Tax news

Tax

Ex-IRS Worker Admits to Stealing $1.7 Million in Fake Refunds

Monica Nanette Hernandez, a former IRS data clerk, pleaded guilty on January 21 to one count of aggravated identity theft, one count of filing false income tax returns, and one count of wire fraud. She will be sentenced on April 14.
Tax

Film Credits: Your Tax Dollars at Work Making Movies

Federal film credits are not new, but they are becoming big business in more ways than one. Approximately forty states receive federal film credits they can use to entice moviemakers to make motion pictures within their borders.
Tax

Workers’ Comp and S Corp Owners?

Consider an S corporation with a shareholder who owns 2 percent or more of the company. We know if the company pays for their health insurance, that needs to be added to their wages, right? But what about when the owners are covered by their workers’ compensation insurance policies?
Tax

The Tax Picture of Downton Abbey If It Were in the US

Think you’ve got tax problems? Compared to the residents of Downton Abbey, you ain’t seen nuthin'. Just in time for this year’s US tax season, we’re treated to a fictional tax problem in the United Kingdom that may make yours pale in comparison.
Tax

Bramwell’s Lunch Beat: CPAs Prevail Over Computers – For Now

Here are “Bramwell’s Lunch Beat” menu items for January 17.
Tax

Tax-Evading Toymaker Gets Slap on the Wrist

Billionaire H. Ty Warner, the sixty-nine-year-old founder of the Beanie Baby franchise, could have been sent to federal prison for five years for tax evasion. Instead, a US district court judge in Chicago treated the toy magnate with kid gloves.
Tax

Bramwell’s Lunch Beat: Municipality's Boot Stipend Under Review by IRS

Here are “Bramwell’s Lunch Beat” menu items for January 16.
Tax

National Taxpayer Advocate Wants Taxpayer Bill of Rights

It’s not exactly the rallying cry of “no taxation without representation,” but National Taxpayer Advocate Nina E. Olson has called on the IRS to adopt a comprehensive new Taxpayer Bill of Rights.
Tax

NTEU Chief Colleen Kelley on Spending Bill: ‘True Investment’ in the IRS Needed

The head of the union representing IRS employees said on January 14 that the $1.1 trillion omnibus spending bill House and Senate negotiators unveiled Monday night for the balance of fiscal year 2014 does not do enough to help the underfunded IRS.
Tax

Bramwell’s Lunch Beat: FBI Unlikely to File Charges in IRS Targeting Scandal

Here are “Bramwell’s Lunch Beat” menu items for January 14.
Tax

Bramwell's Lunch Beat: What Company Pays the Most Taxes?

Here are “Bramwell’s Lunch Beat” menu items for January 13.
Tax

Ex-IRS Chief Miller Joins Alliantgroup

Steven Miller, the former acting commissioner of the IRS who resigned from his post last year after the agency admitted it had improperly scrutinized the federal tax-exempt status of certain conservative groups, has landed at Houston-based alliantgroup as its national director of tax.
Tax

Bramwell's Lunch Beat: Breaking Down Nina Olson Report

Here are “Bramwell’s Lunch Beat” menu items for January 10.
Tax

Mark Zuckerberg Will Continue Paying a Lot of Taxes

For most of us, it might not be so unusual to double our tax bills in one year. That is, unless last year’s tax bill was a billion dollars.
Tax

Bramwell’s Lunch Beat: Taxing Legal Pot – It’s Tricky

Here are "Bramwell's Lunch Beat" menu items for January 9.
Tax

Will Beanie Baby Founder Do the Time for His Tax Crime?

If the IRS gets its way, H. Ty Warner, creator of the Beanie Baby toy franchise, won’t be enjoying plush surroundings the next five years, he’ll be spending the time in prison for tax evasion.
Tax

Bill Intends to Make Settlements More Transparent

In an effort to shut down backroom deal-making and increase accountability, two senators introduced a bipartisan bill on January 8 that would force federal enforcement agencies to increase transparency around settlements reached with companies that break the law.
Tax

Free Car! Except for the Taxes…Is That Price Right?

The biggest winner in the long history of "The Price is Right" … that’s what the media is calling Sheree Heil of Tacoma, Washington.
Tax

Study: Gas and User Taxes Don't Fund Most Transportation Projects

A new study by the Tax Foundation found that revenues from gasoline taxes and tolls only fund approximately 50 percent of state and local transportation projects.
Tax

Bramwell's Lunch Beat: Ad Tax Proposal Could Hurt Startups

Here are "Bramwell's Lunch Beat" menu items for January 7.

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