Taxes, Tax Evasion | featured news

Christie Brinkley vowed to repay the IRS the $500,000 she owes in back taxes.

Ai Weiwei, the dissident artist whose secret detention earlier this year stirred an international outcry, has been given two weeks to pay $2.4 million in back taxes and penalties, he said Tuesday.

Don't try this at home: The IRS has announced its annual list of tax scams to avoid.

Who are the biggest tax cheats in America? Single men under age 45. Sixty-four percent of people who admit to fudging their taxes were single men, and 55 percent were under 45, according to a recent survey by DDB Worldwide Communications Group. The good news: Only 15 percent of Americans admitted to cheating the tax man.

Rapper and actor Ja Rule admitted Tuesday that he failed to pay taxes on more than $3 million in income, and he faces up to three years in prison....

Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program letting them pay taxes with reduced penalties, the government said on Tuesday.

Can the same government that condemns Wikileaks for the disclosure of confidential information also accept information from that organization for the purpose of pursuing legal action? My assumption is “yes”. After all the government has used information from convicted felons to convict others. The government could also wait and let other media outlets, like Forbes, provide the names of the presumed guilty so that they can claim the information did not come directly from Wikileaks.

A former Swiss banker on Monday supplied documents to WikiLeaks that he alleges detail attempts by wealthy business leaders and lawmakers to evade tax payments.

Wesley Snipes arrives at a federal prison in Pennsylvania to begin a three-year sentence for tax evasion.

Actor Wesley Snipes is asking the federal judge who ordered him to report to prison by Dec. 9th, to let him put off the start of his three year sentence on tax charges until Jan. 6th. In an “Emergency Motion To Stay Self Surrender” filed Friday, Snipes argues that as the father of four children, aged 4 to 9, he shouldn’t be forced to turn himself in “in the middle of the holiday season.”