Category Archives: Taxes

Received My New York State Family Tax Relief Credit Check

Nothing makes my heart drop like a piece of mail from either the IRS or New York State Department of Taxation and Finance.  While my income is not large by most people’s standards I do own a couple of businesses so any type of notice from a taxing authority makes my head hurt even before

I am Not Sure How I Feel About the Recent Tax Inversion Activity

If you follow business news at all you’d see an increase in tax inversion stories.  To put it simply tax inversion is when a United States company buys a foreign company and adopts the purchased company’s address to reduce taxes owed to Washington.  A screenshot from google’s search insights shows the increase interest in the

Even Potheads Care About Taxes

With more States legalizing recreational and medicinal marijuana I find it interesting to see the unforeseen consequences and results occurring therefrom.  As a libertarian I believe that most people should be able to make up their mind on most decisions.  Like most things, I am not an extremist in my view and think all laws

Preparing for my Annual CPA Tax Meeting

Every year I take the opportunity of owning a personal finance blog to organize my thoughts and paperwork for my upcoming CPA meeting.  Could I do this in a word document? Sure, but why own a personal finance blog if I can’t ask others if they thought I missed anything. While my family’s income isn’t

It Makes Perfect Sense that the Rich Benefit More from Deductions!

The Los Angels Times recently reported that the richest households are getting the majority of “tax breaks” and deductions built into our tax code.  Their article is based on a CBO Report titled, The Distribution of Major Tax Expenditures in the Individual Income System. First thing is first, I think it reprehensible that a non-partisan