David Rocci Tax Rants

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
With the unemployment rate at an all-time high (9.5% in June 2009), many job seekers are dipping into their own pockets to facilitate their career searches. If you are searching for a job this su...
Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, July 15, 2009
Every year my tax office experiences a couple client situations where they are completely shocked someone has used or is using their social security number. These issues usually extend well beyond the...
Posted To: David Rocci Tax Rants By: David Rocci on Monday, July 13, 2009
Cash for Clunkers, officially known as the Consumer Assistance to Recycle and Save act of 2009 (CARS) or the Car Allowance Rebate System (CARS) - gotta love the feds and their acronyms! I wonder if th...
We already covered the fantastic sales tax credit for new vehicle purchases in 2009 but don't forget about the Hybrid tax credit, too! The Energy Policy Act of 2005 provides a credit for taxpayers who...
Posted To: David Rocci Tax Rants By: David Rocci on Monday, June 22, 2009
Even if you don’t agree with the bailout of American automakers, there are some awesome tax breaks to help keep them propped up. A friend of mine recently purchased a 2009 Saturn for 0% interest...
Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, June 10, 2009
Got money off-shore? Come clean with the IRS to avoid criminal charges and receive the benefit of much lighter penalties, too. The IRS issued a statement saying it will move to collect only 20 percent...
Posted To: David Rocci Tax Rants By: David Rocci on Monday, June 01, 2009