David Rocci Tax Rants

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: David Rocci Tax Rants By: David Rocci on Friday, July 15, 2011
Summertime is finally here!  Are you enjoying days at the pool, maybe taking a vacation (or a staycation depending on your economy) or catching up with neighbors as people spend more time out doo...
Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, July 13, 2011
In May, according to CNN, the United States Government hit the debt ceiling.  This is the national version of maxing out your credit card, however the government isn't having their lines reduced ...
Posted To: David Rocci Tax Rants By: David Rocci on Thursday, June 30, 2011
The most tax newsworthy topic this week has been about what has been termed the "Amazon Tax." Online retailer, Amazon.com, has pulled operations out of states that force its sellers to collect retail...
Posted To: David Rocci Tax Rants By: David Rocci on Saturday, June 25, 2011
The Internal Revenue Service announced this week an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the de...
Posted To: David Rocci Tax Rants By: David Rocci on Tuesday, June 21, 2011
Are you considering getting a new car in 2011?  There are some incentives available if you purchase a car weighing more than 6,000 pounds. If you purchase a large vehicle, you can deduct the 100...
Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, June 08, 2011
If you are considering adopting a child, you may qualify for the adoption tax credit, which is up to $13,170 per child. In order to qualify, you must have adopted a child and paid out-of-pocket expen...
Posted To: David Rocci Tax Rants By: David Rocci on Friday, May 27, 2011
We are in the tax "off-season," but that doesn't mean that we can afford to stop thinking and talking about taxes. Utilize this down time to get organized and make sure you have a plan to keep your r...
Posted To: David Rocci Tax Rants By: David Rocci on Friday, May 20, 2011
The Internal Revenue Service announced this week that the spring 2011 issue of the Statistics of Income Bulletin is now available.  The issue features information on high-income individual tax re...
Posted To: David Rocci Tax Rants By: David Rocci on Tuesday, May 17, 2011
By now you have probably received your refund from the IRS for 2010 unless you filed an extension.  Unfortunately, some taxpayers had their refund withheld or it was used to offset previous tax l...
Posted To: David Rocci Tax Rants By: David Rocci on Friday, May 06, 2011