New Jersey taxpayers bear one of the highest state and local tax burdens in the country, a fact that wasn’t lost on voters in the most recent gubernatorial election. Residents generally took some solace in the fact that they receive, on average, a significant amount of services from the government (including well-funded and high-performing public…
Congress might not be getting much accomplished this quarter but you can’t say they’re not trying (well, depending on your definition of “trying”). The Senate voted yesterday to not vote (yes, you read that correctly) on a measure that was billed as an “incentive to create American jobs.” The “Creating American Jobs and Ending Offshoring…
It was such a nice surprise to get up this morning and find my inbox and my Facebook wall filled with such kind birthday wishes! It means a lot to me. THANK YOU! The last year has been filled with lots of personal and professional challenges. In the midst of all of the turmoil of…
That sigh you just heard? It’s the sound of tax professionals everywhere finally breathing after the IRS issued final regulations requiring paid tax return preparers to register with the IRS to obtain a Preparer Tax Identification Number (PTIN). The move to PTINs (and associated regs) has been making news for some time now as IRS…
Oh c’mon, like you didn’t see this coming a mile away… Congress has figured out that they’re pretty much damned if they do and damned if they don’t on this tax cut issue. So they’re going with the Scarlett O’Hara strategy. You know, thinking about it “tomorrow.” Here’s the scoop: over the weekend, the Democrats…
As the debate over health care and health care costs continued to draw attention, it appeared as if the smallest of businesses, those who are self-employed, were being ignored. Most of the health care related tax breaks and credits have been focused on businesses with employees but those who are self-employed or primarily family owned…
Although the Bush tax cuts are making the most news these days (a logical focus considering the size and scope of the cuts), Congress is considering a number of other tax-related proposals. Among the concerns is what to do about the Making Work Pay Credit. The credit was only made law for two years (2009…
Interesting reading from CNN this morning that indicates that the housing market might be steadying: Existing home sales rebound in August – Sep. 23, 2010. This is clearly impossible. I mean, I’ve been reading propaganda from the National Association of Realtors articles for months now that absolutely, positively indicated that without additional housing tax credits…
Today, at a hardware store in Virginia, the GOP hopes to with their “Pledge for America.” I had hoped to upload it to the site but it’s a bit larger than my blogging software wanted to deal with: it’s an astounding 135 MB. If you want to check it out in its entirety, you’ll have…
As the debate over extending those Bush tax cuts continues, another tax break is slipping away… The Making Work Pay Credit, in place for the 2009 and 2010 tax years, is likely to not be extended to 2011 or beyond. Tax preparers (and tax software manufacturers) are likely breathing a sigh of relief. The tax…