Not all tax professionals are boring! Everyone has a mental picture of what a tax professional or accountant looks like. Probably pretty boring, right? Dull. Predictable. Not quite smart enough to do useful work, like engineering. Definitely not slick enough for...
Profit & Tax Blog
Auditors on Deck
Changes May Affect Trades Between Professional Sports Teams Baseball is back, even as some teams are looking at early-season snow days. Little-leaguers across the land are donning gloves and getting ready to watch their favorite big-leaguers take to the field. Stats...
Where Does Cardi’s Money Go?
Funny Rant by Cardi B on Money The rapper Cardi B grew up in the South Bronx's Highbridge neighborhood, where the median family income barely tops $27,000. Cardi, born Belcalis Armanzar, couldn't wait to get out. She spent much of her time at her grandmother's home...
Ooops!
When You Rush, You Make Mistakes Back in 1985, a group of ambitious lawmakers set out to reform the federal income tax code. House Ways & Means Chair Dan Rostenkowski introduced the legislation. (This was before he became inmate #25338-016 at the Oxford Federal...
IRS Investigates Pot of Gold at End of Rainbow
Tax Code Special Rules Help IRS Get Leprechaun's Treasure St. Patrick's Day is here, and every "Irish for a day" tippler in your social circle will take advantage of this convenient excuse to haul grandma out of the house for a little day-drinking. (It seems...
Area Man Treats Colleague to Dinner, Drinks
Can This Company Bar Tab Qualify As A Deductible Business Expense? The three-martini lunch has a long and mostly honorable history as a deductible business expense. As former President Gerald Ford once said, "Where else can you get an earful, a bellyful, and snootful...
This Will Make You Love the Income Tax . . .
An Income Tax on "Potential Earnings" We Americans have fought with our internal revenue code since 1913. But slicing and dicing income, deductions, and a dizzying array of business and personal credits is hardly the only way that Uncle Sam could raise the money he...
Free App Avoids 100% of This Tax
A Way Around the Soda Tax! Traffic apps have revolutionized how many of us get from Point A to Point B. They started with in-dash navigation systems that needed updates every time a new subdivision or interchange appeared. Then they migrated to the phone with Google...
Romantic Tax Collectors Love Valentine’s Day, Too
Valentine's Day Great for Taxes It's February, and love is in the air. Restaurants are advertising intimate Valentine's Day specials for two. Florists are rolling out the red carpet. And in the greeting card racks across the country, Hallmark's most accomplished poets...
Country Crooners Sing the Blues
Judge Rules In Favor Of Country Music Producer Country music embraces a long tradition of songs about sadness and ruin, heartbreak and pain. It just makes sense, then, that country sometimes runs afoul of the tax system. Most famously, Willie Nelson found...