I know you said it. These tax forms are a pain in the …. You probably even said worse.
You complain how difficult it is to figure out how to pay your taxes. Why there are so many forms. Why it takes so long to complete the forms. Or, perhaps you bring your stuff to someone like me to insure they are properly computed- one who enables you to pay the lowest amount of taxes required by law.
Continue reading These &(#())$ tax forms!
I’ve written how the partisan attacks on the IRS have devastated the service. Now, when a taxpayer calls the IRS, s/he can expect to be on hold for 75 minutes- and hope that when someone finally comes on the phone, they are not (un)intentionally disconnected- or told that the representative can’t help the caller.
Continue reading IRS Follies
As I have recently written, the SEC (US Securities and Exchange Commission) is not currently enforcing the rules about executive pay reporting. This, despite the fact that most public companies pay excessive salaries to their executives. And, the IRS rarely challenges the pay that these public companies afford their bloated executive ranks.
Continue reading Goldilocks makes decisions for the IRS now?
Since today is Christmas- which means that many of you are in the mood for receiving- maybe I can entice you to engage in the act of giving. Besides, it’s the end of the year and so many of you just realized that your tax situation needs to be addressed. (If you were my clients, you would be reminded of this aspect- and how to save the big bucks all year round.)
Continue reading So, this is Christmas
Most of you know that I am (among many other professions and trainings) an Enrolled Agent. That means that I have passed muster with the IRS (after a multi-day exam and copious CEU’s to stay current) to handle taxes and finances for any entity subject to the IRS rules and regulations. As such, I interface with the various offices of the IRS at least once a week – and often more than once a day.
Continue reading The Bill of Rights?
“No, David, I need her social security number.
“I don’t have it. Just list it anyway.
“No can do. It doesn’t work that way.”
Continue reading Divorce- IRS Style…
This is the year that business owners have been dreading. Oh, wait, successful business owners dread it. Because if your taxable (not GROSS) income exceeds $ 200K ($250K for married couples or $ 125K for those employing married filing separately [MFS] status), then you can be subject to the new ‘investment’ tax.
Continue reading For the self-employed or business owner