Tax Law 
Perry Plan Might Not Cut Taxes Across the Board, Tax Policy Center Finds – Wall Street Journal
If Bush-era tax rates expired and Mr. Perry’s flat-tax alternative became law, the resulting tax increases would be heaviest among moderate-income groups. But they would be felt to a significant degree by households at many income levels …
Report: Cain may have broken tax, election laws – Raw Story
Even though most media attention was on the sexual harassment allegations against Herman Cain, his campaign realized Monday that he may face a problem much bigger than misconduct. According to a report from the Wisconsin Journal-Sentinel, the …
State firm’s cash to Herman Cain may breach federal campaign, tax laws – Milwaukee Journal Sentinel
Herman Cain’s two top campaign aides ran a private Wisconsin-based corporation that helped the GOP presidential candidate get his fledgling campaign off the ground by originally footing the bill for tens of thousands of dollars in expenses for such items … Continue reading
Tax-exempt Halloween costumes leaves New Jersey missing out on much-needed funds – Atlantic City Press
For the past six years, adults looking to buy a Halloween costume in New Jersey have avoided a 7 percent sales tax because of a law that took effect in October 2005 classifying the outfits as “clothing,” which is tax-exempt. … Continue reading
Tax Law update, Part 1 of 3: Home Office Deductions (Do’s and Don’ts) – Patch
Guest Blogger, Sal Curcuru, CPA and Partner in Cucuru & Associates, shares his expertise in this 3 part Tax Law Update. In Part 1 below, he explains the do’s and don’t’s of home office deductions. Stay tuned in the following weeks … Continue reading
A Flat Tax Would Be Fine, A Consumption Tax True Perfection – Forbes
… it would make tax preparation a snap such that a lot of fecund minds whose employment is a function of byzantine tax laws would be released into more productive lines of work; the U.S. economy a certain beneficiary of … Continue reading
VIDEO: Weslaco school board tied to tax attorneys – McAllen Monitor
WESLACO – The school board’s messy personal and professional connections to the county’s top two delinquent tax collection law firms have drawn trustees into a spat over potential conflicts of interest. A split board hastily voted 4-2 last week to … Continue reading
Is Your Occupy Wall Street Donation Tax Deductible? Does It matter? – ABC News
But according to tax law, only contributions to organizations that qualify as charities are allowable tax deductions. Charities must serve the general public interest, and there are nine types under the federal tax code. According to the official language …
Tax Law Changes Highlight Need for Estate Planning – PR-USA.net
Late last year, Congress made some major changes to U.S. tax law. Most notably, it raised the estate tax exemption to $5 million starting in 2011. Prior to the change, the limit had gradually risen from $1 million in 2002 … Continue reading
Illinois Senate Executive Committee advances tax break measure for Chicago’s financial exchanges – Chicago Tribune
“He’s looking at options to lower the loss of revenue by closing corporate loopholes in other parts of the tax law,” spokeswoman Brooke Anderson said. The legislation, sponsored by Senate President John Cullerton, D-Chicago, is expected to come …
