Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English.
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Bush Urges Congress To Make Tax Cuts Permanent
As his popularity continues to decline, President Bush has re-introduced legislation to extend his 2001 and 2003 or risk what he is calling “the largest tax increase in history.” Realistically, some of the cuts will likely be extended or made permanent – but not all. Bush claims, for example, that allowing the tax cuts to…
Taxes From A To Z (2013): F Is For Fellowships and Scholarships
F is for Fellowships and Scholarships. More and more students are relying on fellowships and scholarships to help defray the cost of a college education these days. For tax purposes, a fellowship is an amount paid to or on behalf of a student for research purposes. A scholarship is an amount paid to or on…
Happy Tax Day (Er, Sort Of)
On February 3, 1913, Delaware became the 36th state to ratify the Sixteenth Amendment. On February 25, 1913, then-Secretary of State Philander Knox (from Pennsylvania) announced that the amendment had been ratified by the necessary three-fourths of the states (six more states ratified the amendment after the fact). The amendment imposed a federal income tax…
Tax Law: The Musical
TaxProfBlog has a wonderful round up of tax-related songs. Here’s my favorite: Stephen Stubbs’ Taxes are Best When You Pay Nothing At All. Looking for more tax fun? Try tax haiku.
Money For Nothing: How Congress Turned Worthless Paper Into Currency
Happy Greenbacks Day! Today marks the 155th anniversary of the Legal Tender Act of 1862, an act in which Congress authorizing the printing of currency.
Is Amazon.com Playing Favorites?
Last year, New York decided to aggressively pursue a sales tax rule already on the books by expanding the definition of venue to include companies with affiliates physically present in the state. Many vendors, Amazon.com included, made a lot of noise about pulling their affiliate program; interestingly, Amazon.com didn’t go anywhere. They did, however, challenge…
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What American President said it is the responsibility of each American citizen to pay the absolute minimum amount of taxes he or she owes under the law?
McKinley