Hillary Clinton Tax Plan Whatever You Want It To Be

Hillary Clinton Tax Plan Whatever You Want It To Be
Last week, I noted that Ted Cruz has a long way to go to come up with something resembling a usable tax plan. Compared to Hillary Clinton’s tax plan, though, his is a well-established masterpiece. From what I could find, Hillary Clinton’s presidential tax plan boils down to a couple of vague platitudes about helping the ...

More Accountants Ruining Joke

More Accountants Ruining Joke
I’ve been told on multiple occasions that I have a very dry sense of humor (I blame an almost fanatical devotion to Monty Python sketch comedy in Middle School), and certainly I’ve had jokes fall flat. But sometimes it’s not my fault. Some accountants just need to lighten up. For example, last month I was part ...

Ted Cruz Tax Plan Needs More Time In The Oven

Ted Cruz Tax Plan Needs More Time In The Oven
Last week I discussed Rand Paul’s EZ Tax Plan, which is a flat tax that sounds nice, but has little chance of success. Today, I’m moving to another flat tax plan, this one proposed by Tea Party Favorite Ted Cruz. Before this post, I’d heard a bit here and there about Ted Cruz’s tax plan, ...

Why Rand Paul’s EZ Tax Will Fail

Why Rand Paul's EZ Tax Will Fail
It’s the day after Tax Day, so it’s time to do something fun. For me, since I’m attracted to Tax and Economic Analysis like a dog to vomit, I thought I’d start looking at our upcoming presidential candidates’ various tax proposals. Before I begin, I should add the disclosure that none of these plans are ...

Anatomy of a Sin Tax

Anatomy of a Sin Tax
What’s the purpose of a tax? This is a fundamental debate, yet it’s rarely examined beyond the surface mud slinging we see in a political fight. It comes down to two options, though: are we trying to raise money, or are we trying to influence behavior? The tax code is riddled with examples of both. ...

Casualty Loss Deduction – Special Cases

Casualty Loss Deduction - Special Cases
In two previous posts I discussed theft loss and casualty loss, which combine together like Voltron for your Theft and Casualty Loss Deduction on a tax return. Since this is a complicated topic (what tax topic isn’t?), we still have a few more random items to discuss before we’re all the way through. Loss on ...

Last Minute Deduction – Donate to Families of Slain Cops

Last Minute Deduction - Donate to Families of Slain Cops
When you’re a week from the tax filing deadline, there’s only a couple things you can do to lower your tax liability. This year there’s one more option on that very short list: a new, last minute deduction just signed into law that allows you to claim a 2014 deduction for 2015 donations to charities aiding ...

Taxes and Destruction – The Casualty Loss Deduction

Taxes and Destruction - The Casualty Loss Deduction
While growing up in Redding, California, the disasters rolled around every year like our SimCity god was bored of our typical day to day living. If we didn’t suffer massive flooding and storm damage in the winter, then we could look forward to uncontrolled fires in the summer. Catastrophic events hit throughout the nation all the time, ...

VIDEO: How to Prepare a 1040 – Part 2

VIDEO: How to Prepare a 1040 - Part 2
Here’s a continuation of my video series on how to prepare a 1040. Video 1 can be found here.

VIDEO: How to Prepare a 1040

VIDEO: How to Prepare a 1040
Here’s the next video in my series: how to prepare a 1040. This is a complex topic, so this is video 1 of 2. Part 2 can be found here.