IRS sees Ohio University president's house as taxable
An ongoing IRS audit of OU found that McDavis should pay taxes on his free residency at OU. The university's board of trustees thought otherwise, voting last month to cover the “unexpected” cost: about $19,000 in federal, state and local taxes for this ...
IRS to Rubber-Stamp Tax-Exempt Status for Most Charities After Scandal
Amid ongoing controversy over its scrutiny of nonprofits, the Internal Revenue Service has decided it will no longer screen approximately 80% of the organizations seeking tax-exempt charitable status each year, a change that will ease the creation of ...
12 Expenses That Aren't Tax Deductions For Most TaxpayersForbes
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A modern fairy tale playing out in Washington
The new Internal Revenue Service was launched with a very modest tax threshold of $3,000 (about $70,000 today) and most Americans in 1913 did not make enough money to pay any federal income tax. But Pandora's tax box had been opened and the IRS ...
LETTER: Federal government is bloatedCherry Hill Courier Post
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Keep your eye on local taxes, too
Tyler Morning Telegraph
It's important the public remain engaged in the process. While we think of Washington and the IRS when we think of taxes, federal income taxes are only a portion of the total taxes we all pay. If we don't pay attention now, we could be surprised by a ...
12 Expenses That Aren't Tax Deductions For Most Taxpayers
“Can I deduct the cost of taking care of my cat? She's like a member of the family.” Over the course of the year, I've received a bunch of questions – like the one above – about deductions. My answer is often, “It depends.” That's because facts and ...