Yes, you read the title right… If you follow the blog regularly, you know that I’m a little bit obsessed with Elvis. At any rate,
Read MoreTaxes From A To Z: E Is For Early Distributions
Let’s face it… It’s been a tough couple of years for a lot of taxpayers. More and more taxpayers have reached into their savings, including
Read MoreTaxes From A To Z: D Is For Depreciation
Nothing lasts forever. Things you buy age, they wear down and sometimes, they become obsolete. That’s more or less the essence of depreciation. For federal
Read MoreTaxes From A To Z: C Is For Corrective Distributions
Retirement plans can be great vehicles for tax deferrals – but they can also be giant headaches when it comes to reporting for tax reasons.
Read MoreTaxes From A To Z: B Is For Business Mileage
Section 162 allows taxpayers to deduct expenses incurred in the course of a trade or business that are deemed “ordinary and necessary.” One of the
Read MoreFix the Tax Code Friday: Spending or Tax Cuts?
Over the past few weeks, there has been a lot of talk about states cutting spending. For example, in Wisconsin, there’s been a very public
Read MoreTaxes From A To Z: A Is For Applicable Federal Rates
First in the series: A is for Applicable Federal Rates, or AFRs. Each month, the IRS provides various prescribed rates for federal income tax purposes;
Read MoreDoes the IRS Have Your Money?
The IRS has announced that there is $1.1 billion (yes, with a b) waiting for nearly 1.1 million people who did not file a federal
Read MoreHappy Tax Day (Er, Sort Of)
On February 3, 1913, Delaware became the 36th state to ratify the Sixteenth Amendment. On February 25, 1913, then-Secretary of State Philander Knox (from Pennsylvania)
Read MoreMedicare & Self-Employed Taxpayers
See folks, this is why you should always read the comments in the blog. We’ve been having a discussion about whether Medicare Part B is
Read More