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A federal judge has dismissed a pair of lawsuits against the Internal Revenue Service by over 40 conservative groups over the IRS’s handling of their applications for tax-exempt status, according to Michael Cohn in Accounting Today.
Judge Reggie Walton of the U.S. District...

According to Motley Fool, Clients can avoid paying taxes on long-term capital gains on an asset by either not selling at all or holding onto the property a little longer. You can lower your tax bill by holding the asset for at least 12 months to trigger long-term capital gains rates and not short-term capital gains rates, which are higher. Read the article to know how long-term capital gain taxes will be calculated this year on state and federal levels.
Or if you don't feel like reading something, just call Neikirk, Mahoney & Smith PLLC at 502-896-...

In an absolutely hilarious article by Michele Kirk in BizPac Review, conservative activist Jason Mattera recently found himself in a position that a lot of conservative Americans with they could be in as he happened along Lois Lerner walking her dogs.

Unlike a lot of us, though, Mattera had the nerve to say things to Lerner that a lot of us can only fantasize about.

"Mattera brutally pummeled the shamed former IRS director with requests for an apology to conservatives for using the government as a weapon to target them. He taunted her by saying things like “How does it feel to be targeted? You don’t like it do you...

"Tax Tactics Threaten Public Funds" says New York Times' Eduardo Porter.

"When the European Commission charged this week that Ireland’s sweetheart tax treatment of Apple amounted to an illegal corporate subsidy, the company said that it had done nothing wrong. Apple executives might have added that whatever they did, they were not alone.

"Corporate tax strategies intended to minimize global taxes, by hook or by crook, are by now standard practice. Google and Facebook move money through Ireland to lower their taxes. Starbucks uses the Netherlands, a practice that is under review by Europe as well."

Here's the rest of the article - definitely worth your time - ...

Once again, the United States is flexing its military muscle in the Middle East. With Tomahawk Missiles flying and our unveiling to the world of the amazing F-22 fighter plane, one can't help consider the impact all this might have on domestic markets, i.e. your stock portfolio.

Interestingly, it isn't likely to have much effect at all, according to most pundits, and if it does have an effect, it will likely benefit your portfolio of domestic securities. And the professionals at Neikirk, Mahoney & Smith CPAs want you to get the best advice possible.

According to Mark Arbruster in Inside Investing, "With the stock market...

Mark Suster is a successful entrepreneur turned venture capitalist. He joined Upfront Ventures in 2007 as a General Partner after selling his company to Salesforce.com. This is a really good read for anyone considering opening a new business.
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WASHINGTON — The Internal Revenue Service today announced that the summer 2014 issue of the Statistics of Income Bulletin is available at IRS.gov. 


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WASHINGTON — The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS.
These callers may demand money or may say you have a refund due and try to trick you into sharing private information...

Today's Hot Accounting Topics - Inversions (cont.)
Our friends at Accounting Today have posted three related stories dealing with Obama's and congressional liberals' vendetta against accepted and legal businesses they don't like. Rather than paraphrase them, check them out yourself and draw your own conclusions.
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The president is blaming CPAs for the trend towards corporate tax inversions.

That's is his opinion, I suppose, but in reality it's a technique accountants and accounting firms employ in their efforts to help American companies remain profitable as our tax burden continues to rise at a time when the economy might not have itself back on a sufficiently firm foundation to support continued growth after the worst recession/depression since the 1920s.

So what, exactly, is a corporate tax inversion?

If you don't know, you aren't alone. But suffice it to say that its one of the issues that gets the hackles up of those...

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