Late Night Taxes

Television’s late-night hosts have entertained us since Steve Allen first took the mic on The Tonight Show back in 1954. Today’s late-night monologues riff on serious topics like international politics and economic policy, and silly topics like the “Real Housewives of Lima, Ohio.” Naturally, they’ve also weighed in on our friends at the IRS. So […]

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Very Serious Stuff

When most of us think “taxes,” we think of federal taxes – the IRS, Form 1040, and everyone’s favorite holiday, April 15. It’s true that the IRS is full of Very Serious People collecting Very Serious Taxes. But we can’t forget state and local governments either. They collect their fair share of serious taxes – […]

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More Gossip About Presidents and Taxes

If you saw your 2012 tax return splashed all over the internet, you’d probably be pretty unhappy. Maybe you don’t want your family, friends, or colleagues to know just how well you did last year. Or maybe you’d want them all to think you had done better than in reality. (Donald Trump is famous for […]

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New Audit Risk

When it comes to audits, our friends at the IRS are interested in examining returns as accurately as possible. (No, they’re not just interested in squeezing out more tax, and some audits actually result in refunds.) So the folks in the Small Business/Self-Employed area have compiled a series of Audit Technique Guides to help examiners […]

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Help Wanted @ the IRS

On March 8, the Bureau of Labor Statistics announced that the unemployment rate had edged down to 7.7% for February. That’s good news compared to the high of 10.1% registered back in October, 2009. But unemployment is still unacceptably high, and surveys show Democrats and Republicans alike are citing jobs as our most pressing problem. […]

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A Tax Rate of Your Own?

On January 1, Congress passed a bill to keep the government from leaping off the so-called “fiscal cliff” – a set of tax hikes so devastating that Washington insiders warned they would ricochet through the economy, plunge us back into recession, and possibly even send the earth spinning into the sun. That bill included raising […]

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Tax Strategies for Asteroid Impacts

On February 22, 2012, a telescope in Spain discovered an asteroid, 150 feet across, in an orbit that would bring it uncomfortably close to earth. Astronomers reassured us that we would be safe – this time – but that it was “a wakeup call for the importance of defending the Earth from future asteroid impacts.” […]

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Cruising in Style?

Cruising the high seas has become an increasingly popular way to travel, with over 14 million Americans cruising in 2010. Cruise fans love the convenience of unpacking just once and letting a floating resort take them from one glamorous destination to another. Cruise critics cringe at the stereotypical cheesy Vegas-style shows, ’round-the-clock buffets, and abbreviated […]

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Biggest Crybabies Ever

Here in America, we’re used to people running to court every time life throws a curve ball. Spill hot coffee in your lap? Sue McDonald’s! Get drunk, drive your car into a bay, and drown because you can’t open your seat belt underwater? Mom and Dad can still sue Honda and win $65 million! Electrocute yourself […]

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Sneaky Sneaker Tax

Today’s tight economy is forcing governments at every level to stretch for new revenue, with varying degrees of success. In Washington, the dysfunctional family known as “Congress” just raised the top income tax rate to 39.6%, and there are new taxes on earned income and investment income as well. But when President Obama proposed cutting […]

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