Thursday, March 17, 2011

More Tax Refunds Paid, IRS Reminds Filers About Savings Bond Option

›
From the IRS's newest press release : The IRS is reminding those who haven’t filed their tax returns that they can receive their refun...

IRS's Lack of Internal Controls Puts Confidential Taxpayer Info at Risk

›
A couple of days ago the Government Accountability Office (GOA) released their newest report: IRS Needs to Enhance Internal Control over F...

Gas Prices Finally Notch Down

›
Yesterday gasoline prices dipped for the second day in a row following a twenty day streak of price increases. However, they are expected ...
Wednesday, March 16, 2011

What are YOUR St. Patrick's Day Traditions?

›
St. Patrick's day is one of my favorite holidays of the year, besides Halloween that is, because I love breaking out my leprechaun cos...

8 Costly Tax Mistakes

›
MSN asked their readers to share some of the tax mistakes they have made. Make sure to avoid all of these when you file your return this y...

Ohio Mistakenly Promises Taxpayers Whopping Tax Refunds

›
Over 10,000 residents in Ohio received letters claiming they would be sent huge tax refunds. One woman, Denise Bossetti, was sent a letter...

Man Uses Pennies to Pay Credit Card Bill

›
According to reports, a man from my home state of California was turned away when he tried to pay a $6,500 bill in pennies. You know, ever...

Demystifying the 2010 Tax Act: What You Need To Know

›
Lewis Saret, of the Forbes.com blog, posted a very informative article earlier in the week explaining the Tax Relief, Unemployment Insuran...
Tuesday, March 15, 2011

IRS Audits 18.4% of the Richest Taxpayers

›
Last year, the Internal Revenue Service audited 18.4% of taxpayers with incomes exceeding $10 million. Audit rates went up across the boar...

UBS Client in San Diego Gets Probation for Hiding Accounts

›
From Businessweek.com : A UBS AG client in San Diego was sentenced to three years probation after pleading guilty to hiding assets in his ...

The 10 Most Counterfeited Products Sold in America

›
If you are planning to buy any of the items from this list on eBay then make sure you aren't purchasing a counterfeit! From DailyFina...

Will Global Economy Take a Hit From Tsunami?

›
Probably not, at least that's what economists are saying. The tragic earthquake and tsunami in Japan might push the country into a rec...
Monday, March 14, 2011

Stephen King Doesn't Think His Tax Rate is High Enough

›
At a rally in Sarasota King said, "as a rich person I pay 28% tax. What I want to ask you is why am I not paying fifty?" Is ther...

Congress Failed to do its Job

›
Although we are 162 days into the fiscal year, the federal government still does not have an approved budget. Just… incredibly frustrating...

Foreclosure Activity Plunges in February

›
With the foreclosure system facing major overhauls, the total number of foreclosures fell 27% from the same time last year. Of course, thi...

Questions for the Tax Lady: March 14th, 2011

›
Check out the following new Questions for the Tax Lady answers and feel free to ask me questions through one of the links below. You can se...
Saturday, March 12, 2011

IRS to Examine Rental Losses More Closely

›
Earlier this week a government report was released claiming that over half of taxpayers with rental real estate activity in 2001 misreport...

Gasoline Cost to Jump $700 for Average Household

›
According to reports, the average American household will likely spend nearly $3,235 in 2011 on gasoline, which is up $700 from 2010. This...

Jobless Claims in the U.S. Rose 26,000 Last Week to 397,000

›
Last week the total number of first-time claims for unemployment benefits rose, which has many economists worried about economic recovery....
Thursday, March 10, 2011

Al Pacino in Trouble with the IRS!

›
Apparently Pacino and director Martin Scorsese both were clients of disgraced celebrity accountant Kenneth Star, who was convicted of frau...