Typing

TaxProf Blog

  • Herzig: em Exchange Funds/em

    - Tue, 22 May 2012 06:00:00 -0400

    David J. Herzig (Valparaiso), Exchange Funds: A Proposal for Regulations, Finally, 135 Tax Notes 865 (May 14, 2012): The economic downturn has created an investment market in which some tax-advantaged strategies have become favored. To avoid taxable diversification, taxpayers have turned to exchange funds. Through the rules in sections 351,...

  • Haneman: em Court-Ordered Mediation in Will Contests/em

    - Tue, 22 May 2012 05:00:00 -0400

    Victoria J. Haneman (La Verne), The Inappropriate Imposition of Court-Ordered Mediation in Will Contests, 59 Clev. St. L. Rev. 513 (2011): Following the successful implementation of court-ordered mediation programs in divorce and family law cases, similar programs are being adopted to mandate the use of mediation in other areas of...

  • emThe Proposed § 356 Regulations/em

    - Tue, 22 May 2012 04:00:00 -0400

    Terri Guinn (J.D. 2012, San Diego), Comment, Proposed 2009 Regulations Dealing With Section 356 Nonrecognition Rules Should be Given the Boot, 48 San Diego L. Rev. 1397 (2011): ?Fire, Aim, Ready!? Could this be the approach taken by the Internal Revenue Service (the Service) in its attempt to finalize regulations,...

  • Giegerich: em The Monetization of Business Tax Credits/em

    - Mon, 21 May 2012 15:21:00 -0400

    Thomas W. Giegerich (McDermott, Will Emery, New York), The Monetization of Business Tax Credits, 12 Fla Tax Rev. 629 (2012): This Article examines the history of the development of federal incentive tax credits, from the enactment of the investment credit in 1962 to the cash grant in lieu of...

Keyboard

Taxes - The Heritage Foundation

Paul's latest Pics

All work and no play.... make Paul a dull boy.

Now Finished

Cowles Creek

The Weather Channel: Your Local Weather Outlook--Mentor, OH (44060)

Hand Shake

Hiers Tax Service, Inc
is your partner in tax preparation. We provide tax preparation services for the individual and small business.

We prepare all Federal, State and City tax returns including 1040EZ, 1040A, 1040, 1065, 1120 and 1120S plus all needed schedules. We can prepare State Tax Returns for any State with a income tax.

A few noteworthy quotes ...

F. J. Raymond, humorist says:

Next to being shot at and missed, nothing is really quite as satisfying as an income tax refund.

(shown 2624 times)

US Debt Clock

http://www.usdebtclock.org/

Retirement and Taxes | Reforms that Make "Cents"

  • Unemployment Rate is Only Part of the News

    - Fri, 04 May 2012 15:26:31 +0000

    The Bureau of Labor Statistics released its latest numbers – the unemployment rate fell a whopping one-tenth of a percentage point, from 8.2 in March to 8.1 in April.  While some (particularly people who are running for re-election) may see this as a promising path to a rate that falls well below 8 percent by [...]

  • Update: Common Sense Wins Out Over Proposed Farm Regulations

    - Fri, 27 Apr 2012 13:06:01 +0000

    The Obama administration’s Labor Department has withdrawn its propose rules that would prohibit children from doing nearly all types of farm work.  (See article from the Daily Caller).  On rare occasions, common sense prevails.

  • Department of Labor Farm Regulations are Full of Bull

    - Wed, 25 Apr 2012 14:04:43 +0000

    It is bad enough that the teenage unemployment rate is the highest among the age groups.  But according to the Daily Caller, the Department of Labor has proposed regulations that will essentially destroy a generation of potential future farmers.  The proposed new rules would prohibit children under the age of 18 from performing most farm [...]

  • Don?t Treat the I.R.S. Like a Savings Account

    - Tue, 17 Apr 2012 13:33:16 +0000

    Picture this scenario:  Suppose you are a habitual spendthrift and have great difficulty putting money aside for savings, so you ask a trusted friend to hold money for you.  Each month for a year, you give this friend $200 a month, which you cannot borrow against or ask to be returned to you until the end of a [...]

Tax Policy Center: Nonprofits and Taxes

  • A Method for Measuring and Partially Testing "Charitability", 3 of 3 parts : Some Complexities

    - Mon, 06 Aug 2007 00:00:00 EST

    In this series so far, I have suggested that it is possible to test "charitability" at least in terms of transfers of resources from some class of donors to some class of recipients by using a balance sheet approach to identifying how those donors and recipients match up. After all, they should be equal in size. Now I will examine two additional complications past charitable contributions and transfers from governmentand then conclude by reexamining some of the objections to the approach I have suggested.

  • A Method for Measuring and Partially Testing "Charitability", Second of Three Parts : Applying the Tool

    - Mon, 30 Jul 2007 00:00:00 EST

    All charities claim to be performing some good for others or for society. These "outputs" require inputs of charitable resources. Nongovernmental sources can be divided broadly into two major categories: financial or real capital, and volunteer labor. These contributions of money or property and time are typically tax favored. This article examines how the balance sheet exercise matching uses and sources of charitable "resources" can serve as a cross-check for how charitable an organization is.