Tax Politics
The Politics of Taxes
An Overview of the IRS Proposed Changes to 501c4s
Mat Staver from the Liberty Council put together a good overview of the proposed changes to Social Welfare Organizations (501c4s). Below is a partial list that attempts to define political activity, changing the language that has stood for more than 50 years. "IRS...
The IRS Will Not have Their “Targeting” Investigation Completed by the 2014 Elections
The Washington Times reports that the IRS will not be able to finish their investigation regarding the targeting of Tea Party and other groups, until far after the 2014 elections: "John Koskinen, the man President Obama tapped to clean up the embattled agency, also...
Another Obamacare Tax Clarified by the IRS
So, the tax that was supposed to hit high income earners now also can affect children under certain conditions involving investment. Taxpayers -- take note! The Weekly Standard discusses a newly clarified component of the Obamacare 3.8% Investment Surcharge Tax: "Last...
Quickly Noted: Putin and Obamacare
This is pretty clever
The Budgets For Federal Regulators Are Clearly Too Big
The Wall Street Journal has run a couple of stories in recent months documenting the overreaching work of the FTC. In November, it ran a story describing how the FTC actually investigated whether The Music Teachers National Association was engaging in "anticompetitive...
Tax Changes to the 2013 IRS 1040, Part IV: Itemized Deduction Phase Out Rules
What is a phase out rule? When a taxpayer nears an income limit to qualify for a tax credit, there is a gradual reduction of that tax credit. This is known as a phase out. Higher income earners need to be aware that phase outs will come into play as they file their...