Good Guys Share $175 Million Refund

IRS Loses Lawsuit to the tune of $175 Million! April 15 hasn’t always been the national exercise in self-flagellation that it is today. Up until the 1940s, you could just waltz into your local IRS office and they would do your taxes for you. But those days have long since passed. You’re still welcome to do it yourself, if you need more stress in your life. But how will you know if you’re paying too much? Even software like TurboTax can’t guarantee you’ll get it right. If you don’t know how to use it, the program just helps you make
Read More

Ivy League Tax Problems

You Don’t Need An Ivy League Education to Save on Your Bill! They say that “what goes up must come down.” But that’s not true when it comes to college costs. U.S. News reports the average private college tuition stood at $16,233 back in 1997-98 — roughly $24,973 in 2017 dollars. But the same tuition today costs $41,727. And that’s before pricing in luxuries like, you know, meals, and a place to sleep. In-state college costs are rising even faster as legislatures cut budgets for higher education. That means colleges are increasingly turning to alternate funding sources, including their endowments.
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The Rock Star, The Nude Estates, and the Lithuanian Shopping Mall

Lead Singer Bono, May Have Avoided Paying Taxes We’ve all got an image in our minds of who uses “offshore tax havens” to host their business. Let’s say you’re a junior-varsity Russian oligarch. You’ve spent a lifetime looting your country’s resources like an all-you-can-steal buffet, and now it’s time to take some of your chipskis off the table. You buy a flat in London’s posh Mayfair, or maybe a condo overlooking New York’s Central Park. Then you stash the rest of your rubles in some sunny flyspeck of an island like Bermuda or the Caymans, where Putin’s goons can’t steal
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Stranger Taxes

The IRS tax code was quite different in the 1980’s versus today!  The streaming video service Netflix has earned a reputation for providing quality content like Narcos, Orange is the New Black, and The Queen. But Netflix has also upended how millions of people consume television. How have they done that? By dropping an entire season’s worth of a series all at once, letting you “Netflix and chill” with a single episode or binge for an entire weekend. (What kind of savage network would make viewers wait an entire week between episodes of their favorite show? HBO, that’s who.) Netflix’s
Read More

Talk About “Prime” Real Estate!

Cities Bidding to Win Top Spot for Amazon’s HQ2! Former President Jimmy Carter once called our tax code “a disgrace to the human race,” and there’s really not a lot to like about it. There’s at least some consolation, though, in the fact that we’re all stuck with the same maddening rules. If you and your spouse file jointly, and your ordinary taxable income is $100,000, you’ll pay the same amount as any other joint filers reporting the same $100,000 in ordinary taxable income. That’s not always the case with state and local taxes, though. If you’re big enough, and
Read More

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Good Guys Share $175 Million Refund

IRS Loses Lawsuit to the tune of $175 Million! April 15 hasn’t always been the national exercise in self-flagellation that it is today. Up until the 1940s, you could just waltz into your local IRS office and they would do your taxes for you. But those days have long since passed. You’re still welcome to do it yourself, if you need more stress in your life. But how will you know if you’re paying too much? Even software like TurboTax can’t guarantee you’ll get it right. If you don’t know how to use it, the program just helps you make
Read More

Ivy League Tax Problems

You Don’t Need An Ivy League Education to Save on Your Bill! They say that “what goes up must come down.” But that’s not true when it comes to college costs. U.S. News reports the average private college tuition stood at $16,233 back in 1997-98 — roughly $24,973 in 2017 dollars. But the same tuition today costs $41,727. And that’s before pricing in luxuries like, you know, meals, and a place to sleep. In-state college costs are rising even faster as legislatures cut budgets for higher education. That means colleges are increasingly turning to alternate funding sources, including their endowments.
Read More

The Rock Star, The Nude Estates, and the Lithuanian Shopping Mall

Lead Singer Bono, May Have Avoided Paying Taxes We’ve all got an image in our minds of who uses “offshore tax havens” to host their business. Let’s say you’re a junior-varsity Russian oligarch. You’ve spent a lifetime looting your country’s resources like an all-you-can-steal buffet, and now it’s time to take some of your chipskis off the table. You buy a flat in London’s posh Mayfair, or maybe a condo overlooking New York’s Central Park. Then you stash the rest of your rubles in some sunny flyspeck of an island like Bermuda or the Caymans, where Putin’s goons can’t steal
Read More

Stranger Taxes

The IRS tax code was quite different in the 1980’s versus today!  The streaming video service Netflix has earned a reputation for providing quality content like Narcos, Orange is the New Black, and The Queen. But Netflix has also upended how millions of people consume television. How have they done that? By dropping an entire season’s worth of a series all at once, letting you “Netflix and chill” with a single episode or binge for an entire weekend. (What kind of savage network would make viewers wait an entire week between episodes of their favorite show? HBO, that’s who.) Netflix’s
Read More

Talk About “Prime” Real Estate!

Cities Bidding to Win Top Spot for Amazon’s HQ2! Former President Jimmy Carter once called our tax code “a disgrace to the human race,” and there’s really not a lot to like about it. There’s at least some consolation, though, in the fact that we’re all stuck with the same maddening rules. If you and your spouse file jointly, and your ordinary taxable income is $100,000, you’ll pay the same amount as any other joint filers reporting the same $100,000 in ordinary taxable income. That’s not always the case with state and local taxes, though. If you’re big enough, and
Read More

Click to Get Your FREE Tool Audit

Archives