As of this writing, Bitcoin (BTC) is trading at $22,852.20, though an hour from now it could be trading at $18,000 or $28,000. To say BTC is volatile is an understatement. It is wildly so. This is how it has… Read More ›
IRS
Don’t get scammed by those posing as IRS agents via text messaging
As long as COVID-19 remains a threat, scammers will attempt every trick in the book to exploit taxpayers and coerce them into disclosing personal information. Now, there is another emerging COVID-19 text scam that deceives recipients into disclosing personal banking… Read More ›
Trump’s tax records reportedly show he paid over $22 million in federal taxes over 18 years
This morning most Americans are waking up to the New York Times article reporting that President Trump has paid $750 in federal income taxes for years 2016 and 2017. Shortly after midnight Trump tweeted “FAKE NEWS!” on his Twitter feed… Read More ›
Are Americans going to be ready to pay the taxes due on their unemployment benefit income?
While many never lost their jobs this year, 30 to 40 million Americans either lost their jobs or had serious financial setbacks because of the COVID-19 pandemic. Approximately 20 million Americans took state unemployment benefits besides the $600 per week… Read More ›
Libertarian presidential nominee, Jo Jorgensen, calls for Pentagon’s accountability to taxpayers
“If the Pentagon were a private business—or an ordinary taxpayer—it would be guilty of federal crimes,” charged Dr. Jo Jorgensen, Libertarian for President. “It spends trillions of taxpayer dollars with virtually no accountability for how that money is spent.” For… Read More ›
Will the new tax bill be as great as some say or as apocalyptic as others say?
The new Tax Cuts and Jobs Act affecting federal taxes was signed into law yesterday, December 22, 2017, by President Donal Trump and depending upon your political affiliation, it is either the end of the world or the best thing… Read More ›
Treasury Inspector General: IRS civil forfeiture program “compromised rights” of individuals and business owners
Yesterday afternoon, April 4, 2017, the Treasury Inspector General for Tax Administration (TIGTA) publically released a bombshell report finding the Internal Revenue Service’s criminal investigations of structuring laws and civil forfeiture “compromised the rights of some individuals and businesses.”… Read More ›
New report finds licensing laws are tangling braiders in needless red tape
In any given year, an American taxpayer is more than twice as likely to be audited by the IRS as an African-style hair braider is to receive a complaint of any kind—and genuine consumer complaints are even rarer. That is… Read More ›
National Tax Watchdog Launches AuditIRS.com: The First Independent Audit of the Internal Revenue Service
Washington, DC — The Tax Revolution Institute (TRI) — a Washington-based nonprofit group that promotes “justice and integrity in the tax system” — is taking a whole new approach to shedding light on the Internal Revenue Service: Today, it is… Read More ›
IRS declines to seek U.S. Supreme Court review of ruling
Today, May 13, 2014, three independent tax-return preparers’ victory over the IRS became final, after the agency declined to file a petition seeking review from the U.S. Supreme Court. The lapse of the deadline marks the conclusion of a two-year… Read More ›
