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10 Celebrities Convicted of Tax Evasion

Despite tax evasion being a serious crime that can bring steep penalties and even jail time, there are still those who try to avoid paying their taxes. As we finish up our own taxes this tax season, here are 10 high-profile tax evasion cases that are a reminder of what can happen when you don’t pay your taxes—even to the rich and famous. more...

Geoffrey O’Brian - Apr 2011 - Celebrity Lawsuits
How to Avoid a Tax Audit

Thinking about writing off that "business expense"? You may want to think again. Learn which tax breaks to use, and which ones to use with caution. more...

Bilal Kaiser - Apr 2010 - Business Taxes
Rock 'n Roll Tax Deductions

October marks the 25th anniversary of the Rock and Roll Hall of Fame & Museum. In addition to recognizing contributions that rock 'n roll legends from Chuck Berry to Janis Joplin and The Clash have made to the genre, it's also a repository of rock 'n roll memorabilia. Some of that memorabilia is on temporary loan (Janis Joplin's psychedelic Porsche for one), while others, including Johnny Cash's tour bus have been donated to the museum.

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Heleigh Bostwick - Oct 2009 - Other Tax Topics
Strange Tax Deductions for 2008

Trying to wring every last penny out of your tax return this year? You're not the only one. Take a look at some of the odd deductions the IRS has seen in the past. more...

Katherine Butler - Apr 2009 - Other Tax Topics
Duty-free: Why is it only available to overseas travelers?

Duty-free retail is big business. According to the Duty Free World Council, sales of duty-free goods top $20 billion U.S. dollars annually. And it's no wonder. Shopping duty-free can be a welcome relief from airport stress and boredom. But U.S. travelers should take caution. What you buy in duty-free shops abroad might not be tax free when you get home. more...

Amanda Howe - Sep 2008 - Lifestyle
Strange-But-True Tax Deductions

The Internal Revenue Service continues to grant tax breaks to business owners for their expenses while entertaining clients. Half of those costs are deductible as long as they are not lavish or extravagant and are ordinary and necessary to the promotion of your business. This seems to be a straightforward enough. more...

Monica Sanders - Apr 2008 - Other Tax Topics
What constitutes a church under federal laws?

Have you ever sat in church listening to the sermon and wondering what constitutes a church? Probably not. But the question is a valid one-at least from the perspective of the federal government, and on occasion, other entities. Why? Primarily because churches are granted tax-exempt status under the law. more...

Heleigh Bostwick - Dec 2007 - Other Tax Topics
Top Ten Strangest Tax Write-Offs

Throughout the year, many taxpayers keep receipts of charitable donations, business expenses, and even vehicle mileage, for a lucrative tax write-off in April. However, many Americans may not realize that, in certain situations, breeding animals, breast augmentation, and even body can equate to a tax write-off. more...

Stephanie Paul - Apr 2007 - Other Tax Topics
The National Sales Tax: Fair or Not?

With grassroots support for the federal sales tax growing across the nation, it seems the proposed tax might well become reality. But what would replacing the federal income tax code with a national sales tax really mean for Americans? Would it be a boon for the economy, or as catastrophic as the critics claim? more...

Mariah Wojdacz - Other Tax Topics