Some Good Things Came Out of the Sequestration

by | Feb 5, 2014 | Articles

Having dealt with audits for over 30 years, I can say random audits based upon income are intrusive, expensive and have not resulted obtaining more money from bad taxpayers.   During 2013, the sequestration removed funds from the IRS, causing the organization to...

IRS Postpones Processing Return Date

by | Jan 27, 2014 | Articles

As you may know, the government postponed the date by which it will process tax returns to January 31st.  Originally the IRS stated it would start processing returns on January 21st!  However, the 16 day shutdown is blamed for this change.  Interesting enough, the...

Minting of New Millionaires

by | Jan 27, 2014 | Articles

A recent Wall Street Journal has an article about states that mint new millionaires.  The article indicates which states had the greatest percentage increase in new millionaires between 2012 and 2013.  The leaders were not a surprise:  North Dakota followed by Maine,...

Infrastructure & Prosperity

by | Jan 27, 2014 | Articles

A recent article in Bloomberg Businessweek, titled “Agriculture: India’s Farmers Benefit From Better Roads” described how for 30 years a rice farmer barely earned 2,000 rupees ($32) a month because there were no roads to access markets and no roads to easily obtain...

Parallel with Great Depression and Great Recession

by | Jan 23, 2014 | Articles

In many ways the US workforce today is mirroring the changes that occurred during the Great Depression.  During the 1930s, older workers remain on the job longer, people in their twenties sought higher degrees (delayed entry into a bad workforce) and unemployed older...

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