What Kind of Tax Bill Will This Year’s Oscar Gift Bag Generate?

What Kind of Tax Bill Will This Year's Oscar Gift Bag Generate?
Ah, the Oscars. Hollywood navel gazing at it’s finest. The highest honor that can be bestowed upon a bunch of films nobody wants to see. A guaranteed road to all the best roles the industry has to offer, portraying important literary and historical figures like . . . um, OJ Simpson? Yeah. Anyway. Let’s get to ...

Will We Soon Be Paying Taxes in Bitcoins?

Will We Soon Be Paying Taxes in Bitcoins?
Have you ever started using something superfluous just because you could, only to realized that, hey, this thing is actually pretty good? I have a couple pieces of software like that, photography drones are moving that way, and that pretty much sums up my thoughts on Bitcoin. While Bitcoin and other cryptocurrencies are gaining popularity based on the ...

Will You Be Victim To This Round of Tax Scams?

Will You Be Victim To This Round of Tax Scams?
Imagine this: your Federal Tax return is all done, and TurboTax is telling you that Uncle Sam will finally pay you back that $1,000 be borrowed last year. You press send, download IRS2Go to track your refund, and wait anxiously for the money to drop in your bank account. After a couple weeks with no refund, you ...

Tax Changes in Obama’s 2016 Budget a Mixed Bag

Tax Changes in Obama's 2016 Budget a Mixed Bag
President Obama recently released his proposed 2016 budget, which I’m sure has given the political types plenty of fodder (and enough Feedly tax items to put me in a article skipping coma). As much as I’d love to dig into the entire thing like a crazed group of rabbits burrowing into cement, I decided stick to a few of the ...

2014 Excel Tax Forms are Now Available!

2014 Excel Tax Forms are Now Available!
Want to know how to get an accountant excited? Make and Excel version of something. Although I’d like to get into all the amazing games people have made in Excel, my point here is to promote something even more exhilarating: The 2014 1040 Tax Forms are now available in Excel! Head over here to download your copy. ...

Section 179, Other Provisions Extended

Section 179, Other Provisions Extended
Looks like someone convinced Congress they’d only get their fruitcakes if they figured out our tax laws for 2014. I mentioned that the House passed this bill already, so this is the Senate rubber stamping the the bill and moving it to Pres. Obama’s desk. I’m not a Precog, but I’d put my money on the President signing the ...

2014 Tax Extender Finally Has Movement

2014 Tax Extender Finally Has Movement
It’s December of 2014, which means it must be time for Congress to finally make its laws to cover all of 2014. This has been the way of things for the past four years or so with taxes. Democrats and Republicans fight like dogs over a smelly old bone on what to do with taxes, ...

Our Tax System beat out France! And lost to everyone else. . .

Our Tax System beat out France! And lost to everyone else. . .
How many people woke up this morning thinking, “where does the United States’ tax system rank with other OECD countries?” For me, it was the second thought of the day, right after, “where did my dog decide to poop during the night.” Fortunately, there’s an answer to that (the tax ranking. There’s an answer to ...

Releasing Politicians’ Tax Returns – A Nonissue Issue

Releasing Politicians' Tax Returns - A Nonissue Issue
The Colorado news wires filled up last night with the same story again and again: Governor John Hickenlooper and challenger Bob Beauprez released their latest tax return to the public. Pressure was mounting for Beauprez to release his returns in the preceding weeks, so their release isn’t a surprise. But we finally got them. And ...

Tax Inversions, Patriotism, and Screwing Up Obamacare

Tax Inversions, Patriotism, and Screwing Up Obamacare
While I was looking through my analytics yesterday, I found an odd search query that had somehow brought someone to my page: “more patriotic-sounding alternative to tax invetsion [sp].” Maybe if they had spelled “inversion” right it would have come up with some witty list of patriotic euphemisms. The best idea I can come up with is “The Eagle’s Plight.” ...