Do you have to pay that tax penalty?
The answer to that question, as with so many things tax-related, is “It depends.” The Internal Revenue Code imposes automatic penalties for many violations of the Code, in order to drive compliance.If you are penalized for missing a payment or for...Little House star subjected to tax lien
Many people believe that television and movie stars live on virtually unlimited incomes. Unfortunately, for some of those entertainers, they act as if that were a true statement, and sometimes run into problems from the taxman.The latest case involves Melissa Gilbert,...Lower penalties for FBAR noncompliance announced by IRS
In recent years, one of the more worrisome tax matters has been FBAR reporting. The Report of Foreign Bank and Financial Accounts (FBAR), which is a required filing for U.S. persons with financial accounts in a foreign country, where they either have an interest in...
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