The first decade of the 21st century ends at midnight tonight and we still don’t have a name for it. That’s unacceptable. Because I think the events of this past decade are less notable for their impact during the decade than for what they portend for the future, I have coined the decade the “Ominous Aughts.” Here is what happened in the last [...]
Tags: News
The Tax Foundation has compiled a list of the top 10 tax stories of the “Ominous Aughts.” Here it is: 1. The Bush Tax Cuts 2. The Alternative Minimum Tax 3. The IRS, Rebate Checks, and Fiscal Stimulus 4. Influence of the Housing Lobby on the Federal Tax Code 5. Emergence of Environmental Taxation as [...]
Tags: News
The St. Petersburg Times has a column written by MIT economist Jonathan Gruber who claims that the tax on Cadillac insurance plans isn’t really a tax increase after all: The assessment proposed in the Senate is not a new tax; it is the elimination of an existing tax break…. Under current law, if workers are paid [...]
Tags: healthcare reform · Opinion · Tax Policy
WebCPA reports that Joe Francis of “Girls Gone Wild” fame has filed a lawsuit against the IRS for illegal collection activities (emphasis added): [S]hortly after the judge accepted his plea deal, the IRS filed a lien for $33,819,087.14 for three years of back taxes, from 2001 to 2003 (see IRS Files $34M Lien Against ‘Girls Gone [...]
Tags: Court Cases · IRS appeals · IRS Liens and Levies · News · Tax Collections
Less than a week left to do year end 2009 tax planning and William Perez gives us a neat list of the traditional year-end moves: Tax planning at the end of the year involves a few basic ideas: if you can, defer taxable income to the following year; if you can, accelerate tax deductions into this [...]
Tags: Tax Tips
Here is 12 year old Michael Jackson singing my favorite Christmas song, The Little Drummer Boy: Bookmark & Share:
Tags: News
BusinessWeek reports that the stock price of the second largest tax preparation company, Jackson Hewitt Tax Service Inc., plunged 23 percent, the worst on the New York Stock Exchange, after its bank partner cut off funds for tax refund loans: Jackson Hewitt, the No. 2 tax preparer behind H&R Block Inc., dropped $1.34 to $4.50 at [...]
Tags: News · Regulation of Tax Preparers
