Miserable, Awful & Delayed: Commissioner, Tax Advocate Talk 2015 Tax Season

Worried about the upcoming tax season? So are IRS Commissioner John Koskinen and National Taxpayer Advocate Nina Olson. I sat down with both of them to talk about challenges for the upcoming season, including coping with budget cuts, increased compliance concerns due to ACA, FATCA and the extenders and a delay to the tax season.

Berlusconi Sentenced For Tax Fraud, On Trial For Sex Crimes

Che scandalo! It feels like something out of a Hollywood movie: a once powerful world leader in court on a series of charges including tax fraud, sex crimes and a police cover-up, a Moroccan dancer as the victim and the hunky actor, George Clooney as a potential witness (honestly, how many times do you see the word “hunky” in a tax post?). But it’s really happening. Former Italian Prime Minister Silvio Berlusconi was sentenced this week for his role in a tax fraud scheme. He was accused of using a series of offshore companies to buy TV rights for nearly …

More on Romney’s Tax Returns

Here’s the thing about taxes: every bit of our current tax policy offers some insight into our collective approach to social behavior. Specifically, a lot of tax focuses on what we value – and why. It’s why I find tax policy so fascinating and why the tax geeks among us continue to hone in on the specifics in the Tax Code rather than always looking that the “tax due” figure on returns. And I think it’s why even those of you who won’t admit to being tax geeks (well, out loud, anyway) gather around the water cooler and/or your computers …

IRS Commissioner To Step Down Following Presidential Election

As expected, Internal Revenue Service (IRS) Commissioner Doug Shulman, the 47th commissioner to serve, has officially announced his plans to step down at the end of his term. That makes November 9, 2012, his last day in office. Shulman has served as IRS Commissioner since March 24, 2008. Shulman had already indicated earlier in the year at a Q&A at the National Press Club that he would be stepping down after his term ended. Commissioners generally only serve one term after being appointed and no Commissioner has served longer than five years since the office was created by Congress by …

What The VP Debate Taught Us About Romney/Ryan – and Didn’t Tell Us About Tax

Two minutes isn’t a lot of time to talk about taxes. It’s even less time when you’re trying to get in zingers and tout your platform. That’s what makes debates both fun and frustrating. During the Vice Presidential debate, VP hopeful Paul Ryan referred to his tax plan but didn’t offer any specifics. There was pressure to offer more about the plan than he did on [entity display=”Fox” type=”organization” subtype=”company” active=”true” key=”fox” natural_id=”fred/company/91215″]Fox[/entity] News when he refused to talk numbers, saying, “it would take me too long to go through all the math.” But numbers are important. And math is …

Getting To Know You Tuesday: Christopher J. Wittich

This week, we head out to the midwest to meet our tax pro. Christopher J. Wittich is a supervisor in the tax department at Boyum & Barenscheer PLLP with offices in Minnesota (see how I totally didn’t mention the Vikings there and I could have?). Christopher also blogs for the firm at www.BoyBarCPA.com/blog. Here’s what Christopher had to say: 1. Where are you now? Sitting in my cubicle surrounded by my four monitors. 2. What’s your official title and what does it mean? Tax Supervisor at Boyum & Barenscheer PLLP which means I prepare and review tax returns, do research …

Getting To Know You Tuesday: Dr. Casey Carder

I’ve mentioned before that one of my favorite bits about the GTKYT series is that it runs the gamut from attorneys to accountants to enrolled agents from all over the world and all stages of career life. This week is no different. I’m happy to introduce Dr. Casey Carder who is the Deputy Director for Arkansas Tobacco Control in Little Rock. Her email is signed with a badge of which I have to confess, I am extremely envious (note to my design guy, Mike Meulstee: must get a taxgirl badge). Here’s what Casey had to say: 1. Where are you …

Judge Wants Tax Increase To Defend Against (Possible) Civil War

In Lubbock County, Texas, there’s talk of a tax increase. The increase is to be 1.7 cents per $100 for the next fiscal year, boosting the rate to 34.6 cents from the current rate of 32.9458 cents. The increases have been touted for a number of reasons. This week, on Fox TV, Lubbock County Judge Tom Head explained why he favors an increase. He wants additional funding to retain attorneys at the county level, expand the sheriff’s deputy staffing to decrease call times and minimize officer fatigue, prevent a civil war… Oh wait. What? Yeah. In an interview about the …

Getting to Know You Tuesday: Jennifer L. Lamb

One of the things that I love about being able to do this series is that it runs the gamut from attorneys to accountants to enrolled agents from all over the world and all stages of career life. This week, I get to focus on a relative “newbie”, Jennifer L. Lamb, CPA. Jennifer got her CPA license in 2010 which means that she’s been around the block enough to know her stuff but is still young enough to make those of us who have been practicing a little longer feel old. Jennifer works for Neal, Scouten, & McConnell in Chattanooga, …