Tag: Definition

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.

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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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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 – Do you know IRAs?

Image source: Free Picture: EggsID: 253648 Pdiaz Dreamstime Stock Photos

Given the year IRAs were introduced, you may have had access to these retirement accounts your entire working life. But how much do you really know about IRAs?

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Definition — IRS Documents and Al Capone

Given the confidentiality provisions of Internal Revenue Code Section 6103, do you know why the IRS was able to release the records of the investigation of Al Capone? When you’re researching a tax question, you may choose to stick with

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