Definition – Financial Sleuthing

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You’ve probably watched a movie or two about agent double-oh-seven and his infamous license to kill. But do you know Agent 1?

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Decisions — Socially taxing

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Let’s get in the way-back machine and travel to 1941, when a treasury department tax ruling excluded social security benefits from being taxed on your federal income tax return.

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Decisions — Information please

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The IRS may not be your first choice as a pen pal. But if you have a general question about tax law and you write the IRS or your congressional representative, you might get an answer.

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Decisions — Legally related

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Where do legal expenses fall on the tax code scale of ordinary and necessary?

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Decisions — Staying Civil

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While it’s a given under current tax code that all income from whatever source is taxable unless specifically excluded under the law, what happens when what’s given is deemed a gift in a civil lawsuit? Can the IRS still claim the amounts received are taxable income?

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Decisions — Controlled by the Army

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As a citizen of the US, you’re taxed on your worldwide income “from whatever source derived”…unless an exclusion applies.

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Definitions – Data dump

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The IRS has been publishing information about the collection of revenue since 1863. And yes, you can read the one from that year online if you like.

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Decisions — Separate from the rest

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In tax law, one plus one can sometimes equal one. That can be true when you have more than one business and you “aggregate” them into a single activity.

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Decisions — Charity benefits

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How charitable are you? That’s the question the IRS asks and organizations seeking charitable status have to answer.

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Definitions — A tale of two codes

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Unlike computer software, the US tax code has no built-in error messages. That can lead to user confusion, such as when you’re trying to figure out how to deduct the cost of software.

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Useful Tax Law Links

US Tax Code- Cornell University Law School Legal Information Institute. Searchable.

http://uscode.house.gov/ - Office of the Law Revision Counsel. Searchable. Downloadable.

US Tax Court - TC Opinions, Memorandum Opinions, Summary Opinions. Searchable. Downloadable.

Treasury Regulations - Government Printing Office provides the Federal Tax Regulations. Searchable. Downloadable.

Other Official US Tax Guidance - US Internal Revenue Service. Searchable. Downloadable.

Useful Downloads by Taxing Lessons

Foreign Earned Income Exclusion - free PDF - Graphic of Internal Revenue Code Section 911

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