Remember to file or extend your calendar year 990 and 990-PF exempt organization returns today!
Supreme Court holds post-petition taxes in farm bankruptcy not discharged. Roger McEowen has the background, including a discussion of the new decision. Kay Bell has more.
He needs his Attorney Bernie: Wirth accountant Murry pleads guilty in tax-evasion case (reference explained here, last verse).
Huffington Post tells a story we’ve known about for a long time, but that the government seems strangely unable to move on: Tax Fraud: Thieves Steal Tax Refunds From The Dead Using Identity Theft. The most infuriating part is they are getting their ID-theft information from official government releases.
Fear Taxmageddon, says former Treasury Secretary Snow.
AICPA presses for bill to ease compliance for employees working in diffenet states. The bill, H.R. 1864, is a good start, but its failure to exempt low-salary entertainers, athletes and musicians is hard to justify as a policy matter. (Accountingtoday.com)
Daniel Shaviro reviews “Progressive Consumption Taxation: The X-Tax Revisited.”, published today.
David Henderson at Econlog has a counterintuitive view of his tax accountant:
I’m willing to bet–call it a hunch–that most people, if asked to name someone who they think is a humanitarian, would not put a tax accountant who makes a lot of money high on their list. But I’ve gotten to know this one over about 25 years and, with his careful thinking about how to make and keep wealth, thinking that he seems willing to share with those who will listen, my accountant is a true humanitarian.
But he has his reasons, which I of course find convincing, but you might too.
Foiled again! IRS Attorney Advises Agents Not To Be Intimidated By No Trespassing Signs (Peter J. Reilly)
Don’t give Shulman any ideas: New Greek Bestseller: Serial Killer Murders Rich Tax Cheats (TaxProf)