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January 2015 Archives

IRS warns of identity theft in its "dirty dozen" tax scams

Tax information is valuable. Because your income tax filings contain a significant amount of private, confidential information, and because much of that information has an economic connotation, the Internal Revenue Service (IRS) has again warned all taxpayers to be alert for possible identity theft in connection with their tax returns.

Is Cleveland's calculation of NFL player's tax fair?

Professional athletes have more complex finances than most of us. Because of their large salaries, many states and cities demand that they pay income taxes on the percentage of income attributed to the games they play in those states or cities. Cleveland is one of those cities, and two former NFL players are challenging the method of calculation that Cleveland uses to determine that tax.

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