The IRS tells us approximately 70-percent of Americans get a tax refund each year. That refund is usually in the neighborhood of around $2,700. That’s not pocket change but do you ever wonder what you’d do if your refund was say, $20,000? Perhaps you need a new car. Maybe you’d like to take a dream [...]
For you or me, golf may otherwise be known as a good walk spoiled. Whether you’re a 20 handicap duffer or a scratch golfer, you’re probably not thinking about your tax bill when you’re playing. For most people, taxes play no role in the game of golf. But for the professional golfer, taxes can make [...]
The proposed Olympic Tax Elimination Act is a contentious issue, certainly — but it’s important to understand the tax situation from athlete to athlete may vary wildly; not every athlete earns as much as Michael Phelps and therefore would certainly not be returning home to a tax bill quite as hefty.
Averaging $4.2 million in weekly revenue, garage sales add up to serious cash. But if your garage sale is among the 165,000 held every week, do you need to report how much you raked in to the IRS?
As we count down to Friday’s Opening Ceremonies in London, the 2012 Summer Olympic Games are on track to be some of the most expensive in history. Here’s why.
The IRS has seen it all. Here are some of the more interesting arguments people have actually used in court to try to avoid paying taxes.