and WorldCom ushered in a new "expectation" in
tax practice at both the advisory and firm levels, one that might be characterized as
tax risk management.
Everyone active in politics today--virtually every elected official, every speechwriter, every strategist and pollster--came of age in the 30-year era of
tax revolt.
Tax Executives Institute is the preeminent association of business
tax professionals.
When individual clients receive an income
tax refund, a bonus, an inheritance or another windfall--or even have some extra cash on hand after paying off their bills--they have a number of options.
As you meet with clients, research what's new in the
tax codes and update your software to provide the best service you can, spring ahead and confidently meet the only season that's never late or early--
tax season.
Admittedly,
tax law has areas that are unclear and difficult to interpret, and in some cases the outcome of a given structure or position may not be entirely clear, even where there is enough support in the law to justify its legitimacy.
This year, the slakes are even higher thanks to the passage of the federal Jobs and Growth
Tax Relief Reconciliation Act of 2003 (JGTRRA), the third largest
tax cut in U.
The many currency crises of the 1990s gave the Tobin
tax new political momentum.
Comparing the per capita
tax burden to expenditures on goods and services shows that Americans are spending more money per capita in 2000 on
taxes ($10,447) than on food ($2,713), clothing ($1,436), and shelter ($5,913) combined (see Figure 3).
While this may come as no surprise to those of us in the industry, what has raised a few eyebrows is the cutting edge appearance of the State Historic Rehabilitation
Tax Credit that can be combined with the federal
tax credit on the same project.
Take
tax withholding, whereby employers deduct from our gross pay an estimate of the federal and state income
taxes we owe.
On the Valencia couple's wish list are
tax breaks for parents,
tax cuts that lower the cost of living and a
tax benefit for homemakers.