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Tax Rants by David Rocci

Warning: Tax extension deadline is near

DEADLINE APPROACHING   We got that out of the way.  Here’s the deal my friends.  The tax filing and payment deadline runs out on October 15th   That is coming up quick If you have filed an extension, we urge

Posted To: Tax Rants by David Rocci By: David Rocci on 10/4/2012 8:33:48 PM

What is the effect on Capital Gains tax rate?

Congress held a meeting recently to discuss the capital gains taxes and how they might be reformed.  This is one of the great American debates and has major impacts, specifically on the wealthy, and can take a lot of time

Posted To: Tax Rants by David Rocci By: David Rocci on 9/27/2012 11:38:53 PM

Did Microsoft break the law?

Is it interesting that when a “big bad corporation” does something to save on taxes being paid, we as the general public end up in rage. I truly find it humorous.  We, at Liberty Tax, spend countless hours each year

Posted To: Tax Rants by David Rocci By: David Rocci on 9/23/2012 10:24:04 PM

Tips for avoiding identity theft

Keeping up with identity theft requires diligence on the point of financial institutions, but it also helps when the average taxpayer uses some common sense as well. As tax related identity theft continues to increase, keeping thieves away is

Posted To: Tax Rants by David Rocci By: David Rocci on 9/17/2012 2:38:57 PM

Does renting a room count as income?

We get it Money is tight, the economy is bleak, and you are looking to make ends meet and pay off some debt. So, you have considered renting a room out and want to know the tax consequences.  You’ve come

Posted To: Tax Rants by David Rocci By: David Rocci on 9/7/2012 10:52:48 PM

Don’t roll the dice on your tax prep when it comes to gambling

Football season is near and that bring out the rookie and pro alike when it comes to sports gambling.  Whether it is fantasy football or your Super Bowl pool, you need to know that the IRS has some rules when

Posted To: Tax Rants by David Rocci By: David Rocci on 8/29/2012 4:20:07 PM

Let the athletes be athletes and not worry about taxes

The Olympics has wrapped up and it caught the attention of most of my friends, even if only for a minute. My friend’s four year old daughter was even wrapped up into the Olympics especially gymnastics.  I found myself watching

Posted To: Tax Rants by David Rocci By: David Rocci on 8/16/2012 12:34:46 AM

Election Day and the Fiscal Cliff

November is quickly approaching and we are approaching Election Day as citizens will have an opportunity to vote on their presidential choice. The election will ultimately play a big role in our economic policy and we are nearing what Fed

Posted To: Tax Rants by David Rocci By: David Rocci on 8/15/2012 11:53:15 PM

Should I convert to a ROTH IRA?

So, you’re thinking of doing a ROTH IRA conversion, you might want to take into consideration changes that may happen over the next few years with the tax code. I’m not saying it will happen, but only something to take

Posted To: Tax Rants by David Rocci By: David Rocci on 8/5/2012 6:19:32 PM

Tax Exemption in place for Olympic Athletes

Are you enjoying the Olympics so far? What was your biggest surprise? Michael Phelps not reaching a gold medal since he was a young lad? One of my biggest surprises was the Olympic athletes not having to pay taxes Surprised?

Posted To: Tax Rants by David Rocci By: David Rocci on 7/30/2012 8:16:38 PM