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FBI Arrests Two Former NFL Players For Tax Identity Theft
Oh, how the mighty have fallen. You would think former NFL players wouldn’t need to steal someone’s identity to make a buck, but the FBI discovered otherwise. The FBI arrested two former NFL players today, William Joseph (New York Giants defensive tackle in 2003), and Michael Bennett (Minnesota Vikings running back in 2001), for allegedly [...] Continue reading
Tax Day Cometh: Students Should Pay Close Attention to Their Taxes
College students aren’t typically known for being proactive. Pulling all-nighters to write papers and cram for exams is pretty much the norm. But you don’t want to be last-minute or fashionably late when it comes to doing your taxes. The big tax deadline day is just about a month away, so don’t procrastinate any longer. [...] Continue reading
Latest Tax Scam Targets Elderly, Falsely Promises College Tax Credit
In yet another case of criminals preying on the elderly, churches and the financially vulnerable, the Internal Revenue Service is alerting taxpayers to a scam that promises fraudulent tax refunds and charges steep fees to file their victims’ taxes. The scam dangles the bait of tax refunds to senior citizens and other people with limited [...] Continue reading
Your Taxes: Crazy But True Deductions, Audit Red Flags
The IRS often gets a bad rap for being a dreadful institution of joyless people devoid of any sense of humor or compassion, but every once in a while, the IRS and Tax Courts either turn a cheek or get a chuckle out of allowing some crazy, but true tax deductions. Kiplinger compiled a list [...] Continue reading
D.I.Y. Taxes: Online Options Aplenty
Whether you are hoping for a generous tax return or expecting to pay taxes this year, taxpayers who prefer to save money (but not necessarily time) and do their own taxes have options aplenty. Ranging in price from free to upwards of $200 based on the complexity of your tax needs, tax software is readily [...] Continue reading
Don’t Trust Yourself to Do Your Own Taxes?: IRS Gives Tips to Find Trustworthy Tax Professionals
Would you give your Social Security and bank account numbers, employer and most private financial information to a perfect stranger then walk away? Common sense says no, but it happens every day – particularly during tax time. We don’t trust ourselves to do our own taxes, but as of 2010, the Internal Revenue Service estimated [...] Continue reading