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Category: Blog

Summer Reading for Tax Geeks

Memorial Day has come and gone, and while summer doesn’t officially unlock the door and open for business until June 21, who’s waiting? Craft beer fans are swapping out those dark malts that taste like tree bark, and stocking up on summer brews with hints of lemon, lime, and cherry. Sports fans are turning their eyes towards baseball’s upcoming All-Star game. (Yeah, hockey and basketball are still going on — but aren’t those supposed to be winter sports?) And...

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Tax-Free Smarts

Graduation season is here, and grads of all ages are excited to move on! Kindergartners are celebrating mastery of letters, shapes, and not eating crayons. Awkward eighth-graders just want to finish getting through puberty. High-schoolers are looking forward to careers, college, and moving out of their parents’ nests. College grads are looking forward to crushing student debt and moving back in to those nests. And some panicky grad students (you know who you are), are searching...

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May the 21st Be With You

A long time ago in a galaxy far, far away (okay, on May 21, 1980), The Empire Strikes Backintroduced the world to Yoda, the oldest, most-powerful, and most syntactically-challenged Jedi knight in the universe. Yoda delighted audiences as he trained Luke Skywalker, launched him into battle against Darth Vader, and died peacefully at age 900, his body becoming one with the Force. Today, his fans remember Yoda by celebrating May 21 as National Talk Like Yoda Day. And celebrating we are this...

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Oh, Baby!

On May 6, England’s Prince Harry and his wife Meghan introduced the world to a baby with the delightfully British name of Archie Harrison Mountbatten-Windsor. The new royal is now seventh in line for the throne, which means he won’t have to spend his life faking fascination with mundane royal duties like touring factories or christening ships. The poor kid doesn’t even have a title, at least not yet. You’d think he would at least be Laird of some Scottish fishing...

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Law and Order: Tax Crimes Unit

In the criminal justice system, tax-based offenses aren’t considered especially heinous . . . but they still cost the government a ton of money. In field offices throughout the country, the dedicated Special Agents who investigate these expensive felonies are members of an elite squad known as IRS Criminal Investigation. (They’re also the only IRS agents who get to pack heat, rock a Kevlar vest, and go undercover.) From the FY 2018 CI Annual Report, these are their stories. (Dun...

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Superheroes of Tax

Last weekend, Hollywood made history. Disney’s three-hour popcorn epic, Avengers: Endgamesent box-office records scrambling in panic, grossing $350 million here in the U.S. And $330 million in China. And $600 million more in another 43 countries. It’s the first movie to top a billion dollars in its opening weekend. Endgame still has a long way to go before it catches Gone With the Wind, which made $3.4 billion in inflation-adjusted dollars. But did Scarlett...

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Pied-a-terrible

When it comes to raising revenue, governments usually find it most efficient to follow the immortal advice of bank robber Willie Sutton and go “where the money is.” They turn to income, payroll, property, and sales taxes to fund most of their operations. They’ll throw in the occasional gas tax or sin tax for fun. Most of the time, those “nuisance taxes” don’t amount to much. But that’s not always the case. In 1989, New York state imposed...

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A Song of Fire and Taxes

Sunday night, millions of Game of Thrones fans who waited breathlessly for 20 months finally got rewarded with their next installment what’s become the biggest TV show on the planet. Cersei discovered (redacted). Jon Snow learned that …. (sorry, no spoilers here). And that guy with the eye patch and flaming sword probably does great on Tinder. (Seriously, what fair maiden wouldn’t swipe right on him?) Last week, we speculated about how taxes work in Game...

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Game of Taxes

On April 14, millions of fans will gather around the biggest screen they can find for the start of one final season in Westeros, the setting of George R.R. Martin’s epic Game of Thrones. The show, which producers pitched as “The Sopranos in Middle Earth,” has leaped from television into the broader culture. In 2013, 241 babies were named “Khaleesi” after the title Danaerys Targaryen takes by marrying the Khal Drogo. UC Berkeley offers a class in “invented...

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Nobody’sPerfect

Nobody really likes to pay taxes. It’s no surprise, then, that so many people work so hard to avoid them. As humorist Fran Lebowitz once said, “a dog who thinks he is man’s best friend is a dog who has obviously never met a tax lawyer.” Truly proactive tax professionals like us understand that you don’t just want to know how much you owe. You want us to use the ins and outs of the tax code to help you pay less. And so this week’s episode of Beat...

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