedia) It's been one of those weeks. That's why when I woke up late this morning – OK, early afternoon — I thought (was hoping) it was Saturday. Once the caffeine kicked in, I discovered that maybe I should be using another energy booster. Cannabidiol, or CBD as it's commonly called. CBD is the second most prevalent of the active ingredients in the Cannabis sativa plant, also known as marijuana or hemp. As recreational…
It's the Fourth of July weekend. The 2021 celebration is getting added attention, since last year most of America's birthday parties were canceled due to the COVID-19 pandemic. But July 1 is another date of note. The year's midpoint is the first day of the fiscal year for most states and, according to The Tax Foundation, 13 have notable tax changes that took effect last week. There are individual income tax changes in Idaho and Illinois, corporate adjustments in Indiana and Montana, inheritance tax alterations in Iowa, and revisions of sales, use and gross receipts taxes in Florida, Kansas, New…
Photo of John McAfee shared by his wife earlier this year as part of a Twitter post arguing for his release from a Spanish prison. Last week, millionaire software developer John McAfee was in a Spanish court arguing that he shouldn't be extradited to the United States to face tax evasion charges. Today, MacAfee was found dead in his cell at a Barcelona-area jail. There's no official word on the cause of death. News reports, however, say a preliminary investigation found no signs of foul play. Early indications are that McAfee hanged himself. Hours before the discovery, Spain's National Court…
More tourists, including American travelers, are expected this year at the Louvre and other European destinations as countries continue to get a better handle on the coronavirus. (Photo by Dimitry Anikin from Pexels) Most Americans are looking forward July 4th to celebrations this year like the ones they enjoyed pre-COVID. The vaccinated hubby and I are among that group, although I admit that last year's fireworks free festivities were fine with us. Others, however, are planning on declaring their coronavirus independence in a global fashion. The European Union (EU) plans a gradual and partial easing of its international travel ban on…
While one accused wealthy tax cheat awaits a Spanish court's decision on whether he'll be returned to the United States to face charges, U.S. lawmakers look for ways to snare more rich tax evaders. Or at least get more from them up front. Rather than letting the wealthy have more money to burn, efforts are underway in Washington, D.C., to make it easier to catch rich tax scofflaws, as well as to simply tax them even more. Billionaires who've managed to use tax laws to avoid paying any tax have been getting even more attention lately. Some wealthy people, however,…
The rest of us waiting for less, but just as eagerly anticipated, refunds should use IRS online options to track down their money. One of the biggest taxpayer frustrations every year is having to wait on the Internal Revenue Service to issue refunds. That's been exacerbated during taxes in the time of COVID-19. The coronavirus pandemic has meant delayed filing deadlines, new tax laws and more jobs for IRS personnel. And that's meant that what used to be considered routine IRS work and customer service has suffered. I wish I could tell you this post was a welcome revelation that…
Bernie Madoff leaving a court hearing in 2009. Bernard “Bernie” Lawrence Madoff died on April 14 in a federal prison medical facility where he was being treated for terminal kidney disease. The 82-year-old had been in jail since 2009 for orchestrating the world’s largest Ponzi scheme. Madoff pleaded guilty on March 12, 2009, to 11 federal crimes, including operating the financial fraud that bilked as many as 37,000 people in 136 countries over two decades. He was sentenced three months later to the maximum 150 years behind bars and ordered to pay restitution of $170 billion. At the time of…
New York last week became the latest state to legalize recreational marijuana. New Yorkers now can possess up to 3 ounces of cannabis for recreational use. But don't expect to pick up some of that legal weed any time soon. While using marijuana is legal for adults age 21 or older, the process of approving dispensaries and establishing precise regulations and tax rules for cannabis distribution will take a while. 17 cannabis OK locales: Still, the Empire State's move is a big one. New York is the 17th jurisdiction to join the legal cannabis club. The toking fraternity includes 16…
New COVID-19 laws have been a lifeline for many individuals and businesses as the United States. They've also created new opportunities for crooks. The Internal Revenue Service, specifically its Criminal Investigation (CI) Division, is well aware of the increased tax-related coronavirus crimes. To mark the one-year anniversary of the Coronavirus Aid, Relief and Economic Security (CARES) Act, CI officials today discussed the unit's success in combatting fraud related to the Economic Impact Payments, Paycheck Protection Program (PPP) loans and claims of the Employee Retention Credit. The CI's commemoration is particularly timely. It comes just one day after a Texas man…
The Rev. Dr. Martin Luther King in Washington, D.C., in 1963 where he delivered his “I Have A Dream” speech. (Photo via Wikimedia) It’s Dr. Martin Luther King, Jr. Day 2021. If there’s one tiny, thin silver lining to the terrible times we are enduring due to COVID-19 and political unrest, it’s that these awful realities should help us focus on Dr. King’s efforts. Equal justice: It is the first MLK Day following the creation of the Black Lives Matter movement. The deaths of George Floyd and Breonna Taylor and too many others that sparked this 21st century drive for…
Remember when you were a kid and you told mom about the latest misdeed committed by your little brother. Oh, wait. Maybe that’s just me reminiscing. And as I recall, while my mother was glad to know when my younger sibling did or was about to do something (I was a proactive big sister!) that was dangerous (he was the more adventurous one), she emphasized that continually tattling about everything Ben did that annoyed me was not productive. And I never got rewarded for my snitching observations. My mother would not have made a very good Internal Revenue Service Whistleblower…
We don't have an image of D.B. Cooper parachuting from a hijacked jetliner Thanksgiving week 1971, but he did jump out over some dense Oregon woods that likely looked a lot like these. (Photo by ankiyay via Pexels) Last week was the weirdest Thanksgiving holiday ever for many of us. In addition to dealing with possible family confrontations in the wake of the most contentious post-election period in modern memory, we had to adjust to pandemic complicated get-togethers. That's why an anniversary probably slipped by you. During Thanksgiving week 49 years ago, a tall thin man, dressed in a business…
The coronavirus pandemic has created challenges for Internal Revenue Service's law enforcement branch, but also was part of its successes during the last fiscal year. During the 2020 accounting period, which started Oct. 1, 2019, and ran through Sept. 30, 2020, the IRS' Criminal Investigation (CI) Division initiated nearly 1,598 investigations and identified $2.3 billion in tax fraud schemes. Some of those investigations were into COVID-19 related illegal activity. "Unfortunately, criminals don’t stop committing crimes just because there is a national health emergency. In fact, some criminals pounce on the opportunity to take advantage of others as well as government…
It's no surprise that bad people take advantage of bad situations. That's why as we continue to cope with COVID-19, pandemic-related scams — tax and otherwise — proliferate. The latest coronavirus tax scam arrives via a text message. COVID-19 text scam warning: It was created by thieves who are trying to trick people into disclosing bank account information under the guise of receiving the $1,200 COVID-19 Economic Impact Payment (EIP), according to the Internal Revenue Service and its Security Summit partners. This scam's text message tells recipients: "You have received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further…
The coronavirus has affected the U.S. Tax Court again. Last week, the federal court that presides over taxpayer disputes with the Internal Revenue Service announced that it was going back to mail and other deliveries only. "Effective Friday, October 30, 2020, and until further notice, the United States Tax Court will be suspending its in-person acceptance of hand-delivered documents," according to a press release by the court. Timely mailings only: The announcement noted that in addition to the "timely mailing" of petitions or notices to "comply with statutory deadlines … of appeal," the Tax Court's eAccess and eFiling systems remain…
Marco Verch via Flickr Halloween's tomorrow. Have your youngsters (and you!) picked out who or what they (and you!) want to be? When I was very young, I went trick-or-treating for several years as my favorite cartoon character, Bugs Bunny. Nowadays, though, kiddos tend to opt for other outfits. Over the years, the hubby and I have opened our front door on Oct. 31 to candy-craving athletes, superheroes and the occasional real-life occupation, such as a firefighter or astronaut or physician. With COVID-19 haunting this Halloween, we all might see more health care costumes sprinkled among the traditional goblins and…
Image by Daniela Hartmann via Flickr I joked on Twitter last week that coronavirus pandemic self-isolation has gotten to me so much that I'm considering buying all the gadgets whose ads keep popping up in my feed as holiday gifts. OK, I half joked. I've always tended to shop online anyway. COVID-19 has just moved me from 95 percent to 100 percent in that direction. And some of the items really are interesting. C'mon, admit it. You, too, wouldn't mind having a solar-power bird bath fountain or a pocket-sized, snowflake-shaped multi-tool. These items are even more appealing when you realize…
John McAfee's banner image on his Twitter account. If you've waiting until the upcoming October extension deadline to file, chances are you wanted the extra time to ensure that you got your filing right. That's smart. Making mistakes or overlooking tax breaks could cost you, not only money but also time if you end up having to answer Internal Revenue Service questions about your filing. And when an audit — or examination as the IRS likes to call the process — definitely doesn't go your way, you could end up in more trouble. That's what happened to John David McAfee.…
A White Walker with an ice spear from the HBO show Game of Thrones. A North Carolina man allegedly took his love of the Game of Thrones books and television program too far. He's been charged by federal officials of trying to steal $6.1 million in Paycheck Protection Program (PPP) loans by setting up fake companies, some of which were named after the popular fantasy series, referred to as GoT by its millions of fans. Tristan Bishop Pan of Garner, North Carolina, has been charged with wire fraud, bank fraud, and engaging in unlawful monetary transactions, according to officials with…
A panoramic view of the University of Colorado's Folsom Field. The school has a deal worth more than $1.6 million dollars with an Australian sportsbook. (Photo by MECU via Wikipedia Commons) I hope your college football teams did better than mine did yesterday. I also hope that if you placed any bets on any National Collegiate Athletic Association (NCAA) games, your selections netted you some extra cash. My aforementioned reference to the sad play of my teams is why I don't bet on sports, college or pro. But many people have been wagering legally on amateur college competitions since the Supreme…
Justice Ruth Bader Ginsburg was not the first woman appointed to the Supreme Court of the United States (SCOTUS). She was, however, a feminist and pop culture icon, and her death at age 87 is being mourned nationwide. She passed away last night, Sept. 18, at her home in Washington due to complications of metastatic pancreatic cancer. Legal and popular recognition: Ginsburg in recent years was referred to by her fans as the Notorious R.B.G., a play on the name of the rapper Notorious B.I.G. who shared her Brooklyn birthplace. Her recognition beyond the bench also came from the Oscar-nominated…
Tax revenue is critical. It's even more important during a global pandemic when governments worldwide are facing shortfalls due to COVID-19 economic effects. So it's no surprise that tax officials are taking closer looks at possible tax scofflaws. And in many instances, they're getting help from their citizenry. Recent cases in point come from across the pond. Irish tax officials are getting record numbers of so-called good citizen reports of tax evaders. The United Kingdom's HM Revenue & Customs has boosted payments to those tipping it off about tax dodgers. Part of the reason for Ireland's impressive increase in tax…
Being your own boss is a challenge even in good times. Now, with the COVID-19 pandemic disrupting your personal and professional life, keeping your individual enterprise operating is particularly dicey. So you probably were thrilled when Donald J. Trump took executive action last weekend to establish a temporary payroll tax holiday. Since you're both the boss and employee, that means that you pay both those components of the Federal Insurance Contributions Act (FICA) payroll taxes. Getting to hold off paying at least some of your employee portion certainly could help with your cash flow. Or not. Right now, Trump's executive…
Donald J. Trump announced on Aug. 8 four executive actions to provide COVID-19 relief in the wake of the stalled Congressional talks. (White House photo via Twitter) By now everyone knows that Donald J. Trump decided to literally take COVID-19 relief into his own hands yesterday. Sitting at table in a meeting room at his Bedminster, New Jersey, golf club, surrounded by media and club members who served as a smaller surrogate rally crowd to cheer him and boo the reporters, Trump sign four executive actions. One was a formal Executive Order. The other three were memoranda. He and his…
Remember the Michigan man who lost his property because he underpaid by $8.41 the overdue real estate tax bill? The state's highest court says the how the tax sale of Uri Rafaeli's house was handled was wrong, at least as far as the transaction's proceeds. Because of that finding, the Michigan Supreme Court said Rafaeli, an 85-year-old retired engineer, is due financial compensation for the loss of his home to the tax collector. That means Rafaeli soon should be depositing more than $24,000 from the county. High Court speaks: "[G]overnment shall not collect more in taxes than are owed, nor…
Yes, people should pay their bills. Sometimes, though, things happen. Just look at the financial crises the coronavirus pandemic has created for individuals. And yes, in some limited cases turning over way past-due bills to a private collection agency is appropriate. Note the use of the word limited. Full disclosure. For the most part, I hate bill collectors. I've helped family members who were in financial straits deal with them. While things worked out in our favor, those agencies' employees were the total worst. That's why I was disappointed (yeah, let's use that term to keep the ol' blog family…
Kansas City Chiefs quarterback Patrick Mahomes celebrating his team's victory. (Image via GIPHY) The Kansas City Chiefs are champions again, this time coming out victorious in a courtroom tax match-up. Exactly four months after the Chiefs won Super Bowl LIV, the Missouri Supreme Court delivered the National Football League franchise a decisive victory in its effort to avoid paying sales taxes. It ends the tax fight that began in 2014 when the Chiefs appealed a Missouri Department of Revenue panel's decision that the team owes more than $1 million in back taxes related to the refurbishment of Arrowhead Stadium. Sales…
Can't sleep? You're not alone in these trying, tax and otherwise, times. (Photo by Andrea Piacquadio via Pexels) 2020 has been, at best, a difficult year and we're not even halfway through. For these first five months, millions of us have been facing each day a barrage of concerns that are producing a continual level of extraordinary stress. In addition to our normal day-to-day anxieties, we've been dealing with the COVID-19 pandemic, its unemployment and financial fallout, the recent deaths African Americans at the hands of individuals and while in law enforcement custody, heated and escalating political messaging in a…
Some people. Trying to survive a global pandemic isn't enough for them. They have to go and break the law, too. I'm not talking about defying a state's closure order or hawking subpar face masks online. Nope, two New England businessmen this week became the first individuals to be arrested and charged with fraud in connection with the Paycheck Protection Program (PPP). The small business assistance program was created as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act to help companies struggling due to the effects of the virus. David A. Staveley of Andover, Massachusetts, and David…
Are you having some trouble getting fired up for Super Bowl LIV? I feel ya. It’s hard when your team isn’t one of the competitors. But as a lifelong Dallas Cowboys fan, I’ve learned over the last 24 years — yes, that’s how long it’s been since Them Cowboys were in the National Football League championship game — creative ways to pique my interest in the annual match-up. This year, for example, it’s pretty easy to find a reason to watch. Kansas City Chief’s star quarterback Patrick Mahomes is not only a native Texan like the hubby and me, but…
Detroit police inspecting illegal alcohol distilling equipment found in a clandestine underground brewery during Prohibition. (Photo: National Archives and Records Administration via Wikipedia Commons) Last week was the 100th anniversary of a momentous, and eventually failed, effort by U.S. lawmakers to control public actions. Following ratification of the 18th Amendment in 1919, Congress followed up with the National Prohibition Act, commonly referred to as the Volstead Act. It outlawed the production, distribution and transportation of alcohol. The United States officially went dry on Jan. 17, 1920. Not only did Prohibition, authorized by the 18th Amendment, fail to stop Americans from…
IRS building by David Boeke via Flickr CC A lot of former Internal Revenue Service employees take the lessons they learned on that job and create second careers as tax advisers and preparers. That's a nice professional segue. Going from being part of the U.S. tax collection machine to helping folks pay Uncle Sam as little as legally possible. But it needs to be done after IRS employees leave their government job. One current IRS staffer in the agency's Andover, Massachusetts, service center was, to borrow a tax term, double dipping. Worse, federal prosecutors say she filed almost 600 false…
Congress played Santa this week, averting a government shutdown and approving a wide variety of anticipated tax breaks. Merry Christmas U.S. taxpayers. H.R. 1865, the Further Consolidated Appropriations Act, 2020, is now law. In a surprise move earlier this month, House and Senate negotiators cobbled together a massive bill that not only, as the name indicates, assures that the federal government stays open, but which also included some long-awaited (at least by those who will benefit) expired tax provisions. In addition, lawmakers corrected — and by corrected, I mean repealed — some obvious — and by obvious, I mean universally…
Folks who cheat on their taxes to pocket extra dollars are infuriating enough to those of us struggling to do everything right on our 1040 forms. Folks who go to extremes to evade taxes are even more maddening. The Internal Revenue Service, however, has some good news for us here. It's Criminal Investigation (CI) unit is catching and convicting these tax criminals at a commendable rate. A 91.2 percent conviction rate in 2019, to be precise. That's among the highest of all federal law enforcement agencies, according to the IRS. And CI, which detailed that conviction rate and other successes…
Record-setting Cyber Monday sales means more porches across the United States will look like this. But the remote sales' boost to state tax coffers wasn't as big as some expected. $9.4 billion. That's how much U.S. shoppers spent on the just-passed Cyber Monday. That was nearly 20 percent more than last year's $7.9 billion tally for the annual and over-hyped Monday-after-Thanksgiving online shopping day. Obviously, the $9.4 billion in sales is a Cyber Monday record. Also obviously, all those online transactions will help out the state treasuries that now, in the wake of the Supreme Court's Wayfair 2018 decision, are…
Current state and local taxes deduction limit on federal Form 1040 Schedule A. We're wrapping up the second full year of living with the Tax Cuts and Jobs Act (TCJA) but some things still feel unfinished. Treasury and the Internal Revenue Service continue to issue guidance on various provisions, tax forms still are being tweaked, economists can't agree on the tax bill's economic effects and a key legal battle is still raging. The courtroom drama is about, you guessed it, TCJA's $10,000 limit on state and local taxes itemized federal deductions. Fighting a low-SALT tax diet: In July 2018, New…
Photo by Elaine Smith via Flickr CC It's been more than a year since the Supreme Court said states could collect online sales taxes from retailers who don't have any physical presence, aka nexus, in their states. But the internet tax collection process is still evolving. Going from a system where nationwide online sellers rarely if ever collected sales taxes from their customers to one — or actually multiple given the various tax system of states — where these purchasing levies are collected is not easy. Still, progress has been made. Online sales tax collection evolution: These taxes still are…
Even more intriguing, will Donald J. Trump now become social media's definitive Florida Man? Donald Trump, especially early in his presidency, spent a lot of time at Mar-a-Lago, his South Florida club and residence. Here, Trump and Melania in April 2017 welcomed the People's Republic of China president Xi Jinping and his wife Peng Liyuan to the Palm Beach abode. Now Trump says it, not Trump Tower in New York City, will be his official residence. (Photo via Trump's Twitter account and Wikipedia Commons). The hubby and I used to live in Donald J. Trump's future full-time home. Alas, for us,…
Nome, Alaska, is one of the cities in The Last Frontier that collects a local sales tax. The state’s Gold Rush city is among the municipalities that will be able to unite under a new plan to collect sales taxes on online purchases. (Image: Wikipedia Commons) Alaska is known in the tax world as the only state that has no income or sales tax. The key word here, though, is state. The Last Frontier’s local jurisdictions are allowed to levy local sales taxes. These tax-collecting communities now have a plan to work together to collect tax on online sales. Creation…
Attention, tax preparers. Next week is a big one. The filing extension deadline is Tuesday, Oct. 15. Then the very next day, the renewal season opens for paid Preparer Tax Identification Number (PTIN) applications and renewals. Also note that while there won't be any requirement to pay a user fee to obtain or renew a PTIN, this likely is the last time that the identification number assignments will be free. Last week, as the U.S. Supreme Court began its new term, the justices decided not to hear the case that reinstated the fees for PTINs. That means the ruling affirming…
via GIPHY The Kansas City Chiefs, with its star quarterback Patrick Mahomes, is among the handful of teams that National Football League watchers say have a shot at winning Super Bowl LIV next February. But the Missouri professional football team could be facing a tougher fight off the field. Last week, the Chiefs' attorneys argued before the Missouri Supreme Court that most of the NFL team's expenditures on items to renovate Arrowhead Stadium almost a decade ago should not be subject to the state's sales tax. This current court tax battle, which started in 2014, is due to an appeal…
The Trump Administration currently is embroiled in a whistleblower controversy. But another situation where a witness to tax wrongdoing — not any alleged Donald J. Trump activity! — has worked out much more satisfactorily. A $11.5 million award has been presented to a person whose information led to the government collecting over $44.4 million in taxes, penalties and interest, according to the whistleblower attorneys involved in the case. In announcing the award, attorneys Stephen M. Kohn of the Washington, D.C. firm of Kohn, Kohn and Colapinto and Dean Zerbe of the Houston-based firm Zerbe, Miller, Fingeret, Frank & Jadav, lauded…
Al "Scarface" Capone at his sentencing for tax evasion. Back in the Prohibition Era, federal agents — notably those from the Internal Revenue Service — took down the notorious gangster. The tax agency's Criminal Investigation agents are celebrating their 100th birthday this year. (Photo courtesy All That's Interesting: 25 Al Capone Facts) The United States' tax system is based on the premise that all income is taxable, including illegally earned income. Our tax system also relies on the voluntary reporting of that income, including ill-gotten gains. But human nature being what it is, that doesn't always happen, even with legally…
When California last year joined the literal growing ranks of states that have legalized marijuana, initial projections were that the state soon would be raking in $1 billion annually from weed-related taxes. That apparently was a pipe dream. The report on Golden State cannabis excise taxes collected between April and June was just $74 million. That disappointing revenue amount is this week's By the Numbers figure. Even more discouraging, California Gov. Gavin Newsom's office sharply scaled back projected tax dollars from the state's legal weed market. That's been the case in other states, too. In pushing through legal marijuana, both…
This February 2016 photo on Twitter of Donald J. Trump signing a tax return is one of the few, and unrevealing, looks we've gotten of his federal filings. The focus of Donald J. Trump and his White House change quickly. Issues that were boiling over just days ago quickly get pushed to a back burner by something else that's hotter. But some of those old topics are still simmering. And one of them, Trump's tax returns, saw the heat turned up a bit recently. It was, however, a former college student, not Trump, who was put on the hot spot.…
States as well as shoppers now must deal with remote sales taxes. (Image by Daniela Hartmann via Flickr CC) Just over a year ago, the Supreme Court of the United States (SCOTUS) struck down a previous ruling and expanded the ability of states to collect sales tax on from remote sellers. Many states in the wake of the 5-to-4 SCOTUS decision in South Dakota v. Wayfair have or are working on systems to collect sales tax from sellers who don't have a physical presence in their states. New Hampshire, however, has taken a different approach. The state has no sales…
North Carolina offers many gorgeous vistas, but the tax view for some trusts wasn't nearly so nice until a recent Supreme Court ruling. Now they can claim refunds of overpayments. (Blue Ridge Mountains viewed from Blue Ridge Parkway's Deep Gap overlook in western North Carolina; photo by Ken Thomas via Wikipedia Commons) You've got to appreciate the audacity of Tar Heel State tax officials. North Carolina decided it was due tax on a trust because a beneficiary was a state resident. That recipient of trust proceeds, Kimberley Rice Kaestner, was North Carolina's only connection to the trust. The person who…
//Kara's Party Ideas If you don't have to work on this post-July 4th Friday, then you're probably spending the day recovering from your patriotic and fireworks-laden celebrations. Some folks also are resting up from their birthday partying. Yep, I'm talking about those folks born on the Fourth of July. Famous 4th birthday celebrants: Several celebrities share this early July birth date. People magazine published a slide show and those from that presentation that caught my eye include: Eva Marie Saint, the Academy Award winning actress immortalized in On the Waterfront, which was directed by Elia Kazan and also showcased real-life…
Sometimes justice does prevail. Last week it arrived along with a dose of schadenfreude from all us who've paid, albeit usually grudgingly, our taxes over the years. On Friday, June 21, Virginia tax attorney-turned-lobbyist James F. Miller pleaded guilty to willfully filing a false tax return. And Miller wasn't just any National Capital area tax attorney. He was former employee of the Department of Justice' Tax Division. Again, schadenfreude. Six-digit tax bill on under-reported millions: The amount of money involved in Miller's case also is impressive. Miller, 67, under reported his gross income on his 2010 through 2014 tax returns…
The Internal Revenue Service wants the money you owe. It prefers you pay your taxes on time and in the conventional manner. But Uncle Sam's tax collector is not averse to working with delinquent taxpayers so that it can get the due taxes without an undue hardship on the debtors, such as via an installment payment plan. There are, however, limits as shown in two recent U.S. Tax Court cases. Within weeks of each other, two companies on opposite sides of the country, found their efforts to pay their very large tax bills over time overruled for basically the same…
Things that are never good: an unexpected envelope from the Internal Revenue Service. That's the assessment of one of my personal finance writer pals. Today, she's working to clear things up in connection with one of those mailing she got from Uncle Sam's tax man. It's not a fun exercise, but it's definitely one you should undertake if you disagree with an IRS decision. In fact, the IRS own Taxpayer Bill of Rights covers this situation in several of its tenets. Specifically, I'm looking at every taxpayer's right to: Pay no more than the correct amount of tax, Challenge the…
The Internal Revenue Service has formed a working group to look into allegations that some of its Free File members really didn't (don't?) want taxpayers to file for free. State and city officials have launched official investigations into or taken legal steps in connection with allegations that some tax software companies redirected online searches away from their free options on at the IRS website. Now what is being hailed as the first nationwide class-action lawsuit in the matter has been filed against Intuit, the maker of TurboTax. Tax software giant is legal target: It's no surprise that the tax software…
Michael Cohen (left) and Tom Arnold run into each other in New York City in June 2018. (Photo via Tom Arnold on Twitter) Michael Cohen, Donald J. Trump's former attorney and previously self-described fixer, is heading to federal prison in a couple weeks. But in a recent conversation with actor Tom Arnold, Cohen said he didn't commit all of the crimes for which he will do time. Specifically, according to the story on the telephone discussion that the Wall Street Journal broke, Cohen says he's not guilty of tax evasion, one of the charges for which he's going to jail.…
420 Day celebrant photo by GoToVan via Flickr Happy 420 Day, when marijuana smokers commemorate cannabis. It's not surprising that the origins of this unofficial holiday to celebrate weed are fuzzy. Some say it's based on the California police or penal code number 420 that designates marijuana smoking. Not true. Another theory is that there are 420 active chemicals in marijuana. That count must have been made after a few tokes over the line. There are more than 500 active ingredients in marijuana, with only about 70 or so being cannabinoids unique to the plant. A more likely explanation is…
March Madness is heating up. We're down to the Elite 8. I usually don't pay too much attention to college basketball, or college sports in general. I follow the professional games because I like to yell at the players, and I feel much more comfortable cursing guys who're pocketing beaucoup bucks instead of unpaid college athletes. I am in the minority, even in my house. The hubby has been sneaking some TV time watching the NCAA men's basketball championship tournament, though truth be told that's mainly because our alma matter, Texas Tech, is doing pretty well. Only the ELITE remain!#MarchMadness |…
This post was reviewed and updated Friday, Sept. 4, 2020. The original post can be found here. College and its ever-increasing costs certainly have gotten a lot of attention. During the last two Democratic presidential primaries, candidates have proposed ways that Uncle Sam can provide additional educational assistance to students and their families. As the 2020 school year gets off to a somewhat sputtering start during the COVID-19 pandemic, the costs of dealing with the medical and health care emergency are further complicating things. School changes and costs: Remote classes mean families are having to purchase or upgrade electronic devices…
Part of today's International Women's Day celebrations are for the continuing employment advances by women. Our 21st century progress is due in large part to the pivotal roles of female employees in traditionally male jobs, like this woman machining parts for transport planes at the Consolidated Aircraft Corporation plant in Fort Worth, Texas, in 1942. (Photo via Wikimedia Commons) Back in 2017 when Congress was formulating the comprehensive tax law changes that would become the Tax Cuts and Jobs Act (TCJA), the #MeToo movement was in full force, shining a light on the prevalence of sexual assault. As the TCJA…
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March 5, 2026
Tax filing season is also peak time for tax scams. Be on the lookout for…
Happy New Tax Year! Are you ready to file your 2025 tax return? I know, too early to ask. But Tax Day 2026 will be here before we realize it. The Internal Revenue Service deadline to file and pay any tax we owe is the regular April 15 date this year. It’s also Tax Day for most of the states that collect income taxes from their residents, which is most of the states! If that seems too far away right now, don’t worry. As is the case every tax season, the ol’ blog’s tips and other tax reminders should help all of us meet our state and federal responsibilities. Procrastinators also will want to keep an eye on the countdown clock just below. It tracks how much time we have until April’s Tax Day, just in case we put off our annual tax task until the absolutely final hours and decide we need to instead get an extension request into the IRS by that date. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

