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April 2019 Archives

Beware: A tax filing extension can lead to a higher penalty

Not every taxpayer in the country made the April 15, 2019 tax filing deadline for their 2018 tax returns. Some were still gathering paperwork and trying to navigate the complex new rules. Those who found themselves in this situation may have filed for an extension.

Will college admission scandal lead to charges for tax crimes?

Lori Loughlin, Felicity Huffman and dozens of others have received negative publicity for their alleged roles in a college admission scandal. The scandal involved a relatively large payment in exchange for admission to well-known universities. Yale and USC are among those implicated.

Joe versus the tax man: Do taxes need to be so painful?

Tax season is not an enjoyable time of year. Our current tax system forces taxpayers to navigate complex tax issues, fill in various forms and hope they did not mess the whole thing up. But does it have to be this hard? Other countries do not require such a difficult tax process. In Australia, taxpayers do not even know the date of Tax Day. There is no complex form to fill out and mail in, the whole process is simply easier.

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