IRS Backs Down, Returns Seized Cash To Family Businesses

Think you always have a right to due process? Think again. Under some circumstances, the federal government believes that it has the right to seize your property without notice and without a requirement for a speedy hearing. Taxpayers in Michigan, with the help of the Institute for Justice, are fighting back.

IRS Releases Tax Calendar For 2014

The IRS has issued its 2014 tax calendar. The tax calendar gives specific due dates for filing tax forms, paying taxes, and key federal holidays that affect individuals and businesses. Here’s what’s in store:

9 Tax-Related Myths About Selling Your Home

I am moving. It feels weird to finally say that out loud (er, yes, the blog counts as out loud). I have lived in my current home in Philadelphia for fourteen years: my entire adult life, more or less. In that time, I’ve stored up a whole houseful of memories. I have hosted Thanksgiving dinners in my dining room and cocktail parties on my porch. I brought my children home from the hospital to banners and balloons stretched across my front door. My kids learned to walk in this house and ride their bikes on the sidewalk out front. I …

Taxes from A to Z: E Is For Educator Expenses

E is for Educator Expenses. Every Friday, I volunteer in my son’s kindergarten class. I am constantly amazed at how much money his teacher spends – out of her own pocket – to buy treats, prizes, awards, snacks and crafts for her students. Last Friday, she bought Dr. Seuss paper hats, put together activity books and helped the kids make truffula tree bookmarks – all in honor of Dr. Seuss’ birthday (it was the inspiration for my Seussical tax poem). I can’t imagine how much it costs her. And yet, she does it year after year because she loves her …

Extending tax cuts eliminates uncertainty

The folks at Thomson Reuters asked me to write a piece about the Bush tax cuts and I was happy to oblige. Give it a read… I think you’ll be surprised. Extending tax cuts eliminates uncertainty | Analysis & Opinion