While larger than life in many ways, celebrities are not immune to many of the same problems we all face. We all have responsibilities and obligations to which we'd rather not attend, among the most dreaded of which includes forking over a sizable portion of one's earnings to the Internal Revenue Service.
IRS claims its recovered billions of dollars thanks to FATCA
Seemingly gone are the days when wealthy, or simply stealthy, individuals were able to open and effectively hide assets in Swiss and other foreign bank accounts. This is due mostly in part to the Foreign Account Tax Compliance Act, better known as FATCA, which became law in March of 2010.
Business owners advised to attend to end-of-the year tax matters
With the holiday season quickly approaching, it's easy to become distracted and forget about the significant end-of-the year tax matters that are important to address. Taking steps today to plan for the 2016 tax season can end up saving a small business owner a lot of time, headache and perhaps even money.
