Blog Profile / Don't Mess With Taxes


URL :http://dontmesswithtaxes.typepad.com/
Filed Under:Business & Finance / Taxes
Posts on Regator:3195
Posts / Week:6.6
Archived Since:September 28, 2008

Blog Post Archive

Highlights of the GOP tax bill that's about to become law

There's a tax bill, but there is no tax reform. There's still an estate tax. There are still (some) state and local itemized tax deductions. There's still an alternative minimum tax. And there are enough other tweaks to confuse filers and keep tax pros very busy over the next 12 (or more) months. Show More Summary

Mileage tax deduction rates for 2018 bumped up a bit

The Internal Revenue Service has good news for folks who do tax-related driving. Some auto travel amounts, however, might not matter depending on what happens with tax reform. 50 Cent via Giphy.com If your job requires you to be on the road, you'll get a bit bigger tax break for those business miles in 2018. Show More Summary

Tax bill's $10,000 deduction cap to include state and local income and sales taxes, too

Vice President Mike Pence (waving) and Ways & Means Chairman Rep. Kevin Brady (far right) leave a Dec. 12 meeting in which they discussed the final touches being made to the Republicans' tax bill, H.R. 1, the Tax Cuts and Jobs Act. (Photo courtesy Brady's Facebook page) Breathe a sigh of relief payers of state income taxes. Show More Summary

Tax reform will lead to tax law abuse. Duh!

House and Senate tax conferees will officially meet for the first time this afternoon. As the formal "mixing" of the two tax bills begins, let's get few things straight. Neither H.R. 1, the Tax Cuts and Jobs Act, as passed by the House nor the version of that bill approved by the Senate is not real tax reform. Show More Summary

States warily watching federal tax reform

U.S. map from vintage state postcards by Design Turnpike/Fine Art America State tax departments and lawmakers have joined individual and business taxpayers in closely watching and anxiously awaiting any possible changes to the federal tax code. Show More Summary

IRS re-opens Experian-secured online services

Experian credit reporting bureau replaces hacked competitor Equifax as supplier of taxpayer identity proof to Internal Revenue Service. Remember when credit reporting bureau Equifax was hacked? Sure you do because you probably were among the more than 143 million folks whose data, collected without your knowledge or consent, was exposed to criminals. Show More Summary

Feds bust $2.5 million football survivor betting pool

It's Sunday afternoon in America, meaning millions (still) are watching National Football League games Millions more also are betting on them. Unless, that is, they were participants in Ron & Mike's Football Pool. It's one of the largest...Show More Summary

3 tax tips for office holiday party hosts

But some firms, especially if they specialize in lobbying lawmakers, have other considerations in mind for their annual end-of-year festivities. The holiday season is here at offices, too. That means office parties. Oh, yay! OK, some people love office Christmas parties. Show More Summary

Casualty loss tax deduction elimination fires up some California lawmakers

A driver pulled over in La Conchita, California, the evening of Dec. 6 to save a rabbit he spotted scurrying amid flames from the Thomas Fire in Ventura County. Click image to watch full video posted on YouTube by RMG News/Reuters/NJ.com. Show More Summary

Tax reform conferees named. Let the tax mixing begin!

The House and Senate have officially agreed to hash out their respective tax reform differences. Both chambers passed their own versions of H.R. 1, the Tax Cuts and Jobs Act. Rather than one side accepting the other's bill, they now must come up with a new piece of legislation that incorporates some parts of both. Show More Summary

Sexual harassment settlement tax deduction eliminated in tax reform bills

Time's person of the year for 2017 is a lot of people. The magazine selected all the women and men who who publicly spoke about being victims of sexual harassment and abuse as a way to stop it and help others who have been victims, known on social media as the #MeToo movement. Show More Summary

Loss of exemptions could cost some taxpayers

U.S. families have been getting smaller in recent years, but some still have lots of children and they could end up being adversely affected by the tax law changes now under consideration. (Photo from the Forks Timber Museum Collection...Show More Summary

Tax reform's $10K property tax deduction is worthless

Many homeowners breathed a sigh of relief when the Senate's version of tax reform followed the House's H.R. 1, the Tax Cuts and Jobs Act, and included a tax deduction for property taxes. But it might be time to start hyperventilating again. Show More Summary

The tax writing's on the bill, some of it possibly from more than 6,200 lobbyists

(Image by Rochelle Truong | Reddit) As we continue to plow though the Senate's version of the House tax reform bill, many folks, both on Capitol Hill and across the country, are still upset with the process used by GOP leaders to get the measure through the upper chamber. Show More Summary

8 differences to be reconciled in House & Senate tax bills

After 14½ hours of debate, the U.S. Senate early on Saturday, Dec. 2, approved 51-49 its version of tax reform. Now the hard work starts. (C-SPAN2 screenshot; click image to watch video of the full debate and votes) It's alive! Tax reform,...Show More Summary

10 tax moves to make by Dec. 31 (and before Congress changes the tax laws)

Ho, Ho, Ho, hoss. It's the most wonderful time of the year. The holidays and year-end tax moves are here! (Photo by Kay Bell of a scene at Marble Falls, Texas' annual Walkway of Lights along the lake) Hello, holidays! We're so happy you and your good cheer have finally arrived. Show More Summary

Social Security Admin lowers 2018 taxable wage base

Back in mid-October, the Social Security Administration (SSA) announced that the wage base, that's the amount of each worker's earnings that are subject to the Social Security portion of payroll withholding, would increase to $128,700. Show More Summary

Pong's success 45 years ago has led to today's digital taxes

Pong via Giphy Who knew 45 years ago today when Atari released Pong that the two-dimensional video version of table tennis would herald in a fascination and fixation with video games? Who also knew that those games would become a major...Show More Summary

9 ways to maximize your Giving Tuesday tax deduction

Feeling generous? Good. It's Giving Tuesday. This philanthropic effort, usually seen as #GivingTuesday on social media, began in 2012 as a counter to the frantic shopping on Black Friday, Small Business Saturday and Cyber Monday. Giving Tuesday's goal is to fight the commercialization and consumerism of Christmas and other end-of-year holidays. Show More Summary

7 online security steps to take this holiday season

Today is Cyber Monday, the first post-Thanksgiving weekday when millions of shoppers go online seeking holiday bargains. It's also the start of National Tax Security Awareness Week. For the next five days, the Internal Revenue Service will focus on ways to protect tax and financial data during this hectic holiday season. Show More Summary

Copyright © 2015 Regator, LLC