Monthly Archives: May 2012

Abel Maldonado’s Tax Controversy

In California, Abel Maldonado is a familiar name.  He’s the former lieutenant governor and he’s currently running for Senate in the new Central Coast district.  Maldonado is also in the news because of his serious tax problems. As far as the … Continue reading

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TMZ Founder’s Death

I often post stories of celebrity tax failures.  I believe the IRS prosecutes high profile and celebrity tax cases to make them an example to the rest of the world and to deter would-be tax crooks.  And I consider it … Continue reading

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Pasties Won’t be Taxed in Britian

Believe me, it’s not what you think.  In the United States pasties are a warm weather clothing(ish) item worn by some women.  But in England it is a popular food eaten by the common folk.  Picture a cross between a … Continue reading

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The Ultimate Case of Refund Fraud

I’ve blogged about refund fraud before.  I’ve even blogged about inmates committing refund fraud from their prison cells, as odd as that may sound.  But the story of Jason Whitfield will Blow. Your. Mind. Whitfield was charged with second degree murder back in November 2011. … Continue reading

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IRS Closing 43 Offices Across the Nation

Yesterday the IRS announced that it would be initiating a massive “office space and rent reduction initiative” that will save taxpayers $17.2 million in rental costs during 2012 and even more the following year.  Employees aren’t being laid off — this … Continue reading

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IRS Makes Potentially Huge Changes to OIC Program

The IRS recently announced some historic modifications to the Offer in Compromise (OIC) program which could result in drastic increases in accepted offers.  I say it “could” have this result because the IRS is notorious for not training its personnel to understand … Continue reading

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Ivy League Audits

In this down economy the IRS is doing all it can to improve collection results, which is why it is targeting wealthy individuals, banks, corporations, . . . even universities. Top Ivy League colleges are in the IRS crosshairs because … Continue reading

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FATCA Marching on Despite Opposition

The Foreign Account Tax Compliance Act (FATCA) is one of the ways the US plans on ramping up collection of taxes so everyone pays his/her fair share.  The IRS sees it as an important tool in combating tax evasion, but … Continue reading

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On the Eve of the Facebook IPO

The state of California anticipates generating billions in tax revenues from the Facebook IPO which is supposed to take place this Friday morning. The Legislative Analyst’s Office predicts the state will receive some $2.1 billion over the next year from … Continue reading

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