Author name: anckrdev

Those who like to try their luck at slot machines, as well as the gaming industry as a whole, received something of an early gift during the holiday season courtesy of the Internal Revenue Service. That’s because the newly published regulations governing the gaming industry ended up omitting incredibly unpopular proposals relating to both slot […]

An entertainer in Branson, Missouri, has been sentenced to five years’ probation on charges of tax evasion. In addition, the star of “Six” has been ordered to pay over $200,000. In federal court in April 2016, the man pleaded guilty to charges of willful failure to file a return or supply information and attempting to

Filing taxes can be a time-consuming process and can have the potential to be a source of a fair amount of stress. So, the upcoming tax season is something that may fill some with a small measure of dread. Now, in this time right before tax season starts in earnest, there are things taxpayers can

Among the deductions individuals can claim on their taxes are deductions for automobile operating costs related to certain activities. Among the car travel a driver might be able to deduct such costs in relation to are: travel related to service to charities, travel for moving purposes, travel for medical purposes and business travel. Now, what

The main way people pay their taxes over the course of the year is through having a portion of their wages withheld. However, this is not the only method for during-the-year tax payments. Another major type are estimated taxes. Estimated taxes are tax payments individuals make to the Internal Revenue Service during the course of

Wages aren’t the only thing a worker can get from their employer. For example, they may also receive certain fringe benefits in connection to their job. How are such benefits treated for tax purposes? Well, fringe benefits generally are taxable income. Thus, they typically are required to be reported as pay by the employer and

The IRS’s Fast Track Settlement program has been highly successful at resolving tax disputes that arise as the result of an audit. In that program, a mediator from the IRS’s appeals division facilitates the resolution of the dispute in a process where all stakeholders are represented. The mediator has the authority of the appeals division,

There are certain frustrating things a taxpayer could encounter in their efforts to resolve a tax debt. Among these are Internal Revenue Service processing problems and delays in relation to a resolution option they are pursuing. One tax debt resolution option a taxpayer may be able to apply for with the IRS is an offer

Tax evasion allegations could come up in relation to a range of different things. This includes certain uses of virtual currencies (like bitcoin). There are concerns that certain aspects of virtual currencies, like the fact that transactions involving this new type of currency tend to involve anonymous parties, could create avenues for illegal tax avoidance.