KC Harvey Relief Effort Dear Friends: Our prayers go out to those affected by Hurricane Harvey and its catastrophic flooding along the Gulf coast. Amid that terrible devastation, we should all pause and be grateful for our own good fortune. But as we do so, the sheer magnitude of this disaster and the suffering it [...]
State and Local Tax Revenues By John Meara The Tax Foundation recently issued a report summarizing the sources of state and local tax revenues. In For 2010 for the total United States, 35% of the state and local revenue came from property taxes and 34% came from sales and gross receipt taxes. The report shows [...]
By John Meara The Wall Street Journal article “Ticket to a Tax Audit: $1 Million,” (February 22, 2016) discusses how while the IRS has less money to conduct audits, in the last decade it has nearly doubled the audit rate for high-income taxpayers. The article points out that in 2006, 5.3% of taxpayers with at [...]
Las Vegas (May 18, 2015) – Julie A. Welch, CPA/PFS is the recipient of the American Institute of CPAs’ (AICPA) 2015 Sidney Kess Award for Excellence in Continuing Education. The award was presented to Welch at the AICPA Conference on Tax Strategies for the High-Income Individual today in Las Vegas by Martin Finn, CPA, JD, [...]
“Irony or a Troubling Trend on Identity Theft? I got to be one of the lucky ones this year who got a note back from the IRS saying that a tax return had already been filed on my spouse’s social security number. I had relayed that story to a colleague and behold, he just got [...]
During the upcoming election cycle, expect a lot of discussion about “fixing” the income tax code and “alternatives” to the income tax. It is obvious that the United States needs to either reduce spending or find better way to fund current spending. An excellent article in the March 30, 2015, Wall Street Journal discusses one [...]
From Today’s, February 20, 2015, Armada Executive Intelligence Brief……. "We have told the story many times about the average ship captain in the Navy. He/she can wake from a dead sleep knowing that something on the ship is different. A different pitch, speed, or sound can wake that officer from a deep sleep because something is different. [...]