By: Terry Myers and Dee DeScherer
Nothing Lasts Forever
And the Internal Revenue Code is filled with examples.
Increasingly, for budgetary and other reasons, Congress is enacting tax provisions on a temporary basis. Sometimes these provisions are extended again and again (e.g., the “above-the-line” deduction for higher education expenses) and may eventually become a permanent part of the [...]
Welcome to yet another tax season. With a matter of days remaining until the April 15 IRS income tax deadline, the stress level of Americans is on the rise. Prepare yourself for more angry drivers on the freeways, impatient customers in the lines of local coffee shops and grocery stores, and friends who don’t [...]