Profit & Tax Blog

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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All Fun and Games

All Fun and Games

Transfer Pricing: The Game Some of the world's most popular board games give players the chance to live out professional fantasies. Aspiring property sharks can cheat each other with the classic Monopoly. Would-be Sherlock Holmeses can track down killers...

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R-E-S-P-E-C-T the Plan

R-E-S-P-E-C-T the Plan

Why It's Important to Create a Will Aretha Franklin left this world with a musical legacy for the ages. The Queen of Soul started singing for her father's "gospel carnival tours" at 12, cut her first record at 18, and scored her first hit a year later. She went on to...

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Floating Palace, Indeed!

Floating Palace, Indeed!

DeVos Family Yacht Flies Foreign Flag and Avoids US Taxes This week's story is a briny chowder of petty vandalism, tax avoidance, partisan posturing, and flat-out misinformation. There's probably something in here to offend everyone. So buckle your seat belts and get...

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Can You Imagine the Smell?

Can You Imagine the Smell?

Regulations Eliminate Charitable Deductions for Gifts The Infinite Monkey Theorem holds that if you sit an infinite number of monkeys down at an infinite number of typewriters, eventually one of them will bang out the complete works of William Shakespeare — or, at the...

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IRS Loves “New” Math

IRS Loves “New” Math

Dewayne Johnson awarded $289 MILLION in damages! Parenting is full of all sorts of milestones. Some of them are precious, like your child's first steps, their first words, and their first day of school. Some of them are less welcome, like a first broken bone, or a...

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Love Stinks. Yeah, Yeah

Love Stinks. Yeah, Yeah

This Love Story Ends With Millions on Ninja Accounting Services! The best marriages, so they say, age like fine wine. They gain richness, and color, and depth. They ripen and mellow as experience piles upon experience, bonding the couple and deepening the...

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Mark’s Terrible, Horrible, No Good, Very Bad Day

Mark’s Terrible, Horrible, No Good, Very Bad Day

Facebook's Biggest One Day Market Crash When Mark Zuckerberg was 19 years old, he launched Facebook from his Harvard University dorm room. (Some cynics might say "stole" is a better word than "launched," but who wants to start that debate?) Since then, he's made...

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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!

Do  You Know The Health Of Your Service Business?

Do  You Know The Health Of Your Service Business?

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