Blog Profile / ATaxingMatter


URL :http://ataxingmatter.blogs.com/tax/
Filed Under:Business & Finance / Taxes
Posts on Regator:493
Posts / Week:1.8
Archived Since:March 8, 2011

Blog Post Archive

Lloyd Doggett Nails the GOP Corporate Tax "Reform" Proposal

Congressional Republicans have just released their "new" corporate tax proposal. As usual for the GOP, the proposal again calls for steep cuts in the corporate tax rate. Lloyd Doggett, the Texas Democrat and member of the House Ways and Means...

Religion and Tax--not an easy issue

The Atlantic magazine has an article in the May 3 2016 issue asking "Should Courts Get to Define Religion?" The article deals with a Catholic shrine in Attleboro Massachusetts, Shrine of Our Lady of LaSalette, that covers almost 200 acres...

IRS Scrutiny of 501(c)(3)s

As most everybody is aware by now, the IRS has been under considerable strain for a number of years from budget and staff reductions that have left it underfunded, understaffed, and under pressure. This is part of the right's effort...

172 rightwingers on the Republican Study Committee want to "terminate" the tax code

Somehow it seems that the more absurd the congressional Republicans get, the greater their hubris and gall in proposing ideas that would hit government programs hard and create havoc for critically important government activities. The latest is the right-wing "Republican...

Defending the IRS Against Right-Wing Attacks

The IRS is a government agency that endures all kinds of hostile attacks. Most people don't really like to pay taxes. Even I don't really "like" paying taxes, though I do recognize the importance of paying taxes and supporting the.....

Another Right Wing Propaganda Tank Piles On Tax Complexity Bandwagon

As noted in my last post, part of the fanaticism that is surging in the current obstructionist Congress relates to taxes (quel surprise...). The JEC ran a hearing on Wednesday targeting "complexity" in the tax code as a source of...

Should simplicity be a primary goal of tax reform?

I was at a housewarming party last Saturday and talked to quite a few people I didn't know. One was an economics professor at a regional school. Naturally, economists and tax professors gravitate towards talk about the economy and tax...

Finance Committee acts/doesn't act on important Tax Court, Social Security, and HHS Appointments

As the Senate Finance Committee continued work on its markup yesterday, it approved several important nominees for positions in the Social Security Administration and in the Tax Court, but failed to move forward the nomination of the current Acting Deputy...

Senate Finance Committee cuts tax return preparer regulation

As most tax practitioners realize, many people who hold themselves out as "tax return preparers" actually know nothing about the tax laws and may even assist their clients in cheating on their taxes by inventing home offices, travel-away-from-home expenses, or...

Bernie Sanders at The Monitor Breakfast

In an extraordinarily frank breakfast exchange with journalists, Bernie Sanders answered a number of questions about his views and the direction he thinks the country needs to move. As usual, the press tended to ask "horse-race" questions rather than substantive...

Kuretskis Seek Certiorari at Supreme Court about Tax Court

Peter and Kathleen Kuretski submitted a 2007 tax return showing they owed almost $25,000 but they didn't pay a penny. In the administrative process within the IRS, they sought approval of an "offer in compromise" where they would pay $1000...

Election Puzzle

The elections got me down. I must admit that I am truly puzzled by the American electorate--that is, the very small slice of American voters that actually makes it to the polls and votes. We know that many of the...

The result of taxpayers' financial bailout of GMAC

GMAC, as most of you likely know, was General Motors' financial group. GMAC had originated as a means for the auto company to support the market for autos through its wholly owned lending group. But as with most corporate enterprises,...

Return to Blogging

Most readers of this blog may be wondering what happened to create a long-term hiatus in entries on A Taxing Matter. Surely, you will say, it could not be for lack of topics, as inversions, FATCA, arguments about extenders and...

Both the rich and ordinary Americans misunderstand their economic interests

There is class warfare going on, right now, all across this country. It's highlighted by the election gimmicks and gambits of those on the right who claim to be supporting ordinary Americans but whose real intentions show in the results. Show More Summary

AICPA tax accountants have a new leader

The following is today's press release from AICPA announcing the selection of Troy Lewis to head the AICPA Tax Executive Committee. Troy K. Lewis Named Chairman of AICPA Tax Executive Committee Washington, D.C. (October 22, 2014) – The American Institute...

Time to end redistribution upwards: minimum wage increases would boost economy and lift all boats.

No matter how much the business lobby complains about the "business costs" of increasing the minimum wage, legislators should look past that self-serving ideology and look at reality. Workers have contributed to increased productivity but received a stagnant to declining...

Does Lowering Corporate Tax Rates Create Jobs? Answer is a resounding "no"

For years (decades, actually), the American pro-wealthy right has argued that lowering corporate tax rates will create jobs. That is the presumed purpose behind the push by Dave Camp to enact a tax reform package with lower corporate rates, and...

FATCA Agreement with France

On November 14, the US Treasury Department announced that it had signed an agreement with France relating to the implementation of the 2010 Foreign Account Tax Compliance Act (FATCA) law. That makes the 10th such agreement signed between the US...

IRS will issue summonses for offshore bank account info

The IRS got court orders permitting it to see information about taxpayers with undisclosed offshore bank accounts from US banks. In re the Tax Liabilities of John Does (SDNY No. 1:13-mc-00377 Nov. 12, 2013). According to BNA Daily Tax RealTime...

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