IRS To Add 87,000 New Agents, More Crypto Tax Enforcement

It’s no secret that the IRS is after crypto tax dollars and after fans of crypto who don’t report or who don’t do it correctly. The Inflation Reduction Act, which passed the Senate on Sunday, raises taxes and will give the IRS billions to go into what the Wall Street Journal called “beast mode.” In … Read more

IRS Has Guns, Inflation Reduction Act Will Unleash Tough IRS On Taxes

The Schumer-Manchin tax bill, the ‘Inflation Reduction Act’ which just passed the Senate, raises taxes and will give the IRS billions to go into what the Wall Street Journal called ‘beast mode.’ In all, the meant-to-be-inflation buster bill will dole out about $80 billion in IRS funding to increase enforcement. think big, really big. In … Read more

Winner Of $1.28 Billion Lottery Gets $433.7 Million After Tax

Someone in Illinois bought the winning ticket, and if he or she does like most winners, they will take the lump sum, not the annuity. The $1.28 billion prize, which is the second-largest jackpot in Mega Millions lottery history, can be claimed in a lump sum or over time. The 1.28 billion is only if … 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

Leave U.S., Pay IRS Taxes Forever

Reports say there’s been a big uptick in interest in leaving America with the overruling of Roe v. Wade, gun violence, political turmoil and more. One popular post advises how to move out of the US and the best places to escape. There are numerous choices, including moving to Canada. But if you go, is … Read more