In episode 23, I discuss:
For the Federal Tax News:
The Federal Government Automatic Spending Cuts:
IRS appeals the tax preparer registration
Federal Returns are still being processed.
For the State Tax News:
Washington State Introduces a $25 Bicycle Tax to pay for transportation projects
Massachusetts introduces click through sales tax
South Dakota passes bill to repeal their membership in the Multi-State Tax Commission
New Jersey proposes a budget without any tax ncrease
Virginia proposes the largest tax increase to pay for transportation projects.
Forbes …Has a tribute to Dr. Seus called The Tax Forms that you know…http://www.forbes.com/sites/kellyphillipserb/2013/03/02/oh-the-tax-forms-youll-know-in-the-style-of-dr-seuss/
For the International Tax News
France has decided that having a top 75% tax rate isn’t cool to keeping their tax revenues coming now the Country is discussing lowering the rate to 66%.
For the Local Tax News:
Chicago wants to raise cigarette taxes to where the price of cigarettes is $11 a pack.
On other news:
Income drops the lowest to the lowest level in 20 years according to CNN.
Detroit is on the verge of bankruptcy – State of Michigan is talking takeover according to CBS News is Detroit.
For the indeth tax discussion, I discuss Net Operating Losses for Individuals.
The link to the IRS Publication 536 on Net Operating Losses is: http://www.irs.gov/pub/irs-pdf/p536.pdf
Is Summer Camp expenses deductible is an article on “She Knows Parenting” Here’s the link to find out more information.
Have a tax question or feedback about this week’s podcast, send me an email to email@example.com.
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