Lawinfo Weblog » Tax Law

Legal Practice Area Spotlight: Marriage

Caitlyn Obolsky, Esq. — Tue, 11 Oct 2011 15:50:05 +0000

There’s More to Marriage under the Law than Divorce

Although the events surrounding legal separation or divorce involve potentially complicated legal issues, and equally complicated emotional and financial situations, legal issues regarding marriage arise even when divorce never comes into the picture.

For example, the commonly known [...]

Will Amazon.com Start Charging Sales Tax?

Caitlyn Obolsky, Esq. — Tue, 27 Sep 2011 16:22:10 +0000

Amazon.com will have to charge customers sales tax

Amazon.com is well-known for its vast array of consumer goods, available at the click of a mouse, and also for the fact that it does not charge sales tax. The latter has recently been the subject of discussion by lawmakers in California. Governor [...]

IRS Program Encourages Tax Dodgers To Come Clean

Justin Witzmann — Fri, 16 Sep 2011 15:41:28 +0000

According to yahoo news, around 12,000 tax evaders have admitted to their cheating ways. This is because they were offered leniency in the form of reduced penalties and zero jail time if they voluntarily disclosed hidden offshore funds and assets to the Internal Revenue Service.

Thus far these hidden funds have amounted to [...]

1,400 American Millionaires Paid $0 in Income Taxes for 2009

Caitlyn Obolsky, Esq. — Tue, 06 Sep 2011 15:40:59 +0000

The IRS recently released a detailed report (entitled Individual Income Tax Reports Publication 1304 (Complete Report)) with detailed information regarding the reported income taxes for Americans.

According to the report, due to falling incomes, increasing unemployment claims, and a generally bleak economic outlook for some, the number of Americans [...]

Legal Implications of the Defense of Marriage Act on Gay Marriage

Caitlyn Obolsky, Esq. — Mon, 25 Jul 2011 15:38:43 +0000

Gay Marriage: Separate but Equal?

This weekend gay couples were wed by the hundreds.New York is the sixth state to legalize gay marriage. However, gay couples still face a litany of legal issues so long as The Defense of Marriage Act (“DOMA”), remains in place.

Among other provisions, DOMA recognizes marriage as [...]

Roni Deutch, Tax Lady, Declares She’s Broke

Mark Sweet, Esq — Fri, 13 May 2011 15:32:13 +0000

Most people have seen her on television, the attorney willing to help you with your tax problems. However today, Roni Deutch has closed her law firm after 20 years. With her law firm suffering from $10million of debt and personal debt of $5 million as well as investigation by the California Attorney General for swindling [...]

How Do Tax Write Offs Work And Should You Be Able To Write Off Money Given To A Charity In Another Person’s Name?

Mark Sweet, Esq — Wed, 30 Mar 2011 16:51:58 +0000

While watching last week’s Undercover Boss, I was struck with a thought, when a company donates money in the employee’s name, who gets the tax write-off? Traditionally, you “may deduct charitable contributions of money or property made to qualified organizations if you itemize your deductions.” (IRS Publication 78). This means you can donate money, clothes, [...]

Weird, Illegal And Sometimes Stupid Attempts At Tax Deductions

Mark Sweet, Esq — Wed, 02 Mar 2011 17:20:30 +0000

As tax season approaches, some people become desperate to find tax deductions in order to limit their tax bill. CNN reports that a lawyer from New York tried to deduct a prostitute’s “services” as medical expenses. In all, he attempted to deduct $65,934 for the prostitute and almost $5,000 for pornography and [...]

How Much Will You Actually Pay In Taxes?

Mark Sweet, Esq — Tue, 22 Feb 2011 17:55:01 +0000

The date your taxes are due have been pushed back a few days, but you will still have to pay Uncle Sam. For many, trying to figure out their taxes is either:

a) incredibly frustrating trying to figure out which forms to use

b) expensive because they need to use a tax preparation service

c) [...]

It’s Tax Time! File and pay…. or file for an extension (and pay).

Lindsey O'Neil, Esq. — Wed, 14 Apr 2010 17:53:36 +0000

By: LINDSEY O’NEILL, ESQ.

With many of us still reeling in the low performing economy, tax time has come all too soon this year. Reports are indicating that many more people are filing extensions of time to file their tax returns this year. However, it may be a common misconception that filing an extension also [...]