What a $3.7M NBA Embezzlement Case Teaches Businesses
A former NBA executive was sentenced for embezzling millions. Here’s what the case reveals about internal controls and business risk.
Tax Problems
Struggling to Pay Your Taxes? Options and Relief Solutions
Can’t pay your tax bill? Explore IRS payment plans, offers in compromise, and other options to manage your tax debt effectively.
Court Ruling May Allow Refund of IRS Penalties and Interest
A recent court ruling may allow taxpayers to reclaim certain IRS penalties and interest from the COVID-19 period. Learn key actions and filing deadlines.
Tax Ramifications for Scam Victims
Learn how scam-related losses may qualify as deductible when tied to a profit motive. Understand IRS rules, examples, and key tax implications.
Tax Treatment of Lawsuit Settlements
Learn how lawsuit settlements are taxed, how attorney fees affect your refund, and what strategies can help minimize tax liability on settlement proceeds.
How to Handle an IRS Notice in 2025 Without Losing Sleep
Receiving an IRS notice doesn’t have to derail your business. Learn what it means, how to respond, and how to protect your finances and peace of mind.
How Rashia Wilson Became the ‘Queen of Tax Fraud’
Rashia Wilson flaunted her fortune on Facebook, calling herself the “Queen of Tax Fraud.” Her multimillion-dollar scheme unraveled fast. Here’s how.
PGA Players and Tax Troubles: Lessons from the Fairway
Explore the tax challenges faced by professional golfers, including Angel Cabrera and Jim Thorpe, and the importance of financial diligence in sports.
From Galleries to Courtrooms: The $6.4M Art Fraud That Rocke
What Lisa Schiff’s $6.4M art fraud reveals about financial trust, tax write-offs, and why working with real professionals matters more than ever.
Can You Deduct Tax Penalties?
Tax penalties are generally not deductible, but some exceptions exist. Learn what applies to individuals and businesses when navigating IRS rules.