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Author Calls For Elimination Of Estate Tax And More Tax On The Wealthy

by admin | Nov 11, 2025 | Tax, Uncategorized

This is something of a review of The Second Estate – How the Tax Code Made an American Aristocracy by Ray Madoff. I pretty much enjoyed the book although I found myself annoyed by some of the seemingly Captain Obvious stuff. In retrospect it dawned on me that...

When A Foreign Posting Creates Tax Disaster

by admin | Nov 8, 2025 | Tax

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

by admin | Sep 26, 2025 | Tax

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?

by admin | Sep 21, 2025 | Tax

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...

As IRS Withers Tax Pros Still Urge Compliance

by admin | Aug 20, 2025 | Tax

Last month I reflected on the implications of the very low probability of tax returns being audited. My career started in 1979, and I remember the IRS being much more formidable. Of course, the memories of old people are notoriously unreliable, but I had data to...

Reflecting On IRS Cuts – Should You Still Be Compliant?

by admin | Aug 11, 2025 | Tax

The IRS used to be a lot more formidable. I am certain of this from the experience of my career as an accountant which, is going on 50 years. depending on what parts you want to count. But you might say that the memories of old people are notoriously unreliable. That...