Profit & Tax Blog

Paying Your Tax Bill With Magic Beans?

Paying Your Tax Bill With Magic Beans?

Ohio First State to Allow Taxes Paid with Bitcoin If you pay attention to financial news, you can't escape hearing about Bitcoin and other cryptocurrencies. Bitcoin is just like country music, Justin Bieber, and pineapple on pizza — people either love it, or hate it,...

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Carrots versus Sticks

Carrots versus Sticks

The IRS Employs the Carrot vs. Stick Method Take a look at our Internal Revenue Code. No, really, take a good look. (You can buy it on Amazon: two thick paperbacks totaling 4,968 pages. You even get free Prime shipping!) At first glance, it's all about the...

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Over-the-Top Thanks for This Tax “Break”

Over-the-Top Thanks for This Tax “Break”

Wall Street Throwing Parties to Dodge Taxes Wall Streeters have a lot to give thanks for this holiday season. Earnings are up, so bonuses are up. And that, in turn, means taxes are up, too. The New York Post just reported that Wall Street Bankers Are...

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LeBron James Scoffs at These Taxes

LeBron James Scoffs at These Taxes

Taking Advantage of All Tax Breaks Available! If you were coaching your kid's basketball team, you wouldn't win many games if you told them to aim for the backboard. Your opponents might love you, but there would be at least one dad in the stands screaming at you the...

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Hey, Jealousy

Hey, Jealousy

In Finland, Everyone's Tax Returns Are Published Reality television has introduced us all to the joy of the "big reveal." HGTV specializes in this sort of story. The perky couple, handsome brothers, or plucky first-time homeowners spend most of an episode covered in...

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Accountants Behaving Badly, Part 40

Accountants Behaving Badly, Part 40

Accountant Charged With 'Theft By Swindle' Big-league baseball players like the ones who just wrapped up the World Series enjoy careers that last 5.9 years on average, and with 162 games per year, they enjoy lots of chances to be heroes. But eventually, even the best...

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A Scary Disconnect

A Scary Disconnect

The "Double-Entry Bookkeeping" System, Legend holds that in 1494, an Italian friar named Luca Pacioli was sitting under an apple tree when an apple bounced off his head. In a flash of insight, he invented the "double-entry bookkeeping" system where each entry has a...

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The Taxpayer Who Never Was

The Taxpayer Who Never Was

Pseudocide & Taxes Life is full of ups and downs, and sometimes the downs can be so low that it doesn't feel like there's ever going to be an up again. How many people have dreamed of faking their own death and disappearing under a new identity, never to return to...

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Don’t Let These Guys Catch You Paying Taxes!

Don’t Let These Guys Catch You Paying Taxes!

IRS Investigates Business Owners for Paying Their Taxes Streaming TV services like Netflix have changed how we watch television, dropping an entire season of a series at once for us to binge on. They've even breathed new life into "quality television," a phrase that...

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Something to Fight About!

Something to Fight About!

Whiskey Played a Role in Tax Protest Fall is officially here, and that means whiskey season is back. Most drinkers probably don't think much about taxes when they visit their favorite bar or spirits shop. Liquor levies are generally based on volume, not price, so you...

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Take Charge of Your Debt & Pay Them Off Faster

Grab This Worksheet to Calculate Your Monthly Nut - Once you've paid your monthly nut (expenses), the rest is PROFIT!

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