Fraudulent Tax Shelters ? KMPG Goes Down Hard

In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars, but nine of its executives still are under indictment.

Son of Boss Tax Shelters

From 1996 to 2003, KMPG promoted a tax strategy known as the Son of Boss. This shelter was used to create phony tax losses that could be claimed by wealth individuals looking to write off tens of millions of dollars. KMPG promoted the structure despite the fact it's own internal tax attorneys warned the structure was fraudulent and could result in criminal charges. So far, wealthy individuals participating in the scheme have paid over $3.7 billion dollars to the IRS.

There should be no mistaking the impact of the plea agreement in this case. KMPG may have enjoyed the huge fees earned from the scam, but it is paying an incredible price for pursuing this practice. The price paid includes:

1. 456 Million Dollar Fine,

2. Permanently barred from providing tax services to wealthy individuals,

3. Permanently barred from involvement in any pre-packaged tax strategies,

4. Permanently barred from charging a contingency fee for work,

5. All actions monitored by government appointee for three years,

6. Full cooperation with government in indictments of individual KMPG employees.

Remaining Indictments

While KMPG pled guilty, it left its employees out to dry. An interesting maneuver since one can assume KMPG enjoyed the millions of dollars produced from the fraudulent tax shelters. Those under indictment, who are all now former employees, are:

1. Jeffrey Stein, former Deputy Chairman of KPMG, former Vice Chairman of KPMG in charge of Tax and former KPMG tax partner;

2. John Lanning, former Vice Chairman of KPMG in charge of Tax and former KPMG tax partner;

3. Richard Smith, former Vice Chairman of KPMG in charge of Tax, a former leader of KPMG's Washington National Tax and former KPMG tax partner;

4. Jeffrey Eischeid, former head of KPMG's Innovative Strategies group and its Personal Financial Planning Group and former KPMG tax partner;

5. Philip Wiesner, former Partner-In-Charge of KPMG's Washington National Tax office and former KPMG tax partner;

6. John Larson, a former KPMG senior tax manager;

7. Robert Pfaff, a former KPMG tax partner;

8. Mark Watson, a former KPMG tax partner in its Washington National Tax office.

In Closing

In the end, KMPG led clients down a very dangerous path for the apparent purpose of generating revenue. While even bad publicity is supposed to be good publicity, this situation seems to suggest the opposite.

Richard Chapo is with http://www.businesstaxrecovery.com - recovering overpaid taxes for small businesses. Visit our article page - http://www.businesstaxrecovery.com/articles - to read more tax articles.

In The News:

I-T dept exempts about 120 startups from angel tax net  LivemintNew Delhi: The income tax (I-T) department has informed about 120 startups that they are exempt from paying taxes on funds raised from angel investors.
Wanted: A new global tax architecture  BusinessLineTax shopping has led to developing nations losing tax revenues. It's time to impose a minimum alternate tax for MNCs.
It's tax time! Do you know the difference between avoiding and evading taxes?  The Conversation - CanadaIt's tax season. That's why Canadians must pay close attention to the possibility of going from the tax avoidance realm into tax evasion when preparing their tax ...
Taxes From A To Z 2019: J Is For Jackpot  ForbesIt's my annual Taxes from A to Z series! This time, it's Tax Cuts and Jobs Act (TCJA) style. If you're wondering whether you can claim home office expenses or ...
Tax optimiser: Perks, medical cover can help salaried Shah save about Rs 13,000 in tax  Economic TimesInstead of relying on the group health cover provided by your employer, buy a separate health insurance for your family. This will cut your tax significantly.
Tax breaks 2019: 5 accounts that shelter your savings from taxes  USA TODAYHere are 5 key accounts that help lower tax burdens either now or during a life transition, financial experts say.
A Pied-à-Terre Tax Will Bring Revenue New York Needs  The New York TimesA tax on second homes of over $5 million won't solve income inequality, but it could help boost the city's coffers.
Illinois Considers Ditching Its Flat Income Tax  The Wall Street JournalThe governor of Illinois is setting out on a tough sales job: convincing voters to replace the state's flat income-tax rate with a graduated rate that would hit the ...
An Answer to a SALT-y Tax Problem You Didn’t Know You Had  The Wall Street JournalThe U.S. tax overhaul limited the deduction of state and local taxes. Here's what that means for your state tax refund.
How do I file an extension on my taxes?  USA TODAYMost taxpayers have until April 15 to file their taxes. But you can file for a six-month extension if you need more time.
If you hit the $750 million Powerball jackpot, here's your tax bill  CNBCRight off the bat, the IRS would get more than $100 million in taxes. You also could count on owing more at tax time.
Viewpoint | Here's when and how you should file a revised tax return  Moneycontrol.comAfter uploading the revised return, the taxpayer must ensure that the same is verified properly. Tax return filing process remains incomplete till the time the return ...
Fake invoices to evade GST pose a big challenge, tax officials looking at different strategies to curb menace  BusinessLineFaced with the big challenge of tackling fake invoicing in GST regime, tax officials are looking at different strategies to curb this menace and shore up revenue ...
This Short Animation Might Make You Think Twice About Taxes  Bitcoin NewsA Bitcoin Cash (BCH) supporter recently noted that the biggest hindrance to cryptocurrency adoption is tax laws and reporting taxes on digital currency usage.
The Teddy Bear Test, and Other Ways to Pass a State Tax Audit  The New York TimesEvery year around this time, people grumble about their tax bills. This year, taxpayers who lost the deduction for state and local taxes in the 2017 tax overhaul ...
These people won't have their taxes ready by April 15  CNBCIf there was ever a year in which you were likely to ask the IRS for more time, this is probably it. Filers have four more weeks to submit their 2018 tax returns and ...
When is a company considered a startup and what is angel tax?  LivemintAn entity will be considered a startup up to 10 years from the date of its incorporation and registration.An entity will continue to be recognised as a startup if its ...
Faster Tax Cuts Could Be Backfiring on Republicans  The New York TimesWhen President Trump signed a large package of tax cuts into law in 2017, the Internal Revenue *Service* moved to make sure the savings showed up quickly in ...
Canon Law Does Not Bind Income Tax Act; Salary Received By Missionaries/ Nuns Subject To Tax Deduction At Source(TDS) : Madras HC [Read Judgment]  Live LawCourt held that the salaries were received by them in their individual capacity and that the subsequent surrender of their salaries to the religious institutions can ...
Foreign investors to pay higher taxes starting from April 1  LivemintMumbai: Changes in the Sebi listing and prevention of insider-trading regulations, revisions in the double-taxation avoidance agreements (DTAAs) with ...
Double whammy: NJ's taxes keep rising, tax rebates keep falling  New Jersey 101.5 FM RadioA dozen years ago, New Jersey's Homestead benefit program reached what turned out to be its zenith. It doubled in size in one year to over $2.2 billion; its more ...
Money Matters: Help if you cannot pay taxes  69News WFMZ-TVTax time is never fun. Even less so when you owe money for income taxes and don't have it. If you're in that situation, you might be tempted not to even file which ...
Are states getting their fair share of taxes?  LivemintTax devolution to states and union territories will decline to less than 50% of government's budgeted expenditure for 2019-20.This development comes amid ...
Last-minute rush for tax saving? You can look at these ELSS funds  Economic TimesWith just a few days left of the current financial year, many investors would be searching last minute for investment option under Section 80C to save on their ...
How to tax the rich, explained  Vox.comIt's no accident that the Democratic Party went from wanting a 39.6 percent top tax rate to wanting much more.
Tax Law Is Full of Exceptions  Wall Street JournalAn Internal Revenue *Service* official once introduced me to the rule of PUNG. When writing about taxes, he said, make frequent use of the words “probably, ...
Cuomo, Nassau County Officials Propose Permanent Tax Cap  CBS New YorkNEW HYDE PARK, N.Y. (CBSNewYork/AP) — Gov. Andrew Cuomo spoke out Sunday to push making the state's tax cap permanent while surrounded by ...
Income Tax department warns of fake refund mails and messages  Times NowNew Delhi: If you have been receiving income tax refund emails and messages, be careful because some of them might be fake! The income tax department is ...
Trump Tax Reform Hits Home in Wealthy New York Suburbs  BloombergQuint(Bloomberg) -- Nick Boniakowski's clients bought a home in Northern New Jersey in 2016. Now they want to move again. They found a house they liked.
AAP: Tax Sugary Drinks | Medpage Today  MedPage TodayFor the first time, the American Academy of Pediatrics (AAP) is recommending that sugary drinks should be taxed, the group said in a joint policy statement with ...
Proposed tax on sugary drinks will do more harm than good  OCRegisterWhen the California Legislature voted two years ago to increase the gas tax by 12 cents per gallon to fund transportation projects, it triggered a successful recall ...
CBDT gives 90 startups immunity from Angel Tax  Economic TimesIn what will give relief to 90 startups from taxman's questioning their valuation during fund raising rounds and slapping angel tax, the Central Board of Direct ...
How Democrats Want to Tax the Rich  BloombergDemocrats are leading the 2020 presidential campaign with a slew of tax-the-rich proposals, representing a tone change revealing a party moving to the left.
Blow to I-T department’s year-end tax recovery drive  Economic TimesNew Delhi: The income tax department's plans to arm itself with an SC order to boost year-end recoveries have hit a roadblock. The authorities had approached ...
GST Council to issue new tax norms for real estate  LivemintNEW DELHI: Federal indirect tax body the Goods and Services Tax (GST) Council will on Tuesday announce new rules on how far builders can make use of ...
Income tax, statutory claims part of ‘operational debt’  Times of IndiaIndia Business News: Senior lawyers Rajiv Ranjan and Sugam Seth, who had been asked to assist the appellate tribunal, concluded that tax is not related to the ...
Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh cr  Economic TimesNEW DELHI: With fiscal math under pressure due to lower buoyancy in tax collection, the government is eyeing advance tax payment to meet the revised Budget ...
Right now is a 'really hard time' for China to introduce a property tax  CNBCZhang Xin, chief executive of real estate developer Soho China, said on Saturday that the country's economy is too "soft" for a property tax.
Tax queries: Can you claim tax refund on TDS deducted by employer on gratuity?  Economic TimesDilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
6 fixed income investments to help you save tax under section 80C  Economic TimesLong-term debt investments should form a part of every investor's portfolio to maintain stability, especially during economic volatility.
Tax the Rich? Here’s How to Do It (Sensibly)  The New York TimesEveryone, it seems, has ideas about new tax strategies, some more realistic than others. The list of tax revolutionaries is long. The short list includes ...
This just might be the worst tax-filing status to claim  CNBCWhether your spouse has dubious sources of income or you're in the process of a split, there are a few situations in which it makes sense to file separate tax ...
Walters: Are big tax increases coming to California?  The Mercury NewsNewsom and Democrats in the Legislature may need a bigger tax bite to finance their expansionist ambitions.
Illegal immigration taxes: Unauthorized immigrants pay state taxes  Vox.comUndocumented workers paid about $11 billion in state and local taxes, according to a 2017 report by the Institute of Taxation and Economic Policy.
How much tax can you save via tax saving investments, expenditures?  Economic TimesThe amount of tax you can save via tax-saving investments and expenditures depends on the tax bracket you fall in after claiming all the deductions you are ...
Tax And Asset Protection Huckster Causes Big Problems For Taxpayer In Burbach  ForbesThe U.S. Tax Court slams a taxpayers with disallowed deductions and penalties after the taxpayer relied on an unqualified individual for advice and planning.
Why Americans Don’t Cheat on Their Taxes  The AtlanticThe weirdly hopeful story of how the U.S. came to be a leader in tax compliance.
Minneapolis attorney who questioned legality of taxation found guilty of failing to pay his taxes  Star TribuneAttorney William Butler, who once said Jesus consider tax collectors, "sinners," faces up to 5 years prison on each of two counts.
I need to sell my father's cottage – what tax do I pay?  The GuardianQ I recently inherited my father's cottage as sole beneficiary under his will; probate was completed on 7 February 2019. Reluctantly, I have decided to sell the ...
5 Things to Know About Cryptocurrency Taxes Before Tax Season  CryptoGlobeCryptocurrency taxes, in their current state in the US, aren't exactly a walk in the park. Currently, the Internal Revenue *Service's* (IRS) stance on some ...
Powerball jackpot jumps to $625 million. Here's the tax bite if you win  CNBCUncle Sam would shave tens of millions of dollars off the windfall before it even reaches the winner, and more would be due at tax time.
Mangaluru: ICICI Bank opens digital tax collection centre for MCC  Times of IndiaMANGALURU: ICICI Bank in association with Mangaluru City Corporation (MCC) on Wednesday inaugurated digital tax collection centre to facilitate digita.
7 red flags that could trigger an IRS audit of your taxes  USA TODAYNo one wants a visit from the Internal Revenue *Service*. But if you get too generous with your calculations, you may need to back up your tax return.
Taxes 2019: How long should I keep my tax returns?  USA TODAYWhen it comes to tax returns, the rule of thumb is to store those suckers for seven years in case the Internal Revenue *Service* or state government has some ...
"Loose Papers": Tax Department On Bribery Claim Against BS Yeddyurappa  NDTV NewsThe Income Tax Department on Saturday dismissed as a "forgery document" and a "set of loose papers", the ''Yeddyurappa diary'' about alleged bribe payment ...
Want to save tax? Here are top 5 investment schemes that you can consider  Business StandardOnly a few days are left for the tax-saving season to end. Even if you are late, don't invest in haste. A small mistake can cost you dearly in the future.
Where to invest to save tax? From PPF to NPS, top 8 investment options for salaried persons in India  The Financial ExpressHere are top eight investment options that salaried individuals can consider to meet various life goals based on their risk appetite and time horizon.
Trump's tax cuts will boost the US economy for two more years at most, says Nobel Prize winner  CNBCThe United States has been a bright spot among advanced economies, partly thanks to President Donald Trump's $1.5 trillion tax reform. But the boost can't last ...
Why Historians Are Like Tax Collectors  ForbesThe 'point' of history, the role of the historian, has always been a bit uncertain. They're often characterized as just cataloguers of facts but how scholars are now ...
4 important tax benefits of buying a house jointly  Economic TimesBy Homi Mistry Buying a house is a dream for millions of people in India. The government has provided various tax benefits to individuals to encourage them to ...
Foreign students who stay to work in UK pay £3.2bn in taxes – study  The GuardianReport finds highly qualified, non-British graduates do not take jobs from local residents.
GST on realty: Builders can choose between two tax rates on incomplete projects  LivemintNew Delhi: Builders can now choose between two different tax rates in case of incomplete residential projects, the Goods and Services Tax (GST) Council said ...
5 simple tips to save income tax at the eleventh hour  Times NowTax saving is a year-long process and not a last-minute activity. However, if you haven't done the needful yet, here are some easy options to go to without having ...
How to save income tax via medical expenditures under sections 80D, 80DD, 80DDB, 80U  Economic TimesIf you can't afford to pay for health insurance premium or unable to buy one due to pre-existing conditions, then also you can save tax via medical expenditures.
Quick Tip: Beware of 'ghost' tax preparers  WLS-TVTax returns are due soon and the IRS wants you to beware of 'ghost' tax perparers that may threaten your return.
Tax optimiser: How salaried Kamal can save Rs 40,000 tax via perks, NPS  Economic TimesNot only should you ask your employer/company for the NPS benefit, but you should also ask for other tax-free perks like LTA, telephone bill. You can reduce ...
Yes, We Need a Green New Deal. Just Not the One Alexandria Ocasio-Cortez Is Offering.  The New York TimesYes, of course, we need a Green New Deal to address the world's most urgent crisis, global warming. Just, please, not the one that a flotilla of liberal politicians, ...
Suze Orman: If you get a tax refund, you're 'making one of the biggest mistakes out there'  CNBCFinancial expert Suze Orman says that it's not smart to get a tax refund because you're basically giving the government an interest-free loan. Instead, you should ...
If you think your spouse has hidden money secrets, tax returns will show red flags  CNBCFew people would voluntarily overpay the IRS by hundreds of thousands of dollars, but one retired accountant did exactly that in a bid to hide money from his ...
Tax collectors chase rich New Yorkers moving to low-tax states. Auditors inspect cell records, even your dog's vet bills  CNBCThe cat-and-mouse game between state tax collectors and wealthy New Yorkers who are moving to Florida has reached new levels — and gone high tech.
Time for candidates to disclose their tax returns  The Washington PostIt is remarkable, really, that only two of the Democratic presidential candidates have disclosed their tax returns. Given how many are calling for President Trump ...
Tax queries: Annuity received on a periodic basis is taxable as an income under the head ‘Salaries’  Economic TimesDilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
Where you'll pay the most – and least – on state and local taxes in the US  USA TODAYFrom the checkout counter to the 1040 form due every April, what Americans end up paying in taxes depends largely on where they live.
To tax or not? Govt makes last ditch attempt to save India-US trade package  Business StandardLess than a month before the country goes to polls, the government is pushing forward on the proposed India-US trade package to clear pending bilateral issues ...
China economy: Beijing unveils $298bn tax cuts to boost growth  BBC NewsChina's number two leader Li Keqiang has warned the country faces "a tough struggle," as he laid out plans to prop up the world's second-largest economy.
Americans want the wealthy and corporations to pay more taxes, but are elected officials listening?  Brookings InstitutionEconomic inequality is on the rise in the United States and has been for the past 40 years. Prominent Democrats have offered several proposals to curb ...
Philippines to tax foreign online casino workers amid Chinese backlash  Nikkei Asian ReviewMANILA -- The Philippines on Monday said it was fast-tracking a process to tax foreign online casino workers in the country, as President Rodrigo Dute.
Loveland sales tax on groceries: Program to look at arguments against and for it  Loveland Reporter-HeraldAccording to the Center on Budget and Policy Priorities, nearly two-thirds of states exempt most food purchases from sales tax.
How fees and taxes can ruin your retirement  The Globe and MailThe stock market produced big gains in the past and investors dream about retiring on similar returns in the future. But their plans might be ruined because the ...
Treasury rolls out extra relief on tax penalties  CNNAmerican taxpayers who fell short on paying their IOUs to Uncle Sam over the course of 2018 will be getting some more relief from the Internal Revenue *Service*.
Prime Minister Scott Morrison hints he will fast-track tax cuts for millions of Australian workers  Daily MailThe prime minister said he always jumped at an opportunity to give people a break.
Here's How Much Extra Tax 20 Million Social Security Recipients Have to Pay  The Motley FoolSocial Security benefits are vital for tens of millions of Americans. In retirement, Social Security makes up the vast majority of income for many people, and even ...
Salaries of nuns, priests working in schools liable to tax: Madras HC  BusinessLineSays provisions of the I-T Act are areligious and apolitical in nature.
Ghaziabad police seize 100 kg gold; Income Tax department alerted  Times NowGhaziabad: A shocking incident recently came to light when gold worth Rs 35 crore was seized in Kadrabad, Modinagar on Friday. Four people were allegedly ...
A visit to a medical lab or diagnostic centre can help you save tax; here's how  Economic TimesThis is a yearly phenomenon that happens at the end of every financial year. All kinds of financial *service* providers - right from banks to insurers to fund houses ...
Anti-tax Legislature wants to make it harder for county voters to say yes to new taxes  Sarasota Herald-TribuneTALLAHASSEE — Amid complaints that Florida's tax-averse, Republican-led Legislature fails to steer enough cash to local governments, voters in 11 counties ...
Most people want higher taxes on rich to support poor – OECD  The Guardian'Deeply troubling' survey of 21 countries finds 60% believe they are not getting 'fair share'
Spring Clean Your Paperwork: When Can You Toss Your Tax Returns?  Motley FoolShredding your tax documents too soon could land you in trouble with the IRS, but you don't want to hoard paper, either. So which to keep and which to shred?
Federated Farmers Marlborough president slams tax reform as funds for the 'useless'  Stuff.co.nzA regional farming president says tax reforms will use farmers like ATMs to pay for the "useless".
Disabled can claim tax saving deductions up to Rs 1.25 lakh under sections 80DD, 80U  Economic TimesThe Income Tax Act allows deductions from your gross total income, before the levy of tax, if medical expenditure has been incurred on the treatment of a ...
Statutory Dues Of Income Tax, VAT Etc. Are Operational Debts Under IBC : NCLAT [Read Judgment]  Live LawThe National Company Law Appellate Tribunal has held that statutory dues of income tax, value added tax etc. are 'operational debts' under the Insolvency and ...
I-T department, other tax agencies can initiate insolvency: NCLAT  Business StandardThe Income Tax department of the central government, the sales tax department of the state government and other local authorities “who are entitled for dues ...
Primer: All you wanted to know about tax breaks for selling multiple houses  Business StandardBuying and selling properties is part and parcel of any taxpayers life. It is not uncommon to purchase or sell houses either for monetary gains or to move into a ...
Post Office Time Deposit Account: Interest Rate, Income Tax Benefits And Other Details  NDTV NewsPost office time deposit account can be opened in the name of a minor and a joint account can be opened by two adults.
How to avoid last-minute tax planning mistakes  Economic TimesTaxpayers often commit mistakes in a rush to save tax. Here's how to avoid investing errors you might regret later.
ET Wealth Wisdom: Tax-saving 101 for young earners  Economic TimesIn this week's ET Wealth Wisdom podcast, Shambhavi Mehrotra and Tania Kishore Jaleel try to simplify tax saving for young earners.
Guess How Much AOC Owes In Corporate Back Taxes  TownhallDemocrats' favorite progressive, Rep. Alexandria Ocasio-Cortez (D-NY), owes back taxes for a failed business venture. According to the New York Post, ...
Grasim gets interim relief on Rs 5,872 crore dividend tax claim  Economic TimesMUMBAI:The Bombay High Court on Friday granted interim relief to Grasim Industries, the flagship company of the Aditya Birla Group, on a Rs 5,872-crore ...
Four tax and other financial considerations for Americans moving to Canada  The Globe and MailA record number of Americans were looking to leave the United States, with 26 per cent of those polled last year who would like to move looking to Canada as ...
Expat tax is ultimately fair - expert  Fin24The 'hype' created about changes to the SA Income Tax Act relating to exemption of employment income earned abroad, is clouding its fairness, says an expert.

I Havent Filed a Tax Return with IRS in Years, What Do I Do?

In elementary school, kids come up with creative excuses why... Read More

Your IRS Tax Appeal Rights

Are you in the middle of a disagreement with the... Read More

Business Tax Loophole: Leasing Assets To Your Corporation

While there are many equally valid reasons to incorporate, saving... Read More

Reducing Taxes Through Dividend-Salary Mix Calculations

Should I take wages or dividends from my privately owned... Read More

Tax Secrets - How Drew Miles Helped Me

How about a Tax Tip?As we all know Taxes are... Read More

Gambling Income and Expenses - Tax Requirements

Hit a big one? With more and more gambling establishments,... Read More

Fiscal Deity: Tax Consultant

Strategic planning throughout the year results in a minimal tax... Read More

Tax Trap #5 -- Ignoring The IRS (and the 5 best ways to contact them!)

We all love to criticize the IRS, don't we? And... Read More

Understanding Basic Tax Terms

If your like many, you don't always understand what people... Read More

How to Donate Your Car to Charity and Get Tax Deduction

Donating your used car to charity is a win-win situation;... Read More

Tax Jokes and Quotes

Do you realize that some tax forms ask you to... Read More

Tax Tips for Home-Based Business Owners

As tax time approaches, many home-based business owners begin completing... Read More

How Likely Are You To Be Audited?

Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More

IRS Obtains More Than 100 Injunctions Against Tax Scheme Promoters

The IRS has obtained civil injunctions against more than 100... Read More

IRS Offer-in-Compromise, Hype or Hope?

"Settle for Pennies on the Dollar! IRS debts settled for... Read More

Taxation of Isle of Man Companies from April 2006

At the present time a company incorporated in the Isle... Read More

Estate Taxes - It Pays to Plan Ahead

Estate taxes. It's not enough to simply know they exist,... Read More

Taxation of Forgiven Debt: The 1099C & You

Often people fall on hard times and stop paying on... Read More

Slash Tax when Buying a Business

When buying a business, how the "purchase price" is made... Read More

Are You An Innocent Victim of These Popular Myths?

Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More

Tips and Simple Guidelines on How to Calculate Payroll Taxes

Managing a business small, medium or big requires you to... Read More

Tax Tips to Save Money on Taxes - Get the Corporate Kick and Save Loads of Money

Why a Corporation Helps Save You TaxesThe Tax Rates (Notice... Read More

Another Tax Loophole

Just image, you are a small manufacturing company, business has... Read More

IRS Reports Tax Gap of $300 Billion

The Internal Revenue Service is reporting that the difference between... Read More

Tax Deduction for Alimony Payments? - Yes!

Over 50% of marriages end in divorce in the United... Read More