Cash-Hungry States Eye Business Tax – Why the cat and mouse games of income sourcing between states with different tax rates will never end, guaranteeing a steady stream of income for those of us in the tax minimization profession.

Ed Slott has a handy explanation of the latest on the IRS’s confusing application of the new tax law regarding IRA rollovers by non-spouse beneficiaries.

I just received an email from the Arkansas DFA announcing that they have recently passed an emergency rule setting the due date for 2006 individual income tax returns as Tuesday, April 17, 2007; the same date as for Federal 1040s.  

From FoxNews.com

IRS Switcheroo: Non-Spouse Beneficiaries CAN Do Rollover if …

The Most Overlooked Tax Deductions

The Tax-Gap Chimera. Are the costs of hunting down the ordinary American tax cheat worth it? Maybe not. – From Bruce Bartlett. It wouldn’t hurt to toss in a reminder that the amount of the Tax Gap is no more than a WAG (wild ass guess) used by IRS to scare up more power and resources.

I’ve never been a fan of the quasi-musical format called crap (the C is silent); but obviously a lot of people love it based on the amount of money it generates.

I just learned of a contest TurboTax is running for people to upload their own tax related rap videos and possibly win $25,000. I sampled some of them and so far, I couldn’t bear to hear any of them a second time.

I’m just passing this along as one more tax related tidbit. The contest runs through April 15; so if anyone notices a video with some actual creativity or humor, let me know. I don’t have the stomach to watch many more of them.