Month: July 2015

If You Win the Big Jackpot Expect the IRS to Coming Knocking

Many people from all over the country enjoy gambling. Whether it’s big time poker, playing the slots or betting on sporting events, there are a lot of people who enjoy games of chance and the idea of winning something for

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Clinton Offers Idea of New Tax Credit for Certain Businesses

While democrats and republicans will continue to fight it out over taxes and how to improve our economy, especially during the run-up to the presidential election, the battle generally stays the same. Democrats want to take more money, especially from

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So Just How Did Those Scammers Break Into the IRS Website?

In early June, the IRS announced to the public that it had allowed thieves to steal the private information of thousands of taxpayers. According to those reports, the thieves accessed the information through the IRS’s online “Get Transcript” website and

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You Could Be Paying More Taxes on Your Rhode Island Vacation Home

Many of the world’s wealthy enjoy the luxury of having a vacation home, or perhaps several vacation homes. Some people have homes in a sunny paradise, while others choose mountain locations where they can get away for a great ski

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Which City Has the Nation’s Highest Sales Tax Rate?

Chicago is known as the Windy city and for good reason. However, thanks to a recent vote by Cook County commissioners, where Chicago calls home, it could now be called the tax city. That’s because Chicago, which already had a

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How Much Did California Taxes Affect NBA Free Agency?

The NBA finals are now in the rear view mirror, as is the league’s draft. In fact, the free agency period has largely ended as well, as far as the big-time impact players are concerned. It was an unusual year

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FBAR Penalties Could Be Lessened Under New IRS Guidelines

According to the IRS, “if you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain thresholds, the Bank

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House Pushes Through Internet Tax Ban Bill but Will Senate Agree?

Everyone loves the Internet and most people couldn’t live without it. There are a lot of great things about the Internet; with one of those things being that fact that there are no state and local taxes to use it.

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