Archives for September 2009

Nearly 50% of Households Pay No Federal Income Taxes

Nearly 50% of Households Pay No Federal Income Taxes

Jeanne Sahadi of CNN Money.com reports today that, In 2009, roughly 47% of households, or 71 million, will not owe any federal income tax, according to estimates by the nonpartisan Tax Policy Center. Some in…

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Backdoor Taxes Part Deux

Backdoor Taxes Part Deux

Gerald Prante of the Tax Policy Blog in What is a Tax? poses but doesn’t exactly answer this question: Is a financial cost imposed by government for not having health insurance a tax? Prante says…

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Tax Research Primer: Organizational Structure of the Law

Tax Research Primer: Organizational Structure of the Law

Tax researchers, planners and return preparers should have a thorough understanding of how the tax laws are structured. I found this outstanding primer on the organizational structure of the Internal Revenue Code and the Treasury Regulations at…

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Will Judge Go Mild on Girls Gone Wild Owner Joe Francis?

Will Judge Go Mild on Girls Gone Wild Owner Joe Francis?

The Daily News reports that Joe Francis, the founder of the soft porn juggernaut known as Girls Gone Wild, entered into a plea bargain that may allow him to avoid additional jail time: “Girls Gone Wild”…

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IRS is Right to Deny Charitable Contribution of Home to Fire Department

IRS is Right to Deny Charitable Contribution of Home to Fire Department

It isn’t often that I side with the IRS’s interpretation of a tax code provision; however, this case compels me to do so. Several bloggers have written about the IRS’s recent decision to deny a taxpayer…

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