Is My Fresno County CSA 51/283 Tax Assessment Deductible as a Property Tax? (Part I)
Most everyone knows that regular annual property taxes are deductible for federal income tax purposes (ignoring AMT issues). However, what is often confusing to homeowners and tax preparers is the deductibility [...]
The Tax Consequences of Superman’s Diamonds
Chances are, you have often pondered the tax implications of Superman using his super human strength to turn coal into diamonds--which he has done on several occasions. From the Tax [...]
Furlough Fridays: Coming Back to Haunt Taxpayers
Many remember when in 2009 Governor Schwarzenegger announced that state workers would not come into work on one Friday a month in an effort to cure short-term budget ills. From [...]
A Depressing Look at the CA Sec. of State’s Office: why it takes CA 43 days to do what TX does in 5
I've always wondered why it takes week for the CA Sec. of State's Office to process business filings. Often these delays prevent business owners from getting licenses and opening bank [...]
Explaining the Debt Limit: How an Absurd Video Makes the Debit Limit Debate Understandable
This video is a must see and pretty much explains itself: https://www.youtube.com/watch?v=Li0no7O9zmE
California Fire Prevention Fees Are Not Tax Deductible Says IRS
California has begun mailing bills to rural property owners for fire prevention. If you own habitable property the CalFire's jurisdiction, you will eventually receive two bills this year--one for the [...]