New Jersey Upset over Super Bowl 2014

New Jersey Upset over Super Bowl 2014
Since I’m living in Denver, I like to pretend the Super Bowl didn’t happen this year. We beat the Patriots, and that was that. We declined Seattle’s invitation due to. . .moral objections to Seattle’s treatment of fish. But apparently lawmakers in New Jersey are still reliving game day. Or, more precisely, paying for it. Apparently ...

Calm Down about Donald Sterling’s Taxes

Calm Down about Donald Sterling's Taxes
I’m a bit late on this, but I have a feeling people’s obsession with Donald Sterling will last at least another month. Yes, he’s a dirty old curmudgeon that will likely die on Buster’s thumb while eating undercooked chicken (if anyone can send me a YouTube clip, I’d appreciate it). But let’s not get riled ...

California State Gas Taxes May Become Per Mile

California State Gas Taxes May Become Per Mile
The state gas taxes in California are the second highest in the country, but the state legislature can already see the writing on the wall: the more the press for high fuel efficiency and electric cars, the less revenue those state gas taxes will bring in. The solution? The legislature is proposing a voluntary program ...

French President Pulling Back on France Tax Rate

French President Pulling Back on France Tax Rate
Back in 2012,  the new French President François Hollande’s promise to increase the France tax rate on the country’s wealthy to a staggering 75% made the rounds in the tax community, though I think it was mostly due to Will Smith’s reaction (if you haven’t seen it, see below starting around 1:11) I lost track ...

Ironically Named Transparent Airfares Act of 2014

Ironically Named Transparent Airfares Act of 2014
I hadn’t heard of the Transparent Airfares Act of 2014 until today (thanks to this article posted yesterday), so I figure many others haven’t heard about it either. If you want the press release spouting it’s alleged benefits, click through here. As a consumer, though, I don’t see anything transparent about the act at all. The Transparent ...

Stealing Tax Software Not Cool

Stealing Tax Software Not Cool
I just had to quickly share this story. Apparently a former high ranking member of the Denver Sheriff’s department was caught stealing tax software worth more than $20k. He smuggled it out of Target by hiding it in bags of dog food and other merchandise. Like all good tax stories, he was arrested not just ...

Gas and Space: California Tax Incentive Confusion

Gas and Space: California Tax Incentive Confusion
When you tax something, you get less of it. That’s one of the two old adages us tax accountants get to hang our hat on (the other relates to death or plagues and zombies or something). Many governments now are scheming for ways to use such tax incentives to push down carbon emissions, which has ...

Was Nokia Microsoft Deal Money Laundering?

Was Nokia Microsoft Deal Money Laundering?
As one of the few people in the world who cares what happens to Windows Phone (seriously, give it a try), I’ve been following the Nokia Microsoft deal with some interest. Last Friday, Microsoft officially closed on Nokia’s mobile phone arm, bringing the Finnish company into the tech giant’s arms. So far, there’s be no word ...

Tax Filing Optional for IRS Agent Bonuses

Tax Filing Optional for IRS Agent Bonuses
It might be time for the IRS to make some changes to its bonus payment policy. A recent report that I found through AccountingWeb brought up some serious issues with the current IRS Bonus Policy for their agents. Like the fact that tax filing is optional. You’d think that the people requiring us to file our taxes would ...

Arizona Gov. Vetoes Religious Tax Exemption

Arizona Gov. Vetoes Religious Tax Exemption
Here’s an article that will probably be making the rounds on talk radio circuits in the next day or so: Arizona Gov. Jan Brewer vetoed property tax religious tax exemption in House Bill 2281. There’s been growing talk nationwide about churches needing to pay taxes, and when I came across this article, I was sure this would be ...