Michael Cohen makes his opening statement before the House Oversight Committee on Feb. 27, 2019. (C-SPAN video screenshot) We have a complicated relationship with money, particularly when it comes to divulging details about it in our personal lives. Few of us (outside of personal finance bloggers) want to say how much we make. We tend to be vague, saying we're doing fine or perhaps going as far as to say things like "in the high five figures." We're a little more forthcoming when it comes to taxes, especially when we get tax refunds or don't, as recent social media complaints…
Armie Hammer and Felicity Jones as Martin and Ruth Bader Ginsburg in the movie "On the Basis of Sex." (Photo courtesy Focus Features) The U.S. Tax Court has gotten some unexpected attention of late for two very different reasons. The fun reason is the movie "On the Basis of Sex." The film is based on a real-life gender discrimination case involving caregiver tax deductions claimed by a man. He is represented by a young and future Supreme Court Justice Ruth Bader Ginsburg and her tax litigator husband Martin Ginsburg. The Ginsburgs won the Tax Court case and the rest is…
Jeff and MacKenzie Bezos are getting a divorce. I know, it's hard to feel too bad for folks who are so wealthy. They tend to come through difficult circumstances quite well. But the joint announcement today (on Twitter, of course) from the world's richest man and his soon-to-be ex-wife got me thinking about, of course, taxes. By making the decision to end their marriage in 2019, Bezos is losing a tax break while Mrs. Bezos is getting one. As I said, I'm sure neither Mr. or Mrs. Bezos won't suffer too much. Both he and his wife will have lots…
The Dallas Cowboys, in white uniforms during a game with Detroit at Jerry World a few years ago, are heading back to the NFL playoffs. The Pokes last won a post-season game in 1996, when they ultimately won Super Bowl XXX. Will they change their dismal playoff run in 2019? (Photo by Kay Bell) National Football League fans in Texas are pretty happy this final regular season game weekend. Both the Houston Texans and Dallas Cowboys will play the post-season, with the Pokes actually winning their division. Go figure. I haven't been paying as close attention to the NFL this…
I've never been a big shopper. So when the ability to virtually peruse shelves and racks came along, it was like a gift from heaven. I am not alone. Even folks who enjoy the in-store experience have been shifting to online shopping in recent years. Cyber Monday 2018 hit a new shopping record. You'd think that this burst of online shopping would be good for state tax departments, more of which are now getting additional sales tax money following this summer's 5-to-4 U.S. Supreme Court decision in South Dakota v. Wayfair. That ruling struck down the prior Quill nexus requirement and…
Did you get all your shopping done on Cyber Monday? A lot of us did. Adobe, which tracks the multitude of transactions among major U.S. retailers, projects that online sales this Cyber Monday will be $7.8 billion. That's an 18.3 percent increase from the $6.6 billion spent last year on the Monday after Thanksgiving. If that figure is reached (or bettered), it would make Cyber Monday the highest-selling day of the 2018 holiday season. Those sales amounts seem to support the argument made by online sales tax advocates that the levies wouldn't materially deter cyber shoppers. Court opens door for…
The post-Thanksgiving shopping ad inserts, stacked at left, consumed more newsprint than my local newspaper in which they were stuffed! Welcome to the first holiday shopping season after the U.S. Supreme Court's Wayfair decision. That ruling last June OK'ed states' efforts to collect sales tax from companies even if they don't have a physical presence, aka nexus, in the locales. Some states were champing at the bit and quickly enacted or tweaked laws mandating at least some sellers, generally those of larger size, start collecting from their customers and sending the tax cash to the appropriate offices. Others are being…
The Internal Revenue Service's crime fighting division did a bang-up job last fiscal year, stopping almost $10 billion in tax fraud. That 2018 amount was four times more than the previous fiscal year, according to the IRS Criminal Investigation (CI) Division’s annual report released today. CI, which marked its 100-year anniversary at the Oct. 1 start of the 2019 fiscal year, identified $9.7 billion in tax fraud during the last fiscal year (Oct. 1, 2017, through Sept. 30, 2018). That's up dramatically from the $2.5 billion CI found in fiscal 2017. Much crime, but tax fraud focus: General tax fraud…
Winston Shrout giving a financial seminar via YouTube before his recent tax legal troubles. Winston Shrout believes he's an alien with Biblical origins who was sent to Earth to destroy a particular group of Catholics. Shrout's also a convicted tax evader. Last week, a Portland judge determined that despite Shrout's out-there delusions, the 70-year-old is competent to face sentencing on guilty verdicts on 13 counts of issuing fake financial documents to banks and six counts of willful failure to file tax returns. During his 2017 trial, prosecutors introduced evidence showing that between 2009 and 2014, Shrout earned $562,224 from a carpentry…
There won't be many bets on the Dallas Cowboys to win the Super Bowl next February. Odds makers say that possibility is a 30-to-1 longshot. I'm a fan of the 'Boys and I think that's being way too optimistic! (Cowboys playing Detroit Lions in Dallas by Kay Bell) Professional football fans are ready for some football as the NFL's 2018 season kicks off tonight. And the league itself may finally be ready for some legal gambling on its sport. The reason is, of course, money. Billions in betting-related revenue: National Football League could pocket an added $2.3 billion a year thanks…
New York Giants fan chow down at a pre-NFL game tailgate party. (Photo by Ben Vardi via Wikipedia Commons) College football begins in full force this Labor Day weekend. The professional pigskin players kick off the 2018 season on Thursday, Sept. 6. That means crazy body paint, tons of tailgating and betting. Yes, although professional sports leagues and especially the National Collegiate Athletic Association (NCAA) hate to admit it, gamblers put down billions on games every year. Most of those wagers have been, and will continue to be, placed illegally despite the May 14 decision by the Supreme Court of…
The courthouse where a federal jury on Aug. 21 found Paul Manafort guilty of eight charges, including five tax evasion counts. Could he also face state charges? (Photo via Google Earth) It’s the day after bombshell revelations in two federal courtrooms and the political and tax world is still abuzz. Almost simultaneously on Tuesday, Aug. 21, afternoon, two of Donald J. Trump’s former presidential campaign officials faced serious legal judgments in two separate courtrooms. In New York City, Trump’s former personal lawyer pleaded guilty to eight federal felony counts of tax and bank fraud, as well as campaign finance law…
After years of being lambasted for efforts to regulate tax preparers, the Internal Revenue Service is on a roll in its efforts to oversee certain tax professionals. A recently introduced bipartisan Senate bill would give the IRS the authority that many argue it doesn't have to set standards for tax professionals who aren't subject to other professional guidelines. This is not the first time such legislation has been introduced. But those previous bills never went anywhere. However, the tide now seems to be shifting a bit in the tax agency's favor. Influential tax professional groups are among this latest legislative…
Money courtesy Pictures of Money via Flickr Most of us can't afford extravagant wardrobes. And we own, at most, one house. But for many of us, there's one thing that most of us share with lavish-living Paul J. Manafort. We, like the former lobbyist and political consultant, are not fans of paying taxes, especially really big Internal Revenue Service bills. Rick Gates, Manafort's former right-hand man, today told jurors hearing the tax evasion and bank fraud charges against his former boss that Manafort disliked paying a lot of taxes. But, I hope, that we aren't following Manafort's alleged method to…
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 armed Criminal Investigation agents are still on the job. (Photo courtesy All That's Interesting: 25 Al Capone Facts) Paul Manafort's tax evasion (and bank fraud) trial is shining a spotlight, at least in the tax world, on the Internal Revenue Service's unit that goes after tax criminals. In most cases, like that of Donald J. Trump's former campaign manager, it's white collar tax crime. U.S. taxpayers don't pay…
When you hire a tax professional, you want someone you can trust. In Paul Manafort's case, that apparently meant someone he trusted to file fraudulent returns. The accountant for former Donald J. Trump campaign chairman Paul Manafort told jurors hearing the bank fraud and tax evasion charges against the long-time political operative that she helped backdate documents and falsify financial records. Cynthia Laporta, who has been given limited immunity for her testimony, said the accounting maneuvers suggested by Manafort and his longtime business associate Rick Gates, who's also working with the prosecution and expected to eventually testify in the case, too.…
Paul J. Manafort's bank and tax fraud trial is underway. Three guesses, and two don't count, of what's of most interest to me. The proceedings in the Alexandria, Virginia, federal courtroom got off to a fast start. The prosecutors told the jury of six men and six women they would prove Manafort "believed the law did not apply to him." The former chairman of Donald J. Trump's presidential campaign is facing in this trial 18 counts alleging he hid more than $30 million in overseas income by funneling it through offshore accounts, lying to banks and evading taxes. One of…
Rep. Bob Goodlatte opens the hearing on what Congress should do about interstate sales taxes and remote sellers in the wake of the Supreme Court decision that upended prior standards. (House Judiciary hearing video screenshot) If you thought the interstate collection of sales taxes from remote sellers was going to get easier following the recent high court ruling on the matter, think again. Now Congress is getting involved. Again. And if you thought any decision on how federal lawmakers should address the thorny issue of taxes and interstate commerce would be easy, think, yes, again. Long and winding remote sales…
As expected, states whose residents will take a major federal tax hit under the new $10,000 limit on deductions of state and local tax (SALT) payments have headed to court. Connecticut, Maryland, New York and New Jersey on Tuesday (July 17) afternoon filed a lawsuit in federal court in New York seeking to invalidate the Tax Cuts and Jobs Act's (TCJA) changes to a long-standing federal tax deduction. In this latest semi-reform of the tax code, Congress essentially gutted the value of this itemized tax deduction for, in most cases, the millions in state income and local real property payments…
Judge Brett Kavanaugh spoke at the White House after being nominated to be the next Supreme Court justice. (Official White House photo by D. Myles Cullen via White House Instagram) Federal judge Brett Kavanaugh was tapped last night (July 9) by Donald J. Trump to replace retiring Justice Anthony Kennedy on the Supreme Court Supreme Court of the United States (SCOTUS) Kavanaugh, 53, has served on the D.C. Circuit Court of Appeals since 2006, a position for which he was nominated by the last Republican Oval Office occupant, President George W. Bush. Like Trump's prior Supreme Court justice nominee, Neil…
New Jersey Gov. Phil Murphy (D) places the state's first legal sports bets on June 14 at Monmouth Park Racetrack. (Screenshot from AP coverage. Click image to view full video.) New Jersey's governor put his money behind the Garden State's new sports betting option. Now he's paying for that. New Jersey started taking bets on sporting events on June 14, a month after the Supreme Court ruled in the state's favor and three days after Gov. Phil Murphy signed the law making his and, N.J. establishments hope, millions of other such wagers legal. The debut of the new sports betting…
U.S. Supreme Court photo by Phil Roeder via Flickr CC Sorry most* U.S. shoppers. Whether you buy from your main street brick-and-mortar retailer or your favorite cyber mall, you're probably going to owe sales tax. Sorry, too, many U.S. businesses that rely on online, catalog and phone sales. You're going to have to devise ways to collect and remit sales tax (or at least report) on your remote transactions. The Supreme Court of the United States (SCOTUS) today ruled in South Dakota vs. Wayfair that the nexus standard established in 1992 by the High Court's Quill vs. North Dakota decision is "unsound…
Real Madrid teammates Cristiano Ronaldo, left, and Luka Modrić go against each other in a Portugal vs. Croatia friendly match in June 2013. (Photo by Fanny Schertzer via Wikipedia) I'm not a soccer or World Cup fan, but many of my social media pals are. That's why my Twitter feed is full of updates on upsets and expected results from this year's tournament hosted by Russia. But those sports fans have overlooked one thing. Some of soccer's — football to the world beyond the United States — biggest global stars also have faced serious international tax battles. Portugal star fights…
Our home’s celebration of the 2018 Stanley Cup Champion Washington Capitals. It’s champions day at our house! I spent the morning watching the Washington Capitals, the new National Hockey League champions, parade down Constitution Avenue showing the Stanley Cup to their long-suffering fans. Then I switched over to watch the Golden State Warriors, the National Basketball Association’s back-to-back champs, celebrate with their fans along the downtown Oakland parade route. It’s fitting that the latest major league champs on both U.S. coasts had their parades today. Their festivities come on the heels of expanded sports betting across the country. N.J.…
In preparation for the summer cookout season, the hubby and I have been sprucing up our patio. The biggest job, aside from cleaning the thick layer of pollen off the outdoor dining table (yes, the hubby is appalled I'm showing that in the above photo), is replacing our almost 20-year-old patio furniture cushions. We tried buying replacements at local outdoor stores. Then we went to a couple of big box chains. Finally, we found what we wanted at a reasonable price in one of the many gardening/outdoor living catalogs that fill up our snail mail box. So we ordered them…
Every bettor in the United States after today’s Supreme Court ruling that opens up sports betting nationwide. (Source: Giphy.com) That whoop you heard this morning was celebrating sports fans all across American who like to drop a few (or more) bucks on their favorites sports match-ups. The possibility that they can do so closer to home now an option thanks to today’s (May 14, 2018) Supreme Court decision. Place your bets: The nation’s highest court ruled 7-2 that a federal law that has effectively limited sports betting to Nevada for more than a quarter century is unconstitutional. The case, brought by New Jersey and supported…
Shock jock Howard Stern's candid conversations with guests are one of his show's more popular features. Folks who talk to Stern, including the current Oval Office resident, willingly reveal TMI. One on-air exchange, however, resulted in inadvertent revelation of some of a Massachusetts woman's personal tax information and a subsequent lawsuit against Stern and Uncle Sam. As I noted back in May 2015, she was discussing her overdue tax bill with an Internal Revenue Service agent who had, on another line, called into Stern's satellite radio show. When Stern went live with the tax collector's on-hold call, the IRS agent's…
Internet shopping is now the preferred purchasing method for millions. Just ask Toys R Us, which has blamed its decision to shutter its operations largely on losses to remote sellers. But the taxation of products bought online is still a mish-mash of state laws. That could change in a few months depending on what the Supreme Court of the United States (SCOTUS) decides in a high-profile remote sales tax case. The oral arguments in the case, South Dakota vs. Wayfair, are set for April 17, which just happens to be this year's federal tax return filing deadline. SCOTUS' decision is…
Rovio Entertainment, creators of Angry Birds, and the National Football League have teamed up to create a Super Bowl themed video game. But unlike the bird above, the Philadelphia Eagles are far from angry today after winning the NFL championship last night in Super Bowl LII. It was not a super Sunday for either the New England Patriots or Nevada's casinos. When all the numbers are tallied, it looks like the Silver State's sports books might lose only their third Super Bowl in 28 years thanks to the Philadelphia Eagles' 41-33 upset of the New England Patriots in Super Bowl…
Tom Brady and his New England Patriots teammates look to win back-to-back Super Bowls on Sunday, Feb. 4. (Screen shot from NFL Super Bowl LII preview video) We're two days away from Super Bowl LII. That means it's time for my annual post on how gambling winnings are taxable income. Here goes. The American Gaming Association (AGA) estimates Americans will wager approximately $4.76 billion on Sunday's National Football League championship game. More than $4.6 billion of that, what the AGA calls "a staggering 97 percent of total wagers" on the game between the New England Patriots and Philadelphia Eagles, will…
U.S. Supreme Court photo by Phil Roeder via Flickr CC Much tax attention has been focused on the new tax law that now limits the federal deduction filers can claim for the state taxes they pay. But another impending state tax decision could affect even more taxpayers across the country. The Supreme Court of the U.S. (SCOTUS) will decide this summer whether more of us will be paying state sales taxes on our online purchases. That's already a price that folks in the 45 states and Washington, D.C. pay when they buy products from internet retail giant Amazon. If the…
A collection of Enigma machines and paraphernalia on display at the U.S. National Cryptologic Museum. New York tax officials seized and sold one Enigma owned by "Pharma Bro" Martin Shkreli to cover his unpaid state taxes. (Photographs courtesy Robert Malmgren via en:User:Matt Crypto/Wikipedia) It's no mystery why folks intentionally skirt tax laws. They don't want to pay. New York, however, has managed to get back some of the taxes that officials say former hedge fund manager Martin Shkreli failed to pay the Empire State. New York state tax officials seized a rare Nazi Enigma encryption machine and three historical documents from…
We've only got five days left in 2017 and just three business days. That means that if you're making any tax moves, you'd best get on the stick! You also need to look at how your 2017 year-end tax actions might be affected by the new tax laws that take effect on Jan. 1, 2018. I've been writing about the latest tax changes for months now. You could find those stories by simply looking at the ol' blog's archives and checking out all the posts tagged as "tax reform" (even though this latest bill is really more tax cuts than…
Time's person of the year for 2017 is a lot of people. The magazine selected all the women and men who who publicly spoke about being victims of sexual harassment and abuse as a way to stop it and help others who have been victims, known on social media as the #MeToo movement. Ironically, today's announcement of Time's 90th most notable person (called Man or Woman of the year until 1999) was overshadowed by the continuing sexual harassment controversy in the political world. Sitting and wannabe Senator troubles: Roy Moore, who is seeking Attorney General Jeff Session's former Senate seat in…
Pong via Giphy Who knew 45 years ago today when Atari released Pong that the two-dimensional video version of table tennis would herald in a fascination and fixation with video games? Who also knew that those games would become a major battle front in the taxing of digital entertainment? We've come a long way, baby, to borrow a phrase from Pong's era. Old and new gaming options: Since Pong's Nov. 29, 1972, debut and consumer acceptance that made it the first commercially successful video game, the world has become populated with video game addicts of all ages. The variety of video games,…
Fifteen Chicago-area men have had their names, and legal records, cleared. If they eventually get monetary restitution for the time they spent in jail for crimes they didn't commit, they also could get some tax relief. (Click CNN screenshot for full story.) "I'm innocent!" That post-conviction proclamation by many now behind bars is greeted by the strict law-and-order crowd with cynical eye-rolling. But in the case of at least 15 Chicago-area men, protestations that they didn't commit the crimes for which they did the time were true. And if these fully, officially, legally not guilty men ever receive compensation for…
After four and a half years, the Internal Revenue Service Tea Party targeting scandal has been resolved. On Thursday, Oct. 26, the Justice Department announced that it has entered into proposed settlements with the two major challenges by conservative groups against the IRS. Substantial payments to plaintiffs: While the Justice Department did not discuss deal specifics, the Wall Street Journal reported that the payouts to plaintiffs in the Linchpins of Liberty and Norcal Tea Party Patriots cases could be between $1 million and $10 million. The conservative groups who joined the lawsuits had alleged in 2013 that their applications for 501(c)(4) tax-exempt…
There could be some consistency in how states collect sales tax on consumers' online purchases if the Supreme Court agrees to hear a South Dakota case. Many states are ignoring the sales tax law of the land, decided in 1992 by the U.S. Supreme Court's ruling in Quill v. North Dakota. Soon another Dakota high court case, this one from South Dakota, could change the state sales tax collection law for remote sellers. On Sept. 14, the Mount Rushmore State's quest to collect sales tax from online et al retailers was rejected by that state's highest court. That's just what…
UPDATE: On Oct. 2, 2017, South Dakota made it official when Attorney General Marty Jackley filed a petition for certiorari, asking the United States Supreme Court to review the South Dakota Supreme Court decision in State of South Dakota v. Wayfair, Overstock and Newegg. South Dakota wants the nation's highest court to overrule current physical-presence requirement that prevents it (and other states) from requiring out-of-state retailers to remit taxes for sales made within state borders. Online is the preferred purchasing method for millions. That's why states are looking at law changes, and court rulings, that let them get their sales…
Some type of marijuana use is legal in more than half of the United States. State and local coffers get associated pot taxes, but that could stop if the feds start cracking down on what is still an illegal drug in Uncle Sam's eyes. (Photo courtesy GreenerCulture.com) U.S. Attorney General (for now) Jeff Sessions apparently really wants federal law enforcement to once again target marijuana. But a return to a tougher prosecution by Uncle Sam could produce some serious push-back from states where pot is legal if they show tax revenue results like Colorado. Since Colorado became the first the…
Honestly, rich people. You can afford to hire good tax advisers and accountants. Why don't you?!? That's the question I ask every time another celebrity gets in trouble with the Internal Revenue Service. Last week it was boxer Floyd Mayweather Jr. Now the latest wealthy person who just can't get a grip on taxes is hip-hop icon DMX. Although rapper DMX seemed pretty composed after his court appearance last week on tax evasion charges, I suspect at some point this was his reaction to the federal charges. The 46-year-old rapper, whose legal name is Earl Simmons, is accused of 14 tax fraud and evasion charges. Federal prosecutors contend that from 2002 through 2005, Simmons cheated Uncle…
UPDATE, Sept. 18: The House of Representatives continues to make progress in efforts to end civil asset forfeitures. On Sept. 12, the chamber passed via voice vote an amendment to an appropriations bill that would bar bonuses for a section of Department of Justice (DOJ) employees until they rule on 255 civil cases referred to them by the Internal Revenue Service. This follows the Sept. 5 House passage, also by voice vote, of H.R. 1843, the Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools, or RESPECT, Act. The legislation, discussed below, would impose new restrictions…
This post was updated Tuesday, July 25, 2017. Paid tax return preparers must sign their clients' 1040 forms and include their IRS-issued professional ID number. The IRS lost a court case to charge a fee for the identifiers, known as PTINs, but is seeking a stay of that order pending possible appeal of the case. If you're a tax preparer who's hoping to get back fee you paid for your IRS-issued special identification number, you could be waiting a bit longer. The Internal Revenue Service on July 24 formally asked the U.S. District Court for the District of Columbia to…
Undefeated boxing champ Floyd Mayweather Jr. is trying to avoid a knockout from the Internal Revenue Service. Mayweather still owes the federal tax collector a reported $22.s million for his 2015 taxes. That year, Mayweather reportedly earned as much as $230 million for besting Manny Pacquiao in the heavily promoted Fight of the Century. Floyd Mayweather's official weigh-in before his 2015 fight with Manny Pacquiao in Las Vegas. Money earned on that match is at the center of an unpaid tax bill battle Mayweather's waging with the IRS. (Photo courtesy Pixabay via Wikimedia Commons) Rich, but tax cash poor: Mayweather is…
The cost of college continues to simmer as an educational policy and legal issue, particularly when it comes to student loans. Democratic attorneys general from 18 states and the District of Columbia on July 6 filed a lawsuit against Education Secretary Betsy DeVos and her department to stop her from changing rules that erased the federal student loan debt of those who were cheated by colleges that acted fraudulently. Consumer groups also have joined the litigation list. The Obama Administration finalized the so-called borrower defense rules last October. They were scheduled to take effect on July 1. DeVos, however, froze…
One of Wimbledon’s famed grass courts, which are the focus of the tennis — and betting — worlds as tournament matches started July 3. (Photo by Nic Gould via Flickr) Wimbledon, one of the crown jewels of professional tennis, begins today. You know what that means. Bookies across the United Kingdom are taking bets. Yes, sports betting is legal in Great Britain. It’s also legal in much of Europe. In England, it’s no problem to find the latest Wimbledon betting odds, along with tips on which players to stake your discretionary cash. Big global bucks: Sports betting across the pond…
After a brief hiatus, the Internal Revenue Service has reinstated its online tool where professional tax preparers can obtain the official identification numbers required to file returns. On June 1, the United States District Court for the District of Columbia issued a mixed ruling in a class action lawsuit against the IRS, Adam Steele, et al. v. United States of America (Case No. 1:14-cv-01523-RCL). The federal judges said that while ruled that while the IRS has the authority to require tax pros to get Preparer Tax Identification Numbers, or PTINs, the tax agency cannot charge for the ID numbers. The next…
Many professional tax preparers say that giving the Internal Revenue Service added regulatory ability over their jobs isn't warranted. The tax agency and Trump Administration disagree. (Photo by Sebastiaan ter Burg via Flickr CC) The Trump Administration has continued the current trend of cutting the Internal Revenue Service's annual operating funds, but a provision in the new White House's fiscal year 2018 budget also could solve a new IRS problem. On June 1, the Internal Revenue Service got the bad news from the United States District Court for the District of Columbia that the tax agency can't collect fees from…
Another online Internal Revenue Service tool has been taken offline, but this time it's not security related. Instead, the IRS has shut down the online method by which tax professionals can apply for a Preparer Tax Identification Number, or PTIN, in the wake of a court ruling against the federal tax agency. When you hire a tax pro to help you file your annual return, that paid preparer has to include his or her PTIN on your 1040. But a recent court ruling says the IRS no longer can charge preparers for this special identifying number. Since the fall of…
Judge Neil Gorsuch, nominated by Donald J. Trump to fill the U.S. Supreme Court vacancy created by the unexpected death last year of Justice Antonin Scalia, was sworn in April 10, 2017, becoming the 113th person to serve on the nation's highest court. Image courtesy White House Facebook video Gorsuch's wife, Marie Louise Gorsuch, held the family bible as Justice Anthony Kennedy administered the oath of office to his former law clerk during a White House Rose Garden ceremony with the president watching. The 49-year-old Gorsuch no doubt will have a say on many tax matters during his lifetime tenure…
When Amazon starts collecting sales tax from internet buyers in Hawaii, Idaho, Maine and New Mexico on April 1, it will mean the online retailer will be a tax collector for all 45 states and the District of Columbia that have the levies. No, it’s not a bad April Fools’ joke targeting online shoppers. On this April 1, Amazon really will start collecting state sales taxes nationwide. The Seattle-based internet retailer already was adding the tax line to invoices in most of the 45 states and District of Columbia that have sales (or similar) taxes. Now, final deals have been…
A Pennsylvania man said he didn't file 10 years' worth of federal tax returns because the forms required use of a Social Security number, which he considered analogous to the Biblical "mark of the beast." James Kerr Schlosser's 666 tax protest, however, didn't convince the Internal Revenue Service or the legal system. The 59-year-old Bird-in-Hand, Pennsylvania, resident was convicted on March 7 of failing to report $2.3 million he earned as a medical equipment salesman. Foreign accounts, coins used in scheme: To evade the tax due on the millions, federal court papers show that Schlosser used foreign business trusts and…
Sure, you're happy to tell your friends about the online bargains you get, but not so much your state's tax officials. That essentially will happen in Colorado this summer. But it won't be shoppers revealing their internet purchases. It will be the companies that sold them the stuff. Colorado online shoppers oppose the state's new sales tax reporting law because it violates their privacy. And oh yeah, now they'll have to pay more tax. The online purchase info is part of a creative way Colorado lawmakers devised to try to collect the almost $173 million in tax revenue they say…
Although separation of church and state is a key constitutional tenet in the operation of the United States government, God regularly plays an unofficial role at tax filing time. There are those folks who take his name in vain as they struggle with a particularly complex part of the tax code. Guilty! Then there are those folks who seek his divine guidance in figuring out their annual tax liability. Or, once they've done that, pray for a miracle to pay what they owe. Guilty again! But religion shouldn't have any part in defending criminal tax evasion. That's not just my…
Neil Gorsuch, a federal appellate judge on the United States Court of Appeals for the 10th Circuit, has been selected by President Donald Trump to fill the U.S. Supreme Court vacancy left last year by the death of Antonin Scalia. President Donald Trump explains why he chose Neil Gorsuch, at right with his wife Marie Louise, to server on the U.S. Supreme Court. Gorsuch, 49, an Ivy Leaguer from Colorado, has a conservative judicial track record. He also formerly clerked for two Supreme Court justices, Byron White and Anthony Kennedy. If Gorsuch is confirmed, which is expected given that the…
Donald J. Trump prefers to fight things out in court. Over the years as a businessman, the president-elect has filed and been named as a defendant in thousands of lawsuits. Even as he prepares to be sworn in on Jan. 20 as the United States' 45th president, he will facing, as of today, more than 70 lawsuits filed against him. Click certificate image for video report on settlement via KABC-TV Los Angeles. But he's no longer worrying about Trump University allegations. Friday, Nov. 18, afternoon, Trump and his attorneys agreed to pay $25 million to settle three lawsuits that claimed…
For the last five years, I've been regularly grocery shopping with my mother. She's a retiree on a fixed income, so much of our time is spent examining shelf prices, determining which size offers the best per-unit value and debating whether it's worth a few more pennies to get something she knows she likes or save cents by buying a cheaper, but untried store brand. Source: TastefullyOffensive.com from YouTube Now I guess we need to start double checking the register receipts to make sure our savings aren't negated by improper tax charges. That's what some Garden State shoppers say they found…
Ezekiel Elliott's visit to a Seattle marijuana retailer was the big weed news this week, and yes, pot has received lots of headlines lately (more on this a little later). Apparently amazed visitors to the cannabis display at the Oregon State Fair in Salem, the first time pot plants have been open for public viewing at any U.S. state fair. This is just one piece of pot news so far this month. Click image to view the AP video via USA Today. I admit that as a Dallas Cowboys fan, I spent an inordinate amount of time following the first-round draft pick's…
A married couple who helped the federal government collect more than $74 million from a tax criminal finally got their financial reward last week. U.S. Tax Court building in downtown Washington, D.C. On Aug. 3, after fighting for the whistleblowing payment for four years, the anonymous tax tattletales, referred to as Petitioner 21276-13W and Petitioner 21277-13W in court documents, were awarded $17,791,607. The U.S. Tax Court ruled the husband and wife deserved the nearly $17.8 million whistleblower award, which is this week's By the Numbers figure, despite the federal government's argument that the claim was outside the scope of the tax whistleblower reward…
Sports fans tend to be, well, fanatic. To many, it's what a player does during the game, not his or her off-field antics that matter. Moment of the Champions League final with FC Barcelona's Leo Messi, left, going against Patrice Evra of Juventus at Olympiastadion in Berlin on June 6, 2015. (Photo by Biser Todorov via Wikimedia Commons) That kind of no-questions-asked support was what the Barcelona football — or soccer, as most Americans call the sport — team was counting on in the wake of its star player's tax evasion conviction. Public outreach, tax backlash: Last week after Lionel Messi…
The Founding Fathers are getting renewed attention, thanks in large part to the award-winning smash Broadway hit musical "Hamilton." And while George Washington, Thomas Jefferson and the titular Alexander Hamilton, who became the new country's first Treasury Secretary, deserve much credit for our independence, on this Fourth of July also save some praise for James Otis, Jr. Quotable colonial attorney: Otis, pictured above, was a lawyer in colonial Massachusetts who contested the law and power of the British by arguing that Writs of Assistance, what we now call search warrants, were a form of tyranny. He represented 53 Boston merchants in…
UPDATE, May 28, 2018: With the enactment of the Tax Cuts and Jobs Act of 2017, the tax deduction for moving expenses has been dramatically limited. Now relocation costs are limited to military personnel who are on active duty and who move pursuant to a military order related to a permanent change of station. Civilians now get no tax break for their moving expenses, even when work-related. Work-related moving expenses are tax deductible. You don't even have to itemize. The claim is made as one of the adjustments to income, generally referred to as an above-the-line deduction, right on the…
Go big or go home. That's a common mantra down here in Texas. A variation applied this week in a federal bankruptcy courtroom in Big D. The judge there ruled that a former Lone Star billionaire's big attempt to shelter money offshore means he owes the Internal Revenue Service a big bill. Sam Wyly, a once legendary Dallas businessman, philanthropist and one of the wealthiest men in the country (shown at right on the October 2015 cover of D CEO magazine), was found on May 10 to have defrauded the IRS by shuffling assets among a network of offshore trusts to evade…
The 2016 presidential campaign has been an unusual one in many ways. The so-called political establishment has been under fire on both the Democratic and Republican sides. Usually reliable pollsters and pundits have seen their projections upended by a new type of electorate. And social media has become a major player in the race for the White House. But one thing hasn't changed. The presumptive GOP nominee is as reluctant in 2016 to release his federal tax returns as was the 2012 candidate. This year, it's Donald J. Trump who says he won't release his tax returns until the Internal…
A little more than a month ago, inquiring tax eyes were focused on Panama. Specifically, folks were curious about a law firm in that Central American nation that allegedly helps the wealthy stash cash in global accounts that are out of reach of their nations' tax collectors. ICIJ has produced a video, The Panama Papers: Victims of Offshore, that shows what the organization says are the unseen victims behind the email chains, invoices and documents that make up the Panama Papers and the shadowy offshore industry. A couple of U.S. states, Nevada and Wyoming, were named as international tax haven locales in the around…
Tom Brady could be sitting out the start of the 2016 National Football League season. Tom Brady taking the field in Denver Colorado, on Dec. 18, 2011, as the Patriots and Broncos were about to play. Photo by Jeffrey Beall (Own work, CC BY-SA 3.0) via Wikimedia Commons. If the star quarterback does miss the first four games of the 2015 NFL season in connection with Deflategate, he won't be alone in paying the price. Tax collectors in Arizona and Massachusetts also will be out some money. Commissioner vindicated: This morning, the U.S. Court of Appeals for the Second Circuit issued a 2-1…
There are many nicknames for marijuana. Weed. Pot. Mary Jane. Cash cow. OK, that last one isn't an official moniker for pot. But it is how many state legislators see the mood altering herb. And it could be a reason why 4/20 could one day be celebrated nationwide. Photo by GoToVan via Flickr CC Pot's tax payoff: Nearly $700 million of medical and recreational marijuana was sold in Colorado, one of the first states to legalize recreational use of pot, in 2014. Data through last November shows that the 2015 numbers have already passed the 2014 mark, with nearly $895 million in…
A group of South Florida rappers allegedly created a music label as a front for a massive tax refund fraud ring. Click image to watch the MoneyKing_GroundUP111 video on YouTube. Maybe the erstwhile rappers should change their musical moniker to Doin' Time since six of them were sentenced to jail last week in connection with the tax fraud scheme. Harlan Decoste of Miramar, Florida, who went by the alias Money King, created the label, according to the federal charges filed against him and his confederates back in August 2015 in the Southern District of Florida. Decoste received the longest prison term of…
Diane L. Kroupa was appointed as judge to the U.S. Tax Court in June 2013. Her term was supposed to have run for 15 years, but in June 2014 she retired early. This week Kroupa, 60, was indicted on two counts each of tax evasion, filing false returns and obstruction of an IRS audit. Her husband, Robert E. Fackler, 62, also was indicted on the same six tax-related charges. The couple is accused of understating their income by approximately $1 million on tax filings for the 2004 through 2010 tax years. Much of that too-low amount was arrived at by allegedly claiming…
Donald Trump has turned to taxes to divert attention from his restrictive, then recanted, comments on women's reproductive rights. Donald and Melania Trump in pre-presidential campaign days, heading into an Oscar de la Renta fashion show in New York City in September 2006. (Photo by Boss Tweed via Flickr) I hate to help him out, but taxes. Trump's campaign website has posted a letter from a couple of his attorneys addressing the audit of his federal tax returns. Unfortunately for the tax curious, the letter doesn't shed any light on what's in recent Trump tax returns. Instead, Sheri Dillon and…
If you work in the world's oldest profession, finances can be problematic. First, your job is illegal, so you don't want to do anything to draw unwanted attention to your line of work. Neither do your clients. So escorts, prostitutes and other types of sex workers tend to operate on a cash basis. That, however, raises the question of what to do with all those loose dollars. Even with today's minuscule interest rates, you don't want to keep cash under a mattress. Tracing cash transactions: Banks, despite all their problems, are generally safer than having a lot of dollars stashed…
There are very few times when folks are on the Internal Revenue Service's side, but this might just be one of them. The IRS has slapped pharmaceutical bad boy Martin Shkreli with a tax lien totaling more than $4.6 million. Former pharmaceutical executive Martin Shkreli in happier times. UPDATE, Aug. 4, 2017: In addition to Uncle Sam, New York State also wants tax money from Shkreli. The Empire State's list of its 250 top tax delinquents has the financier at number 14, with a combined 2016-17 tax debt of $3.97 million. Shkreli's attorney, however, told the New York Post's Page Six gossip column…
North Pole officials have decided to tax pot. No, not that North Pole, although that would explain why Santa eats so many cookies in a single night. Santa Claus House in North Pole, Alaska. (Photo by Nicole Bizinski/Santa Claus House) We're talking North Pole, Alaska, a community of around 2,200 just southeast of Fairbanks. The treasury of the town with the official motto "where the spirit of Christmas lives year 'round" got an early gift on Feb. 1 when city council members decided to tax both wholesale and retail marijuana transactions. The 6 percent sales tax will apply to pot just as…
I live in gun-crazy Texas. Some folks would say the word "gun" is unnecessary. I'm Lone Star State born and bred, but many days I agree with that disparaging assessment, more so now that we have full open carry of weapons. But for every Wild West wannabe piece of legislation, there are acts to try to counter gun violence across the country. At the national level, President Barack Obama just announced executive office steps he plans to take to tighten the nation’s gun laws. Locally, states and cities have taken tougher gun stands with a modicum of success. Last December,…
The big question when it comes to fantasy sports is are the popular online operations games of skill or gambling? The answer according to New York's top lawyer is gambling. New York Attorney General Eric Schneiderman (right) on Tuesday, Nov. 10, sent cease and desist notices to DraftKings and FanDuel. "Our review concludes that [the company's] operations constitute illegal gambling under New York law," Schneiderman wrote in the letter sent to the two fantasy sports sites. "Our investigation has found that, unlike traditional fantasy sports, daily fantasy sports companies are engaged in illegal gambling under New York law, causing the same kinds of…
Marriage means doing things together, even things you hate, like visiting the in-laws, cleaning out the garage and filing taxes. You might be able to let those first two slide, but when it comes to taxes, no such luck. Most couples file a joint tax return. That single Form 1040 is a legal document and if you ignore filing it or mess it up, you'll face consequences worse than your spouse's wrath. Her forced smile makes me think she's not buying what he's saying as they work together on their joint tax return. The Internal Revenue Service considers both spouses…
Irwin Schiff, the man who mainstreamed the tax protester movement, has died. His family said he passed away on Oct. 16 at a Fort Worth, Texas, hospital affiliated with the federal prison where he was serving, yet again, time for tax evasion. The cause was lung cancer. He was 87. The latest prison sentence was Schiff's third, all of them connected with his claim that income taxes are unconstitutional. Schiff made his anti-tax case in his books, including Federal Mafia: How It Illegally Imposes and Unlawfully Collects Income Taxes (1992); The Great Income Tax Hoax: Why You Can Immediately Stop…
Attention Maryland residents. If you paid taxes to another state between 2011 and 2014 and were denied a tax credit for your county piggyback taxes against the out-of-state payments, the Old Line State is now handing back the money you're due. Maryland Comptroller Peter Franchot, behind podium, and Gov. Larry Hogan held a press conference Sept. 28 to announce creation of a special online site to help taxpayers get the county tax credits ordered earlier this year by the U.S. Supreme Court. Photo by Joe Andrucyk via Maryland Governor's Office Photo Gallery. In May, the U.S. Supreme Court ruled that Maryland…
Somebody is $11.6 million richer and somebody else (or some company) is in big trouble with the Internal Revenue Service. Sorry for the vagueness, but that's basically how things work when you rat out tax cheats. The feds are eager to get the scoop on whoever is not paying up, but the whistleblowers often don't want the world to know who they are. As for the identity of the alleged tax evaders, we're at the mercy of Uncle Sam's willingness to announce his whistleblower-assisted collection success. What we do know about this latest case comes from attorneys Stephen Kohn and…
What is it with government employees and emails? Hillary Clinton's use of a personal email account to send some State Department messages has gotten a lot of attention and criticism. But the 2016 Democratic presidential candidate is not the only one. The commingling of business and personal email apparently is a common practice among those working for Uncle Sam. U.S. Ambassador to Japan Caroline Kennedy and other senior American diplomats there have used personal email accounts to conduct State Department business, according to a just-released inspector general report. And back in 2007, the George W. Bush White House revealed that as many as…
Seattle's new tax on guns and ammunition had one unchallenged weekend. The law establishes a tax of $25 for every firearm sold, as well as a tax of 2 cents for every ammunition round of .22 caliber or less and 5 cents for every other round of ammunition. In addition to the new gun taxes, the city also approved mandatory reporting of lost or stolen firearms to the Seattle Police Department. Seattle Mayor Ed Murray, flanked by supporters, signs two pieces of gun safety legislation into law on Aug. 21. (Photo courtesy Seattle City Council) Seattle Mayor Ed Murray signed…
Could the U.S. Supreme Court hear yet another Affordable Care Act, or ACA, case? If opponents of Obamacare, as the law is popularly known, have their way, yes. Last Friday, Aug. 7, the judges on the District of Columbia Circuit Court of Appeals declined to hear a suit challenging the legislative process by which the ACA became law. Sissel v. U.S. Department of Health and Human Services, filed by Pacific Legal Foundation on behalf of Iowa artist Matt Sissel, argued that because the ACA is expected to generate $473 billion in its first 10 years as law, it is a…
If you thought the legal wrangling surrounding Obamacare was fun, hang on. The U.S. Supreme Court soon could consider another tax case, this time involving the most popular sport in the United States. Cleveland plans to ask the country's highest court to decide whether it can continue to assess its current jock tax, the money it collects from visiting professional athletes. NFL players who come to Cleveland for games face not only a jock tax, which is under legal challenge, but also the Browns' Dawg Pound fans like this guy. In April, the Ohio Supreme Court ruled that Cleveland's games-played…
A tax battle between the nation's capital and seven online travel companies has ended with the websites being ordered to pay almost $61 million in sales taxes. The taxes, which apply to Washington, D.C., hotel rooms booked from 1998 to 2010, could be the largest tax settlement ever paid to the District of Columbia government. It also ends a tax fight between the national capital's tax collector and the online room reservation agents at Expedia, Hotels.com, Hotwire, Orbitz, Priceline, Travelocity and Travelscape that began in 2011. Retail taxes due: At issue was the tax difference between applying Washington's 14.5 percent hotel…
President Barack Obama made history last week when he became the first sitting commander in chief to a federal prison. But he wasn't the only public official looking to change some federal rules that relate to incarceration. President Barack Obama visited the El Reno Federal Correctional Institution outside of Oklahoma City on July 16. It was the first visit by a sitting U.S. President to a federal prison. Click image to view the White House's YouTube report on the visit. Taxes on court awards: Rep. Sam Johnson, a Republican who represents Texas' third congressional district covering the suburbs north and…
June 26 could be the day that marriage equality officially arrives in the United States. The U.S. Supreme Court is expected to hand down its ruling in Obergefell v. Hodges either today or Monday, June 29. Supporters of same-sex marriage rallied outside the Supreme Court in April when oral arguments were presented. Photo courtesy Human Rights Campaign video via YouTube. The case actually is a consolidation of four same-sex marriage federal lawsuits, one each from Ohio, Kentucky, Tennessee and Michigan. But the ramifications of the high court's ruling ultimately will affect all 50 states. The imminent decision is the culmination…
It's official. The Supreme Court of the United States loves Obamacare. OK. So maybe the justices, or at least a majority of them, don't love the Affordable Care Act, as the controversial health care act is officially known. But they couldn't find a legal reason to kill it. Again. Tax geeks probably recall, about this time back in 2012, that it was the tax component that led the court then, by a 5-4 decision, to let the ACA stand. This time, Justice Anthony Kennedy joined his colleagues Ruth Bader Ginsburg, Stephen G. Breyer, Sonia Sotomayor, Elena Kagan, as well as…
The wheels of tax justice continue to grind along, with federal law enforcement officials celebrating what is believed to be the stiffest jail term ever handed out in connection with tax fraud. James Lee Cobb, III (at left), a 37-year-old Tampa, Florida, resident was, sentenced last week to 27 years in federal prison for his role in a scam to claim more than $1.8 million in tax refunds that were filed for by using stolen identities. He pleaded guilty to the charges last December. Stiffest tax fraud sentence ever: That sentence tops the 21 years self-proclaimed tax fraud queen Rashia Wilson…
My fellow Texan Kinky Friedman, as well-known for his often outrageous comments and political dalliances as for his writings and music, declared his support for marriage equality because same-sex couples "have a right to be as miserable as the rest of us." However, unhappily married gay and lesbian couples don't have the right in the Lone Star State to get a divorce. Or do they? Texas, like 13 other states, does not sanction same-sex marriages. Neither does it recognize such marriages that were legally performed in other states. So, argue some Texas officials, the state cannot grant a same-sex couple…
Taxpayers usually file amended returns to correct mistakes they made on their original tax paperwork. A New York City product liability attorney, however, sent the Empire State tax department fraudulent amended tax returns and now is looking at prison time. Jeff Galloway, formerly a partner at Hughes Hubbard & Reed, partner pleaded guilty on June 4 to one felony count of criminal tax fraud. No returns, followed by false amended forms: The New York County District Attorney's office says that between 2005 and 2010, Galloway failed to file state personal income tax returns and pay taxes owed on around $1 million. New York…
Maryland's county piggyback tax system essentially double taxes Old Line State residents who earn money in other jurisdictions. That's the ruling handed down today by the U.S. Supreme Court in Maryland's fight with Bryan and Karen Wynne. State vs. county tax credits: The Wynnes earned income passed through to them from their ownership stake in Maxim Healthcare Services, Inc. The couple then claimed an income tax credit on their 2006 Maryland tax return for income taxes paid to other states where Maxim operates. The Maryland Comptroller allowed the Wynnes a credit against their Maryland state income tax, but not against the Howard County…
Allgreens, a medical marijuana dispensary in Denver, has won its cash payment battle with the Internal Revenue Service. The IRS demands electronic payroll tax deposits. Allgreens, however, began making its federal employee withholding tax payments in cash after its bank, leery of working with a business that Uncle Sam deems illegal, closed the dispensary's account. So although Allgreens was meeting its federal tax obligations in full and on time, it also was racking up penalty charges for not making them in the form the IRS wants. Allgreens headed to U.S. Tax Court. Now, however, the case is moot. The IRS and Allgreens have…
The official name of the politically volatile health care reform law is the Patient Protection and Affordable Care Act. That’s usually shortened to the Affordable Care Act, or ACA. And it’s popularly known as Obamacare. That nickname came from opponents of the president’s first-term legislative landmark. Later, however, ACA advocates, including the commander in chief himself, embraced the moniker. Bothered by Bush tax cuts name: Obama’s predecessor, George W. Bush, found his name appended to the tax laws he ushered through in his first term, the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and Jobs and Growth…
Attention Illinois online shoppers. You only have a few days left before Amazon starts tacking your state's 6.25 percent sales tax onto your purchases. This coming Sunday, Feb. 1, Illinois will become the 24th state in which the giant online retailer will collect sales tax. Photo by MikeBlogs via Flickr Creative Commons The Seattle-based company already is adding sales tax amounts to invoices for products sent to customers in Arizona, California, Connecticut, Florida, Georgia, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, North Carolina, North Dakota, Pennsylvania, Tennessee, Texas, Virginia, Washington, West Virginia and Wisconsin. On Jan.…
The New York City police restraint that led to the death of Eric Garner got the tax world's attention immediately after the tragedy. Officers confronted Garner because he was selling loose, untaxed cigarettes. Now a potential 2016 presidential candidate is citing the tax connection. Sen. Rand Paul (R-Ky.) says Garner's death is symbolic of the larger problem of politicians levying taxes on things like cigarettes. Paul, who's reportedly eyeing a run for the White House in two years, spoke about the incident Wednesday night on MSNBC's Hardball program. Earlier in the day, a grand jury declined to indict any…
Looking for a hint as to how the new Republican controlled Congress will work with the Democratic president for the next two years? We got an answer to today: Not very well. Republican House leaders finally filed the long-threatened lawsuit against the Obama Administration. The Senate is not involved in the action. In recent months, two law firms withdrew from the case, many suspect because of potential political repercussions. House Speaker John Boehner (R-Ohio) on Nov. 18 hired Jonathan Turley, a George Washington University professor who is an expert on constitutional law, to handle the suit. The challenge, which focuses on…
Oregon voters on Nov. 4 approved use of small amounts of recreational marijuana in their state. The fight over taxing weed, however, continues. The ballot initiative that passed by a 56-to-44-percent margin specifically gave the state the exclusive right to tax marijuana. City officials are fighting that provision. State vs. local taxation: Under Measure 91, which takes effect July 1, 2015, producers will be taxed $35 an ounce for the most potent parts of a marijuana plant. Marijuana leaves will face a $10 per ounce tax, while there will be a $5 levy for plant starts sold to home growers.…
So you thought it you'd get at least a brief breather from contentious political topics after this week's election. Sorry. The Affordable Care Act, known on the Republican campaign trail as Obamacare, is back in the news big time. The Supreme Court today agreed to hear a case that challenges how the tax subsidies for enrollees in the medical insurance program are awarded. Just as a tax argument led the High Court to uphold the healthcare law in 2012, a tax component now could cause major problems for it. Wins for opposing sides: This latest legal challenge to the United…
By now, most Americans have wrapped up their annual tax-filing duties. And it's probably safe to say that a lot of folks are feeling a lot poorer after fulfilling their tax responsibilities. Some individuals, however, have tried to use a religious vow of poverty to avoid taxes altogether. In these egregious tax evasion cases, they haven't been successful. Poverty vow was a poor tax argument: Take the case of Timothy Dale Jackson. The 50-year-old orthopedic surgeon from Pass Christian, Mississippi, claimed to have taken a vow of poverty with a Utah-based church. Jackson said that his monetary sacrifice exempted him from…
Airbnb is wildly popular with almost everyone. Among the few detractors are some neighbors of the short-term rental properties and the Empire State's top lawyer. Eric T. Schneiderman, Attorney General of New York, made his concerns known in a report, Airbnb in the City, released Thursday, Oct. 16. It details the AG's office investigation into Airbnb and similar web-based rental operators who, according to the report, "run large-scale enterprises in violation of fire safety, zoning, tax, and other applicable laws." Most of the data, and hence the report's name, came from four years of data Airbnb provided to the AG…
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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.)

