I just received an email from PayPal notifying me that my account information has been requested by the IRS. I rarely use the account--it has very little activity other than the occasional small purchase (ebay, etc) and small ebay sale. It doesn't seem like a scam email, but I have no idea why my info would be requested? Should I get a lawyer involved or is this just a large-scale email I should ignore? Here is the email with my name removed (however, the case does refer to John Doe): [more inside]
posted on Jan 3, 2008 - 25 answers

Is there a law requiring you to pay Income Tax? I saw this video over at youtube, from The FreedomtoFacisim.com website. They say that Income tax is illegal and there are no laws. They even mention that the 16th admendment isn't valid via the supreme court. Ok, are these guys wackos? IRS has guns, so they make the rules, thats all I know.
posted on Nov 5, 2006 - 30 answers

TaxFilter: A co-worker and I both recently relocated and received a relocation allowance. Anything above the cost of the move (excess reimbursement) we were allowed to keep. I know that the excess is taxable income. My co-worker feels that the relocation allowance is like our Meals and Incidental Expenses per diem, we didn't spend all of the allowance, so we get to keep the balance treating it as non-taxable income.

How can I simply explain the difference between a per diem and an excess reimbusrment to him? I've showed him relevant IRS documentation such as Publications 17 and 521 to no avail.
posted on Feb 5, 2005 - 5 answers

I've recently started a company, structured as a 'C' Corp, to sell my consulting/contracting services. One of the reasons I'm working as a 'C' corporation is so I can have the company pay all medical expenses. I've read from the web and various IRS publications that as long as the Medical Reimbursement Plan is offered to all employees equally (no problem there) then it can be paid for by the company and written off on the corp taxes. But in order to make the MRP legit what, other then limiting medical expenses to those listed as acceptable by the IRS, do I need to do? Special records? Outside plan administrator?
posted on Apr 6, 2004 - 3 answers