When will there be a tax revolt?

This country was founded because some thug wanted to impose a minimal excise tax on sugar. So why is it so hard to believe that some day, after witnessing a hyper – regulated IRS, and seeing targets on political opponents, that this country can’t rise up again and overthrow this tyranny? After …

Dismissal of Rand Paul’s lawsuit

Not too many surprises here. A federal court decides no meaningful limits to federal power and ratifies one of the worst laws of all time. Here with a claim those negatively affected by the Foreign Account Reporting Act (FATCA) must be imagining it all. Huh. Seems like a factual determination …

IRS scams continue

The Treasury Inspector General for Tax Administration announced they have received reports of roughly 896,000 phone scam contacts since October 2013 and have become aware of over 5,000 victims who have collectively paid over $26.5 million as a result of the scams.

Common FBAR errors

The FBAR form is a reporting requirement for certain foreign financial accounts. The penalties for failing to file an FBAR are no joke. The IRS can apply a $10,000 penalty for each non-willful violation of the filing requirement.

How to manage your lottery winnings

So you won! Your first thought is, most likely, “Should I take the lump sum or the annuity payments!?” While this is important (and we’ll get into more details about that question below), there are other critical …