IRS employees are upset about upcoming unpaid furloughs caused by the US government sequester. The sequester requires that $600 million dollars be cut from the IRS budget this year. This cut forces the IRS to put its nearly 100,000 employees on up to seven days of unpaid leave. IRS employees are protesting around the country and the largest rally to date was held last week in New York. Continue reading
Philadelphia rapper Beanie Sigel, born Dwight Grant, was sentenced to two years in federal prison stemming from charges that he failed to file income tax returns. The rapper began serving his sentence on September 12, 2012.
Sigel was accused and convicted of failing to file tax returns from 2003 to 2005. He was reported to have earned over $2.2 million dollars from 1999 to 2005 and owed a total of $728,536 to the federal government. He was ordered to pay all back taxes and penalties and will endure a year of supervised release once his sentence is completed. Continue reading