10 Stars Who Ran Into Tax Trouble With The IRS

What happens if you do not pay your taxes? Fines, liens, confiscations, and perhaps even jail time are in your future. The IRS even puts stars behind bars. Here are ten examples of celebs who came under scrutiny of the Internal Revenue Service; some wound up locked up. 1. Ja Rule – In 2011, the…
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Major Corporations Pay Zero Taxes

How much will you be paying in federal income taxes this year? According to data from 2013, the average individual American tax bill was over $8,500 — yet there are large corporations making millions of dollars in profit and paying no income taxes. According to USA Today, 27 large corporations in the S&P 500 reported…
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IRS Unveils “Dirty Dozen” List Of Scams For 2016

The Dirty Dozen — a 1967 war movie starring Lee Marvin, Charles Bronson, and Jim Brown, or a list of the top twelve tax scams as identified by the Internal Revenue Service? Would you believe that it’s both? Each year, the IRS releases a list of the “Dirty Dozen” tax scams to watch out for…
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Which States Have The Lowest Inheritance Tax Rates?

Does your ability to pass on your wealth to your heirs depend on where you live … and die? Indeed it does. Federal estate taxes apply no matter where you live within the U.S., but eighteen states subject their citizens to estate taxes or inheritance taxes. The difference between the two is that estate taxes…
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IRS Penalties For Paying Taxes Late

Examples of really bad ideas: Forgetting your spouse’s birthday or your anniversary, do-it-yourself brain surgery, and forgetting to file your federal tax return or pay your federal taxes. You may be short on the cash to pay your taxes, but there are better ways to address your tax problem than avoiding it entirely. The IRS…
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