The Tax and Revenue Committee of the California Assembly will soon hear AB 927 authored by Assemblyman Al Muratsuchi. The measure allows various tax credits against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law: This bill would, under both laws, for taxable years beginning on or after January…
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The U.S. tax code places a “significant, even unconscionable burden” on taxpayers and needs to be completely overhauled. That is the view of Nina E. Olson, national taxpayer advocate with the Internal Revenue Service, as she explained to Congress on January 9. The code is so complicated, that individuals and business have to spend…
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For a Fourth of July challenge, how many pages does it take for the CCH Standard Federal Tax Reporter to fully document the U.S. tax code as it stands in 2011? If you answered 72,536, you’re right. Note that we didn’t say “you win”!… If you’d like to get a jump on next year,…
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