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Cruising for tax deductions? Try deducting your next Caribbean cruise

11/18/2009 - 23:10 - 824 reads - 1 comment

Does it seem like your life is all work and no play? Why not consider a business cruise, allowing you to write off travel expenses as business tax deductions?

IRS will try to sell e-filing to tax professionals

11/17/2009 - 12:38 - 420 reads

Tax professionals can hear first hand from their colleagues and e-mail questions to the Internal Revenue Service about the benefits of IRS e-file during a free Webinar.

Michigan attorney and client sentenced for tax crimes

11/17/2009 - 12:25 - 475 reads - 1 comment

A Michigan attorney has been sentenced to five years in prison for attempting to defraud the government. His client received a hefty fine and probation.

The potential negative impact of the Make Work Pay Credit

11/17/2009 - 12:07 - 817 reads

Because of the unusual way the Make Work Pay Credit is administered, some taxpayers will find themselves owing federal taxes and possibility penalties.

The taxman comes rapping for rappers Method Man, Nas, and DMX

11/12/2009 - 23:28 - 702 reads

Clifford Smith, better known as the rapper Method Man or simply Meth, is battling the New York State Department of Taxation over back taxes of $52,503.

Nicolas Cage sues business manager for tax woes

11/12/2009 - 23:24 - 1085 reads - 1 comment

The trouble seems to never end for Nicolas Cage. Now the IRS is after him for $6.26 million in taxes owed on his 2007 income.

Take advantage of changes in education credits and deductions in 2009

11/12/2009 - 23:00 - 794 reads

Many more taxpayers may be able to take advantage of education credits and deductions for 2009 because of new legislation.

New life and new rules for the Home Buyer Credit

11/12/2009 - 01:12 - 2178 reads - 1 comment

Just as the door was about to slam shut on the First Time Home Buyer Credit, Congress not only extended the deadline, but also expanded it to include those who are not first time buyers.

Joe Francis free: Was he a victim of accountants gone wild?

11/11/2009 - 13:26 - 1384 reads

In spite of a future that looked pretty dismal, “Girls Gone Wild” producer Joe Francis will not serve another day of jail time for tax evasion.

Congress extends homebuyer tax credit; expands eligibility

11/11/2009 - 11:44 - 1760 reads

President Obama signed into law last week an extension of the first time home buyers tax credit until April 30, 2010. The credit was set to expire on December 1, 2009.

Wanted: Taxpayers who want to claim their refunds

11/06/2009 - 12:10 - 1063 reads - 1 comment

The Internal Revenue Service is looking for taxpayers who are due to receive a combined $123.5 million in the form of 107,831 refund checks that were returned to the IRS by the U.S. Postal Service due to mailing address errors.

More Income Tax News >>

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