Share to facebook Share to twitter Share to linkedin Parthenon, Acropolis in Athens, Greece, July 15. 2019 (Photo by Nicolas Economou/NurPhoto via Getty Images) NurPhoto via Getty Images Despite what you may have heard, Americans are taxed less than residents of almost any other major developed country. And in 2017, the US ran a budget
Taxes
There has been a bit of hobby loss action, since the Tax Court decision in the case of James and Elaine Donoghue on June 11 which I covered here. None of the decisions struck me as quite interesting enough to merit a post, but I have resolved to be your go-to-guy when it comes to
Hand holding U.S. passport Getty Earlier this month, the Internal Revenue Service (IRS) issued a reminder to taxpayers with significant tax debts that their passports could be at risk. Now, IRS Commissioner Charles Rettig has granted a reprieve for some taxpayers. A memo (TAS-13-0819-0014) from Acting National Taxpayer Advocate Bridget Rogers has advised that there is
Which expenses are business and which are personal? You might think it’s obvious, but your view and the IRS view may differ. These days business and personal can often seem mixed up, such as when you do entertaining, try to motivate employees, go on combined business and work trips, and more. Even lawsuits can seem
The city of Toronto has become a flash point for a global issue that will soon become one of the most divisive, complex legal, regulatory and administrative challenges of the 21st century: smart cities. Toronto, Ontario, Canada on July 01, 2019. (Photo by Creative Touch Imaging Ltd./NurPhoto via Getty Images) NurPhoto via Getty Images Late