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Small Business Owners are the IRS’s Next Target so Watch Out

by Kevin Thompson | Oct 1, 2013 | Tax Laws

Despite all the bad press the IRS is getting these days, the agency is setting its next target on at least 20,000 small businesses and possibly many more.  The IRS has been sending small business owners notices inquiring whether or not the business has included every...

Growing and Selling State Legalized Marijuana is still Taboo with the IRS

by Kevin Thompson | Sep 7, 2013 | Tax Laws

States that have legalized the growing and sales of marijuana products are still subject to prosecution by the Federal government.  There are currently 20 marijuana legal states. Even though marijuana has been used widely for medical purposes, and there are fees...

Group of 20 Summit to Set International Tax Rules for Corporations

by Kevin Thompson | Sep 5, 2013 | Tax Laws

Leaders from the richest economies in the world are gathering together at the Group of 20 Summit in St. Petersburg Russia.  Their intent is to tighten tax rules for corporations that do business multi-nationally.   If all goes as planned, they will be limiting...

Even the King of Pop can’t beat it when it comes to taxes – both during and AFTER life!

by Kevin Thompson | Aug 26, 2013 | Tax Laws

Michael Jackson posthumously, is raking in the dough, and the IRS has its eyes on his money.  Can’t a guy rest in peace?  Apparently not – Michael’s lawyers and business managers are still gainfully employed even though the King of Pop bit the dust...

Small Business Owners are the IRS’s Next Target so Watch Out

by Kevin Thompson | Aug 19, 2013 | Tax Laws

Despite all the bad press the IRS is getting these days, the agency is setting its next target on at least 20,000 small businesses and possibly many more.  The IRS has been sending small business owners notices inquiring whether or not the business has included every...

Obama Offers cuts in the US Corporate Tax to Appease Party Bickering

by Kevin Thompson | Aug 5, 2013 | Tax Laws

President Obama outlined a plan on Jan 30, 2013 that would cut the US corporate tax rate and use revenues from a business tax that would fund job producing infrastructure projects.  This proposal is an effort to appease party bickering and create a solution...
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