Beware of Gangsters Filing Tax Returns
. Florida gangbangers have found a new path to illicit riches: tax refund fraud.
On Friday afternoon, the U.S. Internal Revenue Service (IRS) apologized
to conservative non-profit 501(c)4
groups for singling them out for heightened scrutiny during the 2012 campaign season. While the abuses were initially blamed on "low-level" workers in the agency's Cincinnati office, new questions were raised Saturday with a report that senior IRS officials were aware of the practice as early as 2011
. That senior IRS officials knew of the politically-selective practices "seemingly contradicts public statements by the IRS commissioner." [more inside]
As the tax deadline approaches in the United States, ProPublica investigates why the promise of free and simple tax filing has yet to be fulfilled
Jonathan Blattmachr, one of the country's leading estates and trusts experts
, feels that helping his clients reduce their tax liability
helps the IRS close loopholes that he and his colleagues use. As with most attorneys, there are some clients who weren't happy with his work
, but Mr. Blattmachr pushes on with his efforts
But most years were pretty close to $24,000. Despite his high income, he was not able to save or, as he said, “amass capital.”
Fitzgerald reported every dollar he had entered in his ledger. He was impeccably honest in his reporting. But Fitzgerald did press tax conventions on some occasions. On his 1924 tax return, he deducted $2,450 as a business expense for a “trip to Europe for the purpose of obtaining material for stories, etc.” The American Scholar
examines F. Scott Fitzgerald’s tax returns.
As virtual worlds economic activity
grow, the importance of Real Money Trade
comes to the fore. When does fraud inside game worlds
become illegal? when do earnings from online worlds become taxable?
], and what happens when real day traders
get interested? [more inside]
about the legality
of the IRS, and about people
who've managed to avoid paying income taxes based on the lack of legality of the IRS itself. Is any of this real, or simply people trying to make a buck selling a book or two? And if the IRS is fraudulent, what can a citizen without massive fundage do to fight it?
Supreme Court OKs IRS to estimate tips.
The IRS can now use estimates of employees' tips in its calculations of what businesses owe in payroll taxes (the dreaded FICA), the Supreme Court said yesterday. The estimates of cash tips -- which are nearly impossible to track directly -- can be based on recorded credit card tips. The IRS said they don't plan to audit servers themselves -- but the effect on restaurants could be chilling.
"Seven out of 10 restaurants are small businesses, many of which operate with slim margins. Quite frankly, this decision could mean the difference between a restaurant staying in business or closing its doors," said Peter Kilgore, general counsel and senior vice president of operations for the National Restaurant Association in Washington.
Something else tax-related...
There is NOW a genuine effort in Congress to eliminate the income tax! House Resolution (H.J. Res. 45 -- The Liberty Amendment) sponsored by heroic congressman Ron Paul, that would repeal the 16th Amendment and free us from direct taxation, which is one thing the Constitution originally guaranteed, before it was vandalized by unscrupulous politicians early in the last century, who promised the income tax would hit only "the rich" (where have you heard that before?) and would never be more than a few percent. Politicians have such senses of humor. Anyway, YOU can help Rep. Paul's effort to repeal the income tax: join the petition to the U.S. House of Representatives and encourage everyone you know to do the same. This is a real opportunity, so if you oppose the income tax, here's your chance to do something concrete and effective (and still easy) to help the fight against it. Time is a factor, so please do it today.
Found on deuceofclubs.com
, an amazingly witty site where a person can lose countless hours of their life at, reading all sorts of non-tax-related mayhem.