Taxes

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  • TV Me

    Roth & Company, P.C
    Joe Kristan
    16 Apr 2014 | 8:04 pm
    My interview on KCCI-TV about the Iowa Tuition and Textbook (and prom) Credit can be seen here.  It was at the end of my April 15 workday, so anything short of drooling on my shirt is a success.
  • Obama, Biden 2013 tax bills

    Bankrate.com » Taxes
    Kay Bell
    15 Apr 2014 | 9:05 am
    America's leaders have filed their tax returns. How does your 1040 compare?
  • What would you say in a letter to the IRS? Former Secretary of Defense Donald Rumsfeld decries tax code complexity

    Don't Mess With Taxes
    skbell1
    16 Apr 2014 | 11:13 am
    I've occasionally jotted a note on a 1040. Usually it was to bring Internal Revenue Service attention to an attachment I included or to explain why an examiner might find an entry, shall we say, intriguing. But for the most part, I don't carry on written conversations with the tax man or woman. Donald Rumsfeld, however, takes a different position. The former secretary of defense who most recently served in the George W. Bush administration apparently writes a letter to the IRS each year and sends it along with his tax return. We know this thanks to Rummy's announcement on Twitter: Rumsfeld,…
  • What To Do if You Missed the Tax Deadline

    About.com Tax Planning: U.S.
    15 Apr 2014 | 8:30 pm
    Filing a tax return after the April 15th deadline typically isn't any different than the normal procedures. Be sure you have all your tax-related documents for income and deductions, prepare your tax returns, review the return for completeness and accuracy, and file the tax return with the IRS. Tax software is still available. Web-based Free File tax software also remain operative through October 15th. (After October 15th, Web-based tax software will go offline to transition to next year's software system.)...Read Full Post
  • Tax Saving Tips for Parents

    PRO-TAX
    11 Apr 2014 | 5:00 am
    ____________________________________________________________ Your children are such a great part of your life; they're smart, funny, and they say and do amazing things all the time, don't they? On top of all that, they may help you qualify for some valuable tax benefits. We want you to be aware - if you aren't already - of eight ways your children might save you some money on your taxes. (All of the forms and documents referred to below can be read or downloaded from irs.gov by clicking the links): Your children may be your Dependents.  In all but a few cases, you can claim your…
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    PRO-TAX

  • Tax Saving Tips for Parents

    11 Apr 2014 | 5:00 am
    ____________________________________________________________ Your children are such a great part of your life; they're smart, funny, and they say and do amazing things all the time, don't they? On top of all that, they may help you qualify for some valuable tax benefits. We want you to be aware - if you aren't already - of eight ways your children might save you some money on your taxes. (All of the forms and documents referred to below can be read or downloaded from irs.gov by clicking the links): Your children may be your Dependents.  In all but a few cases, you can claim your…
  • It's Not Too Late to File - for 2010!

    4 Apr 2014 | 5:00 am
    How many deadlines happen on April 15?Just about everybody knows that the federal income tax returns for 2013 are due April 15 of each year. Of course, the IRS generally grants an extension to file the Form 1040—although any taxes due still need to be paid by April 15 – see below for more information on extensions. Did you file a return for 2010?There is another important deadline for April 15, 2014; it is also the last day for anyone who did not yet file for the 2010 tax year to get it done. The law provides a three-year window for taxpayers to send in their returns, and that…
  • ACA News: Extra Time for Enrollment in Health Insurance!

    28 Mar 2014 | 7:36 am
    If you have been planning to purchase insurance on the health insurance marketplace (or “exchange”) in your state, but haven’t yet done it, you may have a little more time. On March 26, 2014, Health and Human Services (HHS) announced that although they are not officially changing the March 31 individual enrollment period for everyone, they will provide a grace period to consumers who start the individual application on the HealthCare.gov website by March 31, but are unable to complete the process by the end of that day. "We are experiencing a surge in demand and are…
  • Affordable Care Act - Open Enrollment Ends 3/31/2014

    11 Mar 2014 | 10:21 am
    This is to remind you about Open Enrollment for health insurance. If you don’t have coverage yet, or even if you do have it but want to find out about other options, help is available at the Health Insurance Marketplace for your state (also called "the Exchange"). No taxpayer is required to use the Marketplace, but if you need health insurance, it may be right for you. The Marketplace is where you can find coverage options that fit your budget and meet your needs. To find the Marketplace that serves your state, go to www.healthcare.gov,  The federal…
  • Beware of Tax-Time Scams!

    7 Mar 2014 | 5:00 am
      Although there are always scammers trying to divert our money away from us, the worst of these seem to take place during the income tax filing season. This season is no different. The IRS has provided us with the following scam warnings so we can protect ourselves and avoid becoming victims of these criminals.Don’t fall for phone and phishing email scams that are using the IRS as a lure. Identity thieves often pose as the IRS using a fake refund scheme, or blasting you with warnings to pay past-due taxes.Remember that the IRS doesn’t initiate contact with taxpayers by…
 
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    Don't Mess With Taxes

  • Missed the tax deadline? Quit making excuses for not filing and take these three steps now

    skbell1
    17 Apr 2014 | 11:25 am
    April 15 came and went without you. Maybe you had a good excuse for not filing. Much better, I hope, than this guy's glib offering at Twitter's #TaxDayExcuses: The nonfiling excuses are still coming in today over at Twitter. Go ahead and enjoy reading them. But if you are part of that group, you also need to do something about your oversight ASAP. Accruing costs: The bottom line is that despite your reasons for neglecting your Tax Day duties, it's likely costing you. When you don't file your annual federal tax return -- and pay any tax due -- by April 15, you could end up…
  • What would you say in a letter to the IRS? Former Secretary of Defense Donald Rumsfeld decries tax code complexity

    skbell1
    16 Apr 2014 | 11:13 am
    I've occasionally jotted a note on a 1040. Usually it was to bring Internal Revenue Service attention to an attachment I included or to explain why an examiner might find an entry, shall we say, intriguing. But for the most part, I don't carry on written conversations with the tax man or woman. Donald Rumsfeld, however, takes a different position. The former secretary of defense who most recently served in the George W. Bush administration apparently writes a letter to the IRS each year and sends it along with his tax return. We know this thanks to Rummy's announcement on Twitter: Rumsfeld,…
  • Weekly Tax Tips are back!

    skbell1
    15 Apr 2014 | 11:48 pm
    For most of us, tax filing season 2014 is over. Around 10 million of us, however, asked the Internal Revenue Service for more time, up to Oct. 15, to send in our 1040s. And taxes are a constant consideration, especially if we want to make sure we pay Uncle Sam the smallest possible amount. So the Weekly Tax Tip is back! Every Wednesday, starting today, April 16, and going through the end of the year, you'll find a featured tip in the upper right column of the ol' blog. Check it out for ways to finalize your 2013 return if you got an extension, cut your 2014 tax bill, make filing in…
  • Extended tax filing deadlines for certain Colorado, Washington State and Massachusetts taxpayers

    skbell1
    15 Apr 2014 | 1:03 pm
    April 15 is the federal individual income tax filing deadline. It's also the filing deadline for tax returns in 38 states and the District of Columbia. But sometimes those deadlines get extended. That's generally good news for filers, but sadly it's also usually because something bad happened. Washington State mudslide tax relief: That's the case for residents of the Oso, Wash., area. That community in Snohomish County was declared a major disaster area after a deadly mudslide on March 22. Snohomish County, Wash., April 4, 2014 -- Local rescue crews erect American flags at…
  • Happy Tax Day 2014! Now quit partying and file something!

    skbell1
    15 Apr 2014 | 8:00 am
    April 15 is finally here! You can celebrate after you file something. As today's final 2014 filing season Daily Tax Tip points out, you have two choices as to what to send the Internal Revenue Service. You can finish and file your 2013 tax return. Or you can submit an extension request. Choose one option or be prepared to pay the IRS more money. Uncle Sam is serious about getting some sort of official document from you today. He actually has stiffer penalties for not filing than not paying. So get to work on one or the other. Timely filing: The IRS considers your return as filed on time…
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    Our Taxing Times

  • The Annual Extension Post

    trishmc
    27 Mar 2014 | 8:15 am
    There is a little less than 3 weeks left before your 2013 tax return is due. So what if you can’t get your return done in time to file by then? You can file an extension. It can be done electronically or by filing a paper Form 4868 by April 15th. And it does have to be postmarked or electronically filed by April 15th. After that time, the extension won’t help you. As the tax filing deadlines approach, I get calls from clients wanting me to file an extension for them. It’s easy to do electronically; set up a file and send. I don’t need signatures. What I do need is to know about what…
  • Get In Here

    trishmc
    26 Mar 2014 | 7:43 am
    20 Days; 8 Hours That’s what my countdown calendar said the time remaining until 6pm CDT on April 15th.  Three of those days are Sundays so that realistically gives you 17 days to come see me. Early in the season I, like most tax bloggers, wrote a post about preparing for your tax return appointment. But right now I’d like to make a few special suggestions. Please don’t make an appointment you can’t keep. And if you do have to cancel, please call and let me know. I need all the work time I can squeeze out of the office hours. I have some work that can be done after I clear my desk…
  • Dear Telemarketer

    trishmc
    25 Feb 2014 | 7:51 am
    Dear Telemarketer – please understand that I am tired and swamped and the one reason I am addressing this issue now is that I want to post something to the blog today. But I also have a point to make: I do not owe you my time. You called me. I didn’t request your call or the product you are selling. I will give you a limited amount of time but I expect you to use it well or I will end the call. Don’t get huffy because I tell you to lose the script and tell me what you want. Don’t lie to me and pretend that we’ve talked before or that I’ve bought from you. It won’t work and I…
  • Brokerage Statements

    trishmc
    24 Feb 2014 | 12:45 pm
    A quick post about a problem I see occasionally, brokerage statements. Actually, my problem is clients who don’t bring in the whole statement. I know you think you’re helping me by just giving me the pages with the 1099INT, 1099DIV and 1099B gross proceeds info. But sometimes there is info in those pages you leave at home. Things like the sources for your Tax-Exempt interest. Or, percentages of your mutual funds in US treasury securities. Or the info on the securities you sold this year. I need that info to accurately prepare your return and possibly save you tax money. It’s always…
  • The IRS Lost!

    trishmc
    11 Feb 2014 | 10:34 am
    A quick timeout from tax returns! Today the D.C. Circuit Court of Appeals handed the IRS a setback. In a unanimous decision it rejected the IRS’s appeal of the Loving decision. Back in 2010, the IRS set up tax preparer licensing regulations. Besides requiring an annual renewal of the PTIN (Preparer Tax Identification Number), the IRS was requiring that all tax preparers pass a test and take 15 hours of continuing education hours each year. This would give them the RTRP designation. Enrolled Agents, CPAs and tax attorneys were exempt from the regulations because they are already regulated.
 
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    Tax-News.Com Live Tax Headlines

  • Tax-News.com: Sharjah Free Zone Teams Up With Dubai Bank

    17 Apr 2014 | 1:57 pm
    Tax-News.com: The Commercial Bank of Dubai and Hamriyah Free Zone Authority have signed a Memorandum of Understanding to deepen trade and commercial co-operation in the zone as well as throughout the United Arab Emirates.
  • Tax-News.com: Andorra Credit Outlook Negative Despite Fiscal Reforms

    17 Apr 2014 | 12:43 pm
    Tax-News.com: Despite an ongoing reform of the Andorran tax structure and efforts to diversify the economy, international ratings agency Standard and Poor's has attached a negative outlook to Andorra's A-/A-2 long- and short-term sovereign credit ratings.
  • Tax-News.com: Egypt Committed To VAT And An Equitable Tax Base

    17 Apr 2014 | 12:41 pm
    Tax-News.com: Egypt's interim Government is currently drafting tax law amendments to expand the tax base and to tackle tax evasion and avoidance, Egypt's newly appointed Finance Minister, Hany Kadry Dimian, said.
  • Tax-News.com: IRS Issues 2014 Foreign Housing Tax Deduction Limits

    17 Apr 2014 | 12:36 pm
    Tax-News.com: The Internal Revenue Service has issued Notice 2014-29 that provides inflation-adjusted limitations on foreign housing expenses for the 2014 tax year, and shows that Hong Kong, Moscow, and Geneva are judged to be the three most expensive foreign cities to live in for purposes of the United States tax code's foreign housing exclusion.
  • Tax-News.com: Hong Kong Tackling Buyer's Stamp Duty Evasion

    17 Apr 2014 | 12:34 pm
    Tax-News.com: Following a question in the Legislative Council, Hong Kong's Secretary for Transport and Housing, Anthony Cheung Bing-leung, has explained the Stamp Office's efforts to verify whether property purchases excluded from the scope of the Buyer's Stamp Duty were in fact carried out by Hong Kong permanent residents.
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    About.com Tax Planning: U.S.

  • Tax Reform Act of 2014, Part 5, Employee Benefits

    16 Apr 2014 | 10:20 pm
    House Ways and Means Committee Chairperson Dave Camp released draft legislation, the Tax Reform Act of 2014, proposing a wide variety of changes to America's tax system. In part 5 of a series, we look at proposals for changing employee benefits....Read Full Post
  • What To Do if You Missed the Tax Deadline

    15 Apr 2014 | 8:30 pm
    Filing a tax return after the April 15th deadline typically isn't any different than the normal procedures. Be sure you have all your tax-related documents for income and deductions, prepare your tax returns, review the return for completeness and accuracy, and file the tax return with the IRS. Tax software is still available. Web-based Free File tax software also remain operative through October 15th. (After October 15th, Web-based tax software will go offline to transition to next year's software system.)...Read Full Post
  • Tax Day

    15 Apr 2014 | 3:40 am
    Today, April 15th, 2014, is the day that tax returns are due to the IRS. You either need to file your tax return or file an extension. I recommend filing an extension. An extension is a formal request for additional time to file a tax return. The IRS automatically grants extensions, as long as you file Form 4868 to ask for one....Read Full Post
  • Where to Mail Tax Returns, Tax Payments and Extensions to the IRS

    14 Apr 2014 | 2:00 am
    The Internal Revenue Service has different addresses for different types of documents being mailed. Here's links to pages on the IRS.gov Web site with the relevant mailing addresses: Addresses for sending in a tax return and extension forms (Form 1040 and related tax forms, and Form 4868) ...Read Full Post
  • Reminder: IRA Contributions Due by April 15th

    11 Apr 2014 | 3:40 am
    If you're planning on contributing to an individual retirement account (IRA), be aware that the deadline for making contributions for tax year 2013 is April 15, 2014. People can contribute up to $5,500 to a Traditional IRA or Roth IRA or some combination of the two. Taxpayers age 50 or older may contribute $6,500. To be eligible to contribute to an IRA, a person needs to have income from wages, self-employment, or alimony....Read Full Post
 
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    THE WANDERING TAX PRO

  • THANK GOD IT'S OVER!

    15 Apr 2014 | 2:00 am
    THANK GOD IT'S OVER!!!! I AM OFF TO THE JERSEY SHORE TO RECOVER - AND TO WRITE MY ANNUAL "THAT WAS THE TAX SEASON THAT WAS" POST.
  • WHERE THE FAKAWI?

    15 Mar 2014 | 3:53 am
     It has not gotten that bad yet . . . Only one month to go and I have either completed, received, or heard from all but about a dozen clients (that I expect to attempt to file on time).  The "to be done" boxes are chock-a-block.   Forget the corn - the pile of 1040s to do is as high as an elephant's eye! I had at one point cleaned out the "red file" box (need more info), but it has grown again.  I am getting them done as the missing information arrives. There are 14 returns received in February that must be done before I begin on packages received in…
  • THE FIRST WHERE THE FAKAWI OF THE TAX SEASON

    1 Mar 2014 | 4:15 am
    One month down - one and a half to go!As I say good-bye to February I have either done, received, or made arrangements with 55% of my client list – a bit ahead of last year.  I have completed 84 returns, the same number as last year at this time.  So I am not behind on that front.  However that is only an average of 3 per day.  I need to double that average!  Receipt of tax preparation income is up 39.5% from last year.  The fees have not increased, but some returns cost more this year because of additional work.  That is certainly good (although some of…
  • THE TWELVE DAYS OF TAX SEASON

    1 Feb 2014 | 1:00 am
    Now it is time for what you have been waiting a year for - the annual February 1st tradition here at THE WANDERING TAX PRO of posting “The Twelve Days of Tax Season” -  On the first day of tax season my client gave to me a Closing Statement for the purchase of a home. On the second day of tax season my client gave to me 2 W-2 forms. On the third day of tax season my client gave to me 3 mortgage statements. On the fourth day of tax season my client gave to me 4 Salvation Army receipts. On the fifth day of tax season my client gave to me 5 Form K-1s. On the sixth day of tax season my…
  • TAX SEASON HIATUS

    31 Jan 2014 | 4:00 am
    Joy to the world - tax season’s here.I’ll soon be flush with cash!Let every client be organized,and give me all I need, and give me all I need,and give me all I need to prepare their returns!My 43rd tax season will officially begin tomorrow - let the deluge begin!As is my custom, due to the demands of the filing season I will be taking my annual “tax season hiatus” from posting to THE WANDERING TAX PRO. Between now and April 15th I will barely have time to relieve myself let alone blog!  Nor will I have time to respond to comments. If a comment requires a response I will do so…
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    Start Making Sense

  • NYU Tax Policy Colloquium, week 11: Nirupama Rao's "The Price of Liquor Is Too Damn High: State-Facilitated Collusion and the Implications for Taxes"

    17 Apr 2014 | 6:10 am
    On Tuesday, we discussed the above paper, which was our second (the first being Saul Levmore, week 1) to discuss the choice and interplay between "tax" and "regulatory" instruments.  The paper concerns the measures states take to limit or control alcohol consumption, often with evident secondary (or should I say primary) aims of empowering cartels and favoring local over out-of-state producers.Alcohol clearly is a good subject for Pigovian taxation.  Drunk driving accidents are certainly the clearest example of negative externalities resulting from alcohol consumption, but not…
  • My article on Henry Simons has finally been published

    16 Apr 2014 | 6:26 am
    My article on Henry Simons, which I presented at a Florida State University Law Review symposium a bit over a year ago, has finally officially appeared in print.  You can find it here.The abstract goes something like this: "Surely just about everyone in the U.S. federal income tax field has heard of Henry Simons, if only for his famous definition of “personal income.”  Few may realize, however, that this proponent of 'drastic progression' in a broad-based income tax was also a self-described libertarian who generally denounced government economic regulation and was arguably the…
  • NYU book event regarding my international tax book

    15 Apr 2014 | 6:52 pm
    I'm very much looking forward to the following event, more fully described here."Fixing U.S. International Taxation by Daniel Shaviro – Monday, April 28th, 12:30 PM to 1:50 PM – Vanderbilt Hall Room 220, 40 Washington Square South:"Please join us for a discussion of Professor Daniel Shaviro’s current book, Fixing U.S. International Taxation (Oxford University Press, 2014). "Following a presentation by Professor Shaviro of key themes from the book, leading experts in the field will offer commentary.  We are thrilled that Martin Sullivan, Chief Economist at Tax Analysts…
  • NYU Tax Policy Colloquium, week 10: Susannah Tahk's "The Tax War on Poverty"

    15 Apr 2014 | 6:46 pm
    Last Tuesday (April 8), Susannah Tahk of the University of Wisconsin Law School presented the above-named paper.  As noted in an earlier post, I was forced by external circumstances to fall short of my usual practice of promptly posting here a discussion of the issues that the paper raises.  But better late than never.The paper documents and evaluates the rising use of tax provisions to do heavy lifting with respect to programs that are aimed at aiding the poor.  The most important example is the rise of the EITC, including its refundable element, and the relative decline of…
  • Tax day

    15 Apr 2014 | 12:13 pm
    As usual, I filed early via Turbo Tax.  I gave up doing it by hand some years ago, for reasons that include:(1) Potential alternative minimum tax liability if you live in a high-tax jurisdiction such as New York, California, or Washington D.C.  Whether one ends up owing it or not, what a hassle to have to do the computation.(2) The nightmare of, say, forgetting $100 of gross income until you are almost done.  With Turbo Tax, you just enter it and the computer does the rest.  If you're preparing your return by hand, any calculation that depended on adjusted gross income has…
 
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    MauledAgain

  • Once Again, What’s a Tax?

    James Edward Maule
    16 Apr 2014 | 5:01 am
    Six years ago, in What’s in a Tax Label?, I noted that calling a tax increase a “loophole closer” doesn’t change the reality that a tax increase is in the works. The following year, in Please, It’s Not a Tax, I argued that calling a parking fine a “curb tax” was nothing more than an attempt to use anti-tax sentiments to fight proposed increases in parking fines. Last year, in The “Rain Tax”?, I made the same point with respect to a storm water management fee. It seems that rather than sticking to a standard definition of tax, people who oppose something call it a tax because…
  • Can a Dead Person Be a Dependent?

    James Edward Maule
    14 Apr 2014 | 5:45 am
    As the April 15 deadline approaches, it seems appropriate to take a look at one of the more “interesting” attempts at a tax deduction to have come to my attention. In a series of 13 Crazy Tax Deductions, one described the attempt of an 85-year-old taxpayer to claim dependency exemption deductions for her parents. According to the tax return preparer, who declined to include the parents on the tax return as dependents, the taxpayer showed him a copy of “the instructions,” and claimed that all the tests had been met, namely, the parents had no income, were related to her, did not file a…
  • More Tax Colors

    James Edward Maule
    11 Apr 2014 | 5:01 am
    On Wednesday, in The Colors of Making and Taking, I noted the correlation between states that pay in fewer federal tax dollars than they take out in federal expenditures and the tax policy philosophy of those states as indicated by their political color, and the correlation between states that pay in more federal tax dollars than they take out in federal expenditures and the tax policy philosophy of those states as indicated by their political color. Those who are anti-tax seem quite happy to be among the takers even though their mantra in being anti-tax rests principally on a distaste for…
  • The Colors of Making and Taking

    James Edward Maule
    9 Apr 2014 | 5:01 am
    A column several days ago in the Philadelphia Inquirer, Where’s the money go? Often, to other states, caused me to think a bit about the great divide that many of those on the right claim exists in this country. To them, the divide isn’t between the one percent and the 99 percent, but between “makers” and “takers.” They view this divide as unjustified, with “takers” riding on the backs of the “makers.”The column in question pointed out several realities that deserved attention. All are interrelated.First, though the government collects revenue, it also puts money back into…
  • How Shocking is Tax Evasion?

    James Edward Maule
    7 Apr 2014 | 5:01 am
    A few days ago, I heard a story on the local news radio about tax evasion charges being brought against the owners of a pizza shop. I didn’t think much of it, because, for me, tax evasion indictments are an unfortunate yet not uncommon event. But some time later, I saw a posting by a cousin on facebook, referencing instance of the story, accompanied by a comment of “what’s the world coming to?”By reading the story I learned that those who had been charged own a chain of pizza shops, that they are “landmark” stores, and that three are in Ocean City, New Jersey. The indictment…
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    accountingweb.com

  • How to Become Your Firm's Change-Maker

    Julie Lubetkin
    17 Apr 2014 | 11:00 am
    You want to be the change-maker—the innovator who drives the firm forward? Take this quiz to see if you're ready to be a leader, the firm member who makes waves.
  • High Impact Excel: iPad Edition

    AccountingWeb
    17 Apr 2014 | 10:22 am
    In this presentation Excel expert David Ringstrom, CPA covers Excel for iPad from top to bottom. In one hour you'll learn everything you can—and cannot—do in Excel for iPad. You'll be able to determine whether Excel for iPad is worth $99/year to you or not.
  • Bramwell’s Lunch Beat: China Is a Hotbed for Accounting Fraud

    Jason Bramwell
    17 Apr 2014 | 9:48 am
    The menu for April 17 features specials on a pitch for valued added tax, IRS chief reiterating rewrite of 501(c)(4) guidelines, Starbucks moving European headquarters to London to pay more tax, and more.
  • High Impact Excel: Table Edition

    AccountingWeb
    17 Apr 2014 | 8:01 am
    In this presentation Excel expert David Ringstrom, CPA brings you up to speed on the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well. Uncover power of this feature, but also get the low-down on the conflicts it can pose with other aspects of Excel.
  • Auditing Special Purpose Frameworks: Risk Assessment

    Larry Perry CPA
    17 Apr 2014 | 5:32 am
    We'll now focus on risk assessment at the financial statement level; a Client Acceptance and Continuance Form can facilitate the risk assessment process.
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    TaxProf Blog

  • National Law Journal: Is Now the Ideal Time to Enroll in Law School?

    Paul Caron
    17 Apr 2014 | 1:23 pm
    Following up on yesterday's post: National Law Journal, Theory: The Time Was Never Better to Enroll in Law School: Is now the ideal time to enroll in law school? Steven Freedman, assistant dean for admissions at the University of Kansas School of Law, has been making the counterintuitive case that...
  • Gamage Presents A Framework for Analyzing the Optimal Choice of Tax Instruments Today at Indiana

    Paul Caron
    17 Apr 2014 | 1:00 pm
    David Gamage (UC-Berkeley) presents A Framework for Analyzing the Optimal Choice of Tax Instruments, 68 Tax L. Rev. ___ (2014), at Indiana-Bloomington today as part of its Tax Policy Colloquium Series hosted by Leandra Lederman: What mix of policy instruments should governments employ to raise revenues or to promote distribution?...
  • Fleischer Presents The Inferiority of Pigouvian Taxes Today at Washington

    Paul Caron
    17 Apr 2014 | 12:05 pm
    Victor Fleischer (San Diego) presents The Inferiority of Pigouvian Taxes at the University of Washington today as part of its Graduate Tax Program Colloquium Series: Pigouvian (or "corrective") taxes have become the favored policy instrument to address activities that cause negative externalities. There is considerable academic support for Pigouvian taxes...
  • Solomon Presents Tax Policymaking in the United States Today at Temple

    Paul Caron
    17 Apr 2014 | 11:00 am
    Eric Solomon (Director of National Tax Practice, Ernst & Young, Washington, D.C.) presents The Process for Making Tax Policy in the United States: A System Full of Friction, 67 Tax Law. ___ (2014), at Temple today as part of its Tax Policy & Administration Colloquium Series hosted by Alice Abreu...
  • Mazur Presents Tax Policy and the Economy Today at Florida

    Paul Caron
    17 Apr 2014 | 10:30 am
    Mark Mazur (Assistant Secretary for Tax Policy, U.S. Treasury Department) presents Tax Policy and the Economy at Florida today as the Fourth Annual Ellen Bellet Gelberg Tax Policy Lecture in the Graduate Tax Program. Prior lectures: Jane Gravelle (Senior Specialist, Congressional Research Service), The Corporate Income Tax—A Persistent Policy Callenge...
 
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    Texas State & Local Tax Law Blog

  • Comptroller Candidate Mike Collier: Reforming the Tax Administration function

    Alan E. Sherman
    17 Apr 2014 | 2:00 pm
    The race to be the new Texas Comptroller of Public Accounts is between two candidates: Mike Collier, CPA, a Democrat, and State Senator Glenn Hegar, a Republican. Mr. Collier has announced a specific plan for reforming the Comptroller’s tax administration function, so today’s post covers his plan. Senator Hegar’s plan, when released, will be addressed in a future post. The full text of Mr. Collier’s tax administration reform plan appears after the jump, followed by a few comments. Readers are also invited to submit their questions and comments, either in the…
  • Another franchise tax win for a Texas taxpayer

    Alan E. Sherman
    14 Mar 2014 | 10:00 am
    It’s not been a happy couple of years for the Texas Attorney General’s tax lawyers who’ve represented the Comptroller of Public Accounts in state court tax litigation. That’s because Texas courts have been siding with taxpayers far more often than most experienced practitioners can remember, from Zimmer US, Inc. v. Combs, decided by the Third Court of Appeals at Austin in 2012 (discussed in a prior post on this site captioned “The Comptroller has to abide by the plain language of the agency's own rules”), to last month’s opinion from the same court in…
  • Texas franchise tax reporting after claiming federal bonus depreciation

    Alan E. Sherman
    13 Mar 2014 | 5:00 am
    With this year’s filing date approaching for the revised Texas franchise tax, the so-called “margin tax,” businesses with Texas operations should take a look at a recent internal memorandum from the office of the Texas Comptroller of Public Accounts. The memorandum, sent by the Manager of the Tax Policy Division to the Manager of the Audit Division, is captioned “Bonus Depreciation” and is indexed in the Comptroller’s State Tax Automated Research (STAR) System as Document Accession No. 201401856L (January 30, 2014). In the memorandum, Tax Policy reminded…
  • There could be a runoff in the GOP primary for Texas Comptroller

    Alan E. Sherman
    5 Mar 2014 | 6:30 am
    [UPDATED 3/8/14: State Rep. Harvey Hilderbran has withdrawn from the race to be the Republican nominee for Texas Comptroller. So there won't be a runoff, and State Sen. Glenn Hegar will be the GOP nominee. He will face Mike Collier, a Democrat, in the November general election.] As of this morning, the unofficial results on the Texas Secretary of State's Election Night Returns Page shows that no candidate received a majority of the votes in the Republican primary race for Texas Comptroller of Public Accounts. But it's a real nail biter. With 99.95% of precincts reporting statewide -…
  • The Comptroller's latest Tax Policy News issue and an upcoming rule roundtable

    Alan E. Sherman
    27 Feb 2014 | 4:00 am
    The Texas Comptroller of Public Accounts has just published the March 2014 issue of the Tax Policy News, the agency’s electronic tax policy newsletter, on the Comptroller’s website, the Window on State Government. This latest issue catches up on many developments since the last issue, dated October, 2013, including the status of several rule changes that occurred between last November and the present time. The March issue also announced that the Comptroller’s Tax Policy Division plans to hold a roundtable discussion on proposed changes to Rule 3.284 (Drugs, Medicines,…
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    Roth & Company, P.C

  • TV Me

    Joe Kristan
    16 Apr 2014 | 8:04 pm
    My interview on KCCI-TV about the Iowa Tuition and Textbook (and prom) Credit can be seen here.  It was at the end of my April 15 workday, so anything short of drooling on my shirt is a success.
  • Last day reminder list

    Joe Kristan
    15 Apr 2014 | 5:59 am
    Programming note: Tax Roundups will return next week.  I’m taking a few days off, so it will be quiet around here.  Today is the last day of tax season, and the last day to do some important things.  They include: - File or extend your 1040s today.  Remember, it’s always better to extend than amend.  If you are waiting on a K-1, or some other piece of information, just extend, and save yourself the trouble of redoing your return. - File or extend any partnership returns due today.  The penalty for late filing is $195 per late K-1, per month.  The penalty still applies even…
  • Filing season tip: leave tracks when you file.

    Joe Kristan
    14 Apr 2014 | 7:32 am
    No Tax Roundup today, for reasons easily guessed by many readers. As a green 25 year-old staff accountant, I was assigned to deliver a 1040 with a six-figure balance due to a local captain of industry who happened to be the biggest client in the local office of one of the national accounting firms. It was April 15. I was to collect his signature and his check and get the return to the post office. One of the first things you learn at a national public accounting firm is the importance of covering your backside. After collecting the return and check I went down to the old Capitol Square post…
  • Tax season tip: when you owe and can’t pay.

    Joe Kristan
    13 Apr 2014 | 5:57 am
    It happens every year. Sometimes there are even good reasons. The return is ready, the taxpayer owes a bunch, and the cash isn’t there. You don’t have any investments you can turn into cash immediately. What to do? DON’T BLOW IT OFF. The worst thing you can do is to just put your head in the sand. If you don’t file anything, you start to accrue a monthly penalty of 5% of any amount you owe the IRS. 60% APR almost makes a car title lender look reasonable (though the total penalty maxes out at 25%). Interest also accrues on the unpaid taxes and penalties. Once you start digging this…
  • Prom weekend filing season tip!

    Joe Kristan
    12 Apr 2014 | 5:57 am
    Flickr image courtesy Randy Kashka under Creative Commons license. Prom season coincides with tax season. If you are up late doing your tax return tonight while waiting for your daughter to come home, don’t forget that some of the money she’s spending tonight may reduce your Iowa taxes. Iowa offers a Tuition and Textbook Credit of 25% of the first $1,000 of qualifying expenses.  Check out what we consider “textbooks” in Iowa: Textbooks defined “Textbooks” means books and other instructional materials used in teaching those same subjects. This includes fees, books, and…
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    RUBIN ON TAX

  • ARTICLE ABSTRACT: Proposed Regulations on Debt Allocations: Controversial, and Deservedly So

    Charles (Chuck) Rubin
    16 Apr 2014 | 1:30 pm
    TITLE Proposed Regulations on Debt Allocations: Controversial, and Deservedly So AUTHOR(S) RICHARD M. LIPTON PUBLICATION Journal of Taxation, April 2014 PUBLISHER WG&L ABSTRACT Addresses proposed modifications to Section 707 and 752 Regulations relating to partnership indebtedness. The author is very critical of the changes to the Section 752 rules.   Proposed regulations discussed include Example 12 in Prop.Reg. 1.707-5(g) relating to Code §707 disguised sale rule when debt proceeds of multiple liabilities are distributed, modifications to Code §707 disguised sale rules relating…
  • ARTICLE ABSTRACT: Minimize Capital Gains Tax of Estates, Trusts, and Beneficiaries

    Charles (Chuck) Rubin
    13 Apr 2014 | 5:12 am
    TITLE Minimize Capital Gains Tax of Estates, Trusts, and Beneficiaries AUTHOR(S) Nicholas E. Christin, William A. Snyder PUBLICATION Estate Planning Journal, April 2014 PUBLISHER WG&L ABSTRACT Trusts are taxed at the highest rate on capital gains at a very low income threshold ($12,150 in2014), as well as being subject to the 3.8% Medicare tax on capital gains at the same low threshold. Lower overall taxes will often be available if capital gains are included in DNI and distributed to beneficiaries. General review of Treas. Regs. §1.643(a)-3 rules on inclusion of capital gains in DNI.
  • LLC PREFERRED INTEREST QUALIFIES FOR MARITAL DEDUCTION

    Charles (Chuck) Rubin
    6 Apr 2014 | 6:15 am
    In a recent private letter ruling, the question was raised whether an LLC interest that received a preferred return with additional LLC cash flow going to other common interests could qualify for the marital deduction if funded into a QTIP trust. The IRS ruled that the property did qualify for the marital deduction. However, this was based on certain elements being present – absent their presence the ruling may not have been issued. These key elements were: 1. The QTIP trust itself had all the Section 2056(b)(7) requisite elements, including required income distributions and limits on…
  • KNOWLEDGE OF EXECUTOR’S ATTORNEY IMPUTED TO EXECUTOR FOR CLAIMS ACT LIABILITY

    Charles (Chuck) Rubin
    4 Apr 2014 | 4:49 pm
    Two individuals were appointed as co-executors of an estate. The decedent had not filed income taxes for a number of years. The attorneys prepared tax returns for the missing years, and the IRS assessed taxes against the estate. Without knowledge of the tax liabilities (at least according to the executors), the executors distributed funds out of the estate (coincidentally to the executors). The estate was left with insufficient assets to pay the income tax liabilities of the estate. Under 31 USC 3713, a fiduciary of an estate is liable for the tax obligations of the estate to the extent it…
  • SELF-MADE WILL ENDS UP COSTING MUCH MORE THAN THE DRAFTING EXPENSES SAVED

    Charles (Chuck) Rubin
    30 Mar 2014 | 3:10 pm
    The drafting half of our law firm knows that drafting dispositive documents that are clear, effective, tax-efficient, and not subject to dispute, is no easy task. Except in the simplest of circumstances, we view pre-printed forms and self-help drafting websites as something to be avoided. They don’t usually bring a smile to our faces. The probate and trust litigation half of our firm does smile about these forms and websites – they often bring litigation and thus additional work for that part of the firm. For an example of the pitfalls of self-drafting and the litigation it breeds, read…
 
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    Tax Problem Attorney Blog

  • Will the Justice Department Seek Extradition of Swiss Bankers Charged With Aiding and Abetting Tax Evasion by U.S. Citizens?

    5 Apr 2014 | 1:30 am
    According to two U.S. Senators, Switzerland has not sought extradition of a single Swiss national charged with criminal conduct that was related to aiding and abetting U.S. tax evasion for more than five years. In a recent letter authored by Senator Carl Levin and Senator John McCain, they urged that the IRS and Department of Justice (DOJ) act more aggressively to prosecute Swiss nationals aiding and abetting tax evasion and other crimes. Of course, if more Swiss bankers were prosecuted it would likely result in more names of U.S. taxpayers being disclosed so that the Swiss bankers could…
  • A Tale of Two FBAR Doctors and Why Even a Quiet Voluntary Disclosure May be Valuable

    7 Mar 2014 | 6:00 am
    The tax evasion conviction of Dr. Edward Picardi was upheld by the Eighth Circuit last month. Also upheld was his conviction for failure to file Foreign Bank Account Reports (FBARs), Form TDF 90-22.1. Picardi was sentenced to five years in jail. According to the Department of Justice press release and various press reports, Picardi was advised by attorney and CPA Anthony Kritt on setting up an "employee leasing program." Picardi entered into a contract with an offshore corporation to lease his services as a physician. That company in turn contracted with Professional Leasing Services, Inc. a…
  • Mizrahi Bank of Israel Offshore Account Holder Pleads Guilty to Criminal Tax Violations

    27 Feb 2014 | 6:00 am
    A Mizrahi Bank customer pled guilty to filing a false tax return in connection with an undisclosed criminal tax investigation of undisclosed foreign accounts. According to a tax lawyers have seen in the past. The problem with this scheme is that when uncovered, it provides clear evidence of criminal tax evasion. To add insult to injury, when he filed his tax returns not only did he not report the interest income generated on the Mizrahi Bank account in Israel, he deducted the interest he paid to the Mizrahi Bank branch in Israel as a business deduction. The unreported interest income amounted…
  • Taxpayer Advocate's 2013 Report to Congress Again Critical of Offshore Voluntary Disclosure Program (OVDP) for Unreported Foreign Bank Accounts (Part I)

    24 Jan 2014 | 6:00 am
    The Foreign Bank Account Reports (FBARS), FINCEN Form 114, (this form was previously designated as TDF 90-22.1), has again been roundly criticized by the tax litigation attorneys have known for years: that the OVDP is unfair in both design and application. In lieu of the OVDP, the Taxpayer Advocate has recommended a disclosure system which divides FBAR non-filers into three categories. Category 1. Full relief from FBAR and information reporting penalties. This would be available to those who underreported income by a de minimis amount, defined at least as high as the IRC Section 6662(d)…
  • Collection Due Process (CDP) Hearing Requests Sent to the Wrong IRS Office Creates Tax Problems

    17 Jan 2014 | 6:00 am
    For the IRS to issue a Collection Due Process or CDP Notice. The CDP Notice is required by Internal Revenue Code Section 6330. The CDP notice is generally issued by the IRS on either Form LT-11 or Letter 1058, and it is titled "Notice of Intent to Levy and Right to Request A Hearing." These letters give a taxpayer, who owes the IRS money, 30 days to file a request for a hearing with the Internal Revenue Service's Appeals Division. More on this in a moment. If the taxpayer doesn't request a Collection Due Process hearing IN WRITING within the 30-day period, then the IRS may immediately begin…
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    Taxable Talk

  • Bozo Tax Tip #1: The Eternal Hobby Loss

    Russ
    14 Apr 2014 | 8:59 pm
    The goal of must businesses is to make money. There aren’t many businesses that can lose on each sale and make it up in volume. In fact, I don’t know of any. But I digress…. So let’s take Sam and Edna, two successful individuals who love horses. They decide to start raising horses. They remember their accountant telling them that if they had a business that loses money they can take the loss and offset some of their income. That’s true. They don’t remember their accountant telling them that the business does need to be structured to make money eventually.
  • Bozo Tax Tip #2: Hot Air

    Russ
    13 Apr 2014 | 8:57 pm
    Congress has decided to legislate through the Tax Code. There are hundreds of tax credits that now exist. These range from the Earned Income Credit, education credits, electric vehicle credits, and adoption credits. Some of these credits, such as the Earned Income Credit, are refundable credits: You can get a refund based on the credit even if you don’t have income. Now, the Bozo mind works differently than yours and mine. They see a tax credit and think, “How can I get some free money? I’ll find a tax credit and the government will just send me money!” So our Bozo…
  • Bozo Tax Tip #3: Be Suspicious!

    Russ
    10 Apr 2014 | 8:52 pm
    Another repeat, but one that is a continual issue with cash business. It may be “cash and carry,” but cash is taxable in all ways. And cash reporting (or lack thereof) can be a problem. Anyway, let’s be suspicious: Given my practice area, I deal with individuals who occasionally make large cash deposits. I tell them that they shouldn’t mind the completion of a Currency Transaction Report. The IRS gets so many of them that as long as you’re paying your taxes it’s not a big deal. On the other hand, if you break up your $11,000 transaction into two $5,500 deposits, you can get in…
  • Bozo Tax Tip #4: Honey, You Don’t Exist!

    Russ
    9 Apr 2014 | 8:48 pm
    Ah, Spring is in the air. And with that come the inevitable wedding invitations. I had an invitation to a wedding on April 5th. No, I didn’t attend. With weddings comes changes in tax status. Your marital status on December 31st determines your marital status for the year. If you are married, you file as Married Filing Jointly or Married Filing Separately. (In some rare cases, if you’re married you can file as Head of Household.) But you can’t file as single. Likewise, if you’re single you can’t file as married. Perhaps it’s something in the water, but this year Aaron and I…
  • Bozo Tax Tip #5: Procrastinate

    Russ
    7 Apr 2014 | 8:40 pm
    Today is April 8th. The tax deadline is just seven days away. What happens if you wake up and it’s April 15, 2013, and you can’t file your tax? File an extension. Download Form 4868, make an estimate of what you owe, pay that, and mail the voucher and check to the address noted for your state. Use certified mail, return receipt, of course. And don’t forget your state income tax. Some states have automatic extensions (California does), some don’t (Pennsylvania is one of those), while others have deadlines that don’t match the federal tax deadline (Hawaii state taxes are due on April…
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    L & R Tax Preparation LLC RSS Feed

  • IRS Warns Taxpayers of Pervasive Telephone Scam

    1 Apr 2014 | 7:00 am
    The Internal Revenue Service is warning consumers about a sophisticated phone scam targeting taxpayers throughout the country. Here's what you need to know.
  • What Income is Taxable?

    1 Apr 2014 | 7:00 am
    Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there's more to it than that. Keep reading to learn more.
  • Lost Your Job? There Could Be Tax Consequences

    1 Apr 2014 | 7:00 am
    If you were one of the many people who lost your job this year or last, you should be aware that you will have certain unique tax considerations. Continue reading to find out what they are.
  • Five Last Minute Tax Tips for 2014

    1 Apr 2014 | 7:00 am
    Are you one of the millions of Americans who haven't filed (or even started) your taxes yet? With the April 15 tax filing deadline less than a week away, here's some last minute tax advice for you.
 
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  • Can you spot all the little secrets in Pixar films?

    17 Apr 2014 | 3:48 pm
    Can you spot all the little secrets in Pixar films?APFrom 'Toy Story' to 'Up,' there are hidden references to past films ... and teases of movies yet to come.'Hunt' people are going wild overMore to see Team hosts 'Seinfeld' nightMassive 600-lb game of Jenga
  • Huge cargo ship runs aground in Chesapeake

    17 Apr 2014 | 3:48 pm
    Huge cargo ship runs aground in Chesapeake APThe massive 751-foot-long vessel drew onlookers at Virginia Beach earlier this week.Explanation the Coast Guard gave for why its anchors failedMore newsNew allegations against 'Scandal' star Model arrested in torture case
  • Nobel Prize-winning author dies at 87

    17 Apr 2014 | 3:48 pm
    Nobel Prize-winning author dies at 87GettyGabriel Garcia Marquez 'exposed readers to Latin America's passion, superstition, violence and inequality.'Possibly literature's best-known practitioner of magical realismMore in the newsLeaders call for end to drug warCities with the best street art
  • Something on beach caught woman's eye ...

    17 Apr 2014 | 3:48 pm
    Something on beach caught woman's eye ...GettyShe thought it was a bottle cap. Then, she realized it was a wedding ring that was probably very special.Funny 6-word inscription that has gone viralLove is in the airJenny McCarthy engagedStar duo to kick off joint tour
  • Chelsea Clinton reveals she's pregnant

    17 Apr 2014 | 3:48 pm
    Chelsea Clinton reveals she's pregnantGettyDuring a speech on Thursday, the former first daughter broke the news that she and her husband are expecting their first child.Approximate due date she divulgedMore newsObamacare signups hit 8 million Chipotle planning price hike
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  • Can you spot all the little secrets in Pixar films?

    17 Apr 2014 | 3:48 pm
    Can you spot all the little secrets in Pixar films?APFrom 'Toy Story' to 'Up,' there are hidden references to past films ... and teases of movies yet to come.'Hunt' people are going wild overMore to see Team hosts 'Seinfeld' nightMassive 600-lb game of Jenga
  • Huge cargo ship runs aground in Chesapeake

    17 Apr 2014 | 3:48 pm
    Huge cargo ship runs aground in Chesapeake APThe massive 751-foot-long vessel drew onlookers at Virginia Beach earlier this week.Explanation the Coast Guard gave for why its anchors failedMore newsNew allegations against 'Scandal' star Model arrested in torture case
  • Nobel Prize-winning author dies at 87

    17 Apr 2014 | 3:48 pm
    Nobel Prize-winning author dies at 87GettyGabriel Garcia Marquez 'exposed readers to Latin America's passion, superstition, violence and inequality.'Possibly literature's best-known practitioner of magical realismMore in the newsLeaders call for end to drug warCities with the best street art
  • Something on beach caught woman's eye ...

    17 Apr 2014 | 3:48 pm
    Something on beach caught woman's eye ...GettyShe thought it was a bottle cap. Then, she realized it was a wedding ring that was probably very special.Funny 6-word inscription that has gone viralLove is in the airJenny McCarthy engagedStar duo to kick off joint tour
  • Chelsea Clinton reveals she's pregnant

    17 Apr 2014 | 3:48 pm
    Chelsea Clinton reveals she's pregnantGettyDuring a speech on Thursday, the former first daughter broke the news that she and her husband are expecting their first child.Approximate due date she divulgedMore newsObamacare signups hit 8 million Chipotle planning price hike
 
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  • Can you spot all the little secrets in Pixar films?

    17 Apr 2014 | 3:48 pm
    Can you spot all the little secrets in Pixar films?APFrom 'Toy Story' to 'Up,' there are hidden references to past films ... and teases of movies yet to come.'Hunt' people are going wild overMore to see Team hosts 'Seinfeld' nightMassive 600-lb game of Jenga
  • Huge cargo ship runs aground in Chesapeake

    17 Apr 2014 | 3:48 pm
    Huge cargo ship runs aground in Chesapeake APThe massive 751-foot-long vessel drew onlookers at Virginia Beach earlier this week.Explanation the Coast Guard gave for why its anchors failedMore newsNew allegations against 'Scandal' star Model arrested in torture case
  • Nobel Prize-winning author dies at 87

    17 Apr 2014 | 3:48 pm
    Nobel Prize-winning author dies at 87GettyGabriel Garcia Marquez 'exposed readers to Latin America's passion, superstition, violence and inequality.'Possibly literature's best-known practitioner of magical realismMore in the newsLeaders call for end to drug warCities with the best street art
  • Something on beach caught woman's eye ...

    17 Apr 2014 | 3:48 pm
    Something on beach caught woman's eye ...GettyShe thought it was a bottle cap. Then, she realized it was a wedding ring that was probably very special.Funny 6-word inscription that has gone viralLove is in the airJenny McCarthy engagedStar duo to kick off joint tour
  • Chelsea Clinton reveals she's pregnant

    17 Apr 2014 | 3:48 pm
    Chelsea Clinton reveals she's pregnantGettyDuring a speech on Thursday, the former first daughter broke the news that she and her husband are expecting their first child.Approximate due date she divulgedMore newsObamacare signups hit 8 million Chipotle planning price hike
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  • Can you spot all the little secrets in Pixar films?

    17 Apr 2014 | 3:48 pm
    Can you spot all the little secrets in Pixar films?APFrom 'Toy Story' to 'Up,' there are hidden references to past films ... and teases of movies yet to come.'Hunt' people are going wild overMore to see Team hosts 'Seinfeld' nightMassive 600-lb game of Jenga
  • Huge cargo ship runs aground in Chesapeake

    17 Apr 2014 | 3:48 pm
    Huge cargo ship runs aground in Chesapeake APThe massive 751-foot-long vessel drew onlookers at Virginia Beach earlier this week.Explanation the Coast Guard gave for why its anchors failedMore newsNew allegations against 'Scandal' star Model arrested in torture case
  • Nobel Prize-winning author dies at 87

    17 Apr 2014 | 3:48 pm
    Nobel Prize-winning author dies at 87GettyGabriel Garcia Marquez 'exposed readers to Latin America's passion, superstition, violence and inequality.'Possibly literature's best-known practitioner of magical realismMore in the newsLeaders call for end to drug warCities with the best street art
  • Something on beach caught woman's eye ...

    17 Apr 2014 | 3:48 pm
    Something on beach caught woman's eye ...GettyShe thought it was a bottle cap. Then, she realized it was a wedding ring that was probably very special.Funny 6-word inscription that has gone viralLove is in the airJenny McCarthy engagedStar duo to kick off joint tour
  • Chelsea Clinton reveals she's pregnant

    17 Apr 2014 | 3:48 pm
    Chelsea Clinton reveals she's pregnantGettyDuring a speech on Thursday, the former first daughter broke the news that she and her husband are expecting their first child.Approximate due date she divulgedMore newsObamacare signups hit 8 million Chipotle planning price hike
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  • Can you spot all the little secrets in Pixar films?

    17 Apr 2014 | 3:48 pm
    Can you spot all the little secrets in Pixar films?APFrom 'Toy Story' to 'Up,' there are hidden references to past films ... and teases of movies yet to come.'Hunt' people are going wild overMore to see Team hosts 'Seinfeld' nightMassive 600-lb game of Jenga
  • Huge cargo ship runs aground in Chesapeake

    17 Apr 2014 | 3:48 pm
    Huge cargo ship runs aground in Chesapeake APThe massive 751-foot-long vessel drew onlookers at Virginia Beach earlier this week.Explanation the Coast Guard gave for why its anchors failedMore newsNew allegations against 'Scandal' star Model arrested in torture case
  • Nobel Prize-winning author dies at 87

    17 Apr 2014 | 3:48 pm
    Nobel Prize-winning author dies at 87GettyGabriel Garcia Marquez 'exposed readers to Latin America's passion, superstition, violence and inequality.'Possibly literature's best-known practitioner of magical realismMore in the newsLeaders call for end to drug warCities with the best street art
  • Something on beach caught woman's eye ...

    17 Apr 2014 | 3:48 pm
    Something on beach caught woman's eye ...GettyShe thought it was a bottle cap. Then, she realized it was a wedding ring that was probably very special.Funny 6-word inscription that has gone viralLove is in the airJenny McCarthy engagedStar duo to kick off joint tour
  • Chelsea Clinton reveals she's pregnant

    17 Apr 2014 | 3:48 pm
    Chelsea Clinton reveals she's pregnantGettyDuring a speech on Thursday, the former first daughter broke the news that she and her husband are expecting their first child.Approximate due date she divulgedMore newsObamacare signups hit 8 million Chipotle planning price hike
 
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  • Can you spot all the little secrets in Pixar films?

    17 Apr 2014 | 3:48 pm
    Can you spot all the little secrets in Pixar films?APFrom 'Toy Story' to 'Up,' there are hidden references to past films ... and teases of movies yet to come.'Hunt' people are going wild overMore to see Team hosts 'Seinfeld' nightMassive 600-lb game of Jenga
  • Huge cargo ship runs aground in Chesapeake

    17 Apr 2014 | 3:48 pm
    Huge cargo ship runs aground in Chesapeake APThe massive 751-foot-long vessel drew onlookers at Virginia Beach earlier this week.Explanation the Coast Guard gave for why its anchors failedMore newsNew allegations against 'Scandal' star Model arrested in torture case
  • Nobel Prize-winning author dies at 87

    17 Apr 2014 | 3:48 pm
    Nobel Prize-winning author dies at 87GettyGabriel Garcia Marquez 'exposed readers to Latin America's passion, superstition, violence and inequality.'Possibly literature's best-known practitioner of magical realismMore in the newsLeaders call for end to drug warCities with the best street art
  • Something on beach caught woman's eye ...

    17 Apr 2014 | 3:48 pm
    Something on beach caught woman's eye ...GettyShe thought it was a bottle cap. Then, she realized it was a wedding ring that was probably very special.Funny 6-word inscription that has gone viralLove is in the airJenny McCarthy engagedStar duo to kick off joint tour
  • Chelsea Clinton reveals she's pregnant

    17 Apr 2014 | 3:48 pm
    Chelsea Clinton reveals she's pregnantGettyDuring a speech on Thursday, the former first daughter broke the news that she and her husband are expecting their first child.Approximate due date she divulgedMore newsObamacare signups hit 8 million Chipotle planning price hike
  • add this feed to my.Alltop

  • Can you spot all the little secrets in Pixar films?

    17 Apr 2014 | 3:48 pm
    Can you spot all the little secrets in Pixar films?APFrom 'Toy Story' to 'Up,' there are hidden references to past films ... and teases of movies yet to come.'Hunt' people are going wild overMore to see Team hosts 'Seinfeld' nightMassive 600-lb game of Jenga
  • Huge cargo ship runs aground in Chesapeake

    17 Apr 2014 | 3:48 pm
    Huge cargo ship runs aground in Chesapeake APThe massive 751-foot-long vessel drew onlookers at Virginia Beach earlier this week.Explanation the Coast Guard gave for why its anchors failedMore newsNew allegations against 'Scandal' star Model arrested in torture case
  • Nobel Prize-winning author dies at 87

    17 Apr 2014 | 3:48 pm
    Nobel Prize-winning author dies at 87GettyGabriel Garcia Marquez 'exposed readers to Latin America's passion, superstition, violence and inequality.'Possibly literature's best-known practitioner of magical realismMore in the newsLeaders call for end to drug warCities with the best street art
  • Something on beach caught woman's eye ...

    17 Apr 2014 | 3:48 pm
    Something on beach caught woman's eye ...GettyShe thought it was a bottle cap. Then, she realized it was a wedding ring that was probably very special.Funny 6-word inscription that has gone viralLove is in the airJenny McCarthy engagedStar duo to kick off joint tour
  • Chelsea Clinton reveals she's pregnant

    17 Apr 2014 | 3:48 pm
    Chelsea Clinton reveals she's pregnantGettyDuring a speech on Thursday, the former first daughter broke the news that she and her husband are expecting their first child.Approximate due date she divulgedMore newsObamacare signups hit 8 million Chipotle planning price hike
  • add this feed to my.Alltop

  • Can you spot all the little secrets in Pixar films?

    17 Apr 2014 | 3:48 pm
    Can you spot all the little secrets in Pixar films?APFrom 'Toy Story' to 'Up,' there are hidden references to past films ... and teases of movies yet to come.'Hunt' people are going wild overMore to see Team hosts 'Seinfeld' nightMassive 600-lb game of Jenga
  • Huge cargo ship runs aground in Chesapeake

    17 Apr 2014 | 3:48 pm
    Huge cargo ship runs aground in Chesapeake APThe massive 751-foot-long vessel drew onlookers at Virginia Beach earlier this week.Explanation the Coast Guard gave for why its anchors failedMore newsNew allegations against 'Scandal' star Model arrested in torture case
  • Nobel Prize-winning author dies at 87

    17 Apr 2014 | 3:48 pm
    Nobel Prize-winning author dies at 87GettyGabriel Garcia Marquez 'exposed readers to Latin America's passion, superstition, violence and inequality.'Possibly literature's best-known practitioner of magical realismMore in the newsLeaders call for end to drug warCities with the best street art
  • Something on beach caught woman's eye ...

    17 Apr 2014 | 3:48 pm
    Something on beach caught woman's eye ...GettyShe thought it was a bottle cap. Then, she realized it was a wedding ring that was probably very special.Funny 6-word inscription that has gone viralLove is in the airJenny McCarthy engagedStar duo to kick off joint tour
  • Chelsea Clinton reveals she's pregnant

    17 Apr 2014 | 3:48 pm
    Chelsea Clinton reveals she's pregnantGettyDuring a speech on Thursday, the former first daughter broke the news that she and her husband are expecting their first child.Approximate due date she divulgedMore newsObamacare signups hit 8 million Chipotle planning price hike
 
  • add this feed to my.Alltop

  • Can you spot all the little secrets in Pixar films?

    17 Apr 2014 | 3:48 pm
    Can you spot all the little secrets in Pixar films?APFrom 'Toy Story' to 'Up,' there are hidden references to past films ... and teases of movies yet to come.'Hunt' people are going wild overMore to see Team hosts 'Seinfeld' nightMassive 600-lb game of Jenga
  • Huge cargo ship runs aground in Chesapeake

    17 Apr 2014 | 3:48 pm
    Huge cargo ship runs aground in Chesapeake APThe massive 751-foot-long vessel drew onlookers at Virginia Beach earlier this week.Explanation the Coast Guard gave for why its anchors failedMore newsNew allegations against 'Scandal' star Model arrested in torture case
  • Nobel Prize-winning author dies at 87

    17 Apr 2014 | 3:48 pm
    Nobel Prize-winning author dies at 87GettyGabriel Garcia Marquez 'exposed readers to Latin America's passion, superstition, violence and inequality.'Possibly literature's best-known practitioner of magical realismMore in the newsLeaders call for end to drug warCities with the best street art
  • Something on beach caught woman's eye ...

    17 Apr 2014 | 3:48 pm
    Something on beach caught woman's eye ...GettyShe thought it was a bottle cap. Then, she realized it was a wedding ring that was probably very special.Funny 6-word inscription that has gone viralLove is in the airJenny McCarthy engagedStar duo to kick off joint tour
  • Chelsea Clinton reveals she's pregnant

    17 Apr 2014 | 3:48 pm
    Chelsea Clinton reveals she's pregnantGettyDuring a speech on Thursday, the former first daughter broke the news that she and her husband are expecting their first child.Approximate due date she divulgedMore newsObamacare signups hit 8 million Chipotle planning price hike
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    Value Added Tax Blog

  • Bloomberg BNA webinar: Sales tax and VAT

    Mark
    9 Apr 2014 | 1:39 pm
    Another BNA webinar is coming up for April 29, 12-1pm Eastern. During this live webinar, Fruchtman and Houtzager will cover: Sales Tax and VAT – what are the main similarities and differences; how does VAT work, and how do indirect taxes affect a global organization’s tax structure Tax Presence Issues: “nexus” vs. “permanent establishment” – […]
  • Italy – Web Tax, but not for VAT.

    Mark
    27 Mar 2014 | 10:18 am
    Michaela Merz is PWC’s Global VAT leader, and I recommend that you bookmark her blog – see http://michaelamerz.wordpress.com/. Michaela writes about the new (and very odd) “Web Tax” legislation in Italy. I wrote about this plan earlier here. No one has been able to explain this law in a comprehensive way, and Michaela smartly quotes Luca […]
  • Global VAT guides for 2014

    Mark
    27 Mar 2014 | 10:00 am
    Spring is in the air here on the US East Coast, and that means that the big accounting firms are publishing their global VAT reference guides. These popular guides are the most-clicked through VAT blog postings! Thus far I received guides from EY and Grant Thornton – see below. If I receive more, I will […]
  • I’m back…

    Mark
    27 Mar 2014 | 9:53 am
    .. from a grand three weeks world tour: New York – Amsterdam – Singapore – Hong Kong – Amsterdam – New York. It was a very inspiring almost-all-business trip, and I hope that this tick bite on my arm that I acquired in Singapore’s Gardens At The Bay won’t turn into something worse. Also, it […]
  • Good to be back in Singapore

    Mark
    16 Mar 2014 | 9:34 pm
    I spent the past week in Singapore on client’s business – as some of you know, I lived here from 1999 – 2001. It was good to catch up with old and new friends! Now on my way to Hong Kong and later this week on to Amsterdam.
 
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    J. Stefan - EzineArticles Expert Author

  • No Articles Found

    17 Apr 2014 | 3:43 pm
    No articles were found for the Author that was requested. This may mean that the author has no articles that are live on the site or that there may be a misspelling in the requested file. Please check the file name and try again. If you continue to have issues, please contact EzineArticles Support at http://www.ezinearticles.com/contact.html.
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    The Dinesen Tax Times by Jason T. Dinesen, LPA, E.A.

  • Another Tax Season Down — 2014 Tax Season Recap

    Jason Dinesen
    16 Apr 2014 | 4:30 am
    The “unextended” part of tax season officially ended yesterday, but it actually ended for me late last week. On Friday I finalized the last of the tax returns not going on extension, and got e-file authorization pages out to those people. So the last few days leading up to April 15th were surprisingly uneventful. Last year I was able to write about delays and problems with applying tax law. I didn’t face that problem as much this year. Instead, I’m going to write some “dear diary” thoughts that take you inside my head to show what it’s like to run a…
  • Tax Court Case Involving Radio DJ Strikes Close to Home for Me, Part 2

    Jason Dinesen
    10 Apr 2014 | 4:30 am
    On Tuesday I wrote about a Tax Court case involving a Mr. Ramirez, who was a radio station employee who sold advertising on his own, and was treated as an independent contractor in regards to his sales. This post is about my observations on this case. Observations from an Ex-Radio Guy As an ex-radio guy, several things stand out as odd about this case. One: The ruling itself. Based on the facts as presented, I can kinda-sorta see where the Tax Court was coming from in ruling that Ramirez was self-employed in regards to his promotional income. What surprises me is the setup of the whole…
  • Tax Court Case Involving Radio DJ Strikes Close to Home for Me

    Jason Dinesen
    8 Apr 2014 | 4:30 am
    I used to work in radio. I was the news director at KNOD radio station in Harlan, over in the western part of Iowa. I plan to start writing more about my past and my experiences and how it ties into my professional life. But those are different blog posts for different days. Today I want to write about a U.S. Tax Court case that caught my eye last summer. I’ve had it on my “to-blog-about” list for a long time. The case intrigued me because it involved a radio station employee who got paid by his employers as both an employee and an independent contractor. The result of the case…
  • Accounting for the Work Opportunity Credit on an Iowa Tax Return

    Jason Dinesen
    4 Apr 2014 | 4:30 am
    Question: does Iowa recognize the Work Opportunity Credit? Answer: no, but they do allow a deduction equal to the amount of credit claimed. Analysis and Background The Work Opportunity Tax Credit (WOTC) is a federal tax credit designed to reward employers for hiring people from certain targeted demographics. I went into more detail about the credit in this blog post. Iowa does not recognize the WOTC; it’s only available on federal tax returns. However, all is not lost on your Iowa return. How to Handle on the Iowa Return On the federal tax return, the amount of WOTC claimed reduces the…
  • Life After DOMA: Estate Tax

    Jason Dinesen
    2 Apr 2014 | 4:30 am
    I talk a lot on this blog about the income tax implications to same-sex married couples of the Defense of Marriage Act being struck down. But like a lot of folks, I tend to gloss over the estate tax implications because estate tax seems to affect so few people. Still, it’s important to reflect on the estate tax as it relates to same-sex married couples in this post-DOMA world. What is Estate Tax? When a person dies, their estate may be subject to estate tax if the value of the things they own (cash in the bank, the value of their property, etc.) totals more than the estate tax exemption…
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    IncomeTaxReturnIndia.com

  • Direct Tax Code 2013- Proposed changes for discussion

    Tax Dost
    10 Apr 2014 | 4:48 am
    Significant changes in the proposed Direct Taxes Code, 2013 The Income-tax Act was passed in 1961 and has been amended every year through the Finance Act. The Wealth-tax Act was passed in 1957 and has also been amended many times. Numerous amendments have rendered the two Acts incomprehensible to the … Continue reading →
  • NRI receiving ‘Income’ outside India & transfering to NRE account

    Tax Dost
    21 Feb 2014 | 6:34 am
    Indian employees working overseas often face litigation over taxation of their overseas salary income, if such salary is received in India. This is because a non-resident can be subjected to tax in India on that portion of the income which is received in India. The Income Tax Appellate Tribunal (ITAT) … Continue reading →
  • Budget 2014: No Change in Personal taxes , Reduction in excise duty on vehicles

    Tax Dost
    17 Feb 2014 | 9:57 am
      Finance Minister, P Chidambaram’s once delivered a non-populus Budget. In his interim budget in parliament today, he announced massive excise duty cuts in the auto sector making cars cheaper. -Excise duty on SUVs have been cut to 24% from 30% -Excise duty on Small cars, motor cycles, scooters and … Continue reading →
  • Landlord is not giving PAN copy for claiming HRA

    Tax Dost
    14 Feb 2014 | 12:55 am
    Rent and HRA is one of the effective tax planning tips for salaried employees. It make sense to claim full HRA tax benefit. It is now mandatory that pan copy of landlord to be submitted where actual annual rent paid as claimed by the employee exceeds Rs 1,00,000 per annum ( ie Rs. 8333.33 per month). … Continue reading →
  • ITR V due date filing has extended up to 31-3-2014 for AY 2009-10 10-11 and 11-12

    Tax Dost
    12 Feb 2014 | 9:03 am
    CBDT has extended the time for submission of ITR V for AY 2009-10, 2010-11 and 2011-12. ITR V can now be sent till 31.03.2014. ITR V has to be signed and send within 120 days of filing income tax return. If ITR V is not sent within 120 days or it … Continue reading →
 
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    Global Tax Specialist

  • Don’t Keep Your Gold and Silver in the US

    Carlton Melton
    3 Apr 2014 | 7:42 am
    Gloom Boom & Doom Report publisher Marc Faber discusses the fragile state of the US and global financial systems… how rising inflation will affect the average American… how soon the bubble will burst… and why gold and silver will triumph. Want more insightful talk on your money and investments? Subscribe now to Sound Money in […] The post Don’t Keep Your Gold and Silver in the US appeared first on Global Tax Specialist.
  • US Government Is Unaffordable and Unsustainable

    Carlton Melton
    1 Apr 2014 | 7:00 am
    US Government Is Unaffordable and Unsustainable, Says David Walker Former Comptroller General of the United States David Walker talks about the trouble with Obamacare and the sky-high national debt… how much to spend on national defense… and outlines his top 3 reforms to fix the US government. Want more insightful talk on your money and […] The post US Government Is Unaffordable and Unsustainable appeared first on Global Tax Specialist.
  • Peter Schiff Shares His Offshore Strategies

    Carlton Melton
    1 Apr 2014 | 2:00 am
    By Nick Giambruno I’d bet that most International Man readers are familiar with Peter Schiff. He is a financial commentator and author, CEO of Euro Pacific Capital, and is known for accurately predicting the 2008 financial crisis. He also has a very keen understanding of internationalization. Peter shares with me his strategies in this must-read […] The post Peter Schiff Shares His Offshore Strategies appeared first on Global Tax Specialist.
  • Complete Breakdown of Financial Controls in US Government

    Carlton Melton
    31 Mar 2014 | 11:00 am
    Complete Breakdown of Financial Controls in US Government, Says Austin Fitts Former HUD Assistant Housing Secretary and investment advisor Catherine Austin Fitts reveals her thoughts on the ever-rising debt ceiling… what Obamacare is really about (and that’s not socialized healthcare)… why over $4 trillion missing from federal programs may not be incompetence, but a covert […] The post Complete Breakdown of Financial Controls in US Government appeared first on Global Tax Specialist.
  • MF Global Sues PricewaterhouseCoopers Over Its Accounting

    Carlton Melton
    31 Mar 2014 | 8:00 am
    The John Corzine disaster that was MF Global is looking to deflect blame from itself by pointing the finger at its accounting firm. These people have the nerve to blame PwC for their investment in the shitty European debt that sank the firm. “But for PwC’s erroneous accounting advice, MF Global Holdings could not have—and would […] The post MF Global Sues PricewaterhouseCoopers Over Its Accounting appeared first on Global Tax Specialist.
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    Tax Lien Certificates - Smart Investing

  • Tax Lien Sales – Who Can Invest?

    eluke
    6 Apr 2014 | 10:00 pm
    Thіѕ ѕееmѕ tо bе оnе оf thе mоrе popular questions asked? Thе answer іѕ аlmоѕt everyone can participate in Tax Lien Sales. However, thеrе аrе ѕоmе exceptions. Fоr example, county employees аnd аn individual owing delinquent property taxes іn thе … Continue reading → The post Tax Lien Sales – Who Can Invest? appeared first on Tax Lien Certificates - Smart Investing.
  • Tax Liens – Frequently Asked Questions

    eluke
    21 Mar 2014 | 4:47 pm
    I frequently received many questions regarding both tax lien and tax deed investing. Many are from investors that are just starting out in the field but, some are from individuals that already have a few deals under their belt. From … Continue reading → The post Tax Liens – Frequently Asked Questions appeared first on Tax Lien Certificates - Smart Investing.
  • Tax Lien Certificates – Predictable, Certain, And Secure

    eluke
    3 Mar 2014 | 11:14 pm
    9EBKJS9FRSWX  Hоw wоuld уоu lіkе tо find оut аbоut аn investment vehicle thаt іѕ nоt affected bу thе topsy-turvy nature оf thе stock market? Hоw wоuld уоu lіkе tо knоw аbоut а method оf investing thаt locks іn уоur rate … Continue reading → The post Tax Lien Certificates – Predictable, Certain, And Secure appeared first on Tax Lien Certificates - Smart Investing.
  • Tax Lien Certificates Online

    eluke
    28 Feb 2014 | 10:43 pm
    A few years back tax lien certificates were sold primarily at live auctions. Tax lien investors would have to invest both time and money to travel to the auction sites. This created a problem for many individuals that wanted to … Continue reading → The post Tax Lien Certificates Online appeared first on Tax Lien Certificates - Smart Investing.
  • Tax Deed Investing

    eluke
    16 Nov 2013 | 8:39 pm
    If you’re looking to invest in real estate, Tax Deed Investing may be of interest to you. With just a little knowledge and some due diligence, it really is quite possible to get homes for as little as ten to … Continue reading → The post Tax Deed Investing appeared first on Tax Lien Certificates - Smart Investing.
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    Blog

  • Electing to Treat a Nonresident Spouse as a U.S. Resident

    Bill Hartsock
    17 Apr 2014 | 11:09 am
    If you meet the conditions of the substantial presence test, you are considered to be a U.S. resident for U.S. tax purposes. If you qualify as a U.S. resident under the substantial presence test, you may be able to have your nonresident spouse treated as a U.S.Tags: International Tax NewsRead more about Electing to Treat a Nonresident Spouse as a U.S. Resident
  • Contesting an IRS Levy

    Bill Hartsock
    11 Apr 2014 | 5:42 pm
    The US government has given the IRS incredible power to both determine the amount of taxes you owe and to perform tax collections. The good news is that you are not powerless. In this article we will take a look at IRS levies and what you can do to defend yourself by contesting them.Tags: Tax Collections Information From The Tax LawyerRead more about Contesting an IRS Levy
  • Tax Liens & Levies: Q&A with The Tax Lawyer

    Bill Hartsock
    8 Apr 2014 | 2:56 pm
    The IRS has been given tremendous power to determine what taxes you owe based on the law and information provided either through your tax return or through the research and findings of IRS auditors. Once the IRS decides how much you owe, the IRS collection department is empowered to take a variety of aggressive tax collections actions including filing a tax lien or a tax levy against you.Tags: Tax Collections Information From The Tax LawyerRead more about Tax Liens & Levies: Q&A with The Tax Lawyer
  • What Are My Options for Resolving a Tax Collection Action with the IRS?

    Bill Hartsock
    3 Apr 2014 | 11:17 am
    What the IRS has determined that a taxpayer owes a tax debt, they are entitled by the US government to begin tax collections actions. In those cases, the taxpayer has several options for resolving the Tax Collection Action with the IRS. First, the taxpayer may simply decide to pay the amount in full.Tags: Tax Collections Information From The Tax LawyerRead more about What Are My Options for Resolving a Tax Collection Action with the IRS?
  • Closer Connection to a Foreign Country

    Bill Hartsock
    1 Apr 2014 | 3:05 pm
    Non-US Citizens who meet the conditions of the substantial presence test, are considered to be a U.S. resident for U.S. international tax purposes. However, even if you qualify as a U.S.Tags: International Tax NewsRead more about Closer Connection to a Foreign Country
 
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    Express Tax Claims Blog - All Of Your Tax Based News

  • Kingdom Tower: The Breakdown

    Mandy Tagney
    14 Apr 2014 | 9:12 am
    There aren’t many occasions in the construction industry that you can get upset about. However the proposed Kingdom Tower is one of those times. The futuristic skyscraper, proposed originally in2010, is planned to be 3000ft tall and be built in Jeddah, Saudi Arabia at a cost of around £1.2 billion. However, engineers are struggling to get their heads around this massive task by experimenting with steel structures as well as pumping wet concrete up to half a mile into the sky. The weight is also an issue raised by the experts, so will they be able to get around it?  The foundations are…
  • Employers are Urged to File PAYE Tax Refund

    Mandy Tagney
    7 Apr 2014 | 8:50 am
    Do you rely on your employer to file your PAYE tax refund? Apparently, in recent news story that does not mean it is definitely going to happen.  More than 70,000 employers are being urged to send their employees Pay as you Earn information in real time or face hefty penalties. Some companies are using the excuse that they have never used the new system, however HMRC aren’t taking no for an answer. If employers fail to supply the information by the end of the year they face penalties of up to £100, which soon builds up when you have multiple employees. HMRC’s Director General for…
  • Special Introductory Offer for your 2013/2014 Tax Claim!

    Mandy Tagney
    1 Apr 2014 | 7:05 am
    This is an introductory offer available to any individual who has not yet claimed with Express Tax Claims. The offer applies to the 2013/14 tax claim only. Tax claims for any other tax year will be subject to the normal fee structure as detailed on our website. Signed Terms of Business must be received by Express Tax Claims no later than 30th June 2014 to be eligible for the Special Introductory Offer. PAYE claims 22% of the claim will be deducted from the repayment and the balance transferred to the customer, therefore 78% will be retained by the customer.  The claim and fee is based upon…
  • Get Expert Guidance on Construction Tax Rebate

    Mandy Tagney
    31 Mar 2014 | 2:40 am
    If you’re a PAYE construction worker employed on a temporary site, you could be claiming cis or paye tax rebates on a number of expenses dating back over a period of four years. If you’re working or worked on a site for 24 months or less then you are eligible to make a claim. Although it’s fairly simple to ascertain what you can make a construction worker tax claim for, the process of claiming is far more complex. It’s possible to do it yourself, but the problem with this particular claim is that it needs to be dated back four years in order to make the most of the funds available.
  • Fuel Theft on the Increase: Construction Vehicles Most at Risk

    Mandy Tagney
    24 Mar 2014 | 3:54 am
    All construction workers are in risk in terms of fuel theft. It doesn’t only cause damage to your vehicles but also lead to a loss of money and an extra tax load. The key is to educate people, make them aware. Also if you have been paying for your own transportation and fuel then you are entitled to a tax refund. You can easily submit your tax return by using our online tax return services. If you work in construction the chances are you are required to drive vehicles on site regularly. With fuel theft increasing on a weekly basis your industry is one of the largest at risk. Fuel fraud…
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