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Go Ahead and Ask Harry Reid if Tax Reform Can Be Revenue Neutral; Just Ask Him

Posted on July 25, 2013 by Caleb Newquist

Any tax overhaul “has to be under the total understanding that this can’t be revenue-neutral,” said Reid, a Nevada Democrat. “It can’t be even close to neutral. It has to be a significant tax target.” [Bloomberg]

Posted in TaxTagged all righty then, Harry Reid, significant tax targets, Tax Reform

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  • News
  • Tax

For Everyone in North Jersey, Mass and Rhode Island That Squandered the Last Four Weeks Away, Your Tax Deadline Is Tomorrow

  • Caleb Newquist
  • May 10, 2010

If you were (un)lucky enough to live in one of the flood ravaged counties in North Jersey, Mass, or the entire Ocean State, hopefully you remembered that your extended period of procrastination ends tomorrow.


Yes, unfortunately the last four weeks have flown by and we’re sure that some of you have managed to piss away this time not preparing your tax return. Do yourself a favor and file the extension. You’re hopeless.

Relax, here’s the form.

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  • IRS
  • Tax

IRS Office of Chief Counsel Not in the Market for Any New Blood

  • Caleb Newquist
  • October 17, 2011

After just telling you why an accounting career path may be a little more secure than law, a friend of GC passed along this little bit of news from the IRS’s Office of Chief Counsel:

From: [IRS Office of Chief Counsel]
Date: Mon, Oct 17, 2011 at 12:55 PM
Subject: RE: Chief Counsel Honors Program
To: [IRS Counsel Hopeful]

Thank you for applying to the Office of Chief Counsel. Unfortunately, we will not be hiring under the Honors Program for fall 2012. We appreciate your interest and hope that you will consider us in the future. Thank you.

Attorney Recruitment & Retention Office
Office of Chief Counsel, Internal Revenue Service

On the other hand, if you’re interested in running a IRS garage sale, they do have some extra junk on their hands.

  • Tax

One Firm’s Tax Season Tradition Ignores the “Beards Are Kept Trim” Mantra

  • Caleb Newquist
  • April 13, 2010

All firms realize that tax season is a grind and put up with various silly/downright stupid traditions for the sake of employees’ morale. There’s no work/life balance to speak so concessions are made. In anticipation for the annual tradition that is tax professionals raging on April 15th, FINS has compiled a few interesting traditions that are carried on by various firms. The idea, however, that men are walking around the office sporting the Grizzly Adams defies comprehension.


For you purists of the white collar world, facial hair makes you ill. The sight of five o’clock shadow is downright repulsive and anyone that isn’t shaving at least daily (except for the flesh-colored beard types) will not be dealt with a swift manner.

Unless of course you work at Traphagen & Traphagen CPAs LLC where the tradition of tax season beards goes back 40 years. At that length, it may precede any NHL playoff tradition of funky facial hair, “”At the close of business, they’ll troop into a conference room and together shave the beards they’ve been growing since the end of January.”

As you might expect there are client requests to send the remains to the IRS but unfortunately the partners don’t honor these requests.

Thank God It’s Over — Let’s Party! [FINS]

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Daily Wire is Pissed Off About a PwC Career Program That Excludes White and Asian Candidates

  • Adrienne Gonzalez
  • February 7, 2025

Although this should have been on their radar already because PwC got sued by America First Legal over it two years ago, conservative muckraking site Daily Wire has just now…

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The Only Piece of Advice You Need to Survive Layoffs at Your Firm

  • Adrienne Gonzalez
  • August 7, 2024

Comment on "How are layoffs decisions really made?" via r/Big4 If it backfires so what, they were going to lay you off anyway. I really hope this advice gets sucked…

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Weekend Discussion: Let’s Talk Counteroffers

  • Adrienne Gonzalez
  • June 29, 2024

Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved…

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