Lang Steuer literally means “long tax” in German. This name was chosen because the listing of taxes people pay is extremely long. Also, to many, a short discussion of taxes will feel like the longest conversation they’ve ever had. And finally, my last name is Lang and I speak German.
No one denies taxes and accounting are dry subjects to most people. Even some accountants dislike taxes! We tax people call them auditors and make fun of them at firm events.
It is no secrete that the US tax code, or really any country’s tax code, is dense material that bores the overwhelming majority of people. Albert Einstein is attributed as saying, "The hardest thing in the world to understand is the income tax."
I enjoy writing and hope to shed some light on taxes and accounting in general and make these topics less hard to understand. No tax or accounting topic is off limits. Postings may range from discussions on recently proposed and/or passed legislation to court cases dealing with tax or accounting issues to financial trends that may be affected, or otherwise driven, by taxes and accounting. Funny cartoons about taxes, accounting, and accountants are fair game too.
Areas of particular interest to me are taxation of business entities, international taxation, and accounting affecting high net worth individuals, or those working to become high net worth individuals. My “day job” includes assisting with compliance (i.e., completing and filing tax forms) and counseling individuals, or family offices, that operate closely held business with multi-state and/or international tax and accounting issues (i.e., tax planning and developing strategies to minimize tax liabilities).
The topics discussed here are not meant to be legal, tax, financial, accounting, or other professional advice. Instead, the topics are meant to generate questions and/or topics of discussion for the reader to broach with his or her professional advisors.
· Copyright © Roger Lang 2024