David Rocci Tax Rants

Guest Blogging today from Neal Braver of Brockton, MA: Believe it or not, unemployment compensation is taxable income. Too few people seem to know this (or want to know this). And this oversight ofte...
Posted To: David Rocci Tax Rants By: David Rocci on Thursday, December 10, 2009
Rally the troops, ready the canons and stand up in defiance of the english tyranny! Sorry, sorry... the "freedom" speech from Braveheart got a hold of me. Battling your local assessor's of...
Posted To: David Rocci Tax Rants By: David Rocci on Friday, October 02, 2009
T-minus 15 days! For those procrastinators out there (like me), the deadline for completing your tax filing is rapidly approaching. October 15th is the drop-dead date to e-file your 2008 tax returns....
Posted To: David Rocci Tax Rants By: David Rocci on Thursday, October 01, 2009
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