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On May 29, 2007, Mark Everson former head of the IRS became president and CEO of the American Red Cross. Just six months later, he was ousted for engaging in an inappropriate sexual relationship with a subordinate. Prior to that, Mr. Everson sat dow
While filing your tax return this year, think about giving up your Fifth Amendment rights. If this disturbs you at all, like it does me, then send a letter to your representative that looks something like this:
Tax Day is a dreaded deadline for millions, but for half of households it's simply somebody else's problem. 47% will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and
The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.
Action star Wesley Snipes was found not guilty of federal tax-fraud and conspiracy charges Friday, but was convicted on three misdemeanor counts of failing to file a tax return. Snipes had faced up to 16 years in prison if convicted on all charges
A House committee chairman wants Congress to enact a mileage-based tax [in addition to the gas tax] on cars and trucks to pay for highway programs now rather than wait years to test the idea. [and track you with mandated GPS recorders]
Jarred by a cool reception from the White House and fears of unintended consequences across the financial world, Senate leaders are likely to delay until late next month legislation to punitively tax bonuses at banks and investment firms that receive
The settlement was backed by the Swiss government, but experts said it opened cracks in Switzerland's treasured bank secrecy laws, and UBS is still facing a civil case in which U.S. authorities are seeking access to the names of another 52,000 cl
President Obama will unveil an ambitious first budget that seeks to cut the federal deficit in half over the next 4 years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan
President Barack Obama on Friday rejected his transportation secretary's suggestion that the administration consider taxing motorists based on how many miles they drive instead of how much gasoline they buy.
In the hush-hush world of Swiss banking, the unthinkable is happening: secrets are spilling into the open. UBS, the largest bank in Switzerland, agreed on Wednesday to divulge the names of well-heeled Americans whom the authorities suspect of using o
The bottom line is this: there is no constitutional duty placed on the American people to pay federal income taxes or a 23 % national sales tax to fund programs not authorized by the Constitution. Period end of story!
Since all of the various federal income taxes are excise taxes just like the FairTax, how can the FairTax "replace all federal taxes except excise taxes?" They are all one in the same!
The second question is: What do I need you for?
In its bid to be more lenient this year, the IRS is giving its employees more flexibility in helping taxpayers in financial straits. Employees will have greater authority to temporarily suspend collection in certain hardship cases, especially when th
