You’re an actor, which means you shouldn’t have to spend the majority of your day deciphering the fine print of a contract to understand how it will affect your future like a scholar deciphering the Dead Sea scrolls. …

Picture this. You’ve booked a gig, your agent emails you the contract, and suddenly it hits you: “Should I have a lawyer look it over before I sign it?” It’s a deceptively simple question, with the devil being in the details. It involves the balancing of several factors. On the…

Mistakes happen, and taxes are not exempt. From time to time, taxpayers make typos, misinterpret information, or simply misread instructions. When this happens, the IRS generally sends some sort of notice indicating the extent of an issue, alerting the taxpayer as to the problem and proposing an alternate settlement, whether…

As the adage goes, there are only three absolutes in life: birth, death, and taxes. Unless, of course, you cannot afford to pay or for some reason are otherwise resistant to paying the money owed to the IRS — and even this state of being will only ever be temporary. …

The cost of paying human capital is among the largest burdens for most businesses. For good companies that value quality employees, this is a solid investment — after all, strong workers can make or break a business. For their less-scrupulous peers, however, paying for employees is an obnoxious pain that…

Interest is often seen as a good thing, such as in a bank account that grows steadily over time. However, when it comes to the IRS, interest is anything but positive. While interest often accrues slowly, every tax practitioner knows that it’s the interest, not the tax burden itself, that…

Real estate seems like a fun, easy form of passive investment that can be used to pad pockets or build a portfolio. In many ways, this is true — real estate offers plenty of potential for those with economic smarts and a moderate sense of risk. …

Al Capone, the American gangster who was convicted of tax evasion, was one of the most notorious mob figures of the twentieth century. He was a captivating figure who infatuated the American public. …

I wish to graciously acknowledge the work of Phillip J. Colasanto, Esq. from the law firm of Agostino & Associates, P.C. whose keen insight and innovative thinking as reflected in his article entitled, “The International Information Reporting Penalties: Is the IRS’s Failure to Embrace a One-Stop Shopping Paradigm Inefficient and…