Fun humor for the holidays:)
♦ What do cannibal tax accountants do at their Office Christmas Dinner?
Toast their clients.
♦ What is Father Christmas’s tax status?
Elf-employed.
♦ How does Santa’s tax accountant value his sleigh?
Net PRESENT Value.
♦ What’s the biggest overhead in Santa’s accounts?
Private ELF Insurance.
TaxConnections Tax Blogs has be ranked as one of the top 100 tax blogs in the world. Feedspot gathered he list using search and social metrics. We have been blessed by all those who have decided to write content for us in the past. At TaxConnections, it is our goal to distribute current news and updated information to our members worldwide.
During 2015 readers of TaxConnections Worldwide Tax Blogs arrived from more than 200 countries and spent an average of 12:45 during each visit. These are mighty numbers and they are due to the tax experts who joined our community and submitted their tax expertise and blog posts throughout the year.
We would like to congratulate our top tax blog contributors and link you to the top posts this year. We are grateful for the journey we made with you throughout the year and look forward to enjoying a successful 2016 with you.
Check out the top 20 Tax Blogs in 2015!
Story of A Good Citizen Who Reports Foreign Bank Accounts But Forgets FBARs! Huh? – Manasa Nadig
How To Live Outside The United States In An FBAR And FATCA World – John Richardson
Read This Before Tossing Old Tax Records – Barry Fowler
A little humor with some tax jokes on TaxConnections Tax Blogs.
♦ A tax attorney defended a case of tax evasion for an affluent client. He devoted over a year to the case, familiarizing himself with every loophole and angle of current legislation, and made a brilliant argument before the court. His client was called out of town when the jury returned with its verdict, a sweeping victory for his client on every count. Flushed with victory, the lawyer exuberantly sent an email to his client, “Justice has triumphed!” The client immediately emailed back, “Appeal at once!”
♦ “Ignore them and they’ll go away” is great advice for some of life’s annoyances. Unfortunately, it doesn’t apply to taxes. – Martha C. White
♦ I’ll tell you some tax jokes because I think you’d depreciate them! Read More
A little humor with some tax jokes on TaxConnections Tax Blogs.
♦ The best things in life are free – plus tax, of course.
♦ A lot of people still have the first dollar they ever made – Uncle Sam has all the others.
♦ “When it comes to taxes, there are two types of people. There are those that get it done early, also known as psychopaths, and then the rest of us.” –Jimmy Kimmel
♦ An estate & trust lawyer was reading the will of a rich man to the people mentioned in the will: “To you, my loving wife Rose, who stood by me in rough times, as well as good, I leave the house and two million dollars.” The lawyer continued, “To my daughter Jessica, Read More
A little humor with some tax jokes on TaxConnections Tax Blogs.
♦ A man was driving along the road when all of a sudden he has to swerve to avoid a box falling off the truck in front of him. Seconds later a policeman pulled him over for reckless driving. As the policeman starting writing the ticket he noticed the box was full of nails and tacks.
“I had to swerve or I would have run over those and blown my tires!” protested the driver.
“Ok”, replied the officer, ripping up the ticket, “but I’m still bringing you in.”
“What for?!” retorted the man.
“Tacks evasion”, answered the policeman. Read More
A little tax humor with some tax jokes on TaxConnections Tax Blogs.
♦ Q: Who invented copper wire?
A: Two tax attorneys fighting over a penny.
♦ “65% of people say that cheating on your income tax is worse than cheating on your spouse. The other 35% were women.” (Jay Leno)
♦ A certain tax lawyer was quite wealthy and had a summer house in the country, to which he retreated for several weeks of the year. Each summer, the lawyer would invite a different friend of his to spend a week or two up at this place, which happened to be in a backwoods section of Maine. On one particular occasion, he invited a Czech friend to stay Read More
♦ “Yesterday the IRS announced that obese Americans are entitled to certain tax breaks. Apparently, under the new rules, you’re allowed to claim two or more chins as dependents.” —Conan O’Brien
♦ There was a time when you saved up for your old age; now you save up for April 15th.
♦ A taxpayer received a strongly worded “second notice” that his taxes were overdue. Hastening to the collector’s office, he paid his bill, saying apologetically that he had overlooked the first notice.”Oh,” confided the collector with a smile, “we don’t send out first notices. We have found that the second notices are more effective.”
♦ The client went to the tax preparer and said, I filed my taxes electronically to speed Read More
If you gave money or property to someone as a gift, you may wonder about the federal gift tax. Many gifts are not subject to the gift tax.
Here are seven tax tips about gifts and the gift tax.
1. Nontaxable Gifts. The general rule is that any gift is a taxable gift. However, there are exceptions to this rule. The following are not taxable gifts:
• Gifts that do not exceed the annual exclusion for the calendar year,
• Tuition or medical expenses you paid directly to a medical or educational institution for someone, Read More
With thousands of tax professional members benefitting from their association with www.taxconnections.com, we are super excited about the conversations we are having with those who have already committed to sponsor and speak at the 500,000 Taxpayers Meets Tax Experts Internet Tax Summit in September 2015. In my discussions with tax experts I am stunned at the behind the scenes trends that are occurring as we open up conversations at the 500,000 Taxpayers Meet Tax Experts Internet Tax Summit. For instance, I just learned that some of these so called FREE APPS that file your taxes are very costly to the taxpayer. One tax expert was telling me that they did a comparison with a taxpayer who had their return done by a FREE APP and then done by a trained Tax Advisor. The FREE APP got the Taxpayer a $4,500 refund; the Tax Advisor found many things Read More
The United States Supreme Court has heard arguments in the Obergefell v. Hodges case which basically seeks to legalize same-sex marriage in the United States. While the court has not yet announced its verdict, there is concern that, if it is legalized, the action could threaten the tax-exempt status of churches and other religious organizations. Albert Mohler, President of Southern Baptist Theological Seminary has stated that this issue “may well be the greatest threat to religious liberty of our lifetime.
During discussions before the Court, three religious liberty issues were raised. First, Justice Scalia asked counsel arguing for same-sex marriage if clergy would be required to perform same-sex marriages. The response was that a constitutional right for such unions would not require clergy of any faith to perform these ceremonies. Read More
April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. If, for whatever reason, you missed the deadline you may be assessed penalties for both failing to file a tax return and for failing to pay taxes they owe by the deadline. Here are eight important facts every taxpayer should know about penalties for filing or paying late:
1. Two penalties may apply. A failure-to-file penalty may apply if you did not file by the tax filing deadline. A failure-to-pay penalty may apply if you did not pay all of the taxes you owe by the tax filing deadline.
2. File even if you can’t pay. The failure-to-file penalty is generally more than the failure- Read More
Spotlight Interview: Chuck Levun On Educating CPAs And Attorneys On Partnership, LLC, and S Corporation Flow-Through Planning On Four Costly Business Mistakes They Make (Part 1)
Navigating A Sales Tax Audit: A Comprehensive Guide To Protecting Your Business
Citizens Against Government Waste: The Prime Cut Series (#5)
How To Receive Your R&D Payroll Tax Credit
IRS Form 8938 (Statement of Specified Foreign Financial Assets): Reporting Requirements Overview
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