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Tax Rants by David Rocci

Could unemployment benefits be destroying America?

  Recently, President Obama asked Congress to consider an extension of unemployment benefits allowing workers to receive up to two years of benefits.  Currently, in some states people ca...

Posted To: Tax Rants by David Rocci By: David Rocci on 9/24/2011 2:10:00 AM

Cell phones are no longer taxable benefits

Earlier this year, we talked about how cell phone taxes were becoming a large portion of the cell phone bill.  Although the IRS has not changed that aspect of the bill, they have made some chan...

Posted To: Tax Rants by David Rocci By: David Rocci on 9/17/2011 3:37:00 AM

Congressman Kinzinger addresses Joliet Chamber of Commerce

I had a unique opportunity to hear Congressman Adam Kinzinger speak this past week in Joliet, Ill. at a Joliet Chamber of Commerce luncheon. The young Congressman reminded the audience that the most...

Posted To: Tax Rants by David Rocci By: David Rocci on 9/9/2011 2:00:00 AM

Top 4 items to check off your Hurricane Recovery List

We hope you are safe and sound following Hurricane Irene's trip along the East Coast.  We are assuming since you are reading this blog that you have at least saved your laptop and found a WIFI ho...

Posted To: Tax Rants by David Rocci By: David Rocci on 9/1/2011 4:35:00 AM

Airline Tickets and Taxes: Answers to your questions

In July, the Federal Aviation Authority failed to extend the operating authority resulting in a temporary end to taxes being collected on airline tickets. On August 5th, Congress extended the FAA aut...

Posted To: Tax Rants by David Rocci By: David Rocci on 8/25/2011 3:41:00 PM

Tax reform: Is it about time we considered a change?

As Americans continue to fight through the recession and redefine what the "American Dream" really means, is it time to consider a tax reform? Warren Buffett has offered his solutions and he believes...

Posted To: Tax Rants by David Rocci By: David Rocci on 8/19/2011 1:57:00 AM

IRS softens stance on “innocent spouse”

The IRS announced recently that they will extend help to innocent spouses who are liable for their partner's tax debt. "In recent months, it became clear to me that we need to make significant change...

Posted To: Tax Rants by David Rocci By: David Rocci on 8/10/2011 11:05:00 PM

FAA Authorization Failure = Cheaper Airline Tickets

Once again, the government's lack of ability to get something accomplished by a deadline is impacting the tax payer. Lawmakers failed to reach a deal to extend the operating authority of the Federal ...

Posted To: Tax Rants by David Rocci By: David Rocci on 7/26/2011 4:11:00 PM

Six Tax Tips for Students Starting a Summer Job

 "School's out for summer!" I bet you couldn't read that sentence without singing the song! School is out and many students will be starting summer jobs. The Internal Revenue Service reminds st...

Posted To: Tax Rants by David Rocci By: David Rocci on 7/18/2011 2:35:00 PM

Debt Ceiling Debate is Political Positioning

The pressure is on in Washington.  We are two weeks away from the deadline given by Tim Geither for the lawmakers to reach an agreement before the United States surpasses the debt ceiling and sen...

Posted To: Tax Rants by David Rocci By: David Rocci on 7/15/2011 4:19:00 PM