“There exists also in the human heart a depraved taste for equality which impels the weak to attempt to lower the powerful to their own level, and reduces men to prefer equality in slavery to inequality with freedom.” – Alexis de Tocqueville – Looks like the rich pay more than their fair share of taxes [...]
Tags: Tax Policy
The IRS has issued a new reminder about its voluntary disclosure program (VDP) for delinquent taxpayers: The IRS stresses that acceptance into a voluntary disclosure arrangement depends on the individual facts and circumstances involved in each case. Taxpayers with unreported income should immediately discuss with their tax professional their options to get right with the government, including [...]
Tags: Announcements
This is why sin taxes are stupid. The White House and Congressional Democrats seem to be in a panic these days to find new and creative ways to fund healthcare reform. One idea that has been advanced has been the imposition of a special tax on plastic surgery. In response to this proposal, some conservatives have [...]
Tags: Tax Policy
In 1955 John Steinbeck wrote a piece for Holiday Magazine about his hometown: “Always Something to Do in Salinas.” I am sure that when he wrote it, however, he was not considering tax preparer fraud to be one of those things. According to Californian.com (by way of Joe Kristan) on Monday, Lydia Hernandez, proprietor of Lydia [...]
Tags: Regulation of Tax Preparers · Tax Crimes
The U.S. Census Bureau reports that New York spends the most money per public school pupil: Public schools in New York spent $15,981 per pupil in 2007, which was more than any other state or state equivalent, according to new data released by the U.S. Census Bureau. New Jersey ($15,691) and the District of Columbia [...]
Tags: State Taxes · Tax Policy
Former New York Governor Eliot Spitzer said this in an article he wrote for Slate titled In Sickness and in Wealth: The debate about bank bailouts and health care is missing a critical piece of context: The American economy hasn’t been working for the working- and middle class for decades. It is impossible to determine who [...]
Tags: Opinion · Tax Policy · The Economy
Robert Flach, The Wandering Tax Pro, writes today in a blog post titled Manual Labor that, A manually prepared tax return is not automatically inferior to or less accurate than a tax return prepared using software. Just the opposite can be true. The basic law of software applies here – Garbage In, Garbage Out. Individuals and tax preparers [...]
