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Affordable Care Act and Your Taxes
The Affordable Care Act has been given the go-ahead by the Supreme Court on Thursday. This act requires U.S. citizens to obtain health insurance or pay a tax. The act will not be instituted until 2014,...
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Infographic: What Makes A Tax Cheater
No one really likes paying taxes, but few people actually go far enough to cheat on them. Although it seems like the media is constantly reporting cases of tax evasion, fraud etc., (this week it was...
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Infographic: Ensnared by the AMT?
Thanks to Face the Facts USA for producing this infographic explaining the Alternative Minimum Tax (AMT). Check out our original post on this subject by scrolling the above post: Forget the Cliff: Why...
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Infographic: The Most Lucrative Industries of 2012
With economic uncertainty still abound and fiscal cliff negotiations at a standstill, these industries are among the few whose profits have remained steady throughout the financial crisis. As a law...
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Final Regulations Under FATCA Address Phased-In Due Diligence, IGAs,...
The Treasury and IRS released long-awaited final regulations late on January 17 under the Foreign Account and Tax Compliance Act (FATCA), enacted as part of the Hiring Incentives to Restore Employment...
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Bowles, Simpson to the Rescue! Deficit Hawks Take on the Fiscal Cliff (again)
There is no perfect solution to our fiscal problems. However, we believe strongly and sincerely that an agreement on a comprehensive plan to bring our debt under control is possible if both sides are...
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Billions on the Line in Supreme Court Case over Foreign Tax Credits
The U.S. Supreme Court doesn’t typically hear cases on tax law, but an exception was made yesterday when arguments were heard on a high-stakes dispute between major power utility PPL Corp and the...
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IRS’ Dirty Dozen Tax Scams (Gallery)
Click on an Image to begin the slideshow! Last week the IRS released its annual ‘Dirty Dozen’ list of tax scams. Learn about the most common schemes to be on the lookout for by browsing the gallery...
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Oops, I forgot to file my tax return – What to do now
If you haven't filed your taxes or requested an extension, hope is not lost. April showers will still make May flowers, spring won't stop springing, and the tax man isn't about to kick down your door...
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Simplify the Tax Code! Oh, wait…
“In fact, the best thing we could do on taxes for all Americans is to simplify the individual tax code. This will be a tough job, but members of both parties have expressed an interest in doing this,...
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Affordable Care Act and Your Taxes
The Affordable Care Act has been given the go-ahead by the Supreme Court on Thursday. This act requires U.S. citizens to obtain health insurance or pay a tax. The act will not be instituted until 2014,...
View ArticleClik here to view.
Infographic: What Makes A Tax Cheater
No one really likes paying taxes, but few people actually go far enough to cheat on them. Although it seems like the media is constantly reporting cases of tax evasion, fraud etc., (this week it was...
View ArticleClik here to view.
Infographic: Ensnared by the AMT?
Thanks to Face the Facts USA for producing this infographic explaining the Alternative Minimum Tax (AMT). Check out our original post on this subject by scrolling the above post: Forget the Cliff: Why...
View ArticleClik here to view.
Ever heard of the wireless tax? You’d be suprised how much we’re paying...
Taxes are a fact of life. As Benjamin Franklin famously put it, “the only things certain in life are death and taxes.” But while some taxes get more attention than they deserve, other fly totally...
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U.S. House to Determine Fate of Online Sales Tax Bill
The U.S. Senate voted overwhelmingly on Monday to approve a measure allowing states to collect sales tax from online purchases. In a vote that split party lines, the Marketplace Fairness Act (MFA)...
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Can Charles Ramsey and McDonald’s learn from Oprah?
Earlier this May, while eating his McDonald’s hamburger, Charles Ramsey made the 9-1-1 call that freed Amanda Berry, Michelle Knight and Gina DeJesus from a 10-year captivity from an adjacent Cleveland...
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The taxing lives of Dwight Howard and professional athletes
Dwight Howard, a perennial NBA all-star, faces a taxing situation this off-season. Howard currently plays for the Los Angeles Lakers; however, the multi-millionaire has the option to flee the high...
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CBO Report: The Richest Americans Get the Most Tax Breaks
As seen in the 2012 presidential election, both candidates sparred often on federal expenditures and how much the government should collect in taxes. The Congressional Budget Office (CBO), a...
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The Joy of National Parks
Two current and one former writer for The Joy of Tax Law are on a one-month USA road trip. We’ve been in national parks and rural areas from Maryland to Montana, so we apologize for the lack of posts....
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Why Americans love the IRS
The IRS has admitted that its service to the public has been less than stellar. "Between 2004 and 2012 the proportion of calls on its toll-free line it managed to answer fell from 87% to 68%, and the...
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