In a recent blog post titled 5 Reasons to Incorporate (in Addition to my Fees) I said the following: IRS statistics show that it audits Schedule C businesses much more frequently than it does S Corporations and LLCs. This reason alone is sufficient to justify the additional costs and paperwork associated with forming a separate [...]
Tags: Corporate Tax
According to a Rasmussen national survey, Sixty-two percent (62%) of Americans say it’s always better to cut taxes than increase government spending because taxpayers, not bureaucrats, are the best judges of how to spend their own money. Americans by a two-to-one margin – 50% to 25% – believe that a dollar of tax cuts is always [...]
Tags: Tax Policy · The Economy
From The Wall Street Journal: When normal people happen to “find” their own money, it might mean a twenty left in a winter coat, or discovering change beneath the sofa cushions. But if you’re Charlie Rangel, it means doubling your net worth. Earlier this month the Chairman of the tax-writing Ways and Means Committee “amended” [...]
Tags: Legislative Watch
Kay Bell, a member of the IRS’s taxpayer advisory panel (TAP) and author of the blog Don’t Mess With Taxes writes a terrific blog post about the status of the IRS proposal to regulate tax preparers. She cleverly addresses the issue using the classic IRS standard of proof: Who, what, where, when and why. Here’s the why: The [...]
Tags: Regulation of Tax Preparers
CPA blogger Bill Murray of April 15.com alerts us to a Wall Street Journal article in which the author, Laura Sanders, reports that [S]tate Tax Collection Agents in Minnesota, Nebraska and even here in California have used Social Media sites such as My Space and Facebook to obtain information that have helped them to collect thousands [...]
Tags: Tax Collections
President Obama has promised that he will not raise taxes on the middle class, yet several economists, including two members of his own cabinet, have suggested that the promise might not be kept. Please vote and tell us what you think he’ll do. Will President Obama and the Democrats Raise Taxes on the Middle Class? [...]
Tags: Polls · Tax Policy
Another timely cartoon from Michael Ramirez of Investors’ Business Daily: Bookmark & Share:
Tags: Satire
