Archive for the ‘Today’s National News’ Category

Memo to Obama: Get Real Regarding Retirement Savings Policies!

Posted on October 28th, 2014 by by George Ashley

In recent months, there have been ruminations coming forth from various government pooh-bahs relative to the potential of trying to limit the amounts that may be contributed to/accumulated within IRAs and various forms of retirement savings vehicles which have been tax favored for lo these many years.  The government just needs the money, don’t ya’ […]

The Employee Versus Independent Contractor Game

Posted on October 20th, 2014 by by George Ashley

An age-old issue which seems to never go away. In an effort to bring “employers” out of the shadows, however, IRS has a deal for you.  It’s called the Voluntary Classification Settlement Program (VCSP) and may be just what the doctor ordered for your business despite the fact that the Treasury Inspector General for Tax […]

Just Tax Everything In Sight!

Posted on October 6th, 2014 by by admin

That seems to be the attitude of New York Mayor de Blasio, anyway, and who knows – could soon become the view of legislators in this part of the world, as the tax revenues they receive just never seem to be enough. So here comes de Blasio who likes the proposal to impose a property […]

Tax Foundation Tests the “Climate”

Posted on September 22nd, 2014 by by George Ashley

That would be the “state business tax climate,” of which the Tax Foundation recently released its 2014 version. Not surprisingly, Nevada ranks right up there (3rd, actually) among the ten best states in which to do business, trailing only Wyoming and South Dakota.  And of course, our friends to the West (California) brings up the […]

What Will They Tax Next?

Posted on May 12th, 2014 by by George Ashley

Probably whatever they darned well please! Check out the latest – Obama recently suggested states collect tolls on interstate highways to raise cash for payment of roadway repairs. According to The Washington Post, the proposal was contained in a $302 billion White House request for a transportation bill.  Interstate tolls have generally been prohibited for […]

Get Canned – Pay FICA!

Posted on April 7th, 2014 by by George Ashley

That’s the message from the Supreme Court, this week.  Bad enough that you get terminated, but now it seems that your (former) employer must withhold FICA from your severance pay! There has been a bit of a disagreement on this point among jurists, and the Supremes actually reversed the Sixth Circuit in holding that severance […]

Furloughs Not All Bad

Posted on October 7th, 2013 by by George Ashley

Wading through all of this government “shutdown” stuff is a real chore.  Some government folk are indeed still working, while some are not. Take IRS, f’rinstance – seems about 91% of the 95,000 Revenooers are, indeed, out of the office until further notice.  Try calling that auditor who’s working on your case – get ready […]

Obama Promises Shriveling Like the Cheapest of Suits

Posted on April 29th, 2013 by by George Ashley

And this news presumably comes as no surprise to anybody with an ounce of intelligence. According to recent info released by the nonpartisan Tax Policy Center, the top 1 percent of U.S. taxpayers would pay 67 percent of the higher taxes called for in 2023 under Obama’s recent budget proposals.  Households making as little as […]

So, Sequester The IRS!

Posted on February 25th, 2013 by by George Ashley

Why not?  With all of the handwringing Obama has been doing for the last two months, why isn’t he looking right in his own back yard for a little waste to cut? So saith the Washington Times in a recent report regarding the results of an audit by the Treasury Inspector General for Tax Administration […]

Revenooers All Over Identity Theft

Posted on February 4th, 2013 by by George Ashley

You will be pleased to learn that IRS is really worked up over identity theft issues, and for 2013, has significantly increased the number and quality of identity theft screening filters which spot fraudulent tax returns – which claim refunds, of course.  Indeed, we hear several hundred investigations have commenced since October.  IRS has also […]

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