These days, more and more people are freelancing. Of course, freelancers — like everybody else — have to pay tax on their income. However, gig workers enjoy several distinct advantages over regular employees.
Category: Tax News
Tax Fraud By The Numbers: The Trump Timeline
It’s no secret that tax law in the United States is extremely confusing. Even the length of the official tax code is subject to wild speculation; people estimate it to be somewhere between 2,500 pages and four times the length of the complete written works of Shakespeare. As a result of this confusion, many people
Tax Avoidance By The Numbers: The Paradise Papers
Here’s a quick riddle for you: what do Donald Trump’s son-in-law, Shakira, and Queen Elizabeth II have in common? All of them are mentioned in the Paradise Papers! This 1.4-Terabyte treasure trove of financial documents contains details about some of the world’s wealthiest people. The list of hundreds of people whose confidential transactions have been
Small Business Tax Deductions In 2023
Although most small business owners realize that income tax is a necessary evil, they would love to find small business tax deductions and other ways to cut down their tax bill. Fortunately, this is perfectly legal and there are tons of ways to effectively do this!
Deep Dive: Ponzi Schemes, Then and Now
Ponzi schemes will never die, because there will always be people who want the rewards without the work. Here’s what we’ve learned over the last 100 years:
Deep Dive: Recreational Marijuana Tax Revenue in the United States
Reframing the marijuana debate around its merits as a tool for government funding has been extremely helpful for the pro-legalization cause, and it’s led many states to experiment with legalization. But has this actually led to economic growth, and what does this mean for the future of marijuana legalization in the country?
Deep Dive: Celebrity Tax Evasion
Learn about the most interesting cases of celebrity tax evasion and tax fraud, including Wesley Snipes, Martha Stewart, Ja Rule & more!
Deep Dive: IRS Criminal Investigations
Out of all the three-letter agencies that operate in the United States, one agency in particular generates the strongest feelings of paranoia.