By TRAVIS REED Associated Press Writer
OCALA, Fla. (AP) _ After haggling with revenue agents, criminal investigators and eventually U.S. prosecutors for almost a decade, Wesley Snipes finally caught them by surprise.
Hours before he was to be sentenced Thursday for failing to file income taxes he insisted he never had to pay, the action star cut [...]

[Read more →]

DETROIT (AP) _ Aretha Franklin could lose her home to tax collectors. The singer says an attorney’s mistake caused her $700,000 mansion in Detroit to slip into foreclosure over $445 in 2005 taxes and late fees.
The Detroit Free Press reports Thursday the Queen of Soul owes a total of $19,192 in back taxes on the [...]

[Read more →]

On a TV talk show on Feb. 3 Sen. Clinton said “going after people’s wages, automatic enrollment’’ may be a way she would pay for her universal health care plan.  The question specifically referred to garnishing a person’s wages and not about a new tax.   In the larger picture whether it is a tax or [...]

[Read more →]

By:  LINDSEY O’NEILL, ESQ
The Georgia couple who just won the $270 Million lottery seem to be the media favorite right now for the nicest couple to ever win the lottery!  With big lottery jackpots like this, many of us wonder just what it would be like to actually win the lottery….  Since this is a [...]

[Read more →]

By:  LINDSEY O’NEILL, ESQ
IRS Publication 936 on “Home Interest Mortgage Deduction” sets forth what expenses a homeonwer can deduct from gross income.  Any interest paid on a loan secured by your home, including a primary home loan, a second mortgage, a line of credit, a home equity loan, or a mortgage for a second home is [...]

[Read more →]

By TRAVIS REED Associated Press Writer
OCALA, Fla. (AP) _ A financial adviser has testified that he warned WesleySnipes that he could get into trouble if he didn’t pay his taxes.
Snipes is on trial on charges of tax fraud, conspiracy and willful failure to file tax returns. He faces up to 16 years in prison.
The 45-year-old [...]

[Read more →]