taxes

Top Celebrity Tax Evaders

For most of us, the idea of having IRS troubles brings cold sweats and sleepless nights. When we hear celebrities are having tax issues, we stretch our ears, pop popcorn, grab a bottle of something fun and bubbly and say ‘oooh, what did they do?’ Probably, we enjoy the gossip because we don’t really feel sorry for them. After all, most celebrities have or will have enough money coming in to eventually pay the fine. Yet some do time. Here's a list of famous celebrity tangled finances, past and present, as reported by newsworthy sources. Grab that snack and drink.  Kevin...

Ten Terrific Tax Tips

With the tax-filing deadline looming, here are ten tips to help make this year’s filing a breeze. 1. Lost your job? Could be good news!  You might quality for the Earned Income Tax Credit.  And since unemployment benefits do not count towards eligibility, only take your regular wages into account.  For a single, childless taxpayer, you need to make less than $13,980, with two children you qualify with less than $41,952.  2. Report it all! If you did receive unemployment benefits, including disability payments or assistance that falls under the Disaster Relief and Emergency Assistance Act, you should have a Form 1099-G to report your income.  3. Last call for the American Opportunity. The American Opportunity Tax Credit,...