Finally, China is importing something from the USA: Our tax system

The United States is one of the few countries that taxes citizens on all of their income, regardless of where in the world it is earned. But an additional billion-plus people might soon empathize with American taxpayers: The Chinese government is starting to enforce rules requiring that its citizens report income earned outside that country.…Continue Reading

Darryl Strawberry vs. the IRS: a 30-year battle goes on

Former baseball star Darryl Strawberry is learning that going to bat against the IRS is way tougher than hitting a major-league curve ball. As Darren Rovell of ESPN reports, the Straw signed a contract with The New York Mets almost 30 years ago that included an annuity with a 5.1% annual rate. Now the IRS…Continue Reading