Category Archives: Taxes

And, now for the Senate Side

No Gravatar

So, what does the Senate version of this bill (HR-1) do?  By and large, the Senate bill matches HR-1.  But, there are some significant differences.  It’s not clear which house will prevail in their interpretation of the various changes (or that the Senate version passes at all).  But, again,  tax planning is critical-  we need to know what may happen.  We need to discern what changes this Senate version- if it passes- will have in conference, when the House and Senate work out the differences in their versions.

Continue reading And, now for the Senate Side

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share

HR-1, Biz 2

No Gravatar

We are continuing the exploration of the proposed new tax law.  Parts 1 and 2 covered individual taxation issues.  (There was  a preamble, as well.)  Yesterday, we started our discussion of what may happen to business taxes.

Continue reading HR-1, Biz 2

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share

HR-1, Biz 1

No Gravatar

We’ve seen what could be happening with our personal taxes. (Part 1 here;  part 2 here.  And, the preamble.)  Now, let’s see what changes the House plans for US business taxation.

Continue reading HR-1, Biz 1

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share

HR 1, too!

No Gravatar

We began discussing the proposed changes to personal tax filings yesterday.  We’ll finish with the changes to the individual tax system today-and then go on to the changes to the business tax filings.

Continue reading HR 1, too!

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share

HR 1

No Gravatar

Let’s reiterate what I said yesterday– I don’t expect this bill to pass.  Certainly not the way it was presented in the bill.  These posts were written on 2 November- when the bill was published.  Since then, the House has proposed changes to its own bill.  And, 1 week later, the Senate published a slightly different version- which means that I will be adding to this series to contrast the differences between the two bills.  (This series that was 5 blogs will now be 7.)

Continue reading HR 1

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share

Per Diem

No Gravatar

Do you know that the IRS has not changed its policies on gifts?  That any business gift that costs more than $ 25 is taxable to the extent if exceeds that threshold?  That is has been in place since 1981- which means at the very least the IRS should have changed the deductible limit to $ 66.

Continue reading Per Diem

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share

What Can We Do About Taxes?

No Gravatar

Don’t you just love it that when the Democratic Party is in power, all the GOP can discuss is the increasing debt.  And, once the GOP takes power, they forget all about the debt and suggest a tax reduction for the rich that will add trillions of dollars to our debt and render the budget inflows to be a small percentage of the budget outflows.

Continue reading What Can We Do About Taxes?

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share