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Your Tax Teacher Podcast6In Episode 54, I discuss:

North Carolina will begin requiring Universities to collect sales tax on cafeteria food sales.

Congress is once again discussing the Christmas tree tax.  The Christmas Tree Tax is .15 per live tree.  It was originally proposed in 2010.  The tax will be used to promote live Christmas trees over artificial trees.

The House has indicate that they will not work between now and the end-of-year  to extend the tax provisions expiring on December 31, 2013.  This includes Sales Tax Itemized Deduction, IRA Charitable Contribution, Mortgage Insurance Premium Deduction, Bonus Depreciation, exclusion of cancellation of debt on primary residence. Teacher’s classroom expense deduction, transit benefits, and contribution of property for conservation.

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