Red Cross President and CEO – and former IRS Commissioner – Mark Everson has resigned after a request to do so by the Red Cross Board of Governors. His resignation was submitted following information he was “engaged in a personal relationship with a subordinate employee.” The Board “concluded that the situation reflected poor judgment on…
Taxpayer asks: Quick question from a slightly embarrassed newbie. Although I’ve been working as an hourly consultant for a few years, this year is the first year during which ALL of my income was received via 1099-MISC (I’m not incorporated in this state (Georgia), invoice an onsite consulting firm for my hours, and have checks…
The Philippines have issued a statement clarifying that their ongoing tax amnesty program also applies to estate tax. It’s not a 100% clean slate but does give immunity from prosecution to qualified applicants. The program also imposes an “amnesty tax” of 5% on certain transactions depending on the types of taxpayers and their capitalization (for…
I think so. But Jim over at Small Business Boomers begs to differ – and he takes issue with the Small Business and Entrepreneurship Council’s criteria. Find out what he thinks matters. And then I want to know what your own criteria is when deciding where to site your business: taxes? workforce? quality of life?…
Every year about this time, I get a lot of questions about deducting sales tax paid versus state and local income tax paid on your federal income taxes. Mostly, this comes up because your pockets are stuffed with receipts and you’re wondering whether you should keep them. First, the important part: this option has been…
He was the “expert in civil rights legislation” (according to his own web site who was convicted of federal tax evasion, money laundering and bankruptcy fraud charges. Yagman’s hearing for sentencing was earlier this week. He has asked the court to spare him jail time based on his health and the potential for personal harm…
What are you thankful for this holiday season?
HM Revenue and Customs (HMRC) in the UK – sort of the equivalent of the IRS in the US – has lost computer disks containing confidential details of 25 million child benefit recipients. As a result, the UK’s top tax official and head of the HMRC, Paul Gray, has resigned. How did it happen? In…
One of the most closely guarded secrets in the history of sports is about to be revealed: exactly how much does JoePa get paid? The Pennsylvania Supreme Court has ruled that the Penn State University football coach’s salary must be made public. The request had initially been made by a newspaper (The Patriot-News in Harrisburg)…
It’s always nice when someone reads my blog and is reminded of a tax professional that they like and respect. And that’s the case for this week. Phil, over at Slacker Manager, recommended Robert as a good interview for me… and he was right! An added bonus? I have a new podcast feed to look…
