Posts tagged as:

United States

Citigroup Economist Says US Tax System Nearly Gave Him Nervous Breakdown

26 March 2012

If Citigroup Chief Economist Willem Buiter (and former Financial Times blogger) looks like he’s suffering through a nervous breakdown, you can blame the U.S. Tax Code. Buiter dropped the news that he nearly had a nervous breakdown simply getting his information together in order to do his taxes on a recent appearance on Bloomberg Radio. [...]

0 comments Read the full article →

The Biggest Story in Banking, Thanks to IRS

21 March 2012

Sometimes, what seems like a little story is actually quite extraordinary. That’s what happened earlier this month, when what seemed like business as usual thousands of miles away came and went without a lot of attention. That business, with the bang of a gavel, was the Swiss parliament amending their tax treaty with the United [...]

0 comments Read the full article →

Social Security Direct Deposit Tax Email A Fraud

15 March 2012

Yesterday, I was forwarded the following email, with a note asking me if I planned to comment on it: Hey you, here comes Chaka Fatta. Hopefully this will not pass, but if it does, we will have a 1% on all credit card charges. ON JANUARY 1, 2013, THE US GOVERNMENT IS REQUIRING EVERYONE TO [...]

0 comments Read the full article →

Taxes from A to Z: J Is For Job Search Expenses

14 March 2012

J is for Job Search Expenses. Despite recent news that seems to hint that the job market might be recovering, many Americans are still out of work. The prospects, however, of finding a job seem a little brighter as the U.S. continues to add jobs. If you’re one of those still searching, take heart. And [...]

0 comments Read the full article →

Taxes from A to Z: I is for Injured Spouse

13 March 2012

I is for Injured Spouse. Injured spouse is perhaps one of the most misunderstood tax terms in the Tax Code. It just carries with it all kinds of baggage and associated terms, most of which have zero to do with actually being an injured spouse. So forget all of the things you think it means. [...]

0 comments Read the full article →

Taxes From A to Z: A Is For Alimony

3 March 2012

Today, I’m kicking off my annual “Taxes from A to Z” series. As part of the series, I plan to focus on tax terms that might not get much play on a day to day basis… If you’re wondering what the heck depreciation is or how to figure out when to claim insolvency, this is [...]

0 comments Read the full article →

Citibank Issues Forms 1099 for Frequent Flyer Miles, Surprising Customers and IRS

1 March 2012

Apparently, the banking industry doesn’t have enough bad press these days. They’re going to new heights to tick off customers… quite literally. Citibank, part of Citigroup, America’s #3 bank holding company, launched a campaign offering frequent flyer miles for opening new accounts. Sounds great, right? Only there was a hitch: Citibank announced that it would [...]

0 comments Read the full article →

Supreme Court Finds Tax Crimes Are Grounds for Deportation

22 February 2012

“What’s the worst that can happen?” I get asked that a lot in the context of tax compliance. Well, as of today, there’s this: you could be deported. The Supreme Court has affirmed the ruling of the Ninth Circuit Court in KAWASHIMA v. HOLDER (615 F. 3d 1043, affirmed). In Kawashima, an immigration judge ordered [...]

0 comments Read the full article →

Eleven Tax-Favorable Valentine’s Day Gifts

14 February 2012

Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over [entity display="Philadelphia" type="place" active="true" key="pa/philadelphia"]Philadelphia[/entity]. – Judith Viorst, children’s author and believe it or not, tax activist I love Valentine’s Day. I’m a sucker for flowers and candy and goofy cards – [...]

0 comments Read the full article →

Could the Komen Charitable Catastrophe Have Been Avoided?

9 February 2012

It was the charitable shot heard round the world. Susan G. Komen for the Cure, or Komen as it is known to most donors is the largest, best known breast cancer organization in the United States (if not the world). In early 2012, the charitable organization walked into a firestorm of criticism when it announced [...]

0 comments Read the full article →

← Previous Entries

Next Entries →