Nobody, it seems, is a fan of the current Internal Revenue Code. Yesterday, however, presidential hopeful Sen. Rand Paul (R-KY) took to a California gun
Read MoreYear: 2015
2016 Tax Bills May Go Down But Tax Related Penalties Are Going Up
(Author’s note: For a refresher on the official 2015 tax rates, click here.) Today, Bloomberg BNA released their predictions for the coming tax year and
Read More2016 Tax Rates, Brackets & Exemption Amounts May Result In Lower Bills
(Author’s note: For a refresher on the official 2015 tax rates, click here.) The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI)
Read MoreCongressional Hearing On IRS Authority To License Tax Preparers Is Postponed
The hearing originally announced by Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) to mark up an original bipartisan bill
Read MoreAICPA Weighs In On Proposal To Allow IRS Authority To License Tax Preparers
Today, the American Institute of CPAs (AICPA) sent a letter (downloads as a pdf) to the Senate Finance Committee reacting to a proposal which would
Read MoreMarketplace Health Insurance Funded By Tax Credits In Most States: How About Yours?
Nearly 10 million Americans signed up for health insurance through the Marketplace exchanges in 2015, according to data released this month by the Centers for
Read MoreTreasury Secretary Lew Warns Again On Debt Ceiling: What You Need To Know
I am writing to provide an update regarding the Treasury Department’s ability to continue to finance the government, the extraordinary measures we have undertaken to
Read MoreCongress May Give IRS Authority To License Tax Preparers
Last year, Internal Revenue Service (IRS) Commissioner John Koskinen announced the Annual Filing Season Program, a voluntary and temporary program intended to fill the holes
Read MoreMaking It Rain: Alabama Considers Porn Tax On Strip Clubs, Magazines & More
Raise taxes or else. Those were the marching orders issued to the Alabama House of Representatives from Gov. Robert Bentley (R) earlier this year. Specifically,
Read MoreThe Post I Swore I Wouldn’t Write 2015
It rained a lot on yesterday: big, dramatic stormy weather. The skies were gray and dreary and it was hard to see through the thick
Read More