IRS Extends Tax Return Due Dates For Kentucky Storm & Flood Victims

The IRS has announced that Storm victims in parts of Kentucky now have until Nov. 15, 2022, to file various individual and business tax returns and make tax payments. The IRS gives the relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual or public assistance. Currently, individuals and … Read more

Win $1 Billion Mega Millions Jackpot, Pay Extra 13% Tax, Beware Claims

The Mega Millions jackpot has risen to a $1.02 billion, up from $810 million. With eye-popping numbers, it’s easy to get lottery mania. Winning would be great, but taxes are big too. Lottery winnings are taxed, with the IRS taking taxes of up to 37%. Curiously, though, only 24% is withheld and sent directly to … Read more

Clint Eastwood Wins Suit Over Fake Advertising, IRS Wins Too

Clint Eastwood may be 92, but he is still feisty, having won his second lawsuit against online marketers who used his likeness without his permission. His fellow plaintiff was Garrapata, an agency that owns the rights to Eastwood’s name and image outside of movies. The latest verdict awarded Eastwood and Garrapata $2 million in damages. … Read more

Aretha Franklin Estate Settles IRS Tax Claims

Aretha Franklin, the Queen of Soul, died in 2018 without a will. She was one more in a long line of celebrities that are very successful but that neglect how important estate planning can be. Her heirs had to endure public court battles, just one of the unfortunate aspects of a lack of binding documents … Read more

Boris Johnson’s Big Win? Beating IRS

Whether you love him or hate him, UK’s dethroned Prime Minister was sure different. He will be pilloried for a while yet, probably much more pilloried than praised. But anyone who has faced off with America’s powerful IRS might admire him just a little bit. After all, despite being a Brit, he came up against … Read more