Tax Helpers Blog
Rapper Chris Brown Facing Four Million Dollar Tax Bill
According to TMZ, Chris Brown was recently the recipient of a staggering $4 million tax bill. Almost any tax professional...
Rich LA Property Owners Scramble to Avoid New Tax
Affluent homeowners in Los Angeles are already searching for ways to avoid a new property sales tax. Several weeks ago, LA...
Bigger Tax Bills and Lower Refunds on the Horizon for Many Taxpayers Next Year
Tax lawyers in San Jose, and other experts, have determined that a larger tax bill or a smaller refund will likely be on...
IRS Warns US Tax Filers About the New $600 Reporting Threshold for Cash Apps
Tax lawyers in San Jose are reiterating that this year, any transaction exceeding $600 that taxpayers receive through Cash...
Federal Prison Awaits Reality Stars Todd and Julie Chrisley
Accused of both tax fraud and procuring fraudulent loans, Todd and Julie Chrisley now face 19 years of combined jail time. ...
FTX Investor Sues Tom Brady and Other Celebrities
Far-reaching fallout has come as a result of the massive implosion of FTX, a crypto giant. The now-bankrupt platform was...
Four Smart Moves to Make After Winning Powerball
Last week, lottery officials announced that a single winning Powerball ticket for over $2 billion was sold in Altadena,...
Inflation Leads to Higher Tax Brackets and 7% Standard Deduction Increase
According to an Internal Revenue Service tax attorney, the IRS has adjusted its key Internal Revenue Code (“IRC”)...
Tax Evasion Trial Awaits Music Star Shakira
Attorneys who specialize in tax fraud have been following a story about Colombian music star Shakira. The singer allegedly...
Vallejo Tax Preparer Faces Possible Six-Figure Fine and Three Years in Prison
A tax preparer in Vallejo has struck a plea deal in federal court this week, pleading guilty to a variety of charges,...
President Biden Announces $900 Million Investment in EV Charging Stations
In a speech made in Detroit on Wednesday, President Biden announced the approval of $900 million for charging stations for...
Bar Set High for New Electric Vehicle Tax Credits
For most people, tax planning involves taking advantage of tax credits whenever possible. A new bill, recently signed into...
Estimate Predicts 10.5% Cost-of-Living Adjustment for Social Security Recipients
Because of the past few years’ skyrocketing inflation rates, those who draw Social Security are in line to receive a...
Shakira Refuses Plea Deal for Tax Fraud
Colombian pop singer Shakira has refused to accept the deal offered to her by Spanish prosecutors regarding tax fraud. The...
IRS Crushed by Tax Return Backlog as Pileup Surpasses 21 Million
The ongoing backlog at the Internal Revenue Service has continued to balloon over the past year, in spite of its efforts to...
Horse Seized by IRS Sold Back to Owner for a Fraction of Its Worth
A tax attorney in Walnut Creek has discovered that the US Government has recently sold a show jumping horse back to its...
IRS Increases Mileage Deduction Due to Skyrocketing Fuel Prices
In a rare, generous move, the Internal Revenue Service has increased a mileage deduction to offset fuel costs. Tax...
Crackdown on Lost Cryptocurrency Revenue Underway
A crypto tax attorney would probably be the first to tell you that a crackdown is underway by the Internal Revenue Service....
Avoid These Two Common Crypto Mistakes on Your Taxes
It would not be uncommon to hear tax attorneys in San Jose discussing the fact that 2022 will be the first year many...
Study Shows 57% of US Households Owed No Federal Income Tax in 2021
In 2021, more than 50 percent of American households paid zero income tax to the Internal Revenue Service. According to a...
The 2022 IRS Crisis and What You Need to Know
A chaotic tax filing season may be on the horizon. On Wednesday, in a detailed report given to Congress, the National...
Why Is Tax Filing So Expensive for Americans?
Virtually any tax-planning professional would agree that filing taxes in the United States is both expensive and...
When can I file my 2021 Tax Returns?
IRS Offers Alternate Timeline for Filing 2021 Tax Returns Monday, the Internal Revenue Service indicated that it would...
Elon Musk Tweets His $11 Billion Tax Bill to “Anyone Who’s Wondering”
Tax attorneys in San Jose have been following stories about Elon Musk, CEO of Tesla Motors, and the selling of his Tesla...
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