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TaxGirl

Years ago, I found myself sitting in law school in Moot Court wearing an oversized itchy blue suit. It was a horrible experience. In a desperate attempt to avoid anything like that in the future, I enrolled in a tax course. I loved it. I signed up for another. Before I knew it, in addition to my JD, I earned an LL.M Taxation. While at law school, I interned at the estates attorney division of the IRS. At IRS, I participated in the review and audit of federal estate tax returns. At one such audit, opposing counsel read my report, looked at his file and said, "Gentlemen, she’s exactly right." I nearly fainted. It was a short jump from there to practicing, teaching, writing and breathing tax. Just like that, Taxgirl® was born.

Congressman Questions Why Billion Dollar Fund Hasn’t Paid A Penny To Madoff Victims

Financier Bernard Madoff arrives at Manhattan Federal court on March 12, 2009 in New York City. (Photo by Stephen Chernin/Getty Images)

Nearly ten years after the discovery of a massive fraud scheme orchestrated by Bernie Madoff – and five years after the Department of Justice created a compensation fund to deal with the aftermath – Congressman Vern Buchanan (R-FL) claims that Madoff’s victims “have not received a penny” of relief.… Read more

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IRS Warns On ‘New Twist’ To Old Phone Scams

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Just because it’s summer doesn’t mean that scammers are taking a break. The Internal Revenue Service (IRS) has issued a warning about a new telephone scam.

In the scam, callers posing as IRS representatives advise potential victims that two certified letters were sent to the taxpayer in the mail but were returned as undeliverable.… Read more

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6 Smart Tax Moves To Protect Your Small Business

Forbes Investment Guide

Interested in using an S corp to cut your payroll taxes? Here are some smart moves to protect yourself from the IRS:

  • Make sure all payments are made to your corporation, not to you personally, and that contracts for work specify your corporation is the provider.
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Shrink Your Small Biz Salary And Your Tax Bill

Investment Guide

It’s natural to measure success by the size of your paycheck. If you own a business or are self-employed, get over it. You might be able to save tens of thousands of dollars in taxes by cutting your salary.

Newt Gingrich and John Edwards famously used this strategy, and it appears President Donald Trump did too.… Read more

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Massachusetts Sued Before New Internet Sales Tax Rules Take Effect

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With just over two weeks before a new regulation in Massachusetts was slated to take effect, the measure has hit a roadblock. NetChoice, a trade association of Internet companies and organizations, and American Catalog Mailers Association (“ACMA”), a trade association representing the interests of companies, individuals, and organizations engaged in and supporting catalog marketing, have filed suit to stop the commonwealth from requiring out-of-state online retailers to collect sales taxes.… Read more

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