Tax - Your Tax Matters Partner

Private Residence Club Does Not Trigger “New York Rule” On Resident Status

by admin | Sep 21, 2012 | Tax

Originally published on Forbes.com on September 21st, 2012 A ruling by the New York Department of Taxation should give a huge boost to private residence clubs in Manhattan. In a private residence club you own a share in a city apartment. You have the right to use it...

Romney Ryan On Student Loans – Crony Capitalism ?

by admin | Sep 20, 2012 | Tax

Originally published on Forbes.com on September 20th, 2012 Alan Collinge is the founder of StudentLoanJustice.Org and author of The Student Loan Scam: The Most Oppressive Debt in U.S. History – and How We Can Fight Back (Beacon Press, 2009).He has a bone to pick with...

Mitt Romney And The 47% All A Matter Of Context

by admin | Sep 19, 2012 | Tax

Everybody is picking on Mitt again. It is just like when he went on extension. I feel obligated to stick up for him. In case you haven’t read about it in 47 other places, Mother Jones broke a story about him being secretly video taped while speaking to...

1099s From Insurance Companies – Don’t Ignore But Don’t Take At Face Value Either

by admin | Sep 15, 2012 | Tax

Life insurance is an income tax advantaged investment. The build-up in value of a whole life policy is not subject to current taxation. Proceeds paid as the result of the death of the insured are income tax free. Given those advantages, I always find it annoying...

Pennsylvania Supreme Court Finds H&R Block Customers Not Necessarily Gullible

by admin | Sep 13, 2012 | Tax

The Pennsylvania Supreme Court decision last week in Basile v H&R Block, Inc. may be the end of the line for a class action suit that has been bouncing around for almost twenty years. Block was somewhat worried about the case. According to its 10-K: We have not...

Tax Court Denies Late Petition Sent FedEx Express Saver

by admin | Sep 11, 2012 | Tax

Marcius and Andrea Scaggs will not be contesting their deficiency notice in Tax Court. They lost their right to appeal to Tax Court by economizing on their Federal Express charges. There is a website where you can figure these things out, but I’m not...