Category Archives: Financial News

The Unlikely IRS Phone Scam Victim

Have you heard about those IRS phone scams?  No, it’s not what you’re thinking; not scams sponsored by the IRS.  They are scams perpetrated by individuals posing as IRS personnel, and they have been more prevalent than ever in the … Continue reading

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IRS is Closed, but Still Accepting Your Payments

The IRS has provided a detailed explanation regarding what services are available during the lapse in appropriations — and it’s not much. no live telephone assistance no walk-in availability at local IRS offices no refunds to be issued no correspondence … Continue reading

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IRS closed – technical difficulties or government shutdown?

Because our elected representatives can’t do their job, the government has shutdown. The Internal Revenue Service (IRS) is not immune from the shutdown … but you are still responsible to make payments and meet IRS deadlines. Curious as to how … Continue reading

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More on the Individual Mandate

With the individual mandate element of ObamaCare going into effect in 2014, some people who are currently without health insurance may be wondering if they should begin looking into joining the ranks of the insured. We now know what the penalty … Continue reading

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Online FATCA Registration Begins

The Foreign Account Tax Compliance Act (FATCA) was enacted in the wake of the UBS scandal to crack down on tax evasion overseas.  “FATCA requires foreign financial firms to report to the IRS offshore accounts held by Americans that are … Continue reading

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National Small Business Week 2013

There are so many elements involved in operating a successful business, only some of which are controllable by the owner.  You need a good business plan, adequate capital investment, not to mention an excellent product or service.  You also need to … Continue reading

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Foreign Accounts & Quiet Disclosures

There is a general, overriding principle in the world of Federal Tax that goes something like this: if you voluntarily come forward to admit your prior tax shenanigans and get yourself back in the good graces of the IRS, there … Continue reading

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Facebook’s Tax Refund

News that Facebook would be receiving a $429 million tax refund was of course misinterpreted by the general public.  The consensus among those who just don’t understand the complete story is that a company as profitable as Facebook should never … Continue reading

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The National Debt Ceiling: The “Other Cliff”

By now you probably know that the dreaded fiscal cliff has been averted, at least for a month or two. The term fiscal cliff refers to the potential for a deeper recession that would have been triggered by the terms of the … Continue reading

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The Sacramento Gold Dust Mystery

In these days of FATCA and offshore accounts, for some it is hard to imagine those days when the preferred place to hide money was under a mattress or in a backyard hole.  There could be many reasons for wanting … Continue reading

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