Less Taxing Matters

Each issue of The Tax Executive features a column by TEI's Executive Director Timothy McCormally. While reporting on Institute activities, the column also offers an entertaining and often whimsical look at the tax profession.

Articles found here are published bi-monthly. For more information on The Tax Executive magazine, click here.

  • I would be remiss if I didn’t acknowledge the hospitality and courtesies extended to me on my “farewell tour,” which included visits with leaders of six TEI Chapters in October and November. Mid-October found me in Des Moines, where the chapter not ... [Read More]
    Less Taxing Matters - Submitted By: Timothy McCormally, Executive Director - Thursday, November 15, 2012
  • This column, as well as the one that appeared in the Sep.-Oct. issue of The Tax Executive, is an expansion and adaptation of remarks prepared for delivery at TEI's 67th Annual Conference. At the conference, Timothy McCormally, who retired from the I ... [Read More]
    Less Taxing Matters - Submitted By: Timothy J. McCormally, Executive Director - Thursday, November 15, 2012
  • This column, as well as the one appearing in the next issue of The Tax Executive, is an expansion and adaptation of remarks prepared for delivery at TEI's 67th Annual Conference. At the conference, Timothy McCormally, who will retire from the Instit ... [Read More]
    Less Taxing Matters - Submitted By: Timothy J. McCormally, Executive Director - Saturday, September 15, 2012
  • Paul L. Dillingham resigned his TEI membership in 1978 when he was promoted out of the tax department of the Coca-Cola Company. This was five years after he completed his term as 1972-1973 Institute President and four years before I joined the Insti ... [Read More]
    TEI - Submitted By: Timothy J. McCormally, Executive Director - Sunday, July 15, 2012
  • In the mid-1840s, Scottish writer Thomas Carlyle propounded what at the time was known as "the Great Man Theory" — the idea that history can largely be explained by the influence of great men and women, or heroes, who through their charism ... [Read More]
    TEI - Submitted By: Timothy J. McCormally - Thursday, March 15, 2012
  • TEI was founded 68 years ago by Paul Smith from New York, who thought tax executives have an obligation to give back to their profession. Seven decades later, current president Dave Penney defined this attribute as "selfless enterprise" — ... [Read More]
    TEI - Submitted By: Timothy J. McCormally, Executive Director - Sunday, January 15, 2012
  • Regular readers of this column may recall that my father was the editor of daily newspapers in the midwest. One of his favorite writers was Mark Twain, especially after our family moved in the mid-1960s from the Kansas prairie to the banks of the Mi ... [Read More]
    Federal - Submitted By: Timothy J. McCormally - Friday, December 09, 2011
  • Dave Penney’s inaugural column as TEI president begins with his paying homage to the “selfless enterprise” that the Institute’s founders exhibited in 1944 when they gathered in New York City to discuss whether to organize what we now know as Tax Exe ... [Read More]
    Federal - Submitted By: Timothy J. McCormally - Wednesday, November 23, 2011
  • In his column in this issue, Paul O’Connor emphasizes that, while TEI rightly prides itself on its conferences, seminars, and courses, the bulk of the Institute’s educational activities occur at the local level. The numbers are impressive: Including ... [Read More]
    Federal - Submitted By: Less Taxing Matters / Timothy J. McCormally - Friday, August 26, 2011
  • In mid-April, I  caught  an early morning flight to Kansas City to participate in the chapter’s State and Local Tax Update and Roundtable in Overland Park, Kansas. There were two special aspects of the meeting that I will discuss directly, but the c ... [Read More]
    Federal - Submitted By: Less Taxing Matters / Timothy J. McCormally - Tuesday, June 07, 2011
  • The financial statements for Tax Executives Institute for fis­cal year 2010 are reprinted in this issue of The Tax Executive. They represent both a snapshot of the Institute’s financial condition as of June 30 and, more generally, a summary of what ... [Read More]
    - Submitted By: - Tuesday, December 07, 2010
  • In my January-February column, I summarized the reasons for the Institute’s founding in a single sentence: "Sixty-five years ago, a small group of New York tax professionals formed TEI to provide in-house tax professionals with a forum to excha ... [Read More]
    - Submitted By: - Wednesday, October 27, 2010
  • Spring 2010 This spring gave me the opportunity to attend several local TEI events, allowing me both to witness the vitality in the Institute's chapters and regions and to renew friendships with many members whose ability to attend Institute-level ... [Read More]
    - Submitted By: - Thursday, July 01, 2010
  • January-February 2010 2010 is not the time to be alone, sitting by yourself, as a tax professional. It’s a time to move your chair closer to those whose knowledge, experience, and insights can help you do your job and assist your professional dev ... [Read More]
    - Submitted By: - Wednesday, March 31, 2010
  • November-December 2009 According to the Greater Cincinnati Convention and Visitors Bureau, Cincinnatians consume more than two million pounds of chili each year, topped by 850,000 pounds of shredded cheddar cheese. As someone who enjoys eating as m ... [Read More]
    - Submitted By: - Thursday, December 31, 2009
  • Fall 2009 When George Figueroa of Molina HealthCare, president of the Arizona Chapter, called in August to invite me to attend the chapter’s September or October meeting, I looked at the calendar and sighed. I had a conflict for the September date, ... [Read More]
    - Submitted By: - Saturday, October 31, 2009
  • July-August 2009 The hoopla surrounding Senator Charles Grassley’s recent embrace of Twitter notwithstanding, social networking is nothing new to members of the tax community. (Many of us cannot imagine saying anything in 140 characters, but th ... [Read More]
    - Submitted By: - Friday, August 28, 2009
  • May-June 2009 In my last column, I wrote with pride about the efforts of members of the Minnesota Chapter to support AccountAbility Minnesota, a volunteer tax-preparation organization, as well as the Institute’s decision to make a cash grant to the ... [Read More]
    - Submitted By: - Tuesday, June 30, 2009
  • March-April 2009 When Paul Smith founded Tax Executives Institute in 1944, his goal was at once simple and audacious — to create a “true community” to help tax professionals simplify compliance, enhance opportunities for effective tax planning, and ... [Read More]
    - Submitted By: - Thursday, April 30, 2009
  • January-February 2009 One of the URLs that we should perhaps all bookmark is www.goodnewsnetwork.org, which directs you to a site devoted to sharing, not merely those inspirational messages that cynics find cloying or annoying, but genuinely good n ... [Read More]
    - Submitted By: - Saturday, February 28, 2009