Colorado Sales Tax on that Herbal Essense

Colorado Sales Tax on that Herbal Essense
Herbs are all the rage in Colorado right now, and I’m sick of it. Fortunately, today’s herbal discussion has nothing to do with the recreational marijuana industry that’s bringing in annoying tourists and odd investment schemes. Today, we’ll focus on another long-time favorite: Chinese medicine. Colorado Department of Revenue–which has the awesome Game of Thrones ...

The Olympic Medal Tax Will No Longer Get The Gold

The Olympic Medal Tax Will No Longer Get The Gold
It looks like the media is going to have to invent one more controversy every two years, because they’ll have a hole in their schedule once the Olympic Medal Tax is repealed. Here’s the deal: each Olympics, even that one that takes place in that white stuff that so many Texan tourists come here to Colorado to ...

ACA Premium Tax Credit Could Cause a Scare

ACA Premium Tax Credit Could Cause a Scare
I had a bit of a scare filling out a client’s Form 8962, which calculates the Premium Tax Credit (PTC) related to health insurance plans bought on the Health Insurance Exchanges. I thought I’d spread the news along for anyone who falls into this same situation over the next few years (unless the Exchanges totally ...

Jerry Brown Struggles Mixing Taxes and Tampons

Jerry Brown Struggles Mixing Taxes and Tampons
I grew up in California during one of its biggest booms in economic growth. The good times were rolling, and the Sacramento Pols were doing their best to spend every dollar before it even hit their coffers. During one election before I could vote, I remember my mom debating how she should vote on some ...

IRS Meddles in Generosity with Penalty Relief

IRS Meddles in Generosity with Penalty Relief
The first screw up is on the house. Nobody should call the IRS charitable. Their job is to take your money through threat of violence. As much as we like to harp on corporations trying to scam us into paying up (or selling us a faulty washing machine that breaks and floods our laundry room then ...

Senator Upset About Roth IRA Back Door

Senator Upset About Roth IRA Back Door
Just this Friday I was discussing what I believed to be a screw up by Washington bureaucrats in allowing a back door method to get around Roth IRA income limitation, only to discover that at least one angry senator is standing in the rear entrance, yelling to barricade the loophole before an undead army of upper ...

Back Door Roth IRA Contributions Make Limitations Pointless

Back Door Roth IRA Contributions Make Limitations Pointless
My last post discussed all the legal jargon that our wonderful Congressional leaders stuck into the tax code to make calculating how much you can actually contribute to a Roth IRA as difficult as possible. To summarize, if you’re making somewhere between $110k and $200k a year, you may not be able to contribute directly to ...

Roth IRA Contribution Limits Designed to Screw With You

Roth IRA Contribution Limits Designed to Screw With You
Hey everyone, I’m still alive. Okay, with that brief acknowledgement out of the way, let’s move onto something serious: Roth IRA Contribution Limits. I know this is serious because I heard some guy complaining about it the other day while eating at the delicious SNOWLAB, which can only be eaten while talking about serious topics ...

Best Day Of The Year: 2015 Excel Tax Returns Released

Best Day Of The Year: 2015 Excel Tax Returns Released
Thanksgiving is nice and all, and Christmas is great for the kids, but we know what the real best day of the year is: the day we can finally do our tax returns in Excel. I know, I know, it’s not quite perfection with the IRS not accepting the returns in that format (the Luddite swine ...

Does Mark Zuckerberg Not Recognize A Tax Benefit From His Initiative?

Does Mark Zuckerberg Not Recognize A Tax Benefit From His Initiative?
With Mark Zuckerberg following Bill Gates’ lead by donating mountains of cash to humanitarian efforts, we’re entering a new era of The Gospel of Wealth, though with slightly less condescension than found in Andrew Carnegie’s famous essay. Good for them. If you want to use your money to help your fellow beings, more power to you. ...