A tax bee?
How do you think a quiz show of tax preparers — a “tax bee” — would go over? Mary O’keeffe floated the idea, and Kay Bell is moving the ball. My guess is that the ratings would be somewhere between the...
View ArticleShould taxpayers get paid for being audited?
Mary O’Keeffe thinks maybe so; Peter Pappas thinks not. It probably is unwise to compensate for normal audits. They’re a cost of doing business. If the IRS audits you twice in a short period with no...
View ArticleTurbotax tweaks for Timmy
As a service for future Treasury Secretaries, Turbotax has updated its data entry screens. Mary O’Keeffe, proprietor of the Bed Buffaloes tax blog, provides screen shots. Turbotax then: Turbotax now:...
View ArticleNew York Buffaloes Bed Buffaloes
New York goes after a tax blogger’s dependent deduction. Bureaucracy ensues.
View ArticleFleeing Jersey
The Wall Street Journal looks at a study implying that New Jersey’s high tax rates drive away high-income taxpayers. Mary O’Keeffe draws the logical conclusion: Many of the wealthy have lots of options...
View ArticleScenes from a regulated restaurant.
Mary O’Keeffe demurs on my conclusions about the unwisdom of further tax preparer regulations: We regulate restaurants for health code reasons, and perhaps that regulation causes restaurants to have...
View ArticleThe art of tax-free living
From the New York Times In addition to her $877,000 compensation package, Ellen V. Futter, president of the American Museum of Natural History, lives rent free in a $5 million East Side apartment that...
View ArticleNo H&R Block refund anticipation loans this season
Kansas City-based tax prep giant H&R Block finds itself without one of its profitable businesses just as tax season is about to start. From their press release: As a result of a regulatory...
View ArticleWell, you can’t have a wallet amputation without anesthesia
A liquor store that offers tax preparation. I understand the synergy there.
View ArticleThe President and the Teacher, revisited
FactCheck.org and the Tax Policy Blog say that the President was wrong to say that he pays a lower tax rate than a schoolteacher, as I noted approvingly last week. Tax blogger Mary O’Keeffe says I...
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