Tax Evasion: Should Tax Evaders Get More Severe Punishments?

The government crack down on tax evaders has been a hot topic for the past 8 months. Last September more than 4,000 Americans came forward and filed taxes for money they have been hiding in off shore accounts. As a result, the IRS did not file chargers and even gave them a break on the [...]

Written on January 14, 2010 | Posted in Personal Finance | No comment

Government Targeting Middle Class Tax Evaders

Tax evaders are costing billions in revenue each year and the European government is cracking down. According to the Telegraph, a European news website, investigator are switching from blue collar workers to white collar workers making over $100K. Read the full story here.

Written on January 14, 2010 | Posted in News | 2 comments

Anyone Can convert I.R.A To Roth I.R.A With New Rules.

This has been up in the air for some time now, but as of Jan 1st anyone can convert their individual retirement accounts to Roth I.R.A even if your income is below $100,000. Read the article at the New York Times.

Written on January 9, 2010 | Posted in News | No comment