by taxnick on May 8, 2010
Blanche Christerson, an executive in Deutsche Bank AG’s private wealth management division, loves her 85-year-old ailing mother, Hedda Lark, of Manhattan Beach, California, and isn’t ready for her to die. Still, Christerson says, she and her mother are bothered that in discussing Lark’s estate, they wrestle with tax complications that didn’t exist just a year [...]
by taxnick on October 21, 2009
The government Wednesday geared up for the implementation of a law for pensioners that may cost some P11 billion in foregone revenues in the first year amid ballooning expenses for economic stimulus and reconstruction.
The Bangko Sentral ng Pilipinas, the Department of Finance and the Securities and Exchange Commission signed a memorandum of agreement on the [...]
by taxnick on May 12, 2009
The IRS publishes a thorough explanation of your rights as a taxpayer.
You have rights as a taxpayer when dealing with the IRS. Whether you file a Form 1040 or a complicated corporate return, you will benefit from knowing your rights as a taxpayer and being familiar with the IRS’ obligations to protect them.
The Taxpayer Advocate [...]
by taxnick on April 10, 2009
At a fascinating TPC panel this afternoon, TPC’s Bob Williams, former CBO director (and McCain economic adviser) Doug Holtz-Eakin, former top Ronald Reagan tax adviser John (Buck) Chapoton, and Center on Budget & Policy Priorities executive director Bob Greenstein all wrestled with the nature—and future–of our progressive tax system.
It is more than an academic question. [...]