Today, the Internal Revenue Service made available the Proposed Regulations relating to the health insurance premium tax credit established under the Health Care Act. Or, I guess to be precise, it’s “the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the Medicare and Medicaid…
Today – or maybe tomorrow, depending on who you ask – is the 80th birthday of country music legend Willie Nelson (he says today but his birth certificate says tomorrow). He’s been making music since 1956 and his songs are so ubiquitous that even folks who don’t like country music can name a few. And…
Former GM exec Bob Lutz acknowledged that Americans wouldn’t embrace an increase to the federal gas tax – and he was right. There was a lot of reaction to my piece yesterday on Lutz’s recommendation that the federal gas tax be raised in 25 cent increments until gas prices reached $6 or $7 per gallon…
Americans are addicted to gasoline, according to retired General Motors Vice Chairman Robert A. Lutz, and there’s only one cure: higher gas taxes. Lutz, who held positions at GM, BMW, Ford, and Chrysler before returning to GM in 2001 spoke to a crowd earlier this month at the SAE (Society of Automobile Engineers) 2013 World…
When asked by a (repeat) client how to stay out of jail, criminal defense attorney Charlie Thomas offered this sage advice: Stop stealing shit. The same logic applies to taxes. If you want to avoid jail time, for the most part, the best advice is to file and pay on time. But I know that…
If you were one of the hundreds of thousands of taxpayers affected by the tax season filing snafu involving education credits – and you filed using H&R Block – you might be getting some relief. The tax preparation giant is offering $25 to its customers affected by the delay in processing individual tax returns claiming…
As it turns out, it wasn’t Lauryn Hill’s final hour after all. The singer was set to be sentenced earlier this week for failing to pay back taxes but her sentencing has been postponed for two weeks in order to make restitution. Hill was initially charged with failing to file three years’ worth of tax…
Today is April 20 or 4/20. If I get a blank stare with that proclamation, then you’re among the millions of Americans who are outside of counterculture. You see, 420 is famously (or infamously, depending on who you ask) associated with the celebration of marijuana. While there are dozens of theories about how the date…
On Monday, in the midst of all of the terrible news coming out of Boston, I was heartened to hear the stories of ordinary people acting in extraordinary ways: those who rushed toward the scene – and not away – in order to help the wounded, those marathon runners who kept running to the hospital…
One week. That’s all it took. One week after Tax Day came and went, the Internal Revenue Service will send out furlough notices to its entire workforce. According to a press release from the National Treasury Employees Union (NTEU), those notices will identify five days when the IRS will be shut down entirely – with…