Estate Planning Costs At Least Partly Tax Deductible
Tax Planning Tax Deductible Legal Expense In the few weeks remaining until the deadline to file your tax returns with the IRS, you might be scrambling to find whatever tax deductible expenses you can. In the event that you have met with an Estate Planning attorney within the past year, your legal expenses may be [...]
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Citibank Class Action Challenges “Free” Airline Miles Offer
Class Action Claims Citibank Wrongfully Construes Frequent Flier Miles as Taxable Income A federal class action was filed against Citibank, claiming that the company lured customers into opening new accounts by offering them 40,000 “free” frequent flier miles. Then, however, the class complains, it sent 1099 documents to the federal government, and told the customers [...]
Legal Practice Area Spotlight: Marriage
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 legal document, referred to as a prenuptial agreement, can benefit many [...]
Will Amazon.com Start Charging Sales Tax?
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 Brown signed into law [...]
IRS Program Encourages Tax Dodgers To Come Clean
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 $500 million in [...]
