LeBron James Avoids Taxes and Joins the Heat in Miami July 09, 2010
Last night, sports fans across the country tuned in to ESPN at 9 P.M. to witness the much-anticipated decision of what city NBA icon LeBron James would soon call home. At 25, James has already accomplished what few Americans will in their lifetime bringing in $68 million in NBA income, a number that fades in comparison to the $200 million he has earned in endorsement deals. In the end, it came down to the final five: the Cleveland Cavaliers, the Chicago Bulls, the Miami Heat, the New York Knicks, and the New Jersey Nets. Crowded sports bars and crowds were silenced as LeBron James announced that he would now be proudly playing alongside Dwyane Wade and Chris Bosh for the Miami Heat.
Foul Play: Top Athletes with Tax Problems July 02, 2010
While these top athletes may be known for their speed, strength and coordination, honesty is certainly not one of their finest qualities as they have all faced serious run-ins with the IRS. Despite the millions that these stars bring in each year, they could not outrun the IRS and were caught red-handed with some of the largest tax evasion bills.
The Truth About Tax Payment Plans June 23, 2010
If you are not capable of paying your unpaid taxes to the IRS in one payment, the IRS offers several tax payment plans or Installment Agreements in order to help you pay off taxes without serious financial hardship. When considering an Installment Agreement, it is important to be aware of a few things associated with them.
Tax Tips for the Self-Employed June 15, 2010
There are many perks associated with being self-employed; however, dealing with your taxes is not often considered to be one of them.
4 Options If You Can’t Pay Your Taxes May 28, 2010
Not being able to pay your taxes is likely not as bad as you think it is. Everyone has heard the stories of the IRS taking homes, cars, boats, and other things that devastate people’s lives. The truth is, the IRS is very willing to work with taxpayers that are having financial problems. The IRS will only pursue harsh collection actions if they have exhausted all other options and feel they are working with an taxpayer that is not willing to work with them. One important thing to realize when picking a method to pursue is that the IRS will analyze your financial situation and will not allow you a method that is meant for people in worst of situations than your own. Below are 4 common methods used by taxpayers depending upon their tax and financial situations.
