Saturday, December 11, 2010

Ron Isley Looks Back at Prison and Moves Ahead

I pray Wesley can bounce back when he gets out like Ron Isley!
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via EURweb by EurPublisher on 12/11/10

ron_isley(2010-headshot-med)

*When Ron Isley talks about the three years he spent in prison for tax evasion, there’s no bitterness or anger in his voice: At times, there almost seems to be a bit of nostalgia.

“I made a lot of friends. I was treated like a king. I had all of the respect that one would want. And it’s a part of that that I miss – when I say I miss, I miss the people that I met,” said the 69-year-old with the golden tenor.

“When I first went in there, there were 300 people there and those 300 people were behind me 100 percent, and when I say 100 percent, I really mean that,” he added. “‘What can we get for you? Do you need this, do you need that?’ … 24 hours a day, and that’s a blessing.”

Isley’s prison experience was probably a bit different from the average person incarcerated for a tax offense. But the Rock and Roll Hall of Famer doesn’t credit his good fortune to his legendary status. Instead, he credits a more potent factor.

Read MORE of this AP article HERE.

Thursday, December 9, 2010

What You Can Learn From … Wesley Snipes’ Tax Evasion Blunder

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via BLACK ENTERPRISE by Janell Hazelwood on 12/9/10

Today, actor Wesley Snipes reports to prison to begin a three-year sentence after being convicted on three misdemeanor charges of failing to file tax returns. (Prosecutors in the case argued that Snipes hadn’t paid taxes on $37 million in income between 1999 and 2004.) Though this case is far more public--and bizarre--than the average taxpayer’s woes, there are quite a few lessons to be learned from Snipes' case. We consulted a tax professional to break it down.

1) Failure to file because of fear, protest, or negligence just isn’t going to cut it. "With most people who don’t file, it’s typically a fear that they expect to owe or they know they’re going to owe," says Robert L. Gregg, registered tax professional and vice president of operations at Mainline Partners Inc. "It’s better to get the filing over with to avoid penalty. With the build up of those years of the tax return being avoided, it gets more expensive as you go."

    Don’t take the chance of the IRS deeming your excuse for not filing inadequate. According to reports, Snipes claimed he was a “non-resident alien to the United States” and that “the Internal Revenue Code’s taxing authority 'is limited to the District of Columbia and insular possessions of the United States, exclusive of the 50 States of the Union.’’ Gregg points out that even if you are living overseas, and you're a U.S. citizen, you must still file a tax return for monies earned.
  • Not filing can cost you time and penalties which can tack on up to 75% of your unpaid debt to the balance owed, especially if your excuse is denied because of accuracy issues or because an amendment was deemed frivolous.
  • Also, not filing can have a negative domino effect on other aspects of your life, Gregg warns. "When you apply for a loan or when you're going through the home-buying process, the banks look into whether you've filed taxes and in what years. If you haven't filed, that's a red flag." Though in typical cases you won't be jailed for owing tax debt, the IRS can take any legal means to collect the debt, including garnishment of wages and seizure of property.
  • 2) If you haven’t filed taxes in years, or you neglected to file for monies earned while working for a former employer, they haven’t forgotten you. "If you’re a salaried employee and receive a W-2, that’s reported to the IRS anyway," Gregg notes.  "If the IRS files a substitute return, they won’t give you credit for deductions, and you could miss out on a refund."

    • There are options for you if you neglected to file:
    • Call your employers for that tax year or years, get in contact with human resources or the payroll department, and get a W2 reissued," Gregg says. "If that’s not possible, call the IRS to get a statement of wages and earnings for those tax years."
    • Consider an offer and compromise agreement or payment plan. An offer and compromise is an agreement to settle a tax liability for less than what is owed, and you must meet specific qualifications, Gregg says.
    • Try your local taxpayer assistance center Also try volunteer services such as the IRS Volunteer Income Tax Assistance Program (VITA) and the Tax Counseling for the Elderly (TCE) Programs.

    3) Vet your tax and financial advisers/professionals carefully and educate yourself so you can know details of what’s being filed on your behalf and what’s owed.

    • Snipes maintains that he doesn't deserve his sentence and says he's not a tax protester. Instead he is simply someone who relied on tax professionals to, in so many words, handle his business. But the "tax preparer did it" or the "I was too busy to do it myself" excuses aren't valid ones, says Gregg. And most times, they won't hold up in court.
    • Be sure your adviser holds the appropriate certifications. Look into their affiliations and background and make sure they're registered. And look for red flags on your return, such as inflated deductions or numbers that just don't make sense.
    • Find a tax professional who you can correspond with on an annual basis, Gregg suggests. "It’s much easier to be prepared throughout the year than to have to sift thorugh 12 months of documents and information in one shot."
    • Include calender updates or reminders for major dates, including tax time. The tax deadlines vary for businesses and individuals, so it's good to have those dates noted, Gregg says.

    For more advice on managing your taxes see ...

    Six Ways Your Taxes Could Increase in 2011

    Manage Your Tax Obligations

    Pick the Right Financial Professional

The Facebook Number Game: Waste of Time or Insight into Humanity?

via Black Web 2.0 by anjuan on 12/9/10

You’ve probably noticed odd status updates like this on Facebook over the past couple of days: “#101 You’ve always had my back, and I will always have yours.”  These Facebook postings are part of a viral game called “The Number Game”, and there is even a Facebook page dedicated to it.  Coming on the heels of the meme that changed profile pictures into cartoon characters, it seems that user generated games on social networks are here to stay.

The mechanics of the game are straightforward.  Person X sends a number to Person Y via a Facebook Message or by using Facebook chat.  Person Y then creates a wall post that starts with the number (which only lets Person X know who it’s about) and then shares what Person Y thinks about Person X.  So, the Facebook Number Game has the paradox of sharing information with a lot of people while still maintaining a secret that is shared by only two people.

While the popularity of the game cannot be denied, it seems that for everyone who plays the number game an equal number criticize it.  Most of the criticisms focus on the way the game clutters Facebook feeds or that is it little more than an online version of the grade school game where a note would be passed saying, “Do you like me? Circle yes or no.”

However, I think that the Facebook Number Game offers interesting insights into the nature of humanity.  After seeing the explosion of similar user-generated games like the bra color game or the “I like it on . . .” game, I think these memes provide hints into why human beings prefer information instead of data, enjoy anonymity, and love to share secrets.  I am also particularly interested in the large number of black Facebook users who take part in The Number Game.  Here are a few things we can learn from this latest Facebook trend.

Information is Better than Data

The vast majority of status updates posted to Facebook consist of simple data.  Data is the presentation of facts.  These are updates like the time you woke up, what you had for breakfast, what happened at work, what a celebrity did at a televised awards show, etc.  However, information is the interpretation of data in order to determine meaning and find value.  The Facebook Number Game changes the Facebook experience from the simple consumption of data into the presentation of meaningful information.  This effect is made more potent because personal information is being shared with a large number of people.  This raises the value of the stream of updates that flow through Facebook and increases the usefulness of the experience.

Anonymity and Secrecy Are a Powerful Combination

As demonstrated by the extreme statements people make online when given a sense of anonymity, human beings like speaking their mind when no one knows their true identity.  We also like to share secret information with each other because it gives the impression of belonging to an exclusive club of people who know the secret.  The combination of anonymity and the ability to share secret information in a public forum makes The Facebook Number Game a very addictive experience.

Black People Continue to Represent in Social Media

The past few months have presented several stories about how black people use social media.  Ranging from academic research from Pew Internet to the infamous brown Twitter bird article published by Slate, it’s clear that black people use social networking sites in large numbers.  While it’s unscientific research, I have seen this trend continue with The Facebook Number Game.

My Facebook social graph, while not perfectly diverse, does contain a representative number of different races.  I have witnessed far more black Facebook users playing The Facebook Number Game in my status update feed than other races.  I then removed the bias of my personal Facebook circle of friends by using Openbook to do a search of public Facebook profiles using the keywords “number game.”  These random results showed Facebook users discussing the game, and every refresh of the search showed several black Facebook users either taking part in the game or discussing it.  I did the same thing using Twitter search.

While I continue to look for further research into how black people use social networking sites, I think that the historical ability of blacks to form virtual family ties is one reason why social media is so popular with blacks.  During slavery, slave masters could break up families as they saw fit.  Husbands, wives, children and other family members could be separated at a moment’s notice.  To gain the human need for a sense of family, slaves often designated virtual “aunts” and “uncles” despite the lack of actual blood relations.  This legacy can be seen today when black people refer to each other as brothers and sisters even when there are no shared parents.  Since black people have long formed virtual relationships in the physical world, perhaps that gives us an enhanced level of comfort when forming virtual relationships on online social networking sites like Facebook and Twitter.

Predicting the Next Meme

The Facebook Number Game and the memes that preceded it will probably be followed by similar games.  I think that the powerful combination of personal information, secrecy, and anonymity will be a part of how these games are played.  Additionally, minorities will be visible participants in the games, and future memes will probably be tied to some altruistic cause.

Facebook itself could leverage the power of these viral Facebook games by letting users create “secret” posts.  This feature would work as follows.  Person X writes a post confessing some type of secret.  The Facebook interface lets the user mark the post as a “Secret” so that it is not handled like a conventional wall post.  Instead, all of Person X’s Facebook friends see the post but don’t know who posted it.  They only know that it was one of their Facebook friends.  Person X and his or her Facebook friends can all comment on the posted secret while maintaining Person X’s anonymity.  Perhaps such a Facebook feature will take the best of The Facebook Number Game and allow candid discussions of topics that people are afraid to discuss outside the cover of anonymity.  This could lead to better understanding of controversial positions and maybe even reduce divisions in the real world.

Honoring 38 Community Builders – Black Voice News

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via My Black News by MyBlackNewsAdmin on 12/9/10

Honoring 38 Community Builders – Black Voice News

Honoring 38 Community Builders
Black Voice News
She served as 1st Vice President (1998) of the NAACP San Bernardino branch, and member of various committees for the African American Health Initiative

and more »

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Incarceration Nation: Restorative Justice is a Better Way – OpEdNews

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via My Black News by MyBlackNewsAdmin on 12/9/10

Incarceration Nation: Restorative Justice is a Better Way – OpEdNews

Incarceration Nation: Restorative Justice is a Better Way
OpEdNews
Out of every fifteen African American men, one is living in a prison or jail cell. The numbers are staggering. What about the people at the center of this

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