Ed note: The contracts of big-time athletes can be mind-boggling. Our tax expert and resident fanatic Mike Slack breaks it down though, looking at what these sports stars are really making and how much goes to the federal government. There are many new faces walking into NFL training camps this week. Of the 256 football […]
One year ago, the U.S. Supreme Court issued a ruling that struck down part of the Defense of Marriage Act (DOMA). The court decided that same-sex couples could not be denied federal benefits. Among other things, the ruling allowed legally married couples to file their federal tax returns as “married filing jointly.” However, things are […]
Ed note: Just because April 15 has passed, doesn’t mean the scammers out there have given up. You may get strange emails or text messages – remember the IRS will never contact you that way – but one of the most persistent this year has been an old fashioned telephone scam. The IRS has issued […]
You may have heard about a security flaw called “the Heartbleed bug” that is affecting various websites. You may also be wondering what it means for people electronically filing tax returns. Here’s what you need to know: Is H&R Block affected by the Heartbleed bug? We have found no risk to client data from this […]
If you haven’t yet, make sure to check out hipstertaxcrisis.com. There’s only a few more days to share the photos and videos, which represent donations we will make to Covenant House. Other news from the IRS and an update in Spanish, all in the video below.
There’s been quite a buzz around Bitcoin as of late. Congress held hearings about the virtual currency last fall and Newsweek claimed to have identified its creator. However, arguably the biggest news came from the IRS today, which announced that virtual currencies will be treated as property for U.S. federal tax purposes. This clears up […]