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- March 19th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
April 2010 Applicable Federal Rates
IRS: Revenue Ruling 2010-11 Includes the applicable federal rates, adjusted applicable federal rates, adjusted federal long-term rate, and adjusted federal long-term tax-exempt rate. IRS: Index of Applicab…
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rcrats has posted a new entry on: Miscellaneous Provisions
2010 Hiring Incentives to Restore Employment Act - Final CCH Summary
Click below for CCH's summary of the 2010 Hiring Incentives to Restore Employment Act. Of note is the new forgiveness of payroll taxes for the hiring of certain unemployed individuals, extension of the Se…
- March 16th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
States to Hold on to Refunds?
You really can't make this stuff up. From USA Today: States May Hold onto Tax Refunds for Months. The best antidote for those in States delaying refunds is to make sure your wit…
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rcrats has posted a new entry on: Miscellaneous Provisions
More Bad News for Washington State Banks
P>Recently in the news: Frontier Bank - "Critically undercapitalized," which means it must be placed into conservatorship or receivorship within 90 days. Not to mention some ugly financial resta…
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rcrats has posted a new entry on: Miscellaneous Provisions
A Caveat on Bond Indexing from Randall Forsyth
Another interesting piece by Randall Forsyth in the Up and Down Wall Street Column today discussing the problems of bond index investing. Seventy percent of the iShares Barclays Aggregate Bond Index is made…
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rcrats has posted a new entry on: Miscellaneous Provisions
Hussman on Mortgage Reset Schedule
Hussman commentary on the upcoming mortgage reset schedule with an updated chart from Credit Suisse.
- March 4th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
DOJ Probing Hedge Fund Dinner Party
Interesting piece by Randall Forsyth quoting Joan McCullough of East Shore Partners. Her commentary focused on the DOJ looking into a gathering of hedge fund managers discussing the market, in particular shor…
- February 23rd, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
CCH Summary of Hiring Incentives to Restore Employment Act (HIRE)
Summary of the tax provisions in the Senate jobs bill. CCH Briefing: Hiring incentives to Restore Employment Act
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rcrats has posted a new entry on: Miscellaneous Provisions
CCH Summary of Hiring Incentives to Restore Employment Act (HIRE)
Summary of the tax provisions in the Senate jobs bill. CCH Briefing: Hiring incentives to Restore Employment Act
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rcrats has posted a new entry on: Miscellaneous Provisions
Prepaid Tuition Plans Have Varying Levels of Guarantees
The WSJ published an interesting article over the weekend showing how states differ in their backing of prepaid tuition plans. Washington State's plan is one of five states backed by by the full faith an…
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rcrats has posted a new entry on: Miscellaneous Provisions
Prepaid Tuition Plans Have Varying Levels of Guarantees
The WSJ published an interesting article over the weekend showing how states differ in their backing of prepaid tuition plans. Washington State's plan is one of five states backed by by the full faith an…
- February 19th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
March 2010 Applicable Federal Rates
IRS: Revenue Ruling 2010-8 Includes the applicable federal rates, adjusted applicable federal rates, adjusted federal long-term rate, and adjusted federal long-term tax-exempt rate. IRS: Index of Applicable F…
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rcrats has posted a new entry on: Miscellaneous Provisions
March 2010 Applicable Federal Rates
IRS: Revenue Ruling 2010-8 Includes the applicable federal rates, adjusted applicable federal rates, adjusted federal long-term rate, and adjusted federal long-term tax-exempt rate. IRS: Index of Applicable F…
- February 18th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
Puget Sound Business Journal on Gregoire\'s Tax Package
Puget Sound Business Journal: Retailers bemoan impact of Gregoire’s tax package
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rcrats has posted a new entry on: Miscellaneous Provisions
Puget Sound Business Journal on Gregoire\'s Tax Package
Puget Sound Business Journal: Retailers bemoan impact of Gregoire’s tax package
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rcrats has posted a new entry on: Miscellaneous Provisions
Rachel Benepe and Abhay Deshpande of First Eagle Funds on Investing in Gold
First Eagle Funds: Investing in Gold
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rcrats has posted a new entry on: Miscellaneous Provisions
Rachel Benepe and Abhay Deshpande of First Eagle Funds on Investing in Gold
First Eagle Funds: Investing in Gold
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rcrats has posted a new entry on: Miscellaneous Provisions
Grant Thornton Webcast on the 2011 Budget Tax Proposals
The webcast begins Tuesday, Februrary 23rd at 3:00 (Eastern) and lasts 1.5 hours. CPE credit is available. Register via the link below: Grant Thornton: Part 1: What Tax Proposals are in the 2011 Budget?
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rcrats has posted a new entry on: Miscellaneous Provisions
Grant Thornton Webcast on the 2011 Budget Tax Proposals
The webcast begins Tuesday, Februrary 23rd at 3:00 (Eastern) and lasts 1.5 hours. CPE credit is available. Register via the link below: Grant Thornton: Part 1: What Tax Proposals are in the 2011 Budget?
- February 8th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
"Growth in a Time of Debt" by Reinhart and Rogoff - Draft
Recent paper by Rogoff and Reinhart noting three findings: 1) When government debt exceeds 90% of GDP, median growth rates fall by one percent. 2) Emerging markets face lower thresholds for external debt. W…
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rcrats has posted a new entry on: Miscellaneous Provisions
"Growth in a Time of Debt" by Reinhart and Rogoff - Draft
Recent paper by Rogoff and Reinhart noting three findings: 1) When government debt exceeds 90% of GDP, median growth rates fall by one percent. 2) Emerging markets face lower thresholds for external debt. W…
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rcrats has posted a new entry on: Miscellaneous Provisions
Carmen Reinhart on Soverign Debt and Outlook for US
Wall Street Journal: Q&A: Carmen Reinhart on Greece, U.S. Debt and Other ‘Scary Scenarios’
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rcrats has posted a new entry on: Miscellaneous Provisions
Carmen Reinhart on Soverign Debt and Outlook for US
Wall Street Journal: Q&A: Carmen Reinhart on Greece, U.S. Debt and Other ‘Scary Scenarios’
- February 7th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
Where the Top Two Marginal Tax Rates May be Going
Based upon Obama's 2011 Budget, the top two marginal tax rates for individuals will be heading to 36% and 39.6% for 2011. The 36% rate would start at taxable income of $231,300 for married filers filing…
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rcrats has posted a new entry on: Miscellaneous Provisions
Where the Top Two Marginal Tax Rates May be Going
Based upon Obama's 2011 Budget, the top two marginal tax rates for individuals will be heading to 36% and 39.6% for 2011. The 36% rate would start at taxable income of $231,300 for married filers filing…
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rcrats has posted a new entry on: Miscellaneous Provisions
Tax Court Case on Medical Deduction for Sex Change Operation
The Tax Court allowed, as a medical deduction under Code Section 213, expenses related to sex reassignment surgery and related hormone therapy. Breast augmentation expenses were denied as cosmetic in nature.…
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rcrats has posted a new entry on: Miscellaneous Provisions
Tax Court Case on Medical Deduction for Sex Change Operation
The Tax Court allowed, as a medical deduction under Code Section 213, expenses related to sex reassignment surgery and related hormone therapy. Breast augmentation expenses were denied as cosmetic in nature.…
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rcrats has posted a new entry on: Miscellaneous Provisions
CCH Summary of Obama\'s 2011 Budget Tax Proposals
CCH: Tax Briefing Examines Obama’s 2011 Budget Proposals GPO Access: Budget of the United States Government: Browse Fiscal Year 2011
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rcrats has posted a new entry on: Miscellaneous Provisions
CCH Summary of Obama\'s 2011 Budget Tax Proposals
CCH: Tax Briefing Examines Obama’s 2011 Budget Proposals GPO Access: Budget of the United States Government: Browse Fiscal Year 2011
- January 31st, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
Washington Employers Earn $35 Million from Work Opportunity Tax Credit
The Washington State Employment Security Department released data regarding the amount of Work Opportunity Tax Credit earned by Washington State companies. Also provides overview of the credit. It did not…
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rcrats has posted a new entry on: Miscellaneous Provisions
IRS Wants to Require Certain Businesses to Report Uncertain Tax Positions
The IRS released Announcement 2010-09 explaining the potential content of a schedule to report uncertain tax positions. The announcement invites public comment by March 29, 2010. The IRS intends to make t…
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rcrats has posted a new entry on: Miscellaneous Provisions
Section 469 Grouping and Regrouping of Passive Activities
From the IRS comes additional guidance for reporting groupings or regroupings of activities for purposes of the Section 469 passive activity loss rules. The Rev Proc is effective January 25, 2010. From the IR…
- January 29th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
Washington State Banks with FDIC Enforcement Actions
Due to the nature of this financial crisis, it's important to keep tabs on the health of the banking sector. The following denotes the banks in Washington State operating under a cease and desist order o…
- January 28th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
Oregon Passes General Tax Hike Aimed at Wealthy and Corporations
Further reading: Economist: The Pendulum Swings Back Wall Street Journal: Oregon Passes Tax Boost on Wealthy, Corporations The Columbian: Ore. Tax Measures Generate Optimism
- January 25th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
The Deductibility of Expenses When Renting a Second Residence
The CPA Journal provides a review of IRC section 280A, which covers the deductibility of expenses for the rental of a residential property. The provision disallows certain deductions based on the mix of pers…
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rcrats has posted a new entry on: Miscellaneous Provisions
Oxford-Style Debate on "Financial Innovation Boosts Economic Growth"
Richard Bookstaber and Jeremy Grantham debate Myron Scholes and Robert Reynolds on the topic "Financial Innovation Boosts Economic Growth."
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rcrats has posted a new entry on: Miscellaneous Provisions
Credit Suisse Monthly Mortgage Rate Reset Schedule (2007-2015)
The peak of the option adjustable and Alt-A loans resets will hit in 2010 according to this schedule that has been floating around for awhile. Fresh credit losses may appear this year and additional pressure…
- January 24th, 2010
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rcrats has posted a new entry on: Miscellaneous Provisions
Horizons 2010 Annual Economic Forecast - Pierce County Recovery in Mid 2010
Professors Bruce Mann and Douglass Goodman's presentation "Horizons 2010" discussing the economic outlook for Pierce County. Further reading: Puget Sound Business Journal: Pierce County’s r…
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rcrats has posted a new entry on: Miscellaneous Provisions
Washington State Workers\' Comp and Unemployment Insurance Debate
Workers' Compensation Olympia Business Watch: Workers' comp reform debate heats up in media The Washington Ledge: Another Reason Workers' Comp Won't Get a Hearing in the House The Washingto…
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rcrats has posted a new entry on: Miscellaneous Provisions
Required Minimum Distribution (RMD) and ROTH IRA Conversion
Fairmark provides a nice article covering the issue of taking a required minimum distribution in the year of a ROTH IRA conversion. This affects those 70.5 years and older who are making a ROTH IRA conversion…
