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Tax Penalty

9 Celebrity Tax Evaders

When it comes to taxes and the IRS, these celebrity tax evaders had to face the consequences of not giving Uncle Sam his dues. Celebrity Tax Evaders | 9 Famous People Who Failed to Pay Uncle Sam   1. Martha StewartOne of the most famous celebrity tax evaders is Martha Stewart. The ultimate homemaker had to cough up $220,000 in penalties and back taxes for her …Continue Reading

No Health Insurance Penalty | Everything You Need To Know

One of the most controversial aspects of the Affordable Care Act (ACA or better known as Obamacare) is the no health insurance penalty. With the mandate, it compels Americans to secure health coverage. Not sure whether you will be asked to pay a tax penalty or how much it will cost? The good news is, it is not as confusing as you may think. Read on to learn more about it. No …Continue Reading

Marriage Tax Penalty | How Does It Work?

Why is there a marriage tax penalty? To make the best decisions about how to avoid this or at least how to manage your finances more effectively, it pays to understand what marriage tax penalty is. It is also important to know how it works. You may choose to avoid marriage tax penalty by filing separately, but it is often not the answer for a number of reasons. Today, we’ll …Continue Reading

IRS Back Taxes | What You Should Know

You're doing your taxes, and suddenly, you find that you owe IRS back taxes. Don't panic; everyone's been in this situation before. Whether it's negligence or you just didn't have enough money to pay your taxes, having unpaid dues is always a bad thing. Thankfully, there are ways to pay them as soon as possible, as well as prevent it from happening again. Here's all you need to …Continue Reading