Professor Elam
Accounting & Investing Info for San Antonio A & M
about
Category: Tax Burden
-
Tuesday July 29 2014 An alert TAMUSA accounting student forwarded this to me IRS cuts tax serivices to those that need it most. The IRS has cut taxpayer assistance usually requested by non English speakers or low income groups. I would add this is at the same time the IRS was insisting that attorneys and…
-
Monday July 141, 2014 Congress is considering forcing small business to use accrual accounting. As the witnesses testify, this is a terrible idea. And as the lead witness says, most taxpayers ccould not tell you the difference anyway. This would greatly increase the cost of doing business, and who would know whether the taxpayer got it…
-
Monday June 2 2014 Don Sterling may have a $662 M tax bill. He bought the Clippers in 1981 for a mere $12.5 million. Now Steve Ballmer of MSFT fame is buying for $2 Billion. Now there is a Warren Buffet type investment for you. Take a look at this article for what a really…
-
Wed May 21, 2014 Credit Suisse admits to aiding US citizens in evading taxes. CS agrees to pay a $2.5 B fine. Recall hat Toyota is moving from high tax California, to Plano, TX. When will law makers get the message. Taxes are so high that no one wants to pay. The solution is to lower…
-
Tuesday April 29, 2014 Cable tv and talk radio are chock a block full of ads claiming miracle tax solutions. Tax hucksters claim that Client X owed six figures to the IRS but we got them a settlement for oh say $4,295. Is this possible? This article explains the Offer in Compromise procedure. As the…
-
Weekend April 19, 2014 Tax Professionals report varyihg results in this survey. I would agree that the implementation of so many rules and increasingly negative penalties for alleged penalties makes the tax field a loser in my opinion. This is fine for the large firms that charge whatever the market will bear, but as you can…
-
Weekend April 13, 2014 Social Mood We have been writing for some time about a downturn in social mood. That downturn is now on display world wide. From massive demonstrations in Caracas, Venezuela to protests in Cuba to the unrest across North Africa to the refugee campus in Lebanon and Jordan to the take over…
-
Tuesday April 1 2014 CAT negotiated a 4% tax deal with Switzerland. Who would not do that rather than face the highest corporate taxes in the world. As CAT Finance Chief points out, CAT is already paying 29% of its profit in tax. Yet Carl Levin complains CAT is not paying its fair share. Congress…
-
Tuesday March 11 2014 More Americans are renouncing their citizen ship, or thinking about it. Here are stories of five fairly ordinary people who are in that category. The reason, the long reach of the IRS. If you do on tlive in the US, why reveal everything about yourself and your foreign born partner to the…
-
New Year's Day Jan 1, 2014 55 Tax Breaks expire today. How is a small business supposed to plan? This is no way to run the railroad. Please read about the grab bag of special interest tax perks that are going and coming. We have such a complicated tax system because it allows Congress to…
Professor Elam 