Not only are there a great many tax considerations related to fatherhood, many of them are often overlooked. So to mark Father's Day, here are some tax-specific ways to take advantage of the unique benefits of being a dad.
The reader may wonder whether Roger Myerson is making an effort at irony. No. Our family rule that it is impossible to compete with unintentional self-parody is once again vindicated.
As we move forward, if we can keep our focus on how to best craft, market, sell and support whatever it is we do -- profit or not -- and if we can learn from each other, then we'll all be better off.
Enough already: it's time to stop talking about tax reform. Not about necessary and useful changes to the tax code - by all means, let's talk about th...
Carried interest reform will almost certainly be part of any major tax reform bill offered by Camp or Baucus. But it's also possible that even if tax reform efforts fail or stall, carried interest legislation could find its way into an extenders package or as a pay-for for deficit reduction or an extension of the debt limit.
Even for experienced international tax experts the technical and conceptual issues involved in determining where multinational profits should be located is enough to make one's head spin.
Divorce opened my eyes to many things I had never really thought about before. Among them, thong underwear, generic spring water, and one of the biggies... taxes. Unfortunately, there is a downside to receiving alimony, it is considered taxable income.
The IRS is seriously and dangerously broken. This is not only unfair to the many dedicated public servants at the IRS; it's unfair to all of us. Get to the truth. Arbitrarily punishing the IRS isn't going to help any more than blindly defending the agency.
Quick as a flash, the Tea Party became the Alcoholics Anonymous of political donors, and it still is. That's what this IRS scandal is really all about: keeping political donors names a secret by using 501(c)(4) entities to make sure that the donations are written in invisible ink.
Is Senator Warren's plan the best way to help struggling students pay for the cost of higher education? Certainly not. But given the way Washington works, you take what you get, which means the plan deserves support.
What should you do to ensure you don't get one of those dreaded "We found an error on your tax return" IRS letters, or even worse a more detailed in-person audit of your tax return?
It is time for Americans to change to a tax system that really gets corporations to pay their fair share -- and stop letting them move their taxable income all over the world.
The "Marketplace Fairness Act" is supposed to level the playing field between the traditional brick-and-mortar storefronts of the old economy and the online and catalog sales of the new economy, taking a simple problem and attempts to solve it in the most obtuse and damaging way it could.
Summer is unofficially here! Except for a few places in the country still getting a bit of last minute spring snow, the rest of the country is warming up, schools are letting out, and that can only mean one important thing - time to think about your taxes.
This is serious, and not just for Californians. My state could be about to set a really unfortunate precedent.
A quadruple whammy can be achieved by producing films or TV shows in the U.S., since the film company will qualify for (1) using a DISC, (2) the Section 199 exclusion, (3) the Section 181 deduction, and (4) almost an exemption from state taxes if it is based in California.