You may have read or heard about the “fiscal cliff” and “taxmaggedon.” There are a couple of things going on here. Taxmaggedon refers to tax increases and the fiscal cliff refers to the federal budget and sequestration. The combination of the two is slated...
An unpleasant topic caught my attention this week. You know how this blog works: if it catches my attention, we likely will talk about it. So let’s talk. Do you remember when a senior White House official blabbed-out the following in August, 2010? “In...
Something caught my attention this week. You know how this blog works: if it catches my attention, we likely will talk about it. So let’s talk. Do you remember when a senior White House official blabbed-out the following in August, 2010? “In this country...
Let’s talk about an esoteric tax topic: selling tax credits. You didn’t know it could be done, did you? To be fair, we have to divide this discussion between federal tax credits and state tax credits. Some states by statute allow the sale of their tax...
Let’s talk about an esoteric tax topic: selling tax credits. You didn’t know it could be done, did you? To be fair, we have to divide this discussion between federal tax credits and state tax credits. Some states by statute allow the sale of their tax...
I do not recall ever talking about French taxes on this blog, but this morning I saw something that stunned me. France has announced a 75% income tax rate. Now, think about that for a moment. You would be giving-up 75 cents on the dollar, just for the...
I do not recall ever talking about French taxes on this blog, but this morning I saw something that stunned me. France has announced a 75% income tax rate. Now, think about that for a moment. You would be giving-up 75 cents on the dollar, just for the...
Kentucky has rolled-out a tax amnesty. It exists for a very short period of time: from October 1, 2012 to November 30, 2012. If this applies to you, you will have 61 days to apply. The amnesty applies to taxes for periods… after November 30, 2001 and...
Kentucky has rolled-out a tax amnesty. It exists for a very short period of time: from October 1, 2012 to November 30, 2012. If this applies to you, you will have 61 days to apply. The amnesty applies to taxes for periods… after November 30, 2001 and...
Sometimes I am amazed at the lengths to which some people will go to not pay taxes. I was reading Sollberger v Commissioner, recently decided by the Court of Appeals for the Ninth Circuit. Before getting into Sollberger, let’s talk about Derivium Capital....