Your IRS Questions Answered Here…
Question: I was self-employed and haven’t been able to pay my taxes for 3 years. Now I’m a W-2 employee but I’m getting letters from the IRS demanding payment and threatening to garnish my paycheck. What should I do? Answer:  The IRS doesn’t like being ignored and they want you to know they won’t go […]
Even Stolen Funds Need to be Reported as Income
James Miller, of Manhattan Beach, CA, was convicted Jun 12th of wire fraud and filing false tax returns. Miller was the president of an internet sales company, and from 2009 to 2012 embezzled more than $300,000 from the company to pay for personal expenses but did not report it on his personal tax returns, causing […]
More Fun Tax Facts
-When Roosevelt raised the top tax rate to 79% for people making more than $5 million in 1935, the only person it applied to was John D. Rockefeller. -A cult leader deeded 600 acres of land to “God†in 1864, but the State of Pennsylvania took back the land because “God†didn’t pay his property […]