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Taxation Laws

  • Fact Check: Gold And Silver Are NOT The Only 'Lawful' US Money; Federal Reserve Notes ARE Taxable

    Fact Check

    Are Federal Reserve notes -- commonly known as paper money -- just "obligations" and therefore exempt from taxes? And does the U.S. Constitution say gold and silver are the only form of "lawful money" to be used in paying debts? No, neither of those claims are true. The Constitution does not specify any particular form of currency, and under federal…

    • Sep 9, 2022
    • by: Lead Stories Staff
    Fact Check: Gold And Silver Are NOT The Only 'Lawful' US Money; Federal Reserve Notes ARE Taxable Fact Check: Gold And Silver Are NOT The Only 'Lawful' US Money; Federal Reserve Notes ARE Taxable $s Taxable
  • Fact Check: Biden Student Debt Relief Dollars Will NOT Be Taxed by IRS

    Fact Check

    Does the student loan forgiveness program announced by the Biden administration on August 25, 2022, treat canceled student debt as taxable income? No, that's not true. Although debt cancellation is usually considered taxable, the Biden student debt relief falls under the American Rescue Plan, which exempts most student debt relief from taxation through the end of 2025. The claim appeared…

    • Aug 29, 2022
    • by: Lead Stories Staff
    Fact Check: Biden Student Debt Relief Dollars Will NOT Be Taxed by IRS Fact Check: Biden Student Debt Relief Dollars Will NOT Be Taxed by IRS Not Taxed
  • Fact Check: You Can NOT Simply Declare Yourself Not A US Citizen To Avoid Income Taxes

    Fact Check

    Can you declare yourself not a U.S. citizen to avoid paying taxes to the IRS? No, that's not true: The U.S. Constitution and the Internal Revenue Code clearly define citizenship and how a "person" is defined for tax purposes. The tactic is used by several groups, including the "sovereign citizen" movement. The FBI calls its followers "anti-government extremists who believe…

    • Dec 9, 2021
    • by: Ed Payne
    Fact Check: You Can NOT Simply Declare Yourself Not A US Citizen To Avoid Income Taxes Fact Check: You Can NOT Simply Declare Yourself Not A US Citizen To Avoid Income Taxes Courts Differ
  • Fact Check: IRS Income Taxes Are NOT Voluntary

    Fact Check

    Are Internal Revenue Service (IRS) income taxes voluntary? No, that's not true: The duties to file a tax return and pay federal income taxes owed are not voluntary. The requirements are enshrined in the Internal Revenue Code as well as relevant case law. The claim appeared in a Facebook post (archived here) published on March 27, 2021. The title of…

    • Jul 26, 2021
    • by: Dana Ford
    Fact Check: IRS Income Taxes Are NOT Voluntary Duty To Pay
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Lead Stories is a fact checking website that is always looking for the latest false, misleading, deceptive or inaccurate stories, videos or images going viral on the internet.
Spotted something? Let us know!.

Lead Stories is a:

  • Verified signatory of the IFCN Code of Principles
  • Verified EFCSN member
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