IRS

Lindsay Lohan is reportedly facing tax liens from the Internal Revenue Service, to whom the actress owes $233,904 in unpaid taxes for 2009 and 2010. Celebrity gossip site TMZ reports that the IRS has seized all of Lohan's bank accounts in an effort to collect the delinquent sum. The IRS often … [Read more...] about IRS seizes Lindsay Lohan’s accounts

The Government Accountability Office recently issued a report in which it detailed the benefits and drawbacks of allowing the Internal Revenue Service to tell credit bureaus about consumers who fail to pay their taxes. An existing law aimed at protecting taxpayer privacy keeps this ability outside … [Read more...] about Congress may allow IRS to report unpaid taxes to credit bureaus

The Internal Revenue Service has announced that individuals who were forced to sell off livestock due to the ongoing drought still affecting Texas and many other states can avoid paying taxes on gains they made from such sales by obtaining new livestock. Farmers and ranchers who qualify for this … [Read more...] about Ranchers get IRS extension on livestock sales after drought

No one likes paying taxes. However, most people are able to tolerate the idea of taxes so long as the organization responsible remains remote and faceless. But when the Internal Revenue Service starts calling you at home, things can become stressful. Indeed, the power of the IRS is formidable, … [Read more...] about Some tips to stay out of tax trouble

As the expression goes, nothing is certain but death and taxes. And though some entertainment celebrities may be able to achieve immortality through their work, not even star power can stand up to the power of the IRS. Take for example, rapper and television personality, Flavor Flav. The IRS has … [Read more...] about Super-sized celebrity tax liens

The Internal Revenue Service is hoping to receive tax payments it is owed, but with the recent creation of its Fresh Start program, it may begin seeing more of those tax debts paid. The Fresh Start program allows people that owe the government back taxes an offer in compromise, but everyone does not … [Read more...] about IRS offers Fresh Start program to those with tax debt