If you’re new here, you may want to subscribe to my RSS feed. If you have any questions, please see my policies page or if you would like to contact me, you can do so here. You can find out more about me here. I sincerely thank you for visiting! About six weeks ago, I [...]
Congrats to the Detroit Red Wings on their Stanley Cup win. Not bad for a bunch of guys that were too old, slow, and European to win the Cup.
I’m having a ton of fun with Political Calculations’ newest tool, Build Your Own Income Tax. After losing the code to an errant USB drive, they recoded it and it’s [...]
I guess this counts as introspection at the IRS (from the BNA Daily Tax Report)
PFA Program Requests Down Since $40,000 Application Fee Spike
The number of requests for the prefiling agreement program at examination level has dropped off significantly since 2007, says Lori Nichols, deputy director for prefiling and technical guidance in IRS’s Large and Mid-Size [...]
I know this will come as a shock to a lot of people, but it seems that certain members of the Missouri Legislature have repeatedly pushed for ethanol incentives and mandates while reaping the very tax credits and profits that they pushed for. One member in particular, John Quinn (R-Chillicothe), has reaped over $200,000 in [...]
Just as I suspected, the Bombardier Benefit Act of 2008 sailed through the Senate. In order to win Senate passage, the subsidy was lowered to $320 million from $880 million. Also, the Senate made some changes to “guarantee” that the state gets the money back with interest.
But it gets better. See, I thought that Bombardier [...]
Just yesterday I posted about Bombardier’s attempt at getting Missouri to pay them more than twice the cost of a new factory in Kansas City and I mentioned Edward Jones’ tax breaks. I look in the St. Louis Business Journal and once again, EJ comes hat-in-hand looking for more tax abatements.
This time, it’s $17.8 million [...]
Okay, so the real score is probably Lobbyists 7,565,545,312,212 Good Tax Policy 1, but in this case the Missouri Senate did the right thing.
See, Bombardier is thinking about building a plant in Kansas City adjacent to the airport. But first, they want to milk the State of Missouri for all it’s got before committing to [...]
Ahhhh, April 15th. The day when tax people party (there ain’t no party like a tax party!) and politicians hoist ever dumber tax ideas on an unsuspecting public. Today’s contestant is John McCain. Let’s see what Senator McCain would do if he were Supreme Overlord:
Extend the Bush Tax Cuts (which he didn’t support until running [...]
I have a confession to make. Even though I do taxes every day (and passed the CPA exam in October!) I’ve used Turbo Tax for the past three years to do my taxes. The reason? It’s so darn simple. They’ve really made the software just about idiot-proof for those of us that don’t have overly [...]
The muckracking professor whose research lead to the whole stock option backdating scandal (albeit, a decade later) is back at it again. Apparently, he’s now looking to see whether insiders backdated stock donations to their charitable foundations to “maximize tax benefits”.
As Portfolio points out, there are two ways that insiders could get this lucky: one legal [...]
