Late-night talk-show host David Letterman has delighted audiences with his wry, subversive sense of humor for an impressive 33 years. But this week he bids us farewell. We'll remember him for his Stump the Band bits, his Stupid Pet Tricks, and — most of all — his Top...
Profit & Tax Blog
The Original Tax “Shelter”
New York City is the indisputable hub of American capitalism. Its glittering streets are home to the worlds of finance, advertising, fashion, publishing, and even organized crime. The island of Manhattan is home to some of the richest people on the planet, and they...
Accountants Behaving Badly
Every year, "true crime" fans look forward to the IRS Criminal Investigation Unit's annual report detailing their efforts to combat the cheats who don't pay their share. This year's edition is no exception, with dozens of entertaining stories about clever scammers who...
Bet They Didn’t Think About This!
Last week, a New York judge issued writs of habeas corpus on behalf of two chimpanzees named Hercules and Leo, currently living in a research lab at the State University of New York in Stony Brook. The next day, she walked back the scope of her ruling, emphasizing she...
Guaranteed Loser
You've bought a lottery ticket or two in your time, right? The Powerball jackpot hits a kajillion dollars, and you realize you really can't win if you don't play. So you buy a ticket or two just to nurse that fantasy of champagne wishes and caviar dreams. Forget the...
Smoke ‘Em If You Got ‘Em
Every year, the IRS Criminal Investigations unit (IRS-CI) releases a surprisingly entertaining report detailing their efforts to protect the Treasury from scammers, fraudsters, and cheats. This year's edition reveals that, due to budget cuts, activity is actually...
The Tax Man Runneth
The 2016 presidential election is 20 months away. Sadly, for those of us who don't watch C-SPAN for fun, that basically means it's right around the corner. (Keep a sharp eye out for negative campaign ads, coming soon to a TV near you!) Candidates are already lining up...
Big News from Washington
Americans have been complaining about income taxes since the IRS unleashed the first Form 1040 on us back in 1913. Sure, we all hate paying them. But as the tax code has ballooned to twice the length of the Bible (with none of the good news), preparing them has become...
Shocking News
This time of year, taxpayers across America are scrambling to put together their last year's mileage records. First you've got to total up how many miles you drove for your trade or business. Then you've got to add up all the costs of operating your vehicle —...
007 for a Day
Who hasn't wanted to be a spy at some point or another? Boys see their first James Bond movie, and they don't want to be like 007 — they want to be 007. Girls learn how Mata Hari put her charms to work as a lethal double agent and think they can show the boys a thing...



