In a globalized economy, international banks may be at your fingertips with the click of a mouse. But the long arm of the taxman has a deadline looming for U.S. taxpayers who make money overseas. So you need to start coming clean on your foreign asse...

If any couple in the city of Angels sits at the center of the media spotlight, it’s Frank and Jamie McCourt. You know, from the LA Dodgers. Divorce Court Filings Say Frank, Jamie McCourt Paid No Taxes Over Five Years The two have been a focus of th...

Frank Sinatra used to sing that marriage was an institute you can’t disparage. But if you’re liable for your ex’s shady finances, you probably want to tell the Chairman to get out of the Boardroom. It’s a little thing called “Innoce...

With $1.5 trillion in cash sitting in foreign bank accounts, Corporate America wants Congress to create another holiday just for them. US Companies Urge Tax Haven for Foreign Cash After one was created by Congress in 2004, American companies are urgi...

Casey Anthony may have been acquitted for the murder of her 2-year old daughter, Caylee. But Florida prosecutors are still trying to make her pay. Prosecutors Go After Accused Mom to Pay Case Costs It’s not in jail time, but state prosecutors are l...

As the debate over raising the nation’s debt ceiling wraps up, you may notice something. President Obama is making an obscure tax break one of his favorite talking points. If you’re a jet owner, listen up. Tax Breaks for Corporate Jet Owners ...

Weekly magazine, Marianne, claims to have access to high-profile tax documents. They show that France’s richest woman and heiress to the L’Oréal fortune, Liliane Bettencourt, owes around 30 million euros to the French tax authorities. You ma...

The rat race takes place every morning, where people wake up, commute to work, do their 8 hours and commute back home. For those who can’t telecommute and have to go to an office or cubicle every day, the task of commuting to work twice a day can b...

Marc Anthony and Jennifer Lopez may be in the headlines lately for their highly publicized split. But he made his own headlines last year due to tax troubles when he was hit with a $3.4 million lien on his Long Island home. Jennifer Lopez might owe m...

In the Spring of 1979, Congress was “playing politics” over the debt limit. But it ultimately raised it to $830 billion (a far cry from today’s $14.3 trillion) with only hours to spare. This raises a serious point. Even the U.S. cannon default ...