How should you spend your tax refund? Figuring out the answer is a nice problem to have and one that’s worth consideration. One of the best ways you can use an unexpected windfall like a tax refund is to pay down high-interest debt, such as credit card balances, because it will immediately lower your interest

Internet gamblers who use foreign online poker accounts must report them as foreign financial accounts, a federal court says. Here, the gambler opened accounts in his name on poker websites that were maintained outside of the United States. He was allowed to deposit and withdraw money and carry outstanding balances.  Because the online gaming sites

IRS offers a carrot and stick to those who fess up about foreign accounts: Expanded relief for non-willful violators. U.S. citizens who reside overseas can come in voluntarily and get all penalties waived no matter how much they owe in taxes. Those who live in the U.X. and filed income tax will face a 5%