“If they don’t come up with loan modifications and keep people in their homes that they’ve worked so hard for, we’re going to tax them out of business,” Waters said. [ABC via TaxProf]
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Last Call for Procrastination Station | 09.15.09
Here we are at last call for corporate and partnership tax returns. You’ve got until midnight eastern time tonight to get the stragglers filed (or maybe you just spend the entire day postmarking things in advance).
This is usually about the time in the morning where a manager or partner shows up in your office with shoebox filled with receipts and a hand-written set of financial statements for a very important client.
While this scenario seems like the type of nightmare that would send most people running into oncoming traffic, we assure you that it does happen.
So if you’re a fighting fires on filing day, or you’re a veteran of the procrastination station and have tales that are worthy of campfire ghost stories, discuss your experiences in the comments.
As for the rest of you who finished your clients up yesterday, you’re probably not even at work, so sober up and get into the office, tomorrow is the holiday.
Lauryn Hill Could Use a Hand Here
Actually, Judge Madeline Cox Arleo knows that Ms. Hill is a person with "substantial assets" […]
Obama Gives Corporate Jet Owners, Hedge Fund Managers the Business About Their Taxes
From the press conference that is still going, “I don’t think it’s real radical” to ask corporate jet owners and millionaires to pay higher taxes, Obama said. “No-one wants to see the U.S default.”
And then:
You can’t reduce debt levels without… increasing revenue in some way,” Obama said. “That revenue is coming out of folks who are doing extraordinarily well, and enjoying the lowest tax rates since before I was born. If you are a wealthy CEO or hedge fund manager in America right now, your taxes are lower than they have ever been.”