Marketplace Fairness Legislation - Moving Along?

You're probably seen the press coverage* of the Senate moving to vote on the Marketplace Fairness proposal ( S. 743 and CBO info ), bec...

Boundless Sales Tax Exemptions

I noticed that a law enacted recently in Utah created their 75th sales tax exemption.  That is quite a lot of exemptions. Not to pick on Uta...

April 15 Tax Day! Some nostalgic music for the occasion

Today is April 15.  We should all know that our individual income tax returns are due today. If you won't have it ready in time to mail ...

Tax law oddity on cancellation of debt

In 2012, a case was decided by the Tax Court where the taxpayer challenged a Form 1099-C he received ( Stewart , TC Summary Opinion 2012-46)...

More thoughts on tax reform

Will tax reform happen?  It would seem so given that both parties and leaders in Congress and President Obama talk about it.  A 4/10/13 arti...

Tax Committee Chairs Say Reform is On the Way

The chairs of the House Ways & Means and Senate Finance Committees - Congressman Camp and Senator Baucus, respectively, had an op ed in ...

Will tax reform dollars come from higher rate on capital gains and dividends?

A 4/3/13 article in Politico , " Investment tax rate poses dilemma for the GOP ," raises the issue of whether lawmakers will incre...

8 Questions About Federal Tax Reform

http://blog.aicpa.org/ I have several questions about tax reform at the federal level including whether it will really happen.  I've got...

Understanding the $600 Billion Annual Federal Tax Gap

A Time magazine article of March 27, 2013, "The $600 Billion the IRS Can’t Collect ," by Christopher Matthews, suggests that the ...