Tag Archives: tax law

President Barack Obama wants to balance the budget and avoid the “fiscal cliff” by raising taxes on the wealthiest Americans. Today, to play nice with Republicans, the president proposed increasing taxes for people earning $400,000 or more. His original plan raised taxes for those at a cut-off income level of $250,000. Federal Reserve Chairman Ben Bernanke coined the phrase “fiscal cliff.” This term means the harsh economic conditions set to happen, when the Bush-era tax cuts expire on Dec. 31, 2012. …

Lawyers.com readers may have noticed actress Lindsay Lohan keeps getting into trouble with the law. As reported in today’s Lawyers.com news article, “IRS Seizes Lindsay Lohan’s Bank Accounts,” the actor of tiger’s blood fame, Charlie Sheen, reportedly stepped in to help Lindsay pay her debts. With all of Lindsay’s recent troubles, do you feel the “Freaky Friday” actress is being treated fairly, or are police and law enforcement giving her the “Mean Girls” treatment and selectively picking on Lindsay? Take …

Lindsay Lohan had a rude start to December when she learned that the IRS had seized her bank accounts as part of an effort to collect on $233,904 in back taxes she owes from 2009 and 2010. The news comes on the heels of the dual criminal charges filed against Lohan last week in New York and California for her involvement in a nightclub brawl and in a motor vehicle accident, respectively. The “Mean Girls” actress is already on probation …

Facebook to Pay $20M to Settle ‘Sponsored Stories’ Suit Facebook plans to settle a California class action over its use of users’ names and their profile pictures in its Sponsored Stories program for $20 million. The class accused the site of using the names and/or likenesses of users without their permission to promote products and services in violation of California’s state laws. Find Out More…   Prepaid Debit Cards Are Largely Unregulated Prepaid debit cards continue to grow in popularity …

IRS agents, investigating tax-fraud suspect Rashia Wilson, 26, turned up “thousands” of identification numbers in a September home search in Tampa. Wilson had already laid down a challenge in May, when she wrote on Facebook: “I’m Rashia, the queen of IRS tax fraud. (I’m) a millionaire for the record. So if you think that indicting me will be easy, it won’t. I promise you. I won’t do no time, dumb (expletive unpublished).” The search also turned up a handgun, and …