Month: June 2017

Seattle Income Tax: Yea or Nay?

Earlier this month, the Seattle City Council unanimously voted to approve a city income tax, affecting those considered to be "high earners"--meaning individual income over $250,000 a year, or joint income over $500,000 a year. Only 15 minutes after Mayor Ed Murray...

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Seattle Soda Tax Approved

Did your summer just get a little less refreshing? If you're a soda sipper, that may be the case. On June 5, the Seattle City Council approved a tax on soda, energy drinks, and other sugary beverages (though diet drinks get a pass). The tax will take effect in early...

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Proposed Changes Under Donald Trump’s Tax Plan

The Trump Administration is proposing a huge overhaul of the way Americans pay taxes. If successful, items on the new tax bill would have far-reaching repercussions for taxpayers and the government alike, cutting down an estimated $9.5 trillion over its first decade...

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Your Passport Can Now Be Revoked For Tax Debt

Last May, I posted that the IRS would be getting ready to revoke or deny passports to individuals with delinquent tax debt. Now, as of February 6, 2017, "IRC § 7345 authorizes the IRS to certify that to the State Department. The department generally will not issue or...

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IRS Funnies – Hindsight is 2020?

Sometimes the IRS is just too cryptic even for me. Check out this letter I received, below, saying that the IRS couldn't find a tax return--then take a look at the filing date. I'd have a hard time finding it too! (Click letter to enlarge.) Then there's this next...

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Scammers Charged – The Story Continues

From NPR comes an update on the scam that defrauded "at least 15,000 people of more than $300 million." Earlier this month, 70 people in India were arrested for participating in a fraud scheme that involved calling American taxpayers, informing them that they owed...

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Update: Phone Scam Perpetrators CAUGHT!

In a previous post, I warned people about one of many tax-related scams, in which callers pretending to be from the IRS demanded payment for debt owed. Taxpayers were threatened with lawsuits and arrest if they did not comply. (The IRS will NOT call you with this type...

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Taxman on the Radio

Last Friday I was a guest on Mike Adams' radio show, "About Money," aired on Business Radio 1300, KKOL. I spoke about my background and experience with the IRS, and informed the listeners on: Which tax returns are likely to be audited How the IRS "scores" your tax...

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