Monthly Archives: June 2011

Presidential Candidate Bachmann wants to “Deep-Six” the Tax Code

Not familiar with the term? It means that she wants to get rid of it. Throw it out.  Bury it at sea. And that’s not all she would like to do if she were elected to the presidency. She is … Continue reading

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Taxes Around the World

Some international tax news today. China is doling out tax relief to the poor by increasing the income threshold for workers who are required to pay taxes.  Those earning less than $540/mo. are exempt from income taxes now, whereas the threshold used to be $300/mo. … Continue reading

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IRS Crashes Party at Fiesta Bowl

The Fiesta Bowl is scrambling to avoid needing tax relief. The Fiesta Bowl, a non-profit organization, is facing Internal Revenue Service (IRS) scrutiny for giving elected officials expensive gifts since 2002, which may not have served the Fiesta Bowl’s tax-exempt purpose. … Continue reading

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Taxpayer Advocate Wants More Money Spent on Collections

Shouldn’t the Taxpayer Advocate be focused on providing high quality tax relief within the bounds of the law? The Taxpayer Advocate Service (TAS) describes themselves as an “independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who … Continue reading

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Another Tax Bust

Due in part to the state of our economy, there are many people who don’t pay their taxes because they can’t afford to pay. Many of these people can find the tax relief they are looking for by enlisting the assistance of … Continue reading

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IRS Seizes Super Bowl Ring

Even pro football players need tax relief from time to time. Fuzzy Thurston, former Green Bay Packers lineman, owes $1.7 million in back taxes and now the IRS is auctioning off his ring from Super Bowl II to help pay what he owes. … Continue reading

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Kenya Revenue Authority Cracks Down on Government Officials

Despite only having been in existence since 1995, the Kenya Revenue Authority (Kenya’s equivalent of the IRS) apparently has some teeth. Under the country’s new constitution, which was promulgated in August 2010, even the top paid legislators have to pay … Continue reading

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Dodgers Bankruptcy

The Los Angeles Dodgers filed for Chapter 11 Bankruptcy protection today.  MLB Commissioner recently rejected a $3 billion deal with Fox that may have helped pull the club out of its $630 million in debt. The Commissioner did not approve the … Continue reading

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IRS Interactive Tools

IRS.gov offers a couple different interactive tools designed to help with basic tax questions. One is called the “Interactive Tax Assistant” (ITA) and the other is called “Tax Trails.” The ITA covers a limited range of topics: Do I Need to … Continue reading

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Summer School

If you’re worried about your kid’s brain turning to mush over summer vacation, how about a free online tax course?  The IRS’ Understanding Taxes program is perfect for high school or college aged youngsters.  The course offers 24 lessons divided into 6 … Continue reading

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