As Congress continues to ponder whether the federal estate tax makes any sense, the Citizens for Tax Justice weighs in with some IRS statistics. Consider
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Data, Data Everywhere… And Only A Few Dollars A Pop!
That’s right. The IRS has announced that Zip Code Area tables for Tax Years 2002 and 2004 are available for purchase. That’s right, purchase. If
Read MoreHey You, EU!
In 2002, the 7,500 largest foreign corporations controlled by large U.S. multinational corporations held $5.8 trillion in assets and reported receipts of $2.3 trillion. Of
Read MoreNoncash Charitable Contributions
For tax year 2003 (the most recent tax year for which data is available), individuals reported noncash donations valued at $36.9 billion. These donations were
Read MoreS-s-s-s-smokin’!
Yet again, S corporations are the most popular corporate entity in the US, representing a whopping 61.9% of all corporate entities! Nearly 3.3 million S
Read MoreWhy Do I Feel Like Somebody’s Watching Me?
Because maybe there is somebody watching me. And that somebody is Uncle Sam. Yep, fresh off our firm’s annual unemployment compensation audit (we’ve been chosen almost
Read MoreNew Year, New Tax Filing Season
While the new year started for most folks on January 1, the new tax year begins for IRS on today, January 3. Just this week,
Read MoreHe’s Making A List And Checking It Twice…
Uncle Sam, that is. CNN.com reported today that tax audits are up 20%. Key on the Service’s “hit list” are small businesses. It’s difficult to
Read MorePA Tax Data
From the Pennsylvania Revenue Department: REVENUE DEPARTMENT RELEASES JULY COLLECTIONS HARRISBURG: Secretary of Revenue Gregory C. Fajt today reported that the state collected $1.7 billion
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