Mapping Detroit

Big cities across America share some of the same problems – shifting or eroding tax base, infrastructure maintenance, acquiring new business and tackling property degradation. In Detroit’s case, the number of abandoned properties has reached the 80,000 mark. It’s not that long ago when ‘Made in Detroit’ represented the best in American know-how. Now they’re […]

February 19th, 2014|turnKey Taxes Blog, Uncategorized|0 Comments

IRS – Refund?

There is one news snippet that is catching the attention of many across the U.S. The IRS will not have enough money to pay for tax refunds. That’s what people hear.

First, it’s the Treasury, not the IRS that is responsible for issuing checks. What Treasury Secretary Jack Lew told Congress is that they need to […]

February 5th, 2014|turnKey Taxes Blog, Uncategorized|0 Comments

Dope Tax – coming soon!

The legalization of marijuana is coming soon to a state near you. Bet on it.

Any time there is item, sector or product that can be taxed without hurting the hard core voters, it seems to make its way into our lives. Why? In this case, it’s easier than proposing just about any alternative. Soon to […]

January 17th, 2014|turnKey Taxes Blog, Uncategorized|0 Comments

It’s here! Wastebook 2013

U.S. Senator Tom Coburn has released his annual “Wastebook 2013”. Coburn, the Republican from Oklahoma is a member of the Homeland Security and Governmental Affairs Committee. This report provides the Senator’s opinion of the 100 worst examples of wasteful spending totaling approximately $30 billion dollars.

The report is a must read […]

December 27th, 2013|turnKey Taxes Blog, Uncategorized|0 Comments

Pittsburgh Transition

“Government of the people, by the people, for the people” is one of the phrases that really stick with you. President Lincoln used the phrase in Gettysburg 150 years ago. There’s lots of bad financial news coming from cities across the U.S. and for good reason. Things are not going as well as they should.

In […]

December 15th, 2013|turnKey Taxes Blog, Uncategorized|0 Comments

Charitable deductions

Christmas is a time for giving. Charitable contributions are also tax deductible. If you are in the practice of giving back, you should note the following, as it has favorable tax implications.

The IRS allows you to take a the following percentages of your Adjusted Gross Income (AGI) each year.

  1. Cash – up to 50% of your […]
November 29th, 2013|turnKey Taxes Blog, Uncategorized|0 Comments

Taxes – no joke

Fewer times during the year are more stressful than tax time. And the more uncertainty (aka “how much will I owe”), the more stress. I was always taught by a lady very dear to me that the way to combat stress is to interject a little humor. That being the case, here’s a couple pieces […]

November 19th, 2013|turnKey Taxes Blog, Uncategorized|0 Comments

Thank you Veterans!

Today marks the 238th birthday of the Marine Corps. Yes, their birthdate is a year earlier than the United States. I’ll never forget this date because of a lifetime mnemonic. My eldest son was born on this date. Coincidently, he is a Marine. And as they will tell you – bluntly, I may add – […]

November 10th, 2013|turnKey Taxes Blog, Uncategorized|0 Comments

The Ultimate ROI

No, your not quacking up. Pittsburgh’s Three Rivers hosted the 40 foot spectacle and it was a huge hit for the kids – even those in their 80s and 90s. Over 1 million people – three times its population – came to visit […]

October 24th, 2013|turnKey Taxes Blog, Uncategorized|0 Comments

Shutdown ‘Winners’

The news of the shutdown ending last evening was a relief. It buys America another few months before we ramp up to the next chapter in this saga. Both parties are declaring their winners and losers. If you look at the data, there are no winners. If one compared the American economy to something like […]

October 17th, 2013|turnKey Taxes Blog, Uncategorized|0 Comments