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December 2013 Archives

Taxpayers often left with few protections when dealing with liens

When local governments accuse someone of failing to pay property tax bills, a lien may be attached to the property in question. This means that the government can seize the property if the owner fails to pay the outstanding taxes or negotiate a repayment plan. This can be a confusing and scary experience for homeowners trying to navigate their financial situation and the complexities of tax law.

IRS claims Pacquiao owes taxes: Who will land the knockout punch?

Over the last several years, Manny Pacquiao has earned his way to becoming one of the most successful boxers in the world. In fact, he was listed as the 14th highest paid athlete in 2013 by Forbes. Of course, these earnings aren't without sizeable tax liabilities.

Be prepared: New tax audit rules set to take hold in 2014

Receiving notice of an Internal Revenue Service audit can create anxiety for individuals and businesses, no matter the value of their assets. Even if a person or organization has not knowingly provided inaccurate information to the IRS, it is definitely something to take seriously.

Loan provides tax benefits, addresses veterinary shortages

In most places, veterinarians and other animal service providers are critical to both two-legged and four-legged members of the community. This is especially true in matters of food animal service in certain areas of high priority. Many shortages of veterinarians can be blamed on the high cost of finishing medical training, now estimated at more than $150,000.

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