If you think the U.S. tax code is a mess, look at Brazil . . .

When talking about the U.S. Tax Code and overall complexity, I can sound like a sports superfan. That’s right: “We’re Number One! We’re Number One!” Turns out we have nothing on Brazil. As this New York Times article explains , a Brazilian lawyer, Vinicios Leoncio, has spent years documenting the complexity of that nation’s tax…Continue Reading

Boston Bruins and IRS facing off over meal deductions

Businesses can deduct 100% of most ordinary expenses, but only 50% of the cost of business-related meals. When is a meal not a meal for tax purposes? One definition is when it’s an ordinary expense and provided for the convenience of the employer. That’s what the National Hockey League’s Boston Bruins say about the costs…Continue Reading