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All Posts Tagged Tag: ‘IRS’

Melissa Gilbert Owes IRS $360,000, Which She Blames On Career, Recession and Divorce

Melissa Gilbert is in trouble with the IRS. According to CBS News, the Internal Revenue Service says former Little House on the Prairie star Melissa Gilbert failed to pay more than $360,000 in federal income taxes from 2011-2013. The Detroit News reports the IRS filed a tax lien against the actress in February because of her failure to pay taxes. …

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Tax Advice: 5 Dirty Tax Scams to Watch Out for This Year

Some tax advice is not worth the hot air that pushes it out of a crooks mouth. The IRS has put together a list of a dozen tax season pitfalls that Americans need to be on the lookout for. Some items on the list are about things that tax filers should refrain from doing, such as falsifying documents or trying …

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Microsoft Sues IRS For Not Delivering On FOIA Request

Microsoft has sued the IRS in relation to a Freedom of Information Act request. The company wants information related to an IRS investigation into its tax records as it conducts an audit. The audit focuses on a fee charged between Microsoft’s subsidiaries, or transfer pricing, used between 2004 and 2009. Specifically, the company wants details on a contract and proposals …

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Toby Keith’s Bar Owes $250,000 In Back Taxes

The tax debt of Toby Keith’s I Love this Bar & Grill at Destiny USA has continued to grow, now totaling over $250,000. Earlier this month, New York filed a new tax warrant against the restaurant for $107,000, related to the 2013 fourth quarter taxes that the business owes. The new debt accompanies the previous debt from the 2013 second …

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ER Star Mekhi Phifer Files For Bankruptcy

Former ER star Mekhi Phifer is the latest celebrity to find themselves in a hole when it comes to their finances, TMZ reports. On April 22, 2014, Phifer reportedly filed for bankruptcy. He claims that he only has $67,701 in assets that includes a leather bed, a 12-year-old Segway (worth only $1,500), and a collection of firearms:1 shotgun and 2 …

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Gisele Audited by IRS After Listed as Forbes’ Highest-Paid Model

Brazilian supermodel, Gisele Bundchen, was recently reviewed by the IRS after making “The World’s Highest-Paid Models of 2013” list on Forbes. According to Forbes, the 33-year-old earned $42 million last year and “replaced Beyoncé as the face of H&M, reportedly beat out Rihanna for Chanel and took over David Yurman from Kate Moss.” This assessment obviously comes at a time when taxes …

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IRS Tax Filing Deadline Pain Lessened With Yummy Deals

April 15, also known as Tax Day, is upon us again. While some people like to file their taxes with the IRS early on–especially if they’re getting a refund–others wait until the last minute. Whether you were the early bird as far as tax filing goes or are one of the procrastinators waiting until the last minute to do your …

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IRS: Bitcoins Are Property And Absolutely Taxable

Good news and bad news has just come down the pipe courtesy of the IRS. The good news? Bitcoins have received a huge boost in terms of U.S. government recognition. The bad news? If you were hoping to invest in Bitcoins for the purpose of evading taxation…it’s a no-go. The IRS announced on Tuesday that they will treat the virtual …

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IRS: Bitcoin is Property, Not Legal Tender

Despite the wild swings in the virtual currency markets and the recent scandal involving the Mt. Gox exchange’s loss of $400M, Bitcoin continues to hold some value online. As the most popular virtual currency, Bitcoin is becoming increasingly popular with investors looking for risky, (though potentially lucrative) investments and tech aficionados who want to be in on the ground floor …

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IRS Selfies on Instagram Help Man Avoid Audit

Time Magazine reports that a Pennsylvania architect is using social media tech to stay a step ahead of the tax man. Andrew Jarvis probably never thought that his Instagram selfies would land him in the news, but his idea was a brilliant one, and we hope he gets plenty of recognition for his business as a result. You see, Jarvis …

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Online Tax Filing: Send It Straight To The IRS Free

You might have noticed the many e-file websites that offer “free” tax-filing options, but somehow seem to add fees or consistently try to trick you into clicking the upgrade button while you plow through your taxes. IRS takes matters into their own hands with its Free File program that provides free federal tax preparation and e-file through brand-name software or …

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Identity Theft on the Rise this Tax Season, IRS Warns

Identity theft is on the rise this tax season as millions of Americans file tax returns and claim their refunds. In February, the Internal Revenue Service placed identity theft at the top of their “Dirty Dozen” tax scams list. Criminals simply use their victims’ names and social security numbers to receive the corresponding tax return. The IRS isn’t the only …

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