Month: May 2015

Obama Administration Looking to Make Art Collectors pay

Just last week we discussed how investors could save a lot of money on taxes from selling expensive collectibles like art. Well now it appears that the Obama Administration is apparently looking to put a stop to this particular tax

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Tax Fraud Getting More Advanced – Are You Prepared?

It used to be that tax fraud was fairly cut and dry. Essentially, it involved an individual or company who, for various reasons, tried to purposely fudge on their taxes, either by understating their income or by trying to completely

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How To Avoid Taxes on Income From Selling Expensive Art?

Are you a collector of rare and expensive art? Are you tired of getting hit with high tax bills every time you sell one of your pieces? Anyone who deals with extremely value collectibles like artwork knows how expensive these

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Is Your 2015 Tax Plan Ready?

How did your 2014 tax season go? Was it a success, or did it lack something to be desired? Did you get a nice return, or did you end up owing the IRS more than you expected? Did you make

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Why Are the Ultra-Wealthy So Good at Avoiding Taxes?

While many in the media, as well many lawmakers on the left, would have you believe that the nation’s wealthiest individuals are really good at skipping out on their taxes and that they don’t pay their fair share, the fact

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IRS Blames Budget Cuts for Smaller Workforce, Poorer Customer Service

If you had any less than desirable experiences with the IRS this year then you’re probably not alone. That’s because the top tax agency continues to be plagued by complaints of poor customer service and a general lack of assistance.

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