Tax Trivia Giveaway #2: Presidential Income

(Update: We have our winners!) Our second tax trivia question is: In honor of President’s Day, this question focuses on presidential tax returns. Since Richard Nixon, almost all of our U.S. Presidents (and most presidential candidates) have reported this specific kind of additional income on their tax returns. Since it’s occasional income for our Presidents, … Read more

Election Day 2010 Freebies: What Do They Mean?

This election is big for all parties. That’s both a good thing – and a not so good thing – depending on who you are. Of course, in the effort to get out the vote, we’re going to hear about allegations of voter fraud, vote tampering and bribery. Increasingly, these issues are associated with the … Read more

Yes, Some BP Payments are Taxable

Oh media, stop trying to create drama where there is none… Days after the IRS confirmed that some compensatory payments to victims of the Gulf Spill are taxable, the news is filled with sensational headlines implying that this is some kind of evil money grab by the government. Shame on those reporters. What’s happening in … Read more