A federal judge has handed down a ruling that reverses the previous Congressional law passed in 1954 exempting people of the cloth from paying taxes on that part of their compensation earmarked for housing. This action has the potential to have enormous fiscal impact...
Inconspicuous IRS rule change could have overt consequences
Tax refund checks are one of the few pieces of mail that people actually enjoy receiving from the Internal Revenue Service. Families often budget the use of this money for special purposes. As such, one woman's dismay when she found out that nearly all of her refund...
Will tax-exempt advocacy organizations face challenges?
For many nonprofit and community organizations, tax-exempt status is very important. Without this designation, they would not be able to provide services. The unfortunately reality is that federal government officials can challenge this status if they feel...
What happens when a federal tax lien is attached to property?
Seeing a notice from the Internal Revenue Service arrive in the mail isn't likely to be a welcome sight. When federal officials claim that taxpayers have failed to pay their full tax liabilities, a lien may be attached to their personal property. This essentially...