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Tax Rants by David Rocci

Expiring tax cuts and tomato paste all part of the Congress Circus

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: Tax Rants by David Rocci By: David Rocci on 12/21/2011 11:45:24 PM

Expiring Tax Cuts Could Hurt Social Security

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: Tax Rants by David Rocci By: Rachel on 12/7/2011 10:04:03 PM

Your mustache might be worth $250!

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: Tax Rants by David Rocci By: David Rocci on 11/30/2011 5:46:33 PM

Paterno estate planning move under scrutiny

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: Tax Rants by David Rocci By: Marathon on 11/28/2011 1:12:43 PM

Kim Kardashian's pending divorce will affect her filing status

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: Tax Rants by David Rocci By: Marathon on 11/2/2011 9:32:00 PM

Using Halloween to Teach Your Kids About Taxes

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: Tax Rants by David Rocci By: David Rocci on 11/1/2011 1:47:00 AM

Standard Deductions Rise in 2012 Due to Inflation

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: Tax Rants by David Rocci By: David Rocci on 10/25/2011 2:28:00 AM

Pole taxes and sin taxes: Revenue generators or too much Government intervention?

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: Tax Rants by David Rocci By: David Rocci on 10/17/2011 3:33:00 AM

Top 3 reasons to file on-time after filing an extension

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: Tax Rants by David Rocci By: David Rocci on 10/9/2011 9:53:00 PM

Presidential candidates propose tax changes

  Election time brings excitement, frustration, concern, and hope for change, true hope, and not just a slogan that we are accustomed to hearing recently. However, it is often presented with id...

Posted To: Tax Rants by David Rocci By: David Rocci on 9/30/2011 3:17:00 PM