by taxnick on September 18, 2008
In 1913, the Sixteenth Amendment to the U.S. Constitution was ratified. It empowered Congress to tax “incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.” The Internal Revenue Code is today embodied as Title 26 of the United States Code (26 U.S.C.) and is a [...]
by taxnick on September 18, 2008
Rep. Charles Rangel has been using a House of Representatives parking garage for years as free storage space for his old Mercedes-Benz –a violation of congressional rules and a potential new tax woe for the embattled lawmaker … House rules forbid use of the garage for long-term storage more than 45 days – and congressional [...]
by taxnick on September 18, 2008
It’s a moment many taxpayers dread. A letter arrives from the IRS — and it’s not a refund check. Don’t panic; many of these letters can be dealt with simply and painlessly.
Each year, the IRS sends millions of letters and notices to taxpayers to request payment of taxes, notify them of a change to their [...]