Is Every Tax Deduction A Government Benefit?

Is Every Tax Deduction A Government Benefit?
My car is doing just fine, thank you very much. It’s a Subaru Impreza, with close to 100k miles, plenty of hail damage, and a sun visor that won’t stay up. It’s a great car, and I have no desire whatsoever to trade it in for something nicer. But let’s say I did. Let’s say ...

Government Workers Owe $3.3B in Back Taxes

Government Workers Owe $3.3B in Back Taxes
Late last month, news broke that the IRS was paying bonuses to agents that owed back taxes. Now the IRS has released a summary of how well employees in other government agencies are keeping up with their taxes duel. If the IRS had been smart, they should have released this information right after last month’s ...

Bonus Depreciation Frustrations

Bonus Depreciation Frustrations
I have way too many billable hours already this week, so rant time: throw out bonus depreciation. Mostly because it makes my life more difficult. And I’m pretty sure my life is all that matters. When a taxpayer purchases items with a life over a year to be used in their business (think computers and ...