Intuit Reaches $141 Settlement

Intuit Reaches $141 Settlement

Intuit, the company behind TurboTax, has reached a settlement to pay $141 million over misleading advertising. Until 2021, Intuit offered two free versions of their tax-filing program, TurboTax. One was through the IRS’s Free File Program, aimed at middle-income...
Trump Tax Plan Leaves Questions Unanswered

Trump Tax Plan Leaves Questions Unanswered

President Trump has a new tax plan in the works, but the specifics are vague, to say the least. News outlets are already buzzing with what we do know, however, and which income level will most benefit from the changes, should they go through. The plan would reduce the...
Apple Faces Huge Fine for Tax Dodge in Ireland

Apple Faces Huge Fine for Tax Dodge in Ireland

It looks like the tax man is going to come calling on Apple’s operations in Ireland. Following a three-year investigation, the European Union’s competition commissioner, Margrethe Vestager, has issued a 130-page judgment on the company. Essentially, the EU has found...
How to Avoid Tax Scams

How to Avoid Tax Scams

Tax scams are no joke, and they’re everywhere. It’s essential that we take the necessary steps to avoid becoming victims of such scams. Now is the time, as tax season approaches, to sort out your finances and make sure that if you hire someone to do them for you,...
$2.1 Trillion Held Offshore by Fortune 500 Companies

$2.1 Trillion Held Offshore by Fortune 500 Companies

According to two non-profit blogs, Citizens for Tax Justice and the U.S. Public Interest Research Group Education Fund, Fortune 500 companies hold a combined $2.1 trillion dollars in offshore accounts to avoid paying taxes on those funds. Companies like Apple,...