“Praise be to the IRS, that most permissive of government agencies,” is a phrase that presumably had never been uttered by anyone – until last Sunday night, when television comedian John Oliver delivered a twenty minute monologue about...Show More Summary
Don't spend wildly on your wedding, and if you do, don't claim that it was a business expense.
“All by myself…” Paul Ryan and international tax reform. The House Ways & Means chairman has his work cut out for him with his international tax plans. The Hill reports that Senate Republicans continue to express skepticism, including Senate Majority Leader Mitch McConnell, Majority Whip John Cornyn, and Senate Finance Committee Chair Orrin Hatch. Show More Summary
The Joint Economic Committee hearing last week discussed the importance of dynamic scoring —a method of estimating the effects of policy changes on the economy. Earlier this year the House of Representives passed a rule requiring...Show More Summary
Calling property taxes "unethical, unchristian-like and above all, it is thievery," tax protester Steven Piotrowski finally paid off his 2013 Montgomery County property taxes this week, preventing a sheriff's sale at the last minute. He initially decided to make a statement by paying off his bill with 83,160 pennies.
Every now and then an episode from a television court show touches on taxation. Sometimes it is tangential and sometimes it is direct. At various times during the past four years, I have commented on these cases, beginning with Judge...Show More Summary
Today, U.S. District Judge Pamela Chen sentenced former U.S. Representative Michael Grimm (RR-NY) to eight months in prison on tax related charges.
Vacation homes can offer surprising tax benefits and a rare exception from strict IRS reporting rules.
Last week, legislation was proposed in the Canadian province of Alberta that could soon change its corporate income tax rate and personal income tax starting on July 1 and October 1, respectively. Joe Ceci, the Minister of Finance, introduced the Act to Restore Fairness to Public Revenue in an effort to implement a progressive tax structure. Show More Summary
Tax season isn't over just yet! Friday, May 15, 2015, marks the filing deadline for many tax exempt organizations.
Taxes are everywhere, and that includes the Star Wars universe. In Episode I: The Phantom Menace, the opening crawl brings up taxes almost immediately: Turmoil has engulfed the Galactic Republic. The taxation of trade routes to outlying...Show More Summary
A South Florida man called in a bomb threat involving an IRS building last week. He now faces up to 10 years in federal prison.
It’s April 15. That means your taxes should be done, or extended, or ready to be filed today or extended. If […]
Get IRS Help TV – Videos to Help You With Your IRS Problems Obama wins – How will that impact your IRS Problems Marriage Protection Amendment Economic Stimulus Package Refund Checks to Be Late? IRS Collection Statute Expiration Date... The post Videos to Help You With Your IRS Problems appeared first on.
Paying for hospital stays and other out of pocket medical expenses can be expensive. What can you deduct on your tax return? And what if those expenses aren't for you but for someone else like your parents? Here's what's deductible (and what's not).
Thinking of paying your taxes in Bitcoin? That might not be so far-fetched. While you can pay your taxes now in Bitcoin using a third-party processor, states like Utah and New Hampshire are considering making it an official payment option.
The National Tax Association gave this year’s Dan Holland Medal for outstanding contributions to the study and practice of public finance to MIT professor Jim Poterba. Jim, who is also president of the National Bureau of Economic Research, is a terrific economist and one of the nicest people you’ll ever meet. Show More Summary
If you spend big on luxuries while stiffing the IRS, is that willful tax evasion? The IRS might say so, but a recent court case says you can spend away.
Maybe the pundits shouldn't be so shocked by Republican Larry Hogan's win in the Maryland governor's race. Blue state voters have done it before, when tax hikes got out of hand.
Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then. Counting devices before they hatch? Should the GOP take the Senate in November, medical device makers may see a renewed push to repeal the 2.3 percent excise tax on their products. Show More Summary