| Date | Title | Description |
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| Apr 10, 2023 | How Lawsuit Structured Settlements Work And Are Taxed | Judges Or Auctioneer Gavel On The Dollar Cash Background, Top View, Close-Up. Concept For ... [+] Corruption, Bankruptcy, Bail, Crime, Bribing, Fraud, Auction Bidding, Finesgetty |
| Mar 20, 2023 | Fire Victims Wait Years For PG&E & Edison To Settle Then Face IRS Taxes | FILE - A house burns on Platina Road at the Zogg Fire near Ono, Calif., on Sept. 27, 2020. A judge ... [+] ruled on Wednesday, Feb. 1, 2023, that Pacific Gas & Electric must face trial for involuntary manslaughter over its role in the 2... |
| Mar 6, 2023 | In Kobe Bryant Crash Settlement, IRS Taxes And Fees Could Take 90% | Los Angeles, CA, Wednesday, August 24, 2022 - Vanessa Bryant leaves federal court after a jury ... [+] ordered Los Angeles County to pay Bryant, widow of Lakers star Kobe Bryant, and another man $31 million in damages for the graphic photos... |
| Nov 21, 2022 | IRS Form 1099-NEC Means Extra Taxes | Closeup of Form 1099-NEC, Nonemployee Compensation. The IRS has reintroduced Form 1099-NEC as the ... [+] new way to report self-employment income instead of Form 1099-MISC as traditionally had been used.getty |
| Nov 16, 2022 | Seven Reasons To Get A Tax Opinion Before You File With IRS | A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp ... [+] with the Canon EOS 5DSR and the 100mm 2.8 L lens.Getty |
| Nov 9, 2022 | $2.04 Billion Powerball Winner Takes Home $628 Million After Taxes | NEW YORK, US - NOVEMBER 4: The Powerball jackpot reached an estimated $1.6 billion on Friday, making ... [+] it the largest jackpot ever. (Photo by Lokman Vural Elibol/Anadolu Agency via Getty Images)Anadolu Agency via Getty Images |
| Oct 17, 2022 | Worried About Layoffs? Understanding How The IRS Taxes Severance Pay Can Help | Paper with Severance Pay on a tablegetty |
| Aug 30, 2022 | Taxes On $31 Million Kobe Bryant Verdict Make IRS Big Winner | |
| Aug 9, 2022 | Alex Jones Gets $49.3M Tax Write Off, Plaintiffs Have To Pay IRS Tax On Verdict | FILE - In this Aug 3, 2022 file photo, conspiracy theorist Alex Jones attempts to answer questions ... [+] about his emails during trial at the Travis County Courthouse in Austin. An attorney representing two parents who sued Jones over his... |
| Jul 30, 2022 | Winner Of $1.28 Billion Lottery Gets $433.7 Million After Tax | Someone in Illinois bought the winning ticket, and if he or she does like most winners, they will take the lump sum, not the annuity. The $1.28 billion prize, which is the second-largest jackpot in Mega Millions lottery history, can be clai... |
| Jul 28, 2022 | Taxes On $1 Billion Mega Millions Jackpot May Be More Than You Think | The Mega Millions jackpot has risen to $1.1 billion, up from $810 million. With eye-popping numbers, it’s easy to get lottery mania. |
| Jul 18, 2022 | Clint Eastwood Wins Suit Over Fake Advertising, IRS Wins Too | Clint Eastwood (Photo by Alberto E. Rodriguez/Getty Images for CinemaCon) getty |
| May 24, 2022 | Will IRS Tax On Wildfire Settlements Be Blocked By Congress? | Most legal settlements are taxable, even for a devastating fire loss. That grim fact can be an unpleasant surprise to fire victims, and seems particularly unfair. There are federal and California tax bills pending that if passed, could make... |
| May 2, 2022 | Johnny Depp & Amber Heard Have Tax Issues Too | It’s hard to look at the spectacle but curiously hard to look away too. In some ways, it can make you feel lucky that you’re not among the rich and famous. Do they have tax problem, too? Surprisingly, there are some big tax issues at play t... |
| Apr 1, 2022 | Will Smith Oscars Slap Could Have Tax Impact Too | |
| Mar 18, 2022 | April 18 Is Tax Day, Extend But Don’t File Late | The deadline to file 2021 federal taxes for most people is Monday, April 18. You can forget special Covid extensions this year, but why April 18th? It turns out that April 15 is Emancipation Day, a holiday in Washington, D.C. So the IRS is ... |
| Feb 17, 2022 | How To Write Off Legal Fees On Your Taxes | Since 2018, it’s been tougher to deduct legal fees, and some plaintiffs in contingent fee cases are taxed on their gross recoveries, not net after legal fees. Some call it a new tax on legal settlements. Being creative is needed in this new... |
| Jul 24, 2021 | Mario Batali Sex Harassment Settlement: Tax On Victims, Tax Break To Batali | Celebrity Chef Mario Batali and his ex-partner are paying $600,000 for claims of sexual harassment of employees at Batali’s restaurants. Batali and TV food show judge Joe Bastianich’s $600,000 will be divided among at least 20 workers, New ... |
| May 20, 2021 | Colonial Pipeline Paid $4.4 Million In Bitcoin Ransom. Is It Tax Deductible? | On May 19, Colonial acknowledged that it paid $4.4 million worth of bitcoin to the hackers. Well, with bitcoin’s drop, the value might be less now, but the key to taxes is what the value was at the time of payment. In the case of some hacks... |
| Feb 16, 2021 | IRS Taxes Legal Settlements, But Some Are Capital Gain | The IRS taxes most lawsuit settlements, and exact wording matters if you are trying to avoid that grim result. However, a suit about intellectual property might produce capital gain when it settles. So might a case about a landlord tenant d... |
| Jan 22, 2021 | Win $1 Billion Mega Millions Lottery Jackpot, Pay Mega Taxes | The Mega Millions jackpot has risen to a cool $1 billion, according to officials. Winning would be great, but taxes are big too. Lottery winnings are taxed, with the IRS taking taxes of up to 37%. Depending on whether your state taxes lotte... |
| Oct 5, 2020 | With $10M Tax Break Only For C Corporations, Should Your Business Elect S? | 2021 seems likely to hold big tax changes, but how much higher will they go, and on what specifically? First, remember where we are in this wild ride. The massive tax law that took effect in 2018 radically reshaped many aspects of tradition... |
| Sep 28, 2020 | Meet the 'Tax Domme,' the sex worker who prepares other sex workers' income taxes | Lori St. Kitts, the "Tax Domme." Lori St. Kitts
Redeem now
Lori St. Kitts is a Seattle-based tax preparer who's also a sex worker.
She noticed sex workers had questions about filing taxes in an online messaging board.
Now she help... |
| Sep 28, 2020 | IRS Taxes Most Lawsuit Settlements And Exact Wording Matters | If you collect a legal settlement is it taxable? Usually yes, but the tax treatment varies depending on how you were damaged, how the case was resolved, how checks and IRS Forms 1099 were issued and more. Whether you settle your case, win a... |
| Jul 22, 2020 | Plaintiff Wins Roundup Weedkiller Appeal But Faces IRS Taxes | The California Court of Appeals has upheld a whopping verdict against Roundup. In 2018, jurors awarded $289 million to a man they say got cancer from Roundup weedkiller. Plaintiff Dewayne Johnson was awarded $39 million in compensatory dama... |
| Mar 30, 2020 | 12 IRS (Non-Stimulus) Tax Rules You’ll Need This Year | With all the talk about those stimulus checks, tax day delayed from April 15 to July 15, and numerous CARES Act tax questions, it can be easy to lose sight of some basic tax rules to remember each year. When you do think taxes this year, th... |
| Feb 22, 2019 | Jussie Smollett Faces Legal Bills, But Can He Write Them Off His Taxes? | Allegations that Jussie Smollett paid $3,500 to stage his attack, hoping to promote his career have caused considerable controversy already. He is only accused at this point, and there are many takes on the story, which probably doesn't mak... |
| Apr 6, 2018 | How to Mount a Tax Defense for Unreported Crypto Income | Phil Karter, a former Justice Department Tax Division trial lawyer, is currently a partner in the Philadelphia Office of Chamberlain Hrdlicka. Kevin F. Sweeney, a former federal tax prosecutor, is a senior counsel in the same office.
The fo... |
| Apr 10, 2015 | 10 Notorious Tax Cheats: Wesley Snipes Hired Tax Professionals But Still Was Jailed | |
| Feb 21, 2015 | Mayweather v. Pacquiao v. IRS | Floyd Mayweather’s undefeated record is on the line against Manny Pacquiao on May 2 at the MGM Grand Garden Arena in Las Vegas. In my book, Manny Pacquiao has another victory under his belt just by getting this historic fight set. Sure, May... |
| Nov 23, 2014 | Manny Pacquiao Beats Chris Algieri, But Two Tax Fights Loom | Manny Pacquiao has yet another victory under his belt, this one a decisive win over Chris Algieri in Macau, China. Pacman knocked his opponent down six times in the fight. And he achieved the unanimous decision win in the same venue where h... |
| Oct 7, 2014 | Manny Pacquiao Ordered To Explain His Taxes In Court: Is Pacman Now Taxman? | On top of his many boxing titles, including world championships in eight weight classes, Manny Pacquiao is on tap for a possible Senate seat in 2016. First, he has to get his taxes resolved. The Supreme Court of the Philippines ordered the ... |
| Aug 22, 2014 | Manny Pacquiao Lands $75 Million Blow In Tax Evasion Case | You have to hand it to Manny Pacquiao. The versatile and feisty boxer has won world championships in eight weight classes. His dominating win over Timothy Bradley earned him $20 million. With career earnings above $300 million, he’ll need i... |
| Dec 6, 2013 | Bitcoin Grows Up But That Means FBAR Filings | (Photo credit: jurvetson) |
| Oct 5, 2013 | Bitcoin Is Biggest Loser In Silk Road Meltdown---IRS Wins Big | |
| Aug 29, 2013 | U.S. And Swiss Reach Deal On Evaders---More Guilty Pleas Over Offshore Accounts | Prison Could Be Next |
| Feb 13, 2013 | Tax Alamo: California And Texas Compete For Residents | The Alamo (Photo credit: qthrul) |
| Jul 3, 2012 | Can IRS Offshore Account Program Clean Up Domestic Tax Problems Too? | (Photo credit: Wikipedia) |
| Jul 2, 2012 | Taxpayers In Love Couldn't Evade, Says Tax Court (Seriously) | (Image credit: Getty Images via @daylife) |
| Jun 26, 2012 | Can IRS Add Penalties When You Rely On Professionals? | Logo of the Internal Revenue Service (Photo credit: Wikipedia) |
| Jun 5, 2012 | Beware Film And Other Tax Shelter Deals That Go Criminal | Daniel Adams (Image via movies.yahoo.com) |
| May 19, 2012 | British Lawyer Nabbed at JFK For Helping Americans Hide Swiss Accounts | Image via tibetanaltar.com |
