David Rocci Tax Rants

This is a great follow-up to my post last week about NOT panicking when you receive a letter from the IRS. Even in the case of overlooking some dividend income or whatnot, the interest rates are very ...
Posted To: David Rocci Tax Rants By: David Rocci on Thursday, September 24, 2009
I'm often asked how to calculate the home office deduction and there is a little confusion out there about the methods for accomplishing this deduction accurately. Most of the confusion comes from the...
Posted To: David Rocci Tax Rants By: David Rocci on Monday, September 21, 2009
In an attempt to curb the obesity epidemic and create a new stream of revenue to fund health care programs, many health experts are joining the fight for "sugar tax". The New England Journal of M...
Posted To: David Rocci Tax Rants By: David Rocci on Friday, September 18, 2009
First, rip it up and burn it...then all your problems will go away. Just Kidding! Seriously, don't rip it up.... but don't panic! Most letters from the IRS are triggered by minor issues or common erro...
Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, September 16, 2009
In an attempt to lighten the mood here in the tax lounge, I thought it would be amusing to showcase some of the more prevalent celebrity tax scandals of the past century. Special thanks to The Daily B...
Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, September 09, 2009
Well, it's not that you'll never get it, but the average processing time is approximately 12-16 weeks according to IRS officials. The usual refund period for amended returns (1040-X) is 8-12 weeks so ...
Posted To: David Rocci Tax Rants By: David Rocci on Monday, September 07, 2009
As many of you may or may not know, the burden of proof is traditionally on the taxpayer to prove the legitimacy of a deduction they've claimed. Basically, you are guilty until proven innocent. In my ...
Posted To: David Rocci Tax Rants By: David Rocci on Thursday, September 03, 2009
Adam Sandler said it best in his famous flick, Billy Madison, "Back to school, back to school; to prove to dad I'm not a fool..."  Now, it's Dad's (and Mom's!) turn to be the smarty-pants; m...
Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, September 02, 2009
Some families are glad that school is back in session and the kids are gone... and some will truly miss the fun-filled afternoons with the little buggers. Whichever camp you may fall in, here are some...
Posted To: David Rocci Tax Rants By: David Rocci on Tuesday, September 01, 2009