Taxes

The "New York Times" obtained the GOP nominee's tax records from 1995 and found that because of massive business failure, he legally may have not paid his taxes for almost two decades.

Uh oh. According to TMZ, Nelly owes the IRS over $2 million in unpaid taxes. “He’s also got state tax trouble — earlier this year, the Missouri Department of Revenue said the St. Louis rapper owed $149,511 in unpaid state taxes from 2013,” TMZ reports. “He originally owed a mere $113,533 … but interest is a bitch.” […]

Under the “Top 1% Accountability Act," if a person doesn't test clean three months after filing, they will lose all their lofty deductions.

President Obama wants to help you get back on track to achieving the American dream. This week, the president released a $3.9 trillion budget proposal for the fiscal year starting Oct. 1. Raising tobacco taxes to make preschool universal (read: free) for all 4-year-olds, expanding the existing tax credit for full-time worker’s child care cost and offering […]

On Tuesday, February 11, 2014, The U.S. Court of Appeals for the District of Columbia Circuit nixed the Internal Revenue Service’s attempt to regulate commercial tax return preparers, thus upholding a district court decision from last year. As reported on Forbes.com, in an effort curtail tax preparer fraud, the IRS issued regulations in 2011 which […]

If you got hit with a large tax bill this tax season, ignoring it will not make it go away.  While most of us do not have that kind of money lying around, keep in mind that you DO have some options. Here are 3 of them from our partners at blackenterprise.com: Don’t ignore the […]

Yes, it’s true! You can actually file your federal taxes for free. The real question becomes, however, “Is that always beneficial?” It’s no secret that nowadays folks are scrambling to save a buck wherever possible. Even though many Americans over pay their taxes and expect some level of tax refund, the promise of a few […]

Tax time: That interestingly peculiar time of year when ordinarily smart people begin to make really dumb financial decisions. Isn’t it amazing to watch what a little extra cash, okay well for some, maybe a lot of extra cash lining the pockets can do? The average tax refund for 2011 may be a little over […]

Nas reportedly owes the IRS over 6 million dollars in tax debt, with at least 3 tax liens filed against him from Georgia to New York. According to Yo Raps, “the trouble started in October of 2009 in New York. The IRS filed a $2,584,236 lien against [him] behind owed taxes, listing the address of […]

Time is winding down, but if you are proactive instead of reactive, it’s not too late to take advantage of a few tax tips that can save you big bucks on your 2010 tax return! Any tax professional will tell you that the most beneficial tax preparation won’t take place in April; it begins in […]