The "New York Times" obtained the GOP nominee's tax records from 1995 and found that because of massive business failure, he legally may have not paid his taxes for almost two decades.

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Uh oh. According to TMZ, Nelly owes the IRS over $2 million in unpaid taxes. “He’s also got state tax trouble — earlier this year, the Missouri Department of Revenue said the St. Louis rapper owed $149,511 in unpaid state taxes from 2013,” TMZ reports. “He originally owed a mere $113,533 … but interest is a bitch.” […]

Under the “Top 1% Accountability Act, if a person doesn't test clean three months after filing, they will lose all their lofty deductions.

Community News

April is National Financial Literacy Month. Dr. Yashima caught up with Sonya Smith Valentine, the President of Financially Fierce, LLC, for part two of how to be “financially fierce”. Valentine educates us on bankruptcy, tax issues, and shows us how to get back on the road to being financially fierce!  

James Fortune-1

It’s tax season and you want to be prepared and knowledgeable about what you are doing. Listen to the audio player to hear Dr. Deena…

National

What tax bracket am I in? It’s a question many Americans are asking themselves right about now, even though tax day—April 15, 2013—is a long…

National

Picking an election-year fight with Republicans, President Barack Obama is urging Congress to boost taxes on millionaires, traveling to Florida to make a populist pitch on an issue that draws a sharp contrast with GOP presidential candidate Mitt Romney. Obama is outlining his support for the so-called “Buffett rule” in Boca Raton, Fla., arguing that wealthy investors should not pay taxes […]