Is the Government Using Jail to Scare Taxpayers?

tax prison timeOne of the realities of our tax system is that reporting is largely voluntary. You are required by law to pay taxes, but, for the most part, the system relies on the fact that you are honest in your reporting. You voluntary report your income, and […]

February 18th, 2014|Tax Opinion|0 Comments

Should Severance Pay Be Subject to FICA Taxes?

severance pay and taxesRight now, there is a debate raging over whether or not severance pay should be subject to FICA taxes. It’s a tough call because it all depends on whether or not severance pay is considered wages, and whether or not the pay is for […]

October 9th, 2013|Tax Opinion|0 Comments

Legal vs. Right: Is It Right to Avoid Paying Taxes When You Can?

tax evasion fair or notOne of the debates that rages around taxes is whether it’s right for some people to do their best to avoid paying taxes if they can. Just because it’s legal to avoid paying taxes in some cases doesn’t mean that it is right.

The Wealthy […]

September 27th, 2013|Tax Opinion|1 Comment

Mortgage Interest Tax Deduction: Who Benefits the Most?

mortgage deduction who benefitsOne of the more popular tax deductions available is the mortgage interest tax deduction. With this tax deduction, you can reduce your income with the help of the interest that you pay on your mortgage — as long as you itemize.

The problem some people see, though, is the fact that […]

July 27th, 2013|Tax Opinion|0 Comments

Want Tax Reform? Email Your Suggestion to the House by April 15

house of reps tax reform commentsDuring tax season, many of us complain about the current system. Now, you have the chance to do more than just tell your friends and family how frustrated you are. Congress is tackling tax reform, and asking for your suggestions.

The House Invites Public Comment on Tax […]