Firefox was battling a $15 million IRS Problem for 4 years. The IRS problem stemmed from a lucrative search deal with Google. The original search deal was struck with The Mozilla Foundation, a non-profit. Later, the deal was assigned to a wholly owned subsidiary, the Mozilla Corporation (for profit). The IRS problem went back to an audit by the IRS to make sure the non-profit Mozilla paid all the required taxes and complied with other non-profit regulations before the transfer.

The IRS problem was resolved! Mozilla Foundation paid $1.5 million to the IRS – 10% of what the IRS was seeking.

The Moral of the story: Get help with your IRS Problem, you may win!

America is one of the only countries that taxes “worldwide” prize income earned overseas.  Along with the medal, Olympic medalists also win cash – So, if you win a bronze the IRS gets $3500.00 – Silver, $5385.00 & Gold $8986.00.

Doesn’t seem right. Dedicate your life to a sport, go out a win for your country and the IRS gets a payday.  Reminds me of the old Ronald Reagan line –  “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”

Good luck America!  Win a medal for the taxman!

San Bernardino, the third California City in the last month, has filed for protection under Chapter 9 of the Bankruptcy Code.   These cities have realized that action must be taken to protect the citizens from legal actions and insurmountable debt.  Families often find themselves in the very same predicament – facing legal action from credit card companies, their mortgage company and/or other creditors.  Looking right at wage garnishment or bank levies.

Seeking protection under the bankruptcy code can be the best way to protect your family.  If you are having debt problems or legal troubles, you need an attorney.  You need us, The Law Office of Steven A Leahy, PC.  Call us right now (312)664-6649.

Maine’s Republican Governor Paul LePage referred to the IRS as the “Gestapo” recently.  LePage was responding to the Supreme Court’s decision upholding President Obama’s Health Care reform.

“This decision has made America less free. We the people have been told there is no choice. You must buy health insurance or pay the new Gestapo – the I.R.S.” Said LePage.

I don’t think I would go so far as calling the IRS the “Gestapo.”  But, I would agree that IRS Collections efforts can be very aggressive.  If the IRS Collections is coming after you or your business, you need help.  That’s what we do here at Opem Tax Resolutions and The Law Office of Steven A. Leahy, PC.  We protect people and businesses from IRS Collections efforts.  We can’t promise “pennies on the dollar.”  The amount you will have to pay the IRS Collections Department depends on your particular situation.  If it is possible to pay less than the IRS Collections Department says you owe, we will find a way to make that happen.

Call me today – 312-664-6649.  I can’t help, if you don’t call.

 

Mommoth Lakes joined Stockton in filing for protection under the bankruptcy code.  Both of these California cities have asked the Bankruptcy Court  to protect them from their creditors under Chapter 9 of the bankruptcy code.  Experts expect a number of California cities to follow suit in the not too distant future.  It’s the sign of the times.