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Top Three Ways Outcome of Fiscal Cliff Negotiations Will Impact Estate Tax Rates and Exemptions

Source: PR Newswire, Dec 11 2012, 8:17am CST

NEW YORK, Dec. 11, 2012 /PRNewswire/ -- Fiscal cliff negotiations between Congress and the White House present risk that estate and gift tax exemptions will be reduced and that tax rates will be increased to add revenue as ...

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Update
10

5 hours ago

State Revenue Surge A Bad Reason To Spend More

Source: Hartford Courant  |   May 20 2013, 6:53pm CDT

A tidal wave of individual income tax payments flooded federal and Connecticut coffers this April, surprising even budget officials, who should have seen it coming. The surge was cause primarily by a predictable increase in ...

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Update
9

5 hours ago

David Rivkin and Lee Casey: The IRS and the Drive to Stop Free Speech

Source: Wall Street Journal  |   May 20 2013, 6:14pm CDT

The unfolding IRS scandal is a symptom, not the disease.For decades, campaign-finance reform zealots have sought to limit core political speech through spending limits and disclosure requirements. More recently, they have claimed that it is wrong and dan ...

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Update
8

22 weeks ago


Quote:
"Congress may use the final weeks of 2012 to sketch out a broad outline of higher tax revenue and reduced entitlement spending, kicking the can down the road, as it were, for next year's Congress to fill in the blanks with the necessary legislative details ... Particularly with Congress needing to improve its low 'job-approval-rating' of 21 percent, the tremendous pressure to reach a compromise may serve as sufficient impetus for action."


Source: PR Newswire

 

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Update
7

6 hours ago

IRS Rarely Denies 'Social Welfare' Applications, Data Shows

Source: The Huffington Post  |   May 20 2013, 5:37pm CDT

By Michael Beckel Center for Public Integrity During its past four fiscal years, the Internal Revenue Service has formally denied the applications of just 60 organizations seeking recognition under Section 501(c)(4) of the U.S. tax code as “social welfar ...

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6

8 hours ago

Save Some Pinocchios for NPR and the NYT

Source: The Corner  |   May 20 2013, 3:40pm CDT

Over at the Washington Post, fact-checker Glenn Kessler awarded IRS employee Lois Lerner four Pinocchios for her comically false claim that the agency had seen a “big uptick” in 501(c)(4) applications as a partial explanation for IRS targ ...

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Update
5

1 day ago

Mich. disabled vets could see property tax relief

Source: San Francisco Chronicle  |   May 19 2013, 3:01am CDT

LANSING, Mich. (AP) — Some disabled veterans living in Michigan could get some relief next tax season under legislation being debated in the state Senate. One bill would allow cities and townships to provide a tax exemption on a veteran's pri ...

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Update
4

2 days ago

Promising ideas whet appetite for tax reform: Agenda 2013

Source: Oregon Live  |   May 18 2013, 3:03pm CDT

Gov. John Kitzhaber, talking with and fellow Democratic leaders House Speaker Tina Kotek and Senate President Peter Courtney, after the May revenue forecast has tried to push forward budget discussions.Don Ryan/AP The combi ...

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Update
3

3 days ago

IRS Targeting Scandal Rooted in Campaign-Finance Politics

Source: U.S. News & World Report  |   May 17 2013, 5:20pm CDT

Ousted IRS Chief Steve Miller takes his seat on Capitol Hill in Washington, Friday, May 17, 2013, after a break as he testifies before the House Ways and Means Committee hearing on the Internal Revenue Service (IRS) practice of targ ...

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Update
2

3 days ago

IRS Defends Agency ‘Obamacare’ Official

Source: ABC News  |   May 17 2013, 1:10pm CDT

Despite her congressional testimony, the Internal Revenue Service today denied that the former commissioner of tax exempt and government entities – now running the agency’s health care office – was in charge of the un ...

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Update
1

3 days ago

Tax Analysts Exclusive Article Reveals IRS's Mismanagement of Whistleblower Program

Source: iStockAnalyst  |   May 17 2013, 7:59am CDT

FALLS CHURCH, Va., May 17, 2013 /PRNewswire/ -- In an exclusive news story published in Monday's Tax Notes, Tax Analysts – the nonprofit provider of federal, state, and international tax news and analysis – unveils alleged wrongdoing and mismanagement in ...

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