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...
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...
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...
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...
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...
2018 Tax Cuts You Won't Want to Miss If you blinked, you might have missed it! Late last year, Washington passed the Tax Cuts and Jobs Act of 2017 -- the biggest tax overhaul in 31 years. It was so long ago that Ronald Reagan was still in the White House. Matlock,...
Apple to pay $38 Billion in taxes and create 20,000 new jobs. In 2016, SyFy debuted a new show called Incorporated about a dystopian future where corporations, not governments, rule the world. If that nightmare ever comes true, we all know which real-world corporation...
Whitney Houston's Estate Settled on a $2.2 Million Tax Bill In 2012, the singer Whitney Houston died suddenly, drowning in a hotel bathroom after years of battling drug addiction. Yet the world will always treasure her musical legacy. The Guinness Book of World...
Red State Sport Teams Have Competitive Advantage NFL playoffs have begun, and Wild Card Week featured some real competition. On Saturday, the red state sports teamTennessee Titans barbecued the red-state Kansas City Chiefs, 22-21, and the red-state Atlanta Falcons...
A New Year Means Tax Changes! Welcome to 2018! New Years' always brings tax changes. Key numbers, like tax brackets, standard deductions, personal exemptions, and qualified plan contribution limits, all roll over on January 1. But this year brings more change than...
