Tag Archives: IRS

IRS Refuses Money from Disgraced Attorney

A Texas attorney, who is facing up to 20 years in a federal prison, tried to pay the IRS $82,400 towards his back taxes.  However, the IRS refused the money because the IRS believes the attorney stole the money from … Continue reading

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Deductible Muscles

Wheir was a body builder who attempted to deduct some body building expenses because he believed he was in the business of body building. Some of his expenses included bison meat, which he ate at the rate of 3 pounds … Continue reading

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Drugs and the Tax Man

Regardless of whether their activities are legal under state law, drug dealers have to deal with special tax laws designed to discourage their activities. IRC 280E states that any deductions from an illegal drug business  are not allowed. The definition … Continue reading

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Lawyer Jailed for 18 Months for Defrauding NFL Players

A former Chicago attorney has been sentenced to 18 months for orchestrating a tax fraud scheme that defrauded millions of taxes from the IRS and financially harmed NFL players. If you have been charged with a crime and need legal … Continue reading

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Things To Do with Your Income Tax Refund

Each year, around this time, you may be getting a tax refund.  Instead of spending it on a big screen TV or a new IPhone, here are a few other things to spend your refund on: Start a savings account … Continue reading

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Unclaimed Tax Refunds Reaches $1 Billion

The IRS has recently announced that the amount of unclaimed income tax refunds now totals more than $1 billion.  The IRS estimates that 11,100 people in Kansas are due a refund with the average refund being $746.  The IRS estimates … Continue reading

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IRS Relaxes IRA Transfer Rules

The IRS has recently relaxed a long-time rule punishing people who do not correctly transfer money from one retirement account to another within sixty (60) days of pulling out the money.  Now, the IRS offers some exceptions to this sixty … Continue reading

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The IRS May Have Lost Your Identity

Last month it was discovered that the IRS realized that illegal immigrants stole more than 1 million Social Security Numbers from Americans.  To make matters worse, the IRS knew about the problem five (5) years ago but never told anyone … Continue reading

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That’s Insane! Part Two:

Next up in our series of crazy ways people have legally avoided taxes is Jan Van Dusen, the definition of a crazy cat lady. At one point, Ms. Van Dusen had taken in so many cats that she was caring … Continue reading

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That’s Insane! Part One:

This series will outline some of the most insane ways people have legally avoided paying taxes. Remember, these posts are just to give you a glimpse into the sometimes odd thinking of the US Tax Court, not to give you … Continue reading

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