As news broke by several Ohio newspapers that Lieutenant Government candidate Sen. Eric Kearney (D) and his wife owed significant back taxes to the Internal Revenue Service and to state taxing agencies, the candidate decided to pull out of the race.
Races Heats Up as Candidates Face Questions
The race is a heated one, with Cuyahoga County Executive Ed FitzGerald (D) picking the state senator as a running mate in November. And, with only a few weeks to go, this puts the democratic candidate on the line. Continue reading
Thousands of people holding security clearances are also tax cheats — a major problem considering that financial troubles are frequently considered a threat to national security. The reason? The farther in debt a person is, the more likely it is that they will turn to illegal activity to obtain needed funds. Russia has shown repeatedly that it is willing to pay cash for national secrets and has previously bought off former CIA and FBI agents. Continue reading
If you owe back taxes that exceed $10,000 in NY State, your driver’s license may be suspended.
The New York State Department of Taxation and Finance is sending 16,000 suspension notices to delinquent taxpayers. Delinquent taxpayers will then have 60 days from the mailing date to work out a payment plan. The failure to act will result in the NY Department of Motor Vehicles sending a warning letter. If the taxpayer fails to work out a tax payment plan, within 15 days from the date of the second letter, their driver’s license will be suspended. In order to reinstate their license, full payment or a plan to full pay is necessary. Continue reading
Unless there are dramatic drug or crime problems, no one capable of running a successful singing career fails to pay their taxes simply because they forgot. There has to be another reason. Mary J. Blige falls into that category. Unfortunately, she hasn’t made the reason public. She says simply that she has the wrong people in the wrong places in her organization. Continue reading
In December, co-founders of the famous high fashion label Dolce & Gabbana will go on trial for tax evasion in their native Italy.
Domenico Dolce and Stefano Gabbana are accused of selling their business to Gado Srl, a Luxembourg-based holding company, in 2004. The pair are said to have created the company in order to carry out a plan not to pay taxes, Women’s Wear Daily reports.