Tax Analysts Blog

Jul 31, 2015
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It's long been acknowledged that the New York Division of Taxation aggressively enforces its residency rules. People who move from New York to states without an income tax are frequently subject to a residency audit to ensure that they have legally changed their domicile. Taxpayers may not appreci...
Jul 29, 2015
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On July 27, House Oversight and Government Reform Committee Chair Jason Chaffetz said President Obama should remove IRS Commissioner John Koskinen, and he made it clear that if the president doesn't act, Congress could consider contempt charges and even impeachment. On the one hand, Chaffetz's thre...
Jul 29, 2015
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Over the past few years, I've offered advice to both liberal and conservative politicians on tax policy. One of my pearls of wisdom is that both the left and the right should at least try to adhere to the concepts of sound tax policy. Both parties ignore and violate the principles of good tax poli...
Jul 28, 2015
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If you're a lawmaker who wants to punish the IRS and you're tired of simply starving it of funding, what's next? How about dismantling one of the agency's core functions and outsourcing it to the private sector? That's what Senate Republicans have proposed (again), this time as part of legisla...
Jul 27, 2015
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“That deferral is a very valuable thing.” - Donald Trump, March 5, 2015 Donald Trump did not like the tax reform Ronald Reagan signed into law in 1986. In an op-ed in The Wall Street Journal, he called it “one of the worst ideas in recent history.” The reason for his dislike was that the reform...
Jul 24, 2015
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For several days, you couldn't turn on the TV or radio looking for news without running into “in-depth reporting” on what Donald Trump said about John McCain. This especially included the Sunday news shows – which I admit with some shame I still watch. I wasn't sure if what Trump had to say ab...
Jul 21, 2015
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Yahoo wants to spin off its holding in Alibaba. It had already sold a lot of its stake in the Chinese giant, but it retains a 15 percent share. The goal of the spinoff is supposedly to allow Yahoo to focus on its core business, but the reality is that CEO Marissa Meyer needs to show some profits to...
Jul 20, 2015
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Inclusive capitalism. Can it possibly be as wonderful as its supporters claim? According to a report released in January by the Center for American Progress (CAP), the think-tank that is the source of many ideas for Hillary Clinton's presidential campaign, workers whose employers provide profit-sha...
Jul 14, 2015
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Showing that some Republicans have learned their lesson from Mitt Romney's failed 2012 presidential campaign, Jeb Bush released 33 years' worth of tax returns on June 30. As many will recall, Romney did his absolute best to avoid releasing any tax information, finally caving and showing reporters...
Jul 13, 2015
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The sharing economy. The collaborative economy. The Uber economy. It goes by many names. Whatever you call it, the phenomenon of specialized on-line marketplaces connecting small businesses with customers is growing by leaps and bounds. The primary builders of these marketplaces are tech-savvy, ven...