You know the commercials–some well dressed “professional” tells you he or she can settle your tax debt for “pennies on the dollar.” From there they describe some magical, trusted fairy tale land/firm where debts just disappear. Unfortunately, tax relief is not that simple and some companies offer false hope to those in debt. Let’s take a look […]

Tampa resident Rashia Wilson declared herself the “queen of IRS tax fraud” on her Facebook page earlier this year. Now she’s facing 21 years in federal prison on tax fraud and weapons charges, though her defense attorney argued that Wilson’s actions are “a result of her mental illness.” Wilson used part of the millions of […]

The creator of the once widely popular Beanie Babies line is now awaiting trial after pleading guilty to one count of tax evasion for hiding $25 million in income in secret Swiss bank accounts. The Chicago businessman, H. Ty Warner, 69, was in trial earlier this month. Warner stated that he was “so much to […]

The government shutdown has limited IRS operations. While tax law remains in effect, the IRS will not be auditing or answering any phone help lines at this time. Individuals and businesses are still expected to pay taxes, so those with extensions for 2012 income taxes are expected to file by Oct. 15, 2013. Taxpayers are […]

If you are in the market for a new job, then you may be eligible for some tax credits. What kind of items are considered job hunting expenses? Staffing agencies: If you pay for a staffing agency to help you find a job Stationary & Postage: The cost of sending out application materials Travel: If […]

If you haven’t heard about the San Francisco “Twitter Tax Breaks,” then we have the scoop for you. If you haven’t heard of Twitter, well we can’t really help there. The company behind one of the biggest social networking sites  is one of San Francisco’s flagship startups that recently considered leaving the city because of […]

The latest person who seems to having tax problems—Courtney Love. The former frontwoman of the band Hole reportedly had a tax lien filed against her for over $260,000. Most of this is from 2010 unpaid taxes ($263,624.78), while Love also owes over $3,000 for 2009. This isn’t Love’s first run-in with a tax lien, as one […]

The Defense of Marriage Act (DOMA), which prevented the federal government from recognizing same-sex marriages legalized by the states, was overturned by the Supreme Court in a 5-4 decision.  With DOMA ruled unconstitutional, same-sex couples who are married in the states where it is legal will be allowed the same rights as heterosexual married couples. The […]

Comedian David Adkins, who is better known as Sinbad, recently filed for Chapter 13 bankruptcy as a result of his almost $11 million in debt.  Approximately $8.3 million of this debt is owed to the IRS, with another $2 million or so to the state of California. However, this is not the first time Sinbad […]

While Lannisters always pay their debts, actress Lena Headey, who plays Cersei Lannister on HBO’s Game of Thrones  is reportedly having trouble living up to her character’s name. The actress was claimed to have only $5 to her name, following her divorce to Irish musician, Peter Loughran. Last month Headey was allegedly waiting on her tax refund […]

The IRS have filed a tax lien against singer Mary J. Blige. According to reports, the nine-time Grammy Award-winner failed to pay $3.4 million in income taxes over the past three years. According to the Associated Press, the New Jersey resident was filed a tax lien notice on Feb. 7. Court documents show that as […]