http://www.taxabletalk.com/ Taxable Talk looks at taxes (and the politics behind taxes) from the view of a Southern California tax preparer. en-us 2008-10-06T19:10+00:00 http://www.taxabletalk.com/posts/1223262132.shtml This is the first of a three part series looking at what taxes might be under our new President. This series starts by looking at what might happen under a President... Russ 2008-10-06T03:10+00:00 http://www.taxabletalk.com/posts/1223075396.shtml The bailout bill passed Congress today and was signed into law by President Bush this afternoon. I'm of mixed opinion on the bailout portion of the bill. But I'm thrilled... Russ 2008-10-03T23:10+00:00 http://www.taxabletalk.com/posts/1221744665.shtml Joe Kristan has an excellent post noting what some of the root causes of the financial mess are. He quotes and links from the Tax Policy Blog; bluntly, a lot... Russ 2008-09-18T13:09+00:00 http://www.taxabletalk.com/posts/1221017681.shtml With a very competitive election race between Democrat Barack Obama and Republican John McCain, the innuendo, charges, and rhetoric have flown back and forth. Senators McCain and Obama hold different views... Russ 2008-09-10T03:09+00:00 http://www.taxabletalk.com/posts/1220318194.shtml The IRS announced last week that they would suspend collection of the Alternative Minimum Tax (AMT) on incentive stock options (ISOs) through September 30th. Senator Charles Grassley (R-IA) believes... Russ 2008-09-02T01:09+00:00 http://www.taxabletalk.com/posts/1217903623.shtml While I was away on vacation Congress passed a Housing Bill. There are a number of tax impacts of the legislation:... Russ 2008-08-05T02:08+00:00 http://www.taxabletalk.com/posts/1214787079.shtml Last week the House of Representatives passed an AMT patch for 2008. That patch contained offsets (tax increases) which doom it in the Senate. Further, President Bush promises a veto... Russ 2008-06-30T00:06+00:00 http://www.taxabletalk.com/posts/1198791240.shtml The IRS announced today that most taxpayers will be able to file their tax returns normally. However, about 3 to 4 million taxpayers who use just a few forms will... Russ 2007-12-27T21:12+00:00 http://www.taxabletalk.com/posts/1198112264.shtml In the no surprise department, the House passed the AMT patch bill that did not contain any offsets. It now goes to President Bush who will likely sign it tomorrow... Russ 2007-12-20T00:12+00:00 http://www.taxabletalk.com/posts/1198077281.shtml News reports state that the House will consider an AMT patch bill that has already passed the Senate. The Senate version of the AMT bill does not contain any tax... Russ 2007-12-19T15:12+00:00 http://www.taxabletalk.com/posts/1197923222.shtml When NBC's Saturday Night Live looks saner than California's legislature, there's a problem.... Russ 2007-12-17T20:12+00:00 http://www.taxabletalk.com/posts/1196997120.shtml Late today the Senate passed a one-year Alternative Minimum Tax (AMT) patch that did not have any corresponding tax increases. The measure will now go to the House where it... Russ 2007-12-07T03:12+00:00 http://www.taxabletalk.com/posts/1196653528.shtml What does the IRS have to do with health care? Very little today. However, if one presidential candidate gets his wish, the IRS will be intimately involved in health care.... Russ 2007-12-03T03:12+00:00 http://www.taxabletalk.com/posts/1196217741.shtml This afternoon I spoke to the Exchange Club of Irvine regarding tax law changes in 2007. One issue that came up that I couldn't give a complete answer to was the... Russ 2007-11-28T02:11+00:00 http://www.taxabletalk.com/posts/1196047788.shtml I've been asked if I am a supporter of the "Fair Tax." The Fair Tax is an idea of scrapping the current U.S. Tax Code and replacing it with a national... Russ 2007-11-26T03:11+00:00