There are demons in his flock!
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The Tax Foundation Is Concerned About the Tax Implications of Potato Salad
- Adrienne Gonzalez
- July 9, 2014
Zack Danger Brown's potato salad fundraiser is still racking up the simoleons, and those ever […]
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These New IRS Competency Exams Are Going To Be a Hoot
- Caleb Newquist
- November 23, 2011
Our resident tax nerd, Joe Kristan, touched on the IRS competency exam a couple of weeks ago but yesterday the IRS officially rolled out the red carpet. So, if you prepare tax returns but aren’t a CPA, lawyer, or enrolled agent, you now have the distinct pleasure of spending $116 to spend a few hours with everyone’s favorite test vendor – Prometric – whose proctors will keep a watchful eye on you to make sure your ostomy bag isn’t a secret answer bank, that you aren’t packing heat and your gum is appropriately disposed of. What’s the point of all this, you ask? IRS Commish Doug Shulman can answer that:
“This is another major step forward in our effort to enhance tax preparation service to millions of taxpayers. People should feel assured that the person they hire to prepare their federal tax returns has a working knowledge of the tax code,” said Doug Shulman, IRS Commissioner. “The majority of tax return preparers are reputable professionals but the few bad apples cause great harm to taxpayers and the industry.”
Got it? It’s for the good of the country. Just make sure you don’t have a runny nose on the day of your test. That’ll get you in trouble.
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Alabama Strives for the #1 Ranking in Obesity with Consideration of Tax on Gym Memberships
- Caleb Newquist
- August 2, 2010
Yes, it’s true! Bama was number #2, according to the latest Robert Wood Johnson Foundation and the Trust for America’s Health ranking but with a little bit asinine tax policy, the Yellowhammer state could ascend to #1 spot.
Kiplinger has a slideshow that goes over some of the stranger (and desperate) measures some states are going to in order to close their budget gaps. Twenty-six states already tax bowling for crissakes! And now Michigan, Nevada, North Carolina and New Mexico are thinking about it too!
The ultimate, for us anyway, is the Alabama’s show of complete disdain for anyone considering to exert themselves in any manner, shape or form:
Later this year, Alabama will debate taxing gym memberships, a plan that could raise several million dollars a year in state revenue. A monthly membership would include the Yellowhammer State’s 4% sales tax.
You hear that? Several million dollars. Easily eaten by the costs associated with the 31% obesity rate. Sounds like a great plan.
10 Surprising Ways Your State May Tax You Next [Kiplinger via Bucks]