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IRS Criminal Prosecutions Continue to Decline | by MICHAEL COHN | | The odds of being criminally prosecuted by the Internal Revenue Service have fallen as a result of budget cuts at the hands of Congress, decreasing from 13.3 per million population in fiscal year 2013 to 9.2 per million in FY 2015, according to new research. READ MORE » |
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Money Received by Adult Entertainer Was Taxable Compensation, Not Gift | by ROGER RUSSELL | | Most taxpayers have at least a vague understanding of the principle that gifts do not constitute taxable income, while payments for services are taxable. Unfortunately for exotic dancer and professional adult entertainer Veronica Fairchild, there is no middle ground which would allow her to include in income some of the money she received from a client as payment for her services, while she characterized the bulk of what she received as gifts... READ MORE » |
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