The White House petition calling for the release of President Trump’s tax returns is still active, having garnered more than 750k signatures.
Read MoreMonth: February 2017
15 Expenses Many Taxpayers Think They Can – But Actually Can't – Claim As Tax Deductions
Most tax deductions can be applied fairly consistently with some occasional exceptions. But for most of us, the rules are pretty straightforward. Here’s a list 15 expenses that you likely can’t deduct on your individual federal income tax return:
Read More
10 Tax Breaks For Small Businesses That You Don’t Want To Miss
Are you a small business owner or a self-employed person? Here are 10 tax deductions you don’t want to miss.
Read MoreLooking For Your Tax Refund?
Have you checked your refund status this tax season by using the “Where’s My Refund?” tool? Taxpayers are anxious to find out the status of their tax refund more than ever this year.
Read MoreSo A Former DOJ Attorney Wearing A Wig Walked Into A Bar…
Attorney Jeffrey Wertkin, of Washington, D.C., was arrested and charged with attempting to sell a sealed legal complaint on January 31, 2017, after an investigation by a Federal Bureau of Investigation (FBI) Special Agent.
Read MoreThe Senate, The Warren Rebuke & Rule 19
Confirmation hearings took a dramatic turn this week with the historic rebuke of Senator Elizabeth Warren (D-MA) from Senate Majority Leader Mitch McConnell (R-KY) during the confirmation hearing for Senator Jeff Sessions (R-AL) for Attorney General.
Read MoreNumbers From IRS, Intuit Suggest A Slow Start To Tax Season
While some taxpayers are frustrated with the slow pace of tax refunds, largely driven by a new law, others have apparently decided that the rush for refunds isn’t worth their trouble. This year, tax season appears to be off to a slower start than normal.
Read MoreGuest Post: Taxing Super Bowl MVP Tom Brady
Having orchestrated the largest comeback in Super Bowl history and perhaps cementing his legacy as the greatest of all time, it is safe to assume that Tom Brady wasn’t thinking of taxes while confetti was fluttering at Super Bowl LI.
Read More
Node40 CEO: Form 1099-B Won’t Work For All Virtual Currency
New reporting requirements for virtual currency feels like a good idea but not everyone is on board with requiring virtual currency companies to issue a form 1099-B. Perry Woodin, the CEO of Node40, a blockchain governance company, believes the result would be a deeply flawed system.
Read MoreGetting To Know You Tuesday: Elliot Dole
It’s Getting To Know You Tuesday! Today’s tax professional is Elliot Dole.
Read More