Among many in the business and political spheres, the U.S. tax code is regarded as somewhat of a cruel joke. This past April, the Washington Examiner reported that the U.S. tax code currently includes a mind-boggling 74,608 pages, a length that is nearly three times...
Annually, millions of Americans purchase lottery tickets, bet on the race track or try their hand at the black jack table or slots at a casino. For those who are lucky enough to come out ahead, Uncle Sam demands a cut. Yes, gambling wins are taxable and the IRS...
Many different problems can arise for a person when they are accused by the Internal Revenue Service of having filed a federal tax return in which they owe taxes after the applicable deadline without having been granted an extension. One is that they can face a...
When it comes to taxes and the Internal Revenue Service, timing is everything. Every U.S. taxpayer is well aware of the dreaded April 15 tax deadline and, if missed, the October 15 tax extension deadline. In cases where a taxpayer fails to file or pay his or her...
They say there are two certainties in life; death and taxes. Regarding the latter, the Internal Revenue Service is one of the most loathed and feared of all U.S. government agencies. This is due in part to the fact that the U.S. tax code is notoriously complex and the...