Tax Attorney Rochester NY

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Tax Attorney Rochester NY

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Alan’s Thought for the Day

The people who succeed most aren’t those seeking perfection, but rather those who seek excellence and are confident they can correct errors and rebound from setbacks along the way. The post Alan’s Thought for the Day appeared first on Alan's Blog . Alan’s Thought for the Day posted first on taxreliefprosorg.wordpress.com/
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What Are the Odds the IRS Will Audit Your Tax Return?

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“Tax audits are in the news more than usual, perhaps because Donald Trump said that he can’t release his tax returns to the public while he is being audited by the IRS. But now that he has been elected President, the odds of his tax return being audited just went up (way up).  Why?  Because if you are living in the White House, your odds are 100%.  The President (and the Vice-President) have their tax returns audited every year, as required by Section 4.2.1.11 of the Internal Revenue Manual. The Internal Revenue Manual spells out strict rules under which these returns are audited. They require expeditious processing, and unusual security precautions.  For example, the returns “should be kept in an orange folder at all times.” Those audits, it adds, must be completed at the Baltimore Technical Services office of the IRS. They must be kept out of view of other IRS employees and locked “in a secure drawer or cabinet when the examiner is away from the work area.”...
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Could austerity’s impact be persistent

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How Conservative macroeconomic policy may be making us persistently poorer I was happy to sign a letter from mainly academic economists published in the Observer yesterday, supporting the overall direction of Labour’s macroeconomic policy. I would also have been happy to sign something from the Liberal Democrats, who with a similar macroeconomic stance have the added advantage of being against Brexit, but no such letter exists. As I have said before about letters, it is the overall message that counts. We desperately need more public investment and more current spending to boost demand, which in turn will allow interest rates to come away from their lower bound. If I could carry just one message into mediamacro to bring it more into line with macro theory, it is that nominal interest at their lower bound represent a policy failure. Unconventional monetary policy is a very unreliable substitute for interest rate changes and fiscal policy as a way of controlling the economy, and a t...
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