Tax Update World Headquarters is just a few hundred yards north of the Raccoon River, where the last glacial advance ended about 14,000 years ago.
Downtown Des Moines, Locust St., this morning.
Today’s weather makes me wonder whether mastodons eat tulips.
TaxProf, Small Business Owners Sue IRS Over ObamaCare. I don’t think you can stop a train wreck with a lawsuit.
Looking for wounded jaywalkers. Blogger and tax defense attorney Jack Townsend is looking for “Readers of this Blog Willing to Share Their Personal Experiences in the OVDP/I Programs“:
A reporter for a nationally prominent publication has contacted me to help him get in touch with people who have gone through one of the OVDI/P programs to discuss their experiences and thoughts about the programs. If you are interested and/or willing to do that, please contact me at firstname.lastname@example.org and I will put you in touch with the reporter.
So maybe it’s a chance for those of you who’ve been put through the ringer for a foot-fault violation to get a little justice.
Janet Novack, Pritzker Family Baggage: Tax Saving Offshore Trusts. My theory is that many of wealthy people who favor higher taxes assume they’ll never have to pay them anyway.
Howard Gleckman, A New Way to Address the International Tax Mess (TaxVox)
Peter Reilly, IRS Troops Will Take To The Street On Seventh Day In May . I’m guessing that Peter is referring to the 1960′s ”Seven Days in May,” about an attempted military coup in the U.S. I’m not sure whether the National Treasury Employee’s Union, which will “take to the streets,” can pull off a coup, seeing that they pretty much run things already.
Nick Kasprak, Weekly Map: Inheritance and Estate Tax Rates and Exemption (Tax Policy Blog)
The opposite of a sales tax holiday: Retailer Target Jumps The Gun On Sales Tax (TaxGrrrl). A South Carolina Target store probably made few friends when it started charging a higher sales tax rate a month early.
Patrick Temple-West, State Republicans divided on tax cuts, and more (Going Concern).
Christopher Bergin, Taxes Don’t Matter Until, Well, They Matter (Tax.com):
Roger McEowen, Trusts, S Corporations, The Material Participation Test and the Medicare Passive Income Surtax
Good news! Are you a likely tax audit target? Sequester just might save you. (Kay Bell).
Paul Neiffer: Full Season vs. Early Season Corn
Jim Maule, A Slight Improvement in the Code Length Articulation Problem. No, the Internal Revenue Code is not 77,000 pages. It’s no less a monstrosity for that.
Daniel Shaviro, Tax policy colloquium, week 13: Itai Grinberg’s “Emerging Countries and the Taxation of Offshore Accounts”
Friday Buzz from Robert D. Flach
Me:The REIT way to reduce taxes? My new post at IowaBiz.com, The Des Moines Business Record group blog for entrepreneurs.
Going Concern, AICPA Attempts to Tie Expired Payroll Tax Cut to Normal American Behavior.
Are you irritable? Sleeping less? Impatient with your friends? Putting on weight? Thinking about divorce? Yes? Sorry to hear, you must be going through a stressful time.
Oh, wait, are you an American? Yes?! Whew, you’re behaving normally then. If you were to read this AICPA press release, you might be inclined to believe that your take home pay being 2% lower than last year would have been the cause of all those things…
What are these “friends” of which you speak?