Monthly Archives: December 2014

2014 Tax Offender of the Year

Posted on December 31, 2014 by Russ

It’s time again for that most prestigious of prestigious awards, the 2014 Tax Offender of the Year. The winner of this award must do more than just cheat on his or her taxes. It has to be special; it really … Continue reading →

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California at Bottom of Small Business Entrepreneurship Rankings

Posted on December 31, 2014 by Russ

While I was on vacation, the Small Business & Entrepreneurship Council released its 19th annual “Small Business Policy Index 2014: Ranking the States on Policy Measures and Costs Impacting Small Business and Entrepreneurship.” (Hat Tip: Joe Kristan) The listing measures … Continue reading →

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IRS Announces Tax Season to Start on January 20th

Posted on December 29, 2014 by Russ

The IRS announced today that they anticipate opening tax season normally — on Tuesday, January 20, 2015. (Monday, January 19th is Martin Luther King day and is a federal holiday.) Paper return processing will also begin on the same day. … Continue reading →

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While I Was Out: 2015 Standard Mileage Rates Issued

Posted on December 26, 2014 by Russ

While I was on my vacation the IRS announced the 2015 standard mileage rates: Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 57.5 cents per mile … Continue reading →

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Nominations Due for 2014 Tax Offender of the Year

Posted on December 23, 2014 by Russ

With just about one week prior to the end of 2014, it’s time for a final reminder to submit nominations for the Tax Offender of the Year. To be considered for the Tax Offender of the Year award, the individual … Continue reading →

Posted in Taxable Talk | Tagged | 1 Comment

Business Efiling Annual Shutdown on Friday

Posted on December 23, 2014 by Russ

The IRS will begin its annual business electronic filing shutdown on Friday, December 26th. This shutdown enables the IRS to add the new year (2014) tax products for business electronic filing. I’d expect business efiling to resume in mid to … Continue reading →

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Tax Extenders Signed Into Law

Posted on December 21, 2014 by Russ

President Obama signed legislation that extended for one year the “Tax Extenders.” Tax Extenders include items such as the deduction for sales tax, mortgage/cancellation of debt tax relief, “bonus” depreciation, and many others. As the legislation didn’t have much in … Continue reading →

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Vacation

Posted on December 5, 2014 by Russ

It’s time for my annual winter vacation. I will not be posting until I return. While I’m away, enjoy the fine bloggers listed in the blogroll on the right. I’ll be back on Tuesday, December 23rd.

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Speaking of Efficiency

Posted on December 5, 2014 by Russ

I do know how we can improve the Tax Code: Force Congresscritters to do their own taxes. I have an instructive vignette on why this is the case. A friend of mine was hired by a major tax software company … Continue reading →

Posted in Legislation | 1 Comment

A Rare Piece of Efficiency from the IRS

Posted on December 2, 2014 by Russ

We have to take our victories in dealing with the IRS where we find them. As an Enrolled Agent, every three years I have to renew my license. I go online, check various boxes, note the continuing education I’ve taken, … Continue reading →

Posted in IRS | 2 Comments