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When A Foreign Posting Creates Tax Disaster

When A Foreign Posting Creates Tax Disaster

Michael Catlin recently learned that his suit against the City of New York can proceed. Catlin joined the New York City Police Department in 2001. In 2007 he was accepted to the 13th Precinct Detective Squad and promoted to detective in 2009.  An interesting...
IRS Draft Form Confirms Tip Deduction Marriage Penalty

IRS Draft Form Confirms Tip Deduction Marriage Penalty

Shortly after the release of the One Big Beautiful Bill, I noted an apparent marriage penalty in the No Tax on Tips provision.  My friend Grok told me that I was the first commentator to take note of it, but I take compliments from Grok with a grain of salt. You...
Tax Free Tips For The Piano Man?

Tax Free Tips For The Piano Man?

President Trump’s campaign promise of tax-free tips was partly fulfilled in the One Big Beautiful Bill.  Rather than an exclusion from all taxes, there is an-above-the line income tax deduction limited to $25,000 for qualified reported tips.  There was language...