Good things come to those who wait, right? It turns out that tax season won’t begin on January 22, 2013, after all – not that we expected as much. The Internal Revenue Service has announced that it has revised its opening date for tax season, pushing it out just eight days to January 30, 2013….
So about that new tax deal… The Internal Revenue Service (IRS) doesn’t have much to say, so far, it seems. On their website, they have this headline, IRS Statement on Jan. 1 Tax Legislation Passed by Congress, which sounds promising, right? Until, of course, you read the statement which says this: The IRS is currently…
How high would taxes have to boost the cost of a pack of cigarettes before you’d stop smoking? $5 a pack? $10 a pack? $15 a pack? What about $20? That’s the plan in Australia if the government gets its way. As part of the National Tobacco Strategy, the policy framework for the Australian Government…
Here is what you need to know as the dust settles on the Congressional tax bill.
Ooh la la! Guess who’s switching from brie to borscht? Gerard Depardieu, the enigmatic French actor, has become a Russian citizen. The announcement that Depardieu had officially been approved (by President Vladimir Putin himself, apparently) followed a flurry of exchanges between Depardieu and Prime Minister Jean-Marc Ayrault over French President Francois Hollande’s plans to raise…
So as the dust settles in the Congressional tax bill, you knew it would only be a matter of time before the hyperbole started. And there it was. Just a day after the tax deal was passed, the headlines were all over the place: TAXES ARE GOING UP! Taxes will rise for most Americans! Higher…
Well, color me surprised. The House voted on the budget after all, and they voted up or down, rather than amending the Senate bill. The House voted “Yea” and they did so quite convincingly (257 YEA to 167 NAY). Here’s what the bill does: Income tax The tax cuts were extended – permanently – for…
Each year, I try to do a wrap-up of the year in tax. With so much going on this weekend in Congress, I almost didn’t get it done in time. But here, just under the wire, are the top posts of 2012. Quick warning: there are a lot of links. It’s kind of the nature…
Lots going on in D.C. today so let me catch you up to speed. The Democratic Senate reached a compromise on the budget deal in the wee hours of the morning. The deal extended tax cuts for all except those at the very top – but didn’t touch spending. That, the Senate claims, they’ll tackle…
Don’t believe the hype: there is no deal on the budget. Yes, I saw all of the headlines, too, some of them to prompt readers to write me for details. Is there a payroll tax holiday? What about the adoption credit? What’s happening to capital gains? The quick answer: nothing. What happened was this: the…