Pamela Anderson’s Bodacious Pair . . . of Tax Liens
I wish I had thought of the headline, but credit goes to The Tax Lawyer’s Blog. The IRS’s tax lien is $1,700,173 and California’s is $252,360.
Marginal Federal Income Tax Rates 1911 – 2003
The Tax Lawyer’s Blog has a table that shows the top marginal tax rates and the income amounts for each rate.
Do You Barter? The IRS Wants Its Cut
Forbes.com: “If Rodney Dangerfield were alive, he might complain that even bartering is in a recession. Yet the Internal Revenue Service thinks otherwise and seems to be paying more attention to taxing barter activity. At least that’s the impression from an e-mail that appeared in my inbox recently. “Do you barter?” queried the headline. Somehow, I knew this e-mail was not about Bart Simpson. In fact, it sounded almost accusatory. No, I actually don’t barter (honest), though I think lots of people out there do. The e-mail was one of a series of regular releases the IRS sends to tax lawyers, accountants and even regular citizens who care to sign up.”
IRS Tells Governator Schwarzenegger It Will Be Back for $79,000 in Taxes
Los Angeles Times: “The Internal Revenue Service has filed a federal tax lien against Gov. Arnold Schwarzenegger for nearly $80,000, public records show.”
For more information, see Tax Girl’s article called “The Governator Blames Tax Lien On ‘Snafu.’“
7 IRS Audit Lessons or How I Learned to Stop Worrying & Love the IRS
Tax Girl was audited by the IRS and she has some advice for people who are audited. “Okay, maybe love is a bit much said. But the whole audit/examination process is over (at least for now, yes, yes, we know that 2008 is coming). It was oddly informative. While I’ve dealt with the IRS tons of times before, including related to audits, there’s still a different feeling on the other side of the table. Here’s what I learned:”