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Senator Marco Rubio, R-Fla, has introduced legislation to exempt U.S. Olympic medal winners from paying taxes on the medals that they win. 

Some Interesting IRS Stats Regarding Paper-Filing v. E-Filing

Myth #1:

"If the IRS garnishes my wages, they have to leave me with a "livable" wage."

Many people believe that the IRS takes a certain percentage of your pay,...

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I can't think of a business in America that welcomes an IRS audit with open arms; for most, it is a highly stressful and worrisome time.

But I can share some commonsense steps, gleaned from my time as Commissioner of Internal Revenue, which small and medium-sized businesses should take if served with an audit notice to make the process as easy as possible.

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STOP AND THINK! Do you know what legal steps you need to take to safeguard... Your family? Your business? Your money? Maybe you were caught in a car accident where you're not sure of your rights, or you're looking for a lifetime of legal protection for your company, your family or your wealth. Whatever the case, you need to know what it takes to protect your rights and defend you and your loved ones from unforeseen legal threats.

As the nation reels from high unemployment rates, job losses may lead to another perhaps more insidious problem – the IRS.

It's July. Why are we STILL talking about taxes? Well, the truth is we pay taxes each and every day. In fact, some folks spend the better part of the first half of the year earning enough money to pay their yearly tax bill then the second half of the year earning money to pay themselves.

False!  If the IRS were to garnish your paycheck to collect taxes, they have a table that they refer to that determines how much money they will leave in your paycheck per week.