After a night of gambling, it's no fun to walk out of the casino a loser. It's even worse when the IRS tries to tax each individual bet that was won over the course of a losing night. Enter Sang Park, a South Korean businessman who enjoyed gambling during his trips to the United States — only to then have the IRS seek more in taxes. Until just recently, the IRS taxed … [Read more...] about Federal Courts Deal Gamblers Two Good Hands: Foreign Gamblers Win Big
Independent Contractor or Employee?: IRS Will Now Settle Employment Taxes
After receiving much success from its Voluntary Offshore Bank Account Disclosure Program, the Internal Revenue Service (“IRS”) has now decided to provide an opportunity for businesses to come clean by reclassifying workers as employees for federal employment tax purposes. The IRS announced on September 21, 2011 that it has developed the Voluntary Classification Settlement … [Read more...] about Independent Contractor or Employee?: IRS Will Now Settle Employment Taxes