Category: Taxing Definitions

Definitions — Paying the piper


Whether you believe the expression comes from the Pied Piper of legend or the old proverb, paying the piper does not always mean you get to call the tune.

Posted in Taxing Definitions Tagged with: , , , ,

Definition — Fun with statistics


Keep calm, it’s only statistics, and according to author Rex Stout, there are only two kinds – the kind you make up and the kind you look up.

Posted in Taxing Definitions Tagged with: , ,

Definition — By the numbers


IRS publication 55B, the IRS Data Book, is an annual overview of the operations of the IRS. Here are questions based on information in this year’s Data Book.

Posted in Taxing Definitions Tagged with:

Definitions — Status check


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

Posted in Taxing Definitions Tagged with:

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.

Posted in Taxing Definitions Tagged with: , ,

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.

Posted in Taxing Definitions Tagged with: ,

Decisions — No relation to pasta


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

Posted in Taxing Definitions Tagged with:

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.

Posted in Taxing Definitions Tagged with:

Definition — Backing Up

Image source: openclipart.org by the wizardplusplus

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

Posted in Taxing Definitions Tagged with: ,

Definition — Freeing information

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

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

Posted in Taxing Definitions Tagged with: