David Rocci Tax Rants

Everyone is feeling the pressure with end of the year quickly approaching.  The Christmas season can often cause stress due to shopping, family parties, work functions and of course the over spending. However, the stress on Capitol Hill is much

Posted To: David Rocci Tax Rants By: David Rocci on Thursday, December 22, 2011

The irony behind the battle on Capitol Hill regarding expiring tax cuts is that it is going to hurt the economy in the eventually as lawmakers will have to find a way to stimulate the economy to make up for

Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, December 21, 2011

Capitol Hill is preparing for another battle this week.  This stage in the war is over payroll taxes, and whether to end, extend or expand the two- percent cut that is set to expire December 31st.  The House passed a bill on Tuesday, but it is unlikely to get through the Senate.  A tax cut is simply reducing incom

Posted To: David Rocci Tax Rants By: Rachel Dionisio on Wednesday, December 07, 2011

Do you sport a “stache?” If so, pay close attention because if the American Mustache Institute (yeah, I couldn’t believe that existing either) gets their way then you may have a few more dollars come tax time. The “AMI continues

Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, November 30, 2011

Joe Paterno has proven that he can strategize on the football field and also he apparently can strategize when it comes to estate planning. Paterno has been fired by Penn State Trustees amidst the 40 child sexual abuse charges filed

Posted To: David Rocci Tax Rants By: Marathon on Monday, November 28, 2011
When you sign on to be a celebrity you expect to have your life broadcast around the world.  Fill in the blank celebrity "is in court" or "in jail" or "caught cheating" blasts across the internet...
Posted To: David Rocci Tax Rants By: Marathon on Wednesday, November 02, 2011
Another Halloween has come and gone! As I sit here pondering the day's events including the wonderful candy, chili, and a few good pranks, I do feel sorry for the parents of the kids that have been ...
Posted To: David Rocci Tax Rants By: David Rocci on Tuesday, November 01, 2011
For tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation, the Internal Revenue Service announced this week. Each year, the IRS reviews the...
Posted To: David Rocci Tax Rants By: David Rocci on Tuesday, October 25, 2011
With a struggling economy the typical sources of income for the government, start-up fees, new property taxes, application fees, and similar fees and taxes are very limited.  The government is ...
Posted To: David Rocci Tax Rants By: David Rocci on Monday, October 17, 2011
I understand the value of a deadline and, in fact, I love the pressure that comes with a deadline.  Seriously, I'm a tax professional.  However, October 17th is one deadline that you do...
Posted To: David Rocci Tax Rants By: David Rocci on Sunday, October 09, 2011