Tax Roundup, 7/5/2013: Iowa preparer meets her Waterloo. And a sixty-nine year anniversary.

July 5th, 2013 by Joe Kristan

20130705-3Waterloo preparer to plead to preparing return with bad deductions.  From the Waterloo-Cedar Falls Courier:

The U.S. Attorney’s Office for the Northern District of Iowa filed a criminal complaint against Victoria A. Jones, age unavailable, in U.S. District Court in Cedar Rapids on Tuesday.

She is charged with one count of aiding in the preparation of a fraudulent return. An arraignment has been scheduled for July 9 in Cedar Rapids.

Authorities allege Jones helped a couple identified only by the initials R.D. and L.D. submit a false tax return to the IRS for 2008. The return claimed the filers had $67,211 in itemized deductions when they had significantly less.

Court document says that she intends to plead guilty, but provides no additional information as to the nature of the false deductions.

 

Iowans Can Now Pay Taxes With Their Phones, Online (The Dwolla Blog).  Only property taxes for now, and only in some counties.  It would be nice if they added income taxes.

 

He shall take Care that the Laws be faithfully executed.  Executive Nullification, Once Again (Arnold Kling)

 

Make everyone poorer, to put the 1% in their place.   From a paper by Karel Mertens (via Tyler Cowen):

A hypothetical tax reform cutting marginal rates only for the top 1% leads to sizeable increases in top 1\% incomes and has a positive effect on real GDP. There are also spillover effects to incomes outside of the top 1%, but top marginal rate cuts lead to greater inequality in pre-tax incomes. 

So cutting top tax rates makes everyone better off.  Yet because it helps the “top 1%” the most, politicians like the President will tell us it’s a bad idea.

 

Ex-Bear Zorich way behind.  The Chicago Tribune reports that former football player Chris Zorich is financially underwater as he faces a July 12 sentencing date on tax charges.

TaxProf, The IRS Scandal, Day 57

Because it would never pass?  Why is the Carbon Tax Missing from the Climate Change Debate? (Tax Justice Blog)

Gene Steuerle, The Baucus-Hatch “Blank Slate” Approach to Tax Reform Could Be Revolutionary:

 

Kay Bell has posted Tax Carnival #118: July 4th Tax Fireworks!

Christopher Bergin, Gratitude on the Fourth of July (Tax Analysts Blog)

TaxGrrrl, Taxes & Independence: Happy Fourth Of July.   Kelly freely quotes the Declaration of Independence, including this:

 He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.

Good thing that couldn’t happen today…

 

Why Exactly Do You  Want An Offshore Account?

Jack Townsend, Information on Filing Delinquent FBARs

 

Economic development for Iowa!  Minnesota: Higher Income and Cigarette Tax Making It the Land of 10,000 Taxes? Philip Hammersley, Tax Policy Blog:

Minnesota Governor Mark Dayton (DFL) recently signed  legislation increasing income and cigarette taxes in the Gopher State. The legislature hopes to raise nearly $2.1 billion in revenue from the tax hikes in order to close the budget deficits and fund new spending projects. The average Minnesota taxpayer currently pays 10.79 percent of his income in state and local taxes. This tax burden makes Minnesota the 7th highest taxed state in the nation.

Iowa’s tax system has more than its share of flaws, but it sure could be worse.

 

Cara Griffith, Taxes and Whistleblower Suits (Tax Analysts Blog).  Should whistleblowers be able to file tax suits against corporations?

Holiday or no, Robert D. Flach has fresh Buzz!  He reminds us that the IRS is closed today.

 

Peter Reilly, Gettysburg Interlude – Understanding Historiography

 

Sixty-nine years ago today, my Dad’s participation in the war ended.  The third stage of the Tour de France went by the place where it happened earlier this week.

The final mission of B-24 42-78127, over the target in Toulon, France.  John Kristan was top turret gunner in one of the planes - likely the one at the bottom of the picture.

The final mission of B-24 42-78127, over the target in Toulon, France. John Kristan was top turret gunner in one of the planes – likely the one at the bottom of the picture.

So my job doesn’t seem so hard today.

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