Author Archives: Title26

About Title26

I am a CPA with a MST. I was in public practice for 29 years, during which time I assisted a broad variety of tax clients. I am now an adjunct income tax instructor teaching undergraduate & graduate tax classes. I enjoy tax and tax policy.

Tax Legislation

Posted on July 31, 2013 by Title26

The Senate Finance Committee chaired by Senator Max Bacus recently asked Senators for written proposals for tax reform.  The submission deadline was July 26th.  The catch was that these proposals would be completely secret, going as far as to promise … Continue reading →

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Tax Policy – Tax Expenditures

Posted on July 30, 2013 by Title26

Every year, the Joint Committee on Taxation (JCT) prepares a report on the cost of tax expenditures (the costs of the tax breaks provided in the IRC).  The estimated cost of each tax expenditure item is computed on a yearly (fiscal) basis and … Continue reading →

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Tax Lobbying

Posted on July 30, 2013 by Title26

Lawmakers, Lobbyists Push for New Tax Breaks Through Secret Process Senate tax writers want to start fresh, but instead of mounting a defense of existing tax breaks, their colleagues are offering new ones. http://www.nationaljournal.com/congress/lawmakers-lobbyists-push-for-new-tax-breaks-through-secret-process-20130729

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Tax Policy Articles

Posted on July 23, 2013 by Title26

Mortgage Interest Deduction Second-Home Deduction Future Depends on Congress Using It Bloomberg, By Richard Rubin – Jul 23, 2013 10:26 AM CT http://www.bloomberg.com/news/2013-07-23/second-home-deduction-future-depends-on-congress-using-it.html

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Tax Lobbying

Posted on July 23, 2013 by Title26

This is a page where I am collecting links to various published articles regarding tax lobbyists and tax lobbying. K Street lobbyists storm Capitol Hill offices to rescue tax breaks The Hill, By Kevin Bogardus and Bernie Becker – 07/18/13 … Continue reading →

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Willard M. and Ann D. Romney 2010 U.S. Individual Income Tax Return

Posted on June 2, 2012 by Title26

When the Romney campaign announced it was releasing Mitt & Ann Romney’s 2010 U.S. Individual Income Tax return (the Romney return), I must admit that I was anxious to review it.  Guess I am a bit of a tax voyeur! … Continue reading →

Posted in Tax Computations and Explanations | Tagged , , | 1 Comment