UBS Tax Ruling May Prompt Fresh U.S. Legal Battle
A Swiss court ruling that impedes the Internal Revenue Service’s ability to collect data on 4,450 UBS AG accounts may prompt the U.S. to revive a lawsuit that shaped the IRS crackdown on offshore tax evasion.
Is it legal to charge sales tax on money that is being used to repay tax exempt bonds?
Sophia asked: Our community issued tax exempt bonds to build improvements to the utility system. A portion of our utility bill goes to repay that tax exempt bond. However, we are charged sales tax on ALL of the utility bill. Is this legal under the IRS and SEC rules, or should they [...]
why did turbo tax not take my state income return from the previous year and put it as income?
yapps26 asked: I have always used turbo tax and this year i received a form from the IRS stating that we owed taxes on previous state income. Shouldnt Turbo tax have picked this up?
I am in the state of VA – and did itemize. Turbo tax automaticly put the income in the state files but [...]
Who in the IRS could undertake auditing our elected officials that don’t think the tax laws apply to them?
Judith O asked: It seems like every time a govt official that is being looked at for a position in the Obama administration has”tax issues” Perhaps we could lower our country’s deficit by auditing every member of the house and senate.Republican, Democrat, Independent.I bet there’s millions of dollars in our representatives pockets that should have [...]
Im Having tax refund issues but why?
destinycastanon08 asked: I received a letter from the irs this is what it reads….We have received your tax return and it is being reviewed. You will receive a notice from us requesting additional information from you. When you receive the notice, please provide the requested information within 30 days. You may not receive all or [...]
Tax Issues?
Gigs asked: Without going into too much detail, I filled out my tax info at TurboTax’s free site and it claims that I will owe 380 dollars. I grossed about 30,000 dollars and paid over 3000 dollars intrest on student loans. How can I possibly owe the IRS? Any other good, cheap ways to file?
Im having issues with my tax return but why?
Efren G asked: I received a letter from the irs this is what it reads….We have received your tax return and it is being reviewed. You will receive a notice from us requesting additional information from you. When you receive the notice, please provide the requested information within 30 days. You may not receive all [...]
Tax issues: employee lunches?
RogerDodger asked: If a business owner buys their employees lunch everyday, are there any tax issues or reporting requirements required for doing that?
(U.S. Tax Law)
The employer is doing it say because he likes happy employees. Not sure what your asking.
Thx for your comments MadMan,
The specific case that I’m thinking of is Google. Google [...]
Can the IRS garnish a wife’s paycheck for her new husband’s previous tax issues before the marriage?
Terri asked: I have a friend who is about to get married, and her fiance has some income tax issues with his previous spouse. They are garnishing his paycheck for past-due taxes. If they get married, can the IRS actually go after her paycheck as well?
Anyone have tax refund issues involving stimulus check from last year?
shedevil620087 asked: when i did my taxes on taxslayer.com it asked if i got a stimlus check. i put yes and i got $600. so the irs kept exactly $600. anyone else lose their stimulus check from last year???
