The Internal Revenue Service (IRS) does not hold back punches. The federal agency is currently attempting to gather late tax payments from one of the world's best fighters. Floyd Mayweather Jr. reportedly owes the federal agency $7.2 million in taxes from 2010 as well...
In neighboring Connecticut, a Chinese restaurant owner accused of using “zapper” software faces serious tax fraud penalties. Massachusetts also assesses a sales tax on meals.How does the software avoid state sales tax? Zappers are a type of...
As online sales continue to grow - estimates are 15 percent a year - many states worry that millions of dollars in sales tax are being lost. Massachusetts is one of them.In April, Massachusetts Department of Revenue (DOR) Directive 17-1 issued a rule to collect online...
Could the value of bitcoin continue to increase? One teenage bitcoin millionaire predicts we’ve not see the top for the cybercurrency.On a bumpy ride lately, the value of a bitcoin has ranged from between $2,365 and $2,200 in just the last week. The teen...
The Red Sox are in first place, but the Bruins also scored a victory this week, even though it's their offseason.The Bruins' win was not on the ice, but in U.S. Tax Court over the IRS, in a case involving the deductibility of team meal expenses. The case dates back to...
