Word: deductionism
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As Congress struggles to cut the federal deficit, its members' credibility is being further undermined by controversy over a tax break they voted themselves in December, which was buried in a bill regulating black-lung benefits for mine workers. The measure instructs the IRS to allow Congressmen and Senators...
Oddly enough, veterans' groups did not even know that their status was before the courts. Said Bertram Davis, national judge advocate of the American Legion: "We were taken quite by surprise." The lawsuit was filed by Taxation with Representation of Washington, a nonprofit group set up to fight for...
While some Americans are resorting to illegal means to lessen the tax bite, many others are beginning to search through the tax code in hopes of uncovering some new deduction. Tax collectors have no troubles with that. "Take everything that's due you," advises Bob Ruttenberg, an IRS official...
For taxpayers who still strive to fill out their Form 1040s accurately and completely, the task has become ever more arduous and exasperating. Congress loaded last year's tax bill with new deduction rules, depreciation formulas and tax-shelter gimmicks and thus added to the confusion that has already...
Finding the object, however, proved to be more difficult. Working at night for secrecy, Thomas investigated Kimbolton Castle in Cambridgeshire, 21 miles north of Ampthill Park, where Henry's abandoned Queen died in 1536. The castle, now a girls' school, yielded nothing. Then Thomas took a shrewd tack...