by Kevin Thompson | Jul 9, 2013 | Tax Laws
When actor James Gandolfini died recently, he had made some major tax mistakes that will now cost his surviving family millions. 80% of his estate was left unprotected against estate taxes, and when you add up federal and state portions, his tax rate will be...
by Kevin Thompson | Jul 5, 2013 | Tax Laws
A new government report is saying that the IRS is often neglecting to adhere to legal protocol instituted in the IRS Restructuring and Reform Act of 1998 when it seizes taxpayer property. The act was written to ensure taxpayers rights. If the IRS is found to be in...
by Kevin Thompson | Jul 3, 2013 | Tax Laws
With IRS scandals in the news lately, taxpayer advocate Nina Olson reports that the actual crisis is the fact that “despite the IRS having a transformed mission, there is not enough funding to carry out that mission.” As a result, the IRS is not paying...
by Kevin Thompson | Jun 28, 2013 | Tax Laws
Despite the fact that the Supreme Court overturned DOMA, (the 1996 Defense of Marriage Act) there are still 5 more things you can’t do in America if you’re gay. 1. Donate Blood – because of the risk of HIV infection, gay men are banned from...
by Kevin Thompson | Jun 27, 2013 | Tax Laws
Same-sex couples are busy celebrating the fact that the Supreme Court ruled the Defense of Marriage Act (DOMA) unconstitutional. They will now be eligible to take advantage of the same tax benefits that traditional married couples do. This could mean a much bigger...
by Kevin Thompson | May 29, 2013 | Tax Laws
Large Corporations are arguing that they want a cut in the corporate tax rate to make it easier to compete globally. The problem is; this could have a significant impact on small businesses because they may be the ones who will have to pay for it. Although the...
