Los Angeles, CA, Wednesday, August 24, 2022 – Vanessa Bryant leaves federal court after a jury … [+] ordered Los Angeles County to pay Bryant, widow of Lakers star Kobe Bryant, and another...
Tag: IRS audit
Dennis Rodman Tax Case Is About Confidentiality
Dennis Rodman during Maxim Magazine’s Hot 100 – Arrivals at Montmartre Lounge in Hollywood, … [+] California, United States. (Photo by Chris Polk/FilmMagic) FilmMagic Resolving lawsu...
Tax Collections Are Up 23% As Inflation, Wages And Profits Rise
Internal Revenue Service federal building Washington DC USA getty Tax collections this year in the U.S. are up 23% compared to last year, according to a new study by the Tax Foundation citing Congress...
IRS Cancels Millions Of Penalties And Will Issue Refunds To Taxpayers Who Already Paid Them
The IRS has announced widespread penalty relief for those who filed late during the Covid-19 … [+] pandemic. getty Given the pandemic, did you file your 2019 or 2020 tax returns late? It happene...
Charlie Sheen Beats IRS, Slashes $7M Tax Bill To $3.3M
Actor Charlie Sheen has owed the IRS millions for years and has long been trying to hold them at bay. Convincing the IRS they are wrong is not easy, especially where the IRS has discretion, and where ...
Aretha Franklin Estate Settles IRS Tax Claims
Aretha Franklin, the Queen of Soul, died in 2018 without a will. She was one more in a long line of celebrities that are very successful but that neglect how important estate planning can be. Her heir...
Were IRS Research Audits Used To Target Trump’s Enemies? Here’s Another Possible Explanation For Why Two Ex-FBI Officials Got Picked
Two former FBI officials were the subjects of a rare type of IRS audit. Were they targeted? getty It may be every politician’s favorite fantasy—weaponizing the IRS. Last week the New York Times report...
Court Rules IRS Is Too Late To Audit, Win For Taxpayers
Tax returns are annual drudgery, but they matter. They matter for individuals, businesses and investment entities. Everybody must file one, or more than one, depending on how many entities you have. Y...
How To Write Off Legal Fees On Your Taxes
Since 2018, it’s been tougher to deduct legal fees, and some plaintiffs in contingent fee cases are taxed on their gross recoveries, not net after legal fees. Some call it a new tax on legal settlemen...