Chicago (January 21, 2011) By Michael Cohn accountingtoday.com Oprah Winfrey told Piers Morgan that the most difficult check she has to write each year is for the Internal Revenue Service, and she usually needs some tequila from her accountants when she signs it. Winfrey admitted to Morgan during the debut episode Monday evening of the [...]

Supermodel and host of the reality television hit Project Runway, Heidi Klum is going into the advice business. Klum plans on sharing her insights on fashion, beauty, parenting and relationships with her fans. Klum is married to pop singer Seal, and from all reports, the two have a strong and loving relationship. It’ll be interesting [...]

Reading this article can leave the typical taxpayer feeling a little nervous. If you’ve already had trouble with the IRS, or are currently trying to resolve tax problems, that article, which charts the dramatic increase in IRS tax liens, might make you very nervous indeed! The IRS Is Stepping Up Tax Enforcement Efforts Earlier this [...]

Nothing in this world is certain but death and taxes – and nothing can strike fear into the average person’s heart like a federal tax lien notice! A federal tax lien is a tool the IRS uses to collect outstanding tax debt. A federal tax lien gives the IRS claim to your property; after some [...]

Audit Appeals Once you receive the results of an IRS audit – which generally includes a large bill that you have to pay – you have three options.  You can pay the bill, request an informal review with the auditor’s group manager, or file a formal request for appeal. If you went through the initial [...]

It’s that time of year again, when newspapers and websites are full of information about what you need to do to get ready for the upcoming tax season.  There’s lots of websites that offer free tax preparation, agencies that coordinate volunteer tax preparers and do-it-yourself guides that promise to reduce even the most complex return [...]

Posted by Robert Snell (The Detroit News) on Mon, Jan 3, 2011 at 11:33 AM “Little Fockers” star Teri Polo has the country’s top-grossing comedy and a doozy of a tax debt. According to public records, she owes more than $458,000 in delinquent federal taxes. The 41-year-old Delaware native has starred alongside Robert De Niro and [...]

Washington, D.C. (January 3, 2011) By Michael Cohn from accountingtoday.com Significant problems remain with efforts by the Internal Revenue Service to identify and prevent tax refund fraud by prisoners after the passage of a 2008 law aimed at curbing such issues, according to a new government report. The report, by the Treasury Inspector General for [...]