Cordazar Calvin Broadus, Jr. understandably didn’t like being called Cordazar in high school so he changed his name to something less teasable: Snoop Dogg. Today Starpulse.com reports that Mr. Dogg allegedly, [F]ailed to pay more than 284,000 dollars in back taxes . . . As per TMZ.com, the singer had a tax lien filed against him last month, [...]
Tags: News · Tax Crimes
“When the money keeps rolling in you don’t ask why” – Evita – Andrew Lloyd-Webber in an op-ed he wrote for the Daily Mail argues that Britain’s high taxes are destroying the nation: The opinion polls have uttered. The country loves the new 50 per cent top rate of income tax. Soak the rich. Smash the [...]
Tags: News · Tax Policy
Congress’ PAYGO or pay-as-you-go rules require that no new spending or new tax changes increase the federal deficit. In other words, all new proposals must either be budget neutral or be offset with savings derived from existing funds. The Washington Post editorial board opined in an op-ed piece titled Expiring Tax Cuts – What to do before 2010 drop-dead [...]
Tags: Legislative Watch · Tax Policy
Many people, including some lawyers and tax professionals, erroneously believe that federal income taxes can never be discharged in a Bankruptcy proceeding. Generally, tax debts that have been outstanding more than 3 years from the due date of the tax returns giving rise to them and that have been outstanding more than 240 days from [...]
Tags: Back Taxes · Tax Collections
There are blog posts and there are blog posts. Here’s one that was so interesting and unique I had to read it twice. Jack Maule at Mauled Again wrote about the prerequisite qualities of a good tax professional at Why Tax Practioners Must Be Good With Words, Not Just With Numbers: Many people think tax [...]
Tags: Tax Blogging
The Tax Code prohibits tax-exempt organizations from endorsing political candidates. Some see the regulation as a violation of pastors’ rights to free speech. USA Today reports that, Nearly seven months after defying a prohibition on endorsing candidates from the pulpit, 33 churches across the country are still waiting to learn whether the Internal Revenue Service will take action against [...]
Tags: Tax Policy
Bizzy Blog, The Business End of the Blogosphere, reports, Through March, federal receipts were running 14% behind the previous year. Each month during the fiscal year has trailed the previous year, and degree of the difference has steadily increased. Now look at what we’re facing in April: More motivation for President Obama, Treasury Secretary Geithner [...]
Tags: News · Tax Collections
