Monthly Archives: October 2010

You Will eFile in New York

Posted on October 31, 2010 by Russ

I have a few clients in New York (about 20). I have one client who strongly dislikes efiling. It appears he won’t have a choice for his 2010 tax return if I prepare his return. New York has implemented mandatory … Continue reading →

Posted in New York | 7 Comments

Taxes Are For The Other Party

Posted on October 30, 2010 by Russ

The Democratic National Committee has a private club (the National Democratic Club) in Washington, DC. I guess that’s not surprising–with so many politicians in Washington, a club makes sense. But even political parties (and their clubs) must pay their taxes. … Continue reading →

Posted in Property Taxes | 1 Comment

Proposition 26: Fees Require 2/3 Vote

Posted on October 29, 2010 by Russ

Proposition 26 on the California ballot would require many state and local fees to be approved by a 2/3 vote. Proponents of the measure argue that there are numerous hidden fees (taxes, in their view) that have been approved by … Continue reading →

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Proposition 25: Majority Budget Instead of 2/3 Vote

Posted on October 28, 2010 by Russ

Current law requires California to have a two-thirds vote in order to pass a budget. Proposition 25 would eliminate the two-thirds requirement and would allow the budget to be approved by a simple majority vote. Wow, it seems fair to … Continue reading →

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Proposition 24: Business NOLs and Multi-State Taxes

Posted on October 28, 2010 by Russ

Proposition 24 on the California ballot would eliminate the ability of businesses to take Net Operating Losses (NOLs) as federal tax law allows. Additionally, the measure would continue the usage of a three-factor system for taxation of multi-state entities by … Continue reading →

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Proposition 23: Suspension of AB32 (Global Warming Tax)

Posted on October 28, 2010 by Russ

Back in 2006, the California legislature passed AB32. This measure, which was signed by Governor Schwarzenegger, allows the state to regulate greenhouse gases such as carbon dioxide (CO2). The goal of AB32 is to reduce such gas emissions by 2020. … Continue reading →

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We’re Number Two!

Posted on October 27, 2010 by Russ

Congratulations, California! You have the second worst business climate in the country! Earlier today the Tax Foundation released its 2011 report on the Business Tax Climate Index. Here are the ten worst states: 50. New York 49. California 48. New … Continue reading →

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Amazon 1, North Carolina 0

Posted on October 27, 2010 by Russ

Back in April I reported on Amazon.com’s petition for declaratory relief from North Carolina; the North Carolina Department of Revenue requested information on every purchase of goods since 2005 in the Tar Heel State. And that request was rather inclusive: … Continue reading →

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Proposition 22: Transportation Funding

Posted on October 27, 2010 by Russ

Proposition 22 on the California ballot would prohibit the raiding of transportation funding for anything. The measure, if approved, would stop the practice of the legislature of using transportation funds (including the gasoline tax) to fund anything and everything else. … Continue reading →

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Proposition 21: State Parks Vehicle License Surcharge

Posted on October 27, 2010 by Russ

Proposition 21 on the California ballot would add an $18 fee (err, tax) to vehicle license renewals to fund state parks. Shockingly, the California State Park Rangers Association is for the measure. The measure would help to fund the park … Continue reading →

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