When my husband saw a bright yellow Post-it with the word “divorce” on it tacked onto my Mac, he began to worry a little. Nothing to worry about (yet – he still owes me a trip to Europe) on his part, it was just a reminder to me that I needed to finish an article…
It’s not a secret that I am a huge fan of Temple Law School’s tax program. Yes, I’m biased because it’s my alma mater. But I can back it up with real world experiences (yes, plural). In fact, having worked closely with a number of tax professionals over the years, both as colleagues and in…
It seems that nobody really knows what to do about Social Security. Or maybe it’s that lots of folks do really know, but nobody has the guts to do it… At any rate, presidential candidate Barack Obama and other Democratic presidential candidates have previously indicated that something needs to happen to save Social Security. Initially,…
Mitt Romney has said publicly that parents who home school their children should get a federal tax credit to help offset the expense of teaching. “I also believe parents who are teaching their kids at home, homeschoolers, deserve a break, and I’ve asked for a tax credit to help parents in their homes with the…
Kentucky taxpayers George and Katherine Davis have filed suit against the State of Kentucky alleging that the state violates the Commerce Clause by allowing an exemption for interest income from Kentucky municipal bonds while taxing income from out-of-state bonds. The state has argued that the Court “has never held that a law which favors government,…
I’m such a sucker for Milky Ways – especially the Milky Way Midnight (note to readers contemplating holiday gifts…). And Iowa has brought to the forefront an issue that I’ve been claiming for years: all candy bars are not created equal. Iowa has stirred up some serious candy tax controversy with its definitions of “candy”…
The Internal Revenue Service has announced that new tax glossaries are available in Chinese (simplified), Chinese (traditional), Korean, Russian, and Vietnamese. A Spanish version was previously made available online to view and as a pdf to download. The Chinese, Korean, Russian and Vietnamese versions of Publication 850 are only available as a download and not yet…
Apparently not. It’s rare that I blog about client matters. I like to keep them private for a variety of reasons, not the least of which are ethical considerations. But a recent client matter has me steamed. Really steamed. And it’s blog-worthy. I’ll keep it generic. A client had a tax matter that needed immediate…
When Iowa tax officials were looking for ways to increase revenue, they figured they would strike right at the heart of massive tax fraud: tax evasion on the sale of pumpkins. Maybe that’s a bit overstated. But there is a new policy in Iowa this year to tax pumpkins. The decision came after department officials…
The proposed permanent internet tax ban did not take pass Congress this week. While this may despite a number of folks, it was not unexpected. What did pass was an extension of the moratorium that was set to expire Thursday. The House voted 402 to 0 to extend the ban for a period of seven…