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Tax Season Lesson #1: Limiting Deductible Mortgage Interest
Yesterday was the unofficial start of “busy season” in the accounting world, which is every bit as depressing as it sounds. For the next few months we’ll be confined to our cubicles and deprived of...
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The Other Side of Accounting
OK, perhaps I was a bit harsh yesterday when I compared life as a CPA to serving hard time. For fear that I may have dissuaded any impressionable readers from pursuing a potentially rewarding career in...
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NY Giants May Want To Bet Heavy On Pats, Throw Super Bowl to Cover Tax Bill
While Eli and the gang ready themselves for Sunday’s game, team ownership is preparing to fight it out in court over a $1,500,000 property tax bill East Rutherford says the team owes. At the root of...
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Power Ranger Porn, Google Rip-Offs, and Homicidal Accountants: Just Another...
Substantiation is a critical component of any tax deduction. In order to withstand an IRS challenge, it’s essential that a taxpayer maintain sufficient records to support their claimed deductions. And...
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More on President Obama’s Proposed Corporate Tax Reform
Covering President Obama’s recent tax proposals has given me a firm appreciation for what it must have been like to be a sports reporter during the latter stages of Brett Favre’s career, when...
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New Jersey: Income Tax Cut or Property Tax Credit?
While New Jersey residents wait with breathless anticipation for the Snooki-LaValle lovechild to arrive and lead them to a new age of prosperity, the State’s leadership is left to try and salvage the...
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Weekend Roundup
A few things you may have missed this weekend while relentlessly bragging about how you predicted Lehigh’s upset of Duke in one of your brackets (while ignoring the seven other brackets where you...
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Scoring Day 1 of the Obamacare Hearings
The opening day of the Supreme Court’s hearings on the Patient Protection and Affordable Care Act went pretty much as expected, with 90 minutes spent arguing semantics; specifically, whether the tax...
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F. Lee Bailey Makes A Guest Appearance In Tax Court, As Both Attorney and...
While F. Lee Bailey is widely considered one of the greatest defense attorneys to ever grace the inside of a courtroom, his body of work has more in common with that of Lionel Hutz — the dimwitted...
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A Review Of President Obama’s 2011 Tax Return
Having had the opportunity to review President Obama’s newly released 2011 tax return for Bloomberg news this morning, one thing is immediately obvious: the President’s tax return stands in stark...
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