Last night, while at a reception for BlogHer, I was asked whether I thought that the mortgage interest deduction for homeowners would be eliminated. “Of
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Fix The Tax Code Friday: Hobby Loss Rules
I’m in Chicago today for the BlogHer Conference, where I will be speaking about blogging and tax. One topic that I plan to focus on
Read MoreStranger Things Have Happened
But not many… in the Ways and Means Committee. The Business Journal of Phoenix (how’s that for a source?) is reporting that U.S. Rep. Harry
Read MoreIRS Takes Another Look At Transgender Surgeries
Rhiannon O’Donnabhain is challenging a decision not to allow the $25,000 cost of her 2001 sex-change and breast augmentation surgeries as a tax deduction. According
Read MoreSales Tax Takes A Holiday
Each year, several states offer a “holiday” from sales tax in order to increase spending before school begins. Here are some sales tax holidays that
Read MoreFat? It’s Gonna Cost You
Well, only if you live in the UK. Our friends across the pond at Oxford University claim that charging VAT (Value Added Tax, sort of
Read MoreMea Culpa. Sort Of.
I enjoy commentary on my blog posts, especially when those who are adding to the discussion have something to say – you know, actually adding
Read MorePrecedent, Schmecedent
A federal appeals court ruled this week that awards for nonphysical injuries (emotional distress, for example) are taxable as income under the Constitution. That makes
Read MoreFix The Tax Code Friday: Protesting With Your Dollars
As the war in Iraq grows more unpopular, a new series of tax protests are gaining ground. Protesting taxes in the US is nothing new
Read MoreBut I’m Not Rich!
That’s what many folks think when asked to consider whether they will be affected by the AMT (Alternative Minimum Tax). But here’s where they’re wrong:
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