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There are only two things in life that are certain: death and taxes. Taxes, on the other hand, allow you to claim deductions. That's when the real fun begins...
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It's no secret that wealthy individuals like to conceal their income from the Internal Revenue Service. Where they do it and how they do it are not always kept a secret.
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A private subpoena delivered to JPMorgan Chase bank indicates that a criminal IRS investigation against Hunter Biden – President Biden's son — seems to have summoned a grand jury as far back as May 2019. The president's brother, James Biden, is also being subpoenaed for bank documents, making this the first time a member of the Biden family has been implicated in the probe.
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If you want to see your tax returns, the IRS will ask that you take a photo of your face. Advocates for personal privacy are alarmed by the information that has come to light.
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Plus, what the US should do about Ukraine, the geriatric music business in the United States, and more...
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The president and his family marked the 49th anniversary of their deaths in an automobile accident in 1972 with a memorial service
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Many on the left believe that the 2017 tax reform law passed by Republicans and signed by former President Trump benefited wealthy households disproportionately and unfairly.
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While reducing the number of tax fraudsters in the United States is a worthy aim, more rigorous enforcement might have unintended consequences.
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These are the kinds of problems that led to the 1976 ruling in United States v. Miller, which dealt with the gray regions of privacy. When evaluating the issue, the Court determined that when supplying information to a third party, one cannot properly anticipate privacy.
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The IRS appears to be harassing taxpayers for more money after they paid their taxes on time and in full. Last week, investigative journalist Sharyl Attkisson shared her experience on Twitter.