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Shakira Pays $25 Million in Back Taxes Shakira has reportedly paid a major bill for back taxes owed to the Spanish government. According to numerous reports, this international superstar has paid more than 20 million Euros - or $25 million - to the Spanish authorities to settle part...

No one wants to pay more income taxes than they are required to, but be careful if you prepare your own taxes. Attempting to cut your tax liability by getting into IRS grey areas can cause you problems later on. You don't have to do...

IRS Warns Taxpayers to be Alert for Scams Related to Natural Disasters Let's talk tax scams. According to the IRS, some scammers impersonate charities or operate bogus charities to get money or private information from well-intentioned taxpayers. For example, some have bogus websites which use names...

Oh No! The IRS Sent a Tax Notice The moment you take an IRS Notice from your mailbox, it's time to open it and call an enrolled agent immediately. A tax professional will be able to guide you through the process of resolving your tax problem...

I have an overseas account, but I didn’t think about this! If you have a foreign account, you have until April 15 to file a FINCEN 114 form electronically (formally FBAR) with the Treasury's Financial Crimes Enforcement Network if you had interest in or signature authority...