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All Posts Tagged Tag: ‘taxes’

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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Report: People Buy Less From Amazon In Online Tax States

Researchers from Ohio State have published a paper on the “Amazon Tax,” saying that “only Amazon.com has been affected”. A bunch of states have implemented laws that that demand sales tax on online purchases. Items sold by Amazon and shipped to the following states are subject to the tax: Arizona, California, Connecticut, Georgia, Indiana, Kansas, Kentucky, Massachusetts, Nevada, New Jersey, …

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‘House Of Cards’ Season 3 In No Danger From Maryland Tax Situation, Says Netflix

Earlier this year, reports came out that the production of House of Card: Season 3 was being held up as two bills in Maryland would affect tax breaks, which have been a key in the show being produced in the state. Based on what transpired earlier this month, things aren’t looking too great for the show’s future in Maryland, and …

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Federal Taxes Too High, Say Americans

With the deadline to file 2013 taxes approaching fast, more Americans are now coming face-to-face with just how much they own Uncle Sam. As the U.S. has always had an interesting relationship to taxes, it isn’t surprising that most Americans are somewhat unsettled by the amount of federal taxes they owe. A new Gallup poll released today shows that a …

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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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Walmart’s Hidden Employee Food Stamp Subsidy

A few days ago, Val Powell brought you some information about how Walmart is showing its business’ dependence on food stamps. In the filing of a form 10-K with the Securities and Exchange Commission, Walmart noted that its bottom line would be adversely affected if the Federal government were to cut food stamp benefit levels. Now, this is not necessarily …

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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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TurboTax 2014: Compare Cost to Other Online Tax Services

Tax filing season is finally underway, so now it’s time to decide how you want to file your taxes. If you don’t much care for using an accountant or tax preparation chain such as H&R Block to file your taxes and prefer to prepare your return yourself, you’ve no doubt heard of TurboTax. TurboTax is one of the most popular …

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Michael Jackson Estate Charged With $702M Tax Bill

Michael Jackson’s estate is being heavily pursued by the IRS for “undervaluing assets” and now faces a $702 million charge. In U.S. Tax Court documents, executors estimate that Michael’s net worth at his time of death in 2009 was around $7 million; the IRS is now arguing that his worth was actually $1.125 billion. The tax collectors are reporting that …

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IRS e-file Season Begins This Weekend

The IRS officially began processing 2013 tax returns this Friday, starting this year’s tax season. The IRS hopes that their e-filing process, along with their direct deposit system, will encourage users to process their return early, instead of waiting until April 15th. The IRS’ e-file is free for anyone who earned less than $58,000 in 2013. Using e-file and direct …

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Tax Filing- Delays and Changes You Should Know About

If you usually get a big tax refund, you are probably excited to file your 2013 taxes. If you have to pay in, you may want to put it off as long as possible. Many people have a hard time knowing when and even how they should handle tax filing. The good news is, the IRS offers tips and information …

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IRS.Gov Offering Free Tax Filing

It’s time to file your taxes and when it comes to choosing a place to have them done, you have a lot of options. More people are opting to do their own taxes online. Not only has filing online gotten easier, but it is often cheaper than paying someone else to do them. Cheap is always good, but free is …

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