In September 2019, the Internal Revenue Service (IRS) released tax gap estimates for tax years 2011 through 2013. The numbers indicate that the gap has stayed the same as the previous tax years. However, the IRS will continue to pursue taxpayers who are not compliant. Here’s what you need to know.
We all want to make sure that we’re not paying more than our fair share of taxes each year. But on the flip side, the IRS also wants to make sure that nobody is getting away with so many deductions that they’re not paying enough.
The Alternative Minimum Tax […]
As you prepare your taxes, it becomes fairly evident that there are many different forms and schedules to fill out. Which forms you fill out depends on your financial situation, especially where you are getting your money.
Most people are familiar with filling out a Schedule A, which helps […]
The current economy is changing the makeup of our households. With unemployment high, many are finding that they are supporting relatives and non-relatives alike by allowing them houseroom.
While you might be allowing someone in need of help to live with you out of the goodness of […]
Christie Brinkley reportedly owes $531,720 in back taxes on her $30 million Bridgehampton, NY mansion. The IRS filed a tax lien against the 57-year-old former supermodel on November 21st.
Brinkley – who was once famously married to rock star Billy Joel – had been trying to sell the beach house that she lives in since 2008, but took it off the market in 2010. It […]