Play Slots, Pay Taxes: The IRS Wants a Piece of More Jackpots
By BEN STEVERMAN at AccountingToday Published: WASHINGTON, D.C. (June 9, 2015) (Bloomberg) Nothing kills the thrill of a big-money win at the casino quite like a tax form — and soon the grasp of the taxman could be felt before the jackpot celebration stops at a lucky slot machine. By law, gamblers must pay taxes on every dollar […]
IRS Detects Massive Data Breach in ‘Get Transcript’ Application
By MICHAEL COHN at AccountingToday Published: WASHINGTON, D.C. (MAY 26, 2015) The Internal Revenue Service warned of a huge data breach of its online Get Transcript application that allowed the tax returns of approximately 104,000 taxpayers to be accessed by identity thieves. The IRS said Tuesday that criminals used taxpayer-specific data acquired from non-IRS sources […]
IRS Can Help When Starting a Small Business
If you are opening a new business this summer, the IRS has some basic federal tax information to help you get started. Here are some things to consider when starting a business: – Type of Business – One of the first decisions you need to make is what type of business you are going to […]
Our Ridiculous Approach to Retirement
By TERESA GHILARDUCCI Published: July 21, 2012, New York Times I WORK on retirement policy, so friends often want to talk about their own retirement plans and prospects. While I am happy to have these conversations, my friends usually walk away feeling worse — for good reason. Seventy-five percent of Americans nearing retirement age in […]
The Road Ahead for ObamaCare: A Guide
Now that President Obama’s health-care law has survived review by the U.S. Supreme Court, what will it actually do? posted on July 13, 2012, at 10:40 AM, TheWeek.com Thanks to ObamaCare, starting in 2014, uninsured people who don’t qualify for Medicaid will have to get insurance or pay a tax penalty. What is the purpose […]
