6 posts categorized "Ann Marie Maloney" Feed

Happy St. Patrick’s Day – The Luck of the Beer Tax Continues

LeprechaunIt should surprise no one that the amount of Guinness consumed worldwide on St. Patrick’s Day more than doubles, to approximately 13 million pints. Celebrations are held far and wide from Australia to Russia to the International Space Station, where astronauts like Catherine Coleman play Irish music in space.

As a Maloney and a Fitzpatrick, I love the idea of a global Irish celebration - makes the world feel a wee bit friendlier (even if the saint being honored is technically Scottish).

The U.S. accounts for much of the increase in St. Patrick’s Day Guinness consumption. But while the enthusiasm may be spread out across the  country, the excise tax on beer collected by each state varies considerably.

The map created by the Tax Foundation shows an interesting pattern - a low-tax band across the middle of the country, with a few Western states collecting the least, while southern states charge the most, with Tennessee coming in first at $1.17 per gallon. The Mid-Atlantic area defies categorization – my state of Virginia is in the middle but neighboring Maryland ranks much higher.

Continue reading "Happy St. Patrick’s Day – The Luck of the Beer Tax Continues" »

Top 10 Tax Resources for the 2014 Tax Season

Top-tenCaffeine, check. Office supplies, check. Patience for lost or late documents, check. What else do you need for tax season besides, of course, sympathetic family and friends?  Knowledge and technical resources help, as does convenience in finding them – so keep these resources from the AICPA bookmarked to help you prepare returns, manage your office, advise and communicate with clients, and even keep a sense of humor.

Continue reading "Top 10 Tax Resources for the 2014 Tax Season" »

Nuts and Bolts of IRS Audits

I am at the AICPA National Tax Conference today and tomorrow in National Harbor, Md. The conference features regulators, including Acting IRS Commissioner Danny Werfel, and tax practitioners. When it comes to tax laws and legislation, we live and work in a world of constant flux: updates to the American Taxpayer Relief Act, tax jurisdictions, taxes in multi-states, flow-through entities and the new 3.8% Medicare surtax regime, to name a few. It’s a recurring cycle of predicting what’s coming up, knowing how to plan and explaining critical details to your clients.

Today I am live blogging the "Nuts and Bolts of IRS Audits" session with speaker Charles Rettig, Esq. of Hochman Salkin Rettig Toscher & Perez, PC. This session provides practical advice for real-life client issues that focus on current IRS tax enforcement priorities and procedures, practitioner representation strategies and techniques and recent developments in tax controversy and procedure. (Email subscribers can read the live blog on our website.)

Continue reading "Nuts and Bolts of IRS Audits" »

The Real Obstacle to Tax Reform? Let’s Look in the Mirror

Self-reflectionIn one of the better teen movies of the '80s, "Better Off Dead," a paperboy ruthlessly stalks the main character in an intense pursuit of what he is owed, repeating, “I want my two dollars.”  

Johnny the paperboy is not alone, as the senators who proposed a blank slate approach to tax reform found out.  And of course, taxpayers want a lot more than two dollars.   I admit, I am one of those “what’s in it for me?” taxpayers but I am slowly coming around to a different philosophy. 

Continue reading "The Real Obstacle to Tax Reform? Let’s Look in the Mirror " »

Top 12 Tax Resources (for the 2013 Tax Season)

Finding time to do anything during tax season is tough. This year, with a delayed tax season, it will be an even bigger challenge. So save a little time this year by using the resources developed by the AICPA and its volunteer committees to help members successfully navigate the tax season. If you like free, you’ll love this list of resources as most of them cost nothing. 

Continue reading "Top 12 Tax Resources (for the 2013 Tax Season)" »

Some Garlic Sauce for Your LinkedIn

Vegetarian personLima beans, broccoli, and mushrooms are among Americans’ most hated foods according to a recent survey.  I’m right there with them.  But I have found that mushrooms and broccoli are not so bad when smothered in garlic sauce or maybe topped with crabmeat. 

What does any of this have to do with social media? Many people think of social media as something they know they should do, like eating broccoli or Brussels sprouts, but it’s still difficult to swallow.  Perhaps you started a profile and joined a couple of groups at some point but you haven’t been active in months. Or years.  

Just like eating vegetables is a must to stay healthy, an online presence is a must for a healthy career, especially if you are considering changing jobs or want to expand your professional or client base.  “If you’re not on it [LinkedIn], you’re not in the game,” says Mark Lee, a tax director and author of blogs and professional journal articles about social media.

So here is my version of garlic sauce to tempt those of you who are leery of getting involved or have dropped out. 

Continue reading "Some Garlic Sauce for Your LinkedIn" »

Subscribe

Subscribe in a reader

Enter your Email:
Preview