Filing an extension? This is the last tax article I will be writing before the end of the 2010 tax filing season. All individual returns are due to be postmarked or e-filed by midnight on the 18th of April. Returns can be e-filed right up until midnight from any computer, but it’s up to the [...]
Changes not always fair It must be baseball season. Even George Will, the conservative columnist, devoted his Sunday column to baseball trivia. I don’t always agree with Mr. Will, but I make it a point to read his column. I am one of those life-long baseball fans, but when George said trivia, he wasn’t kidding. [...]
Rules for owning two residences It’s time to review the rules for taxpayers who are unlucky enough to own two residences at the same time. Dating back to when Proposal A passed, we voted that every homeowner can designate one principal residence for the Principal Residence Exclusion (PRE). The advantage of having the PRE designation [...]
Obscure Code Sections It seems that we have a slight problem in our tax system. This problem shouldn’t be a surprise to most of us. Prisoners are filing fraudulent tax returns, claiming various credits, and getting the refunds. On top of that, they are then arguing with the Internal Revenue Service about the validity of [...]
What would Washington think? It was 1783. The United States of America had just defeated Great Britain, the mightiest power on the face of the Earth. It was now free of the king’s tyranny. The Revolutionary War had lasted eight long years. America’s commander-in-chief, George Washington, was gravely concerned that eight years of effort would [...]
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