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	<title>Tax  Lawyer&#039;s  Blog &#187; Taxes 101</title>
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		<title>Romney&#8217;s Effective Tax Rate Closer to 45%</title>
		<link>http://www.pappasontaxes.com/index.php/2012/01/25/romneys-effective-tax-rate-closer-to-45/</link>
		<comments>http://www.pappasontaxes.com/index.php/2012/01/25/romneys-effective-tax-rate-closer-to-45/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 13:17:20 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Politics of Taxes]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[capital gains]]></category>
		<category><![CDATA[double tax]]></category>
		<category><![CDATA[mitt romney tax]]></category>
		<category><![CDATA[tax the rich]]></category>

		<guid isPermaLink="false">http://www.pappasontaxes.com/?p=28975</guid>
		<description><![CDATA[John Berlau and Trey Kovacs of The Wall Street Journal point out that Mitt Romney&#8217;s capital gains income was paid with after-tax corporate dollars and, therefore, taxed twice. I don&#8217;t expect people on the left to understand this. And even if they do, I don&#8217;t expect them to stop their anti-rich, class-warrior, Buffett secretary nonsense. But hope springs eternal. [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2012/01/25/romneys-effective-tax-rate-closer-to-45/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Why Capital Income is Taxed at a Lower Rate than Ordinary Income</title>
		<link>http://www.pappasontaxes.com/index.php/2011/09/20/why-capital-income-is-taxed-at-a-lower-rate-than-ordinary-income/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/09/20/why-capital-income-is-taxed-at-a-lower-rate-than-ordinary-income/#comments</comments>
		<pubDate>Tue, 20 Sep 2011 13:12:15 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Politics of Taxes]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[buffett rule]]></category>
		<category><![CDATA[capital gains]]></category>
		<category><![CDATA[left wing tax lies]]></category>
		<category><![CDATA[obama tax plan]]></category>
		<category><![CDATA[ordinary income]]></category>
		<category><![CDATA[scott hodge]]></category>
		<category><![CDATA[tax the rich]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=25995</guid>
		<description><![CDATA[Scott Hodge of The Tax Policy Blog deftly answers President Obama&#8217;s call for someone to tell him why it&#8217;s fair that the capital gains tax rate is lower than the ordinary income tax rate (emphasis added): During his Rose Garden speech yesterday, President Obama once again fueled the general misperception that people who pay the [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/09/20/why-capital-income-is-taxed-at-a-lower-rate-than-ordinary-income/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Tax Equality Proposal: Abolish the Standard Deduction and Let Poor People Itemize</title>
		<link>http://www.pappasontaxes.com/index.php/2011/09/17/tax-equality-proposal-abolish-the-standard-deduction-and-let-poor-people-itemize/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/09/17/tax-equality-proposal-abolish-the-standard-deduction-and-let-poor-people-itemize/#comments</comments>
		<pubDate>Sat, 17 Sep 2011 14:24:25 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Deductible Expenses]]></category>
		<category><![CDATA[Tax Policy]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[charitable contributions]]></category>
		<category><![CDATA[howard gleckman]]></category>
		<category><![CDATA[itemized deductions]]></category>
		<category><![CDATA[miseducation on taxes]]></category>
		<category><![CDATA[soak the rich]]></category>
		<category><![CDATA[tax lies]]></category>
		<category><![CDATA[tax the rich]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=25774</guid>
		<description><![CDATA[In a recent post I criticized Howard Gleckman of Tax Vox for claiming that lower-income taxpayers who don&#8217;t itemize their deductions receive no benefit from their charitable contributions even though these taxpayers &#8220;gave about 3.5% of their income in 2009&#8243; to charity. The reason for this, Gleckman asserted, is that [T]hese taxpayers can only take the deduction [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/09/17/tax-equality-proposal-abolish-the-standard-deduction-and-let-poor-people-itemize/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Tax Court Says No Theft Loss for Foreclosure</title>
		<link>http://www.pappasontaxes.com/index.php/2011/08/04/tax-court-says-no-theft-loss-for-foreclosure/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/08/04/tax-court-says-no-theft-loss-for-foreclosure/#comments</comments>
		<pubDate>Thu, 04 Aug 2011 12:39:04 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Court Cases]]></category>
		<category><![CDATA[Deductible Expenses]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[cancellation of debt]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[joe kristan]]></category>
		<category><![CDATA[nadel v commissioner]]></category>
		<category><![CDATA[tax court]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=24190</guid>
		<description><![CDATA[There is an epidemic of blame shifting in the housing crisis. People who knew or should have known that they would not be able to honor the terms of the mortgage notes they signed when they expected housing values to rise are, now that housing prices have declined, attempting to shift the blame to their lenders for giving [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/08/04/tax-court-says-no-theft-loss-for-foreclosure/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Accountant Tries to Deduct Value of His Own Services</title>
		<link>http://www.pappasontaxes.com/index.php/2011/07/26/accountant-tries-to-deduct-value-of-his-own-services/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/07/26/accountant-tries-to-deduct-value-of-his-own-services/#comments</comments>
		<pubDate>Tue, 26 Jul 2011 18:42:45 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Court Cases]]></category>
		<category><![CDATA[Deductible Expenses]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[162 expense]]></category>
		<category><![CDATA[mondello v commissioner]]></category>
		<category><![CDATA[ordinary and necessary]]></category>
		<category><![CDATA[tax court]]></category>
		<category><![CDATA[value of services]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=23934</guid>
		<description><![CDATA[Are you sure we don&#8217;t need to regulate unenrolled tax preparers? Here&#8217;s the story of an accountant named Mondello who tried, with a straight face, to  take a deduction on his income tax return for the value of his services (Mondello v. Commissioner, T.C. Summ. Op. 2011-97 (July 25, 2011)): Petitioner operated his Web site business [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/07/26/accountant-tries-to-deduct-value-of-his-own-services/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Taxing Sale of Jeter Ball is a No Brainer</title>
		<link>http://www.pappasontaxes.com/index.php/2011/07/18/taxing-sale-of-jeter-ball-is-a-no-brainer/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/07/18/taxing-sale-of-jeter-ball-is-a-no-brainer/#comments</comments>
		<pubDate>Mon, 18 Jul 2011 14:19:26 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Gross Income]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[james maule]]></category>
		<category><![CDATA[jeter ball]]></category>
		<category><![CDATA[section 61]]></category>
		<category><![CDATA[tax 101]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=23653</guid>
		<description><![CDATA[A lot of people are making a ruckus because the IRS says that the value of what Christian Lopez, the fan who caught Derek Jeter&#8217;s 3,oooth hit, which was a home run, is taxable, but it&#8217;s much ado about nothing. Here&#8217;s David Logan of Tax Policy Blog: On July 9th, Derek Jeter became the 28th [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/07/18/taxing-sale-of-jeter-ball-is-a-no-brainer/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Business Vacations and Taxes</title>
		<link>http://www.pappasontaxes.com/index.php/2011/07/10/work-vacations-and-taxes/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/07/10/work-vacations-and-taxes/#comments</comments>
		<pubDate>Sun, 10 Jul 2011 15:00:55 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Deductible Expenses]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[business vacations]]></category>
		<category><![CDATA[ordinary and necessary]]></category>
		<category><![CDATA[travel expenses]]></category>
		<category><![CDATA[work vacations]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=23547</guid>
		<description><![CDATA[Karen Hube writes about the blurry line between what is deductible and not deductible when you go on a work vacation: The federal government — unlike your spouse and kids — may be willing to cut you a break for the hard work you carve out of your precious vacation days. The time spent clicking [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/07/10/work-vacations-and-taxes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Peter Reilly on Basis</title>
		<link>http://www.pappasontaxes.com/index.php/2011/06/06/peter-reilly-on-basis/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/06/06/peter-reilly-on-basis/#comments</comments>
		<pubDate>Mon, 06 Jun 2011 12:39:34 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[basis]]></category>
		<category><![CDATA[calculating basis]]></category>
		<category><![CDATA[gain or loss]]></category>
		<category><![CDATA[peter reilly]]></category>
		<category><![CDATA[what is basis]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=21874</guid>
		<description><![CDATA[CPA Peter Reilly of Passive Activities and Other Oxymorons has an excellent article on basis titled What is Basis and Why is it Important? Here&#8217;s an excerpt: One of my regular readers mentioned to me that I use the word &#8220;basis&#8221; a lot and he doesn&#8217;t know what I&#8217;m talking about.  It is such a [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/06/06/peter-reilly-on-basis/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Tax Avoidance is Perfectly Legal</title>
		<link>http://www.pappasontaxes.com/index.php/2011/03/21/tax-avoidance-is-perfectly-legal/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/03/21/tax-avoidance-is-perfectly-legal/#comments</comments>
		<pubDate>Mon, 21 Mar 2011 12:47:16 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Tax Crimes]]></category>
		<category><![CDATA[Tax Policy]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[Taxpayer Rights]]></category>
		<category><![CDATA[gregory v helvering]]></category>
		<category><![CDATA[IRS crimes]]></category>
		<category><![CDATA[kail padgitt]]></category>
		<category><![CDATA[learned hand]]></category>
		<category><![CDATA[offshore tax havens]]></category>
		<category><![CDATA[tax avoidance]]></category>
		<category><![CDATA[tax evasion]]></category>
		<category><![CDATA[tax foundation]]></category>
		<category><![CDATA[tax havens]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=21641</guid>
		<description><![CDATA[U.S. Appeals Court Judge Learned Hand famously wrote in Helvering v. Gregory, 69 F.2d 809 (1934) that, [A]nyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/03/21/tax-avoidance-is-perfectly-legal/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>My Facebook Tax Page</title>
		<link>http://www.pappasontaxes.com/index.php/2011/01/04/my-facebook-tax-page/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/01/04/my-facebook-tax-page/#comments</comments>
		<pubDate>Tue, 04 Jan 2011 13:52:41 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Facebook Tax Tip]]></category>
		<category><![CDATA[Tax Tips]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[tax blog]]></category>
		<category><![CDATA[tax strategies]]></category>
		<category><![CDATA[taxonomics]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=20894</guid>
		<description><![CDATA[I just published my new tax facebook page. It&#8217;s called Taxonomics and on it we will be discussing tax developments, tips and tax strategies to help folks get through tax season and beyond. Please visit and add to the discussion. Here&#8217;s the link: Bookmark &#038; Share:]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/01/04/my-facebook-tax-page/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Urgency of IRS Notices</title>
		<link>http://www.pappasontaxes.com/index.php/2010/12/07/urgency-of-irs-notices/</link>
		<comments>http://www.pappasontaxes.com/index.php/2010/12/07/urgency-of-irs-notices/#comments</comments>
		<pubDate>Tue, 07 Dec 2010 15:42:28 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[IRS procedure]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[IRS Audits]]></category>
		<category><![CDATA[IRS Liens and Levies]]></category>
		<category><![CDATA[irs notices]]></category>
		<category><![CDATA[robert flach]]></category>
		<category><![CDATA[tax audits]]></category>
		<category><![CDATA[tax collection]]></category>
		<category><![CDATA[tax representation]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=20211</guid>
		<description><![CDATA[Wandering Tax Pro, Robert Flach, has some excellent advice that will save taxpayers and their representatives valuable time:  If you receive any notice or correspondence from the Internal Revenue Service or a resident or non-resident state tax agency SEND IT TO YOUR TAX PROFESSIONAL IMMEDIATELY! And preferably send the original via postal mail – to [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2010/12/07/urgency-of-irs-notices/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Don&#8217;t Blame Me, I Told you to Incorporate.</title>
		<link>http://www.pappasontaxes.com/index.php/2010/11/01/dont-blame-me-i-told-you-to-incorporate/</link>
		<comments>http://www.pappasontaxes.com/index.php/2010/11/01/dont-blame-me-i-told-you-to-incorporate/#comments</comments>
		<pubDate>Tue, 02 Nov 2010 00:46:14 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[C Corporations]]></category>
		<category><![CDATA[Corporate Tax]]></category>
		<category><![CDATA[IRS Audits]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[corporations]]></category>
		<category><![CDATA[form of business]]></category>
		<category><![CDATA[llc]]></category>
		<category><![CDATA[schedule c]]></category>
		<category><![CDATA[schedule c audit]]></category>
		<category><![CDATA[sole proprietor]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=19663</guid>
		<description><![CDATA[And we thought we had settled the issue of whether new business owners should incorporate, form an LLC or save a few hundred bucks and operate as a sole proprietorship. Today WebCPA reports that the IRS plans to fiurther intensify its audits of sole proprietorships (emphasis is mine): The Internal Revenue Service will be taking addit:ional steps to check on whether sole [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2010/11/01/dont-blame-me-i-told-you-to-incorporate/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>To Tax Means to Reach out and Touch Someone</title>
		<link>http://www.pappasontaxes.com/index.php/2010/04/22/to-tax-means-to-reach-out-and-touch-someone/</link>
		<comments>http://www.pappasontaxes.com/index.php/2010/04/22/to-tax-means-to-reach-out-and-touch-someone/#comments</comments>
		<pubDate>Fri, 23 Apr 2010 03:02:49 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[tax definition]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=16302</guid>
		<description><![CDATA[It&#8217;s a slow news day so I thought I&#8217;d take a little time to find out more about the word we&#8217;ve all learned to love: Tax. The word &#8220;tax&#8221; has been part of the English language since the 14th century. It derives from the Latin words taxare, meaning &#8220;to censure, to assess,&#8221; and tangere, meaning &#8220;to touch.&#8221;  From the Merriam-Webster online [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2010/04/22/to-tax-means-to-reach-out-and-touch-someone/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>7 Tax Help Articles</title>
		<link>http://www.pappasontaxes.com/index.php/2010/02/15/10-tax-help-articles/</link>
		<comments>http://www.pappasontaxes.com/index.php/2010/02/15/10-tax-help-articles/#comments</comments>
		<pubDate>Mon, 15 Feb 2010 15:31:05 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Individual Taxation]]></category>
		<category><![CDATA[Tax Tips]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[2009 tax returns]]></category>
		<category><![CDATA[tax advice]]></category>
		<category><![CDATA[tax preparation]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=14416</guid>
		<description><![CDATA[There have been many changes in the tax laws over the last year, but most of the tax code is the same. Here are 7 tax advice articles I wrote last year that apply equally to this year: 7 All Time Tax Concepts S Corporations Wages and Distributions: Basic Tax Planning Taxes 101: What Filing Status Should You Use? 5 [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2010/02/15/10-tax-help-articles/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Taxes 101: Hobby or Legitimate Business? Good Records May Carry the Day</title>
		<link>http://www.pappasontaxes.com/index.php/2010/02/05/taxes-101-hobby-or-legitimate-business-good-records-may-carry-the-day/</link>
		<comments>http://www.pappasontaxes.com/index.php/2010/02/05/taxes-101-hobby-or-legitimate-business-good-records-may-carry-the-day/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 11:33:50 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[bookkeeping]]></category>
		<category><![CDATA[books and records]]></category>
		<category><![CDATA[disallowed losses]]></category>
		<category><![CDATA[for profit]]></category>
		<category><![CDATA[hobby loss]]></category>
		<category><![CDATA[hobby loss rules]]></category>
		<category><![CDATA[IRS audit]]></category>
		<category><![CDATA[irs recordkeeping requirements]]></category>
		<category><![CDATA[profit motive]]></category>
		<category><![CDATA[section 183]]></category>
		<category><![CDATA[section 6001]]></category>
		<category><![CDATA[tax audit]]></category>
		<category><![CDATA[tax records]]></category>
		<category><![CDATA[trade or business]]></category>
		<category><![CDATA[treasury regulation 183]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=14287</guid>
		<description><![CDATA[If you own and operate a trade or business and have a history of losses, there is a very good chance the IRS will at some point disallow those losses, especially if you keep poor records. Although good bookkeeping is important in all cases, it is especially important for taxpayer&#8217;s with businesses that have shown a [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2010/02/05/taxes-101-hobby-or-legitimate-business-good-records-may-carry-the-day/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tax Research Primer: Organizational Structure of the Law</title>
		<link>http://www.pappasontaxes.com/index.php/2009/09/29/tax-research-primer-organizational-structure-of-the-law/</link>
		<comments>http://www.pappasontaxes.com/index.php/2009/09/29/tax-research-primer-organizational-structure-of-the-law/#comments</comments>
		<pubDate>Tue, 29 Sep 2009 14:50:38 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[internal revenue code structure]]></category>
		<category><![CDATA[tax planning]]></category>
		<category><![CDATA[tax research]]></category>
		<category><![CDATA[treasury regulation structure]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=10059</guid>
		<description><![CDATA[Tax researchers, planners and return preparers should have a thorough understanding of how the tax laws are structured. I found this outstanding primer on the organizational structure of the Internal Revenue Code and the Treasury Regulations at the Georgia State University College of Law website. INTERNAL REVENUE CODE Congress and the Treasury use organizational terms to direct [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2009/09/29/tax-research-primer-organizational-structure-of-the-law/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Reverse Tax Planning</title>
		<link>http://www.pappasontaxes.com/index.php/2009/09/26/reverse-tax-planning/</link>
		<comments>http://www.pappasontaxes.com/index.php/2009/09/26/reverse-tax-planning/#comments</comments>
		<pubDate>Sat, 26 Sep 2009 14:40:36 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Tax Tips]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[cash basis]]></category>
		<category><![CDATA[expense acceleration]]></category>
		<category><![CDATA[income deferral]]></category>
		<category><![CDATA[obama tax increase]]></category>
		<category><![CDATA[tax planning]]></category>
		<category><![CDATA[Tax Policy]]></category>
		<category><![CDATA[year end tax planning]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=9990</guid>
		<description><![CDATA[At year end tax professionals generally advise their cash basis clients to accelerate expenses and defer income. However, this strategy only makes sense where a taxpayer&#8217;s marginal tax rate will decrease or remain relatively constant. Experts are predicting that Congress and President Obama will raise tax rates either by the end of this year or sometime next [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2009/09/26/reverse-tax-planning/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Commingling of Funds is Still a Horribly Bad Idea</title>
		<link>http://www.pappasontaxes.com/index.php/2009/08/19/commingling-of-funds-is-still-a-horribly-bad-idea/</link>
		<comments>http://www.pappasontaxes.com/index.php/2009/08/19/commingling-of-funds-is-still-a-horribly-bad-idea/#comments</comments>
		<pubDate>Wed, 19 Aug 2009 04:14:49 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Business Transactions]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[business accounting]]></category>
		<category><![CDATA[business bookkeeping]]></category>
		<category><![CDATA[commingling of funds]]></category>
		<category><![CDATA[corporate bank account]]></category>
		<category><![CDATA[legal advice]]></category>
		<category><![CDATA[tax records]]></category>
		<category><![CDATA[unenrolled preparer regulation]]></category>
		<category><![CDATA[unlicensed practice of law]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=8998</guid>
		<description><![CDATA[I recently wrote in a post titled Tax Advice, Legal Advice &#38; Piercing the Corporate Veil that it would be legal malpractice for an attorney to advise his corporate and business clients to commingle their personal and business funds. I wrote the post in response to June Walker who had written a blog post titled You Do [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2009/08/19/commingling-of-funds-is-still-a-horribly-bad-idea/feed/</wfw:commentRss>
		<slash:comments>12</slash:comments>
		</item>
		<item>
		<title>Taxes 101: Accrual v. Cash Basis Method of Accounting</title>
		<link>http://www.pappasontaxes.com/index.php/2009/07/28/tax-accounting-basics-accrual-v-cash-method/</link>
		<comments>http://www.pappasontaxes.com/index.php/2009/07/28/tax-accounting-basics-accrual-v-cash-method/#comments</comments>
		<pubDate>Tue, 28 Jul 2009 04:12:14 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[acceleration of expenses]]></category>
		<category><![CDATA[accounting methods]]></category>
		<category><![CDATA[accrual basis]]></category>
		<category><![CDATA[cash basis]]></category>
		<category><![CDATA[cash v accrual]]></category>
		<category><![CDATA[deferral of income]]></category>
		<category><![CDATA[tax accounting]]></category>
		<category><![CDATA[year end tax planning]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=8219</guid>
		<description><![CDATA[IRS Publication 538 contains guidance on accounting periods and methods to be used by taxpayers: An accounting method is a set of rules used to determine when income and expenses are reported. Your accounting method includes not only your overall method of accounting, but also the accounting treatment you use for any material item. No [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2009/07/28/tax-accounting-basics-accrual-v-cash-method/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>7 All Time Tax Concepts</title>
		<link>http://www.pappasontaxes.com/index.php/2009/06/17/7-all-time-tax-concepts/</link>
		<comments>http://www.pappasontaxes.com/index.php/2009/06/17/7-all-time-tax-concepts/#comments</comments>
		<pubDate>Wed, 17 Jun 2009 05:07:39 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[basis]]></category>
		<category><![CDATA[claim of right]]></category>
		<category><![CDATA[depreciation]]></category>
		<category><![CDATA[tax benefit doctrine]]></category>
		<category><![CDATA[tax concepts]]></category>
		<category><![CDATA[tax deferral]]></category>
		<category><![CDATA[tax doctrine]]></category>
		<category><![CDATA[tax planning]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=5884</guid>
		<description><![CDATA[When you have a tax law that comprises more than 80,000 pages of complex text, you are going to have thousands of tax terms and concepts. I did some research and have determined (unscientifically, of course) that the following 7 ubiquitous tax concepts are the most important: Claim of Right - The receipt of cash or other assets that are [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2009/06/17/7-all-time-tax-concepts/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
	</channel>
</rss>

