Tax

Rutgers tax professor op-ed featured in The New York Times

Thursday, November 15, 2012

Rutgers Business School professor Jay Soled was featured as a New York Times op-ed contributor in his piece "Filling Up on Your Dime," which he wrote with James Alm, professor and chair of economics at Tulane.

TAGS: Accounting Tax Taxation

How to Write Off Your Car or Truck for Business

Date: 
Tuesday, February 28, 2012

Q: It's tax season--time to ponder that annual conundrum: How much of my vehicle usage can I claim as a business expense?

A: The IRS code governing vehicle use runs roughly the length of "Infinite Jest." But it doesn't have to be that complicated, says Jay Soled, a professor of accounting and information systems at Rutgers University, who has testified before Congress on tax compliance issues. "The problem is the rules are a morass," Soled says.

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TAGS: Jay Soled Tax

Jack Bogdanski's New Blog Provides Rich Details for Income Tax Course

Date: 
Monday, October 10, 2011

...In many ways, I view Jack's new blog as an extension of the idea behind our Tax Stories book (Foundation Press, 2d ed. 2009).  Several reviewers observed that the book provides useful nuggets for professors to incorporate into their teaching (even if they do not adopt the book for classroom use).  As Jay Soled (Rutgers) noted in Tax Stories Adds Anecdotal Interest to Tax Cases, 100 Tax Notes 727 (2003):

If you share my bent toward the use of anecdotes in the classroom, reading Tax Stories should be a very rewarding experience. Indeed, after reading Tax Stories, don't be surprised if you deliver your lectures with renewed vigor, punctuated with healthy offerings of the anecdotal delights found in this book.

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TAGS: Jay Soled Tax

Soled: No Taxes, No Driver's License

Date: 
Monday, June 13, 2011
Location: 
Newark, NJ

Most people place a high premium on driving, and all states place a high premium on taxpayers paying their fair share of taxes. State lawmakers should connect the privilege of driving to payment of one’s income taxes. That connection is equitable and would apply universally, regardless of a taxpayer’s socioeconomic class or outstanding tax debt. How would the proposal tying driving privileges to being current with one’s income taxes operate in practice? Once an income tax assessment had been made against a taxpayer, the state would add the taxpayer’s name to a ‘‘No-Drive List.’’ When that taxpayer’s license was to be renewed, that state’s motor vehicles agency would deny his renewal application. Only when the tax in question was paid in full or, alternatively, when the taxpayer entered into an installment payment plan with the state, would his name be removed from the list, at which time he could then reapply for renewal of his driver’s license.

TAGS: Jay Soled Tax

Faculty Insight: Misperceptions on estate tax detracting from worthwhile revenues for United States

Wednesday, May 25, 2011

Professor Jay Soled, a tax attorney and Director of the Master of Accounting in Taxation Program at Rutgers Business School weighs in on new estate tax legislation.

TAGS: Faculty Insights Jay Soled Tax Thought Leadership

Tax fraud way up says the IRS

Date: 
Friday, April 22, 2011
Location: 
Newark, NJ

Almost two-billion dollars in fraud and attempted fraud this year. The figures come from the Treasury Inspector General for Tax Administration. Some of this fraud comes in the form of taxpayers claiming deductions they may not be entitled to. Advances in electronic filing make it easier to scrutinize returns, and the hard times might tempt some to cut corners or cheat. Rutgers tax expert Jay Soled says the current anti-tax climate also contributes to the fraud outbreak. According to Soled we have to be careful that we may ultimately get what we wish for if the kind of message keeps being sent, that taxes are an evil that should be avoided. 

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TAGS: Ethics Jay Soled Tax

Tax reform may not sit well with firms

Date: 
Thursday, April 7, 2011
Location: 
Washington, D.C.

Like many utilities, Atmos Energy has earned a steady return for its shareholders over the past decade, including a profit of $334 million last year.
"Most of these utilities are under that obligation to serve, so they have to make the investment to provide the service. In that sense, they are going to make the investment anyway," said Robert Patrick, an economist and professor at Rutgers Business School. Patrick has published widely on regulated energy markets. Bonus depreciation "is generally a way to increase their profits," he said.While business groups such as the U.S. Chamber of Commerce have lobbied for bonus depreciation and other tax breaks, Atmos doesn't directly lobby in Washington.

TAGS: Faculty Robert Patrick Tax

Site helps tipsters report tax cheats

Date: 
Saturday, March 26, 2011
Location: 
Asbury Park, NJ

"It's very hard for the IRS to find tax evaders," said Jay Soled, an accounting professor at the Rutgers University School of Business in Newark and New Brunswick. "Tax returns rarely speak. It's not hard to get things under the radar screen.

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TAGS: Jay Soled Tax

Tax Planning Advice: Look at Last Year’s Return—Bernard Kiely

Date: 
Tuesday, March 15, 2011

Today’s tip comes from Bernard Kiely of Kiely Capital Management in Morristown, N.J. Mr. Kiely is a CFP and CPA and has been a fee-only financial planner and provider of income tax services for individuals for more than 25 years. He holds a BA in Accounting from Upsala College and an MBA from Rutgers University.

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TAGS: Alumni MBA Success Stories Tax

Faculty Insight: Court ruling suggests taxpayers obtaining MBA as means to enhance existing career may be able to deduct tuition expenses

Monday, February 22, 2010

By Jay Soled, Professor, Accounting & Information Systems; Director, Master of Accounting in Taxation Program

TAGS: Faculty Insights Jay Soled Tax Thought Leadership

Rutgers Annual Taxation, Technology, & Consulting Convention

Last Occurrence: Friday, November 16, 2012 7:30am
Conference Center at Mercer, 1200 Old Trenton Road, West Windsor, NJ 08001

Rutgers University is proud to present the Annual Taxation, Technology, & Consulting Convention which will take place on November 16, 2012. The event qualifies for a total of 8 hours Continuing Professional Education (CPE), 6 hours of Taxation, and 2 hours of Technology. The event will be held in Central NJ, at the Conference Center at Mercer, 1200 Old Trenton Road, West Windsor, NJ 08850.

TAGS: Accounting Conference CPA Tax Technology

2011 Tax & Technology Convention

Last Occurrence: Friday, September 23, 2011 8:00am - 5:00pm
The Conference Center at Mercer

This fantastic and affordable seminar will offer the practitioner insight as to what is new with the IRS and the NJ Division of Taxation as well as a Technology update. This seminar is open to all CPAs in the Tri-State area as well as Rutgers Alumni. It’s a reporting year for NJ CPA’s so don’t get caught short!! This conference qualifies for 6 hours of CPE in Taxation and 2 hours of CPE in Technology.

TAGS: Accounting Conference Tax

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