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All Posts Tagged Tag: ‘taxes’

Cristina Fernandez Accused of Funneling Taxpayer Money

The president of Argentina, Cristina Fernandez, has found herself under fire recently due to accusations published in investigative news reports in an Argentine newspaper. The article accuses president Fernandez of funneling taxpayer money into expensive resort hotels owned by an old friend named Lazaro Baez. Lazaro Baez is a former business partner of president Fernandez and her late husband, Nestor …

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Government Shutdown Delays Tax Filing Season

The IRS announced today that the government shutdown that lasted from October 1 to October 16 will cause the start of the 2014 tax filing season to be delayed. Unfortunately, the deadline to file taxes (unless you file for an extension) is still April 15, so this does nothing to help taxpayers who like to wait until later to file …

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Gullah-Geechee, Sapelo Island: Historic Slave Community Faces Tax Woes

The tiny community of Hog Hammock on Sapelo Island in Georgia is one of the earliest freed slave settlements, and it is still home to descendants of the original owners. That may change though, as the Gullah-Geechee people in the Hog Hammock community are being forced to sell because of soaring property taxes. The owners aren’t giving up without a …

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Powerball: Someone in SC Won $400 Million Jackpot

Someone in South Carolina is a little bit richer after winning the $400 million jackpot in the Powerball lottery. The lucky winner, whose name hasn’t yet been released, was the only person to pick the following numbers in Wednesday’s night drawing: (image) The winning ticket was sold at a Murphy USA gasoline station in Lexington, South Carolina. Store manager Keith …

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IRS v. Beanie Babies

Harold T. Warner, CEO and founder of Ty Inc., the company most famous for the creation of the extremely popular stuffed animal collection known as “Beanie Babies” has agreed to put in a guilty plea on felony charges of tax evasion. With his product’s more youthful appeal, Warner affectionately ‘goes by’ his middle named Ty (which was printed in the …

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Rep. Bob Goodlatte Introduces Internet Tax Legislation In House

Back in August, Sens. Ron Wyden and John Thune introduced legislation that would permanently extend the Internet Tax Freedom Act of 1998. The legislation prevents state and local governments from taxing Internet services. Now similar legislation has finally been introduced in the House. The Hill reports that House Judiciary Committee Chairman Bob Goodlatte and Rep. Anna Eshoo have introduced the …

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Dolce & Gabbana Sentencing: Taxes Too Expensive

A $193 tank top? A $795 belt? A $298 foulard? (For what it’s worth, “foulard” is hoity-toity for “scarf.”) All that money had to end up someplace. But as far as the Italian government is concerned, it didn’t go to the right place. Fashion icons Domenico Dolce and Stefano Gabbana have been convicted of evading over $1.3bn dollars in taxes …

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IRS Star Trek Parody Video Is Hilariously Awful

An IRS Star Trek parody video has prompted a formal apology from everybody’s favorite government agency. Faris Fink, an IRS executive who appears in the video as Mr. Spock, apologized for the video and for some of the IRS’s other excessive spending habits in a hearing on Capitol Hill today. The video was produced for an IRS training conference in …

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Apple’s Tim Cook Tells Congress The Tax Code Is Outdated

You may recall that Apple was on tap to testify at a Senate Permanent Subcommittee on Investigations hearing yesterday regarding accusations that it dodges taxes. As expected, Apple CEO Tim Cook denied the accusations. He did offer up his idea for tax reform while he was there though. During the hearing, Cook slammed the current U.S. tax code for not …

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Lauryn Hill: Prison Sentence of 3 Months For Missed Taxes

Last year, Lauryn Hill was charged for not paying taxes on over $1.8 million dollars she earned between 2005 and 2007. Despite the singer’s attempts to come to an arrangement, she was sentenced yesterday for three charges of tax evasion. Though Hill faced up to three years in prison for her crimes, it has now been revealed that she will …

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Reuters: Google May Face Bigger Tax Bills In UK

Google may face bigger tax bills in the UK, according to a report from Reuters, which says that Google executives and the company’s auditor Ernst & Young, will be called to a British parliament committee to testify, after Reuters’ own investigation highlighted “inconsistencies” in Google’s portrayal of its activities. At issue is whether or not Google makes sales to UK …

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Congressman Wants The IRS To Explain Itself

It was revealed earlier this week that the IRS probably digs through your email without a warrant during its investigations. It’s able to do this thanks to the outdated ECPA which allows government agencies to obtain emails that are more than 180 days old. Now one lawmaker wants the IRS to explain itself. The Hill reports that Rep. Charles Boustany, …

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