Image courtesy of user gr8effect on Pixabay.com Here's a look back at the top-5 blog posts, based on page views, on my blog in 2015. This year's most-popular posts were mostly the same as last year: #5: Having a Side Business in Multi-Level Marketing Doesn't Make Personal Expenses Deductible This post came it at [...]
Taxation of emotional distress payments can be tricky. In general, the settlement money is taxable ... but not always.
Does the 5th Amendment Protect You During an Audit? In one word: NO.
PROGRAMMING NOTE: Over the next two weeks, I’ll be re-posting popular blog posts from the past. New material will resume on Monday, January 4th. In 2012 and 2013, I chronicled one taxpayer's identity theft nightmare as she and I tried to get the IRS to resolve her case. That finally happened ... 850 days after it [...]
Canceled debt is generally taxable, but not if you're insolvent.