Category: Taxing Definitions

Definitions — Status check


What’s the status of the IRS? It’s not that complicated.

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Definitions — The great depreciation

Section 179 depreciation, a tax provision that currently allows taxpayers to write-off up to $500,000 for 2016 ($510,000 for 2017), has been around long enough that you may think you’re very familiar with the rules. Here’s a quiz to check your knowledge.

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Definitions — Watching the IRS


Each December, the IRS gets a holiday gift from the National Taxpayer Advocate in the form of a presentation to congress that sums up what’s working – and what’s not.

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Decisions — No relation to pasta


When you think of unrelated business taxable income, thoughts of pasta may not come to mind.

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Definitions — The art of the appraisal


Art may have no rules, but the Internal Revenue Service does, and some of those rules are about works of art.

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Definition — Backing Up

Image source: openclipart.org by the wizardplusplus

Do you have a backup plan? The IRS does too.

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Definition — Freeing information

Source: Internet SecurityID: 2293968 © Christopher Hall Dreamstime Stock Photos

According to the old saying, information wants to be free.

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Definitions — Double Trouble

Image source: Galiaoffri [GFDL (http://www.gnu.org/copyleft/fdl.html), via Wikimedia Commons

Depending on which myth you chose to believe, your double is roaming the world searching for you, either with a desire to complete you or to do you evil.

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Definitions — Here, there, everywhere

Source: By J.-N. L. (own re-drawing) [FAL], via Wikimedia Commons

Like the ubiquitous Kilroy of World War II fame, tax law seems to be everywhere. Here are two examples of tax rules popping up where you might not expect them.

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Definitions — Your tax reading diet

Image source: GAO-16-720

The food pyramid, an old-school nutrition guide issued by the US government, disappeared in 2011. But if your reading diet includes IRS documents, you’re in luck.

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