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September 2013 Archives

IRS audits to be on hold if government shuts down

It doesn't seem to matter which side of the aisle one sits on in Congress, or at what spot on the political spectrum a lawmaker stands; no one is coming out and saying they support the idea of a government shutdown. And yet, the prospects of avoiding such an event horizon don't seem very likely. The deadline is approaching.

Beanie Babies creator expected to plead guilty to tax evasion

Back in the 1990s, the Beanie Baby craze swept the world. By some estimates the popularity of the under-stuffed bean-bag animals represents the epitome of a marketing strategy based on the concept of controlling a fad and thus increasing the value of the product.  

Automatic gratuities may go way of dinosaur under new IRS rule

Tipping is one of those interesting cultural things that can be hard to understand. Someone who has never worked as a wait person may be at a loss to appreciate what a hot button issue it can be. They may be equally at a loss to understand why a new rule by the Internal Revenue Service on the subject has recently made headlines. But news it is here in the Maryland and Washington, D.C., area and across the nation.

Deal lifts 'secrecy veil' on Americans' holdings in Swiss banks

Switzerland has long stood as the icon of banking confidentiality. As we've written about often in recent months, the United States has been particularly aggressive about going after Swiss banks in an effort to uncover unreported (and therefore untaxed) cash held by Americans.

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Frost & Associates, Attorneys at Law
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