Blog Profile / Don't Mess With Taxes

Filed Under:Business & Finance / Taxes
Posts on Regator:3276
Posts / Week:6.6
Archived Since:September 28, 2008

Blog Post Archive

Lawmakers seek IRS property tax deduction clarification

Are you still waiting to file your taxes because you want additional guidance from the Internal Revenue Service about the 2018 property taxes you prepaid last year? You are not alone. A group of Democratic lawmakers, some of who metShow More Summary

IRS revises 2018 inflation changes to follow newly enacted Tax Cuts and Jobs Act provisions

Yes, you did read my 10-part 2018 tax year inflation adjustments series last year. Thank you. Then Congress and the prez went and changed the laws, meaning the adjustments had to be adjusted. Here are some of the key inflation changes...Show More Summary

Oscars' box-office bump helps increase tax revenue, too

Many of us used to spend Saturday afternoons at the movies. Streaming and on demand options have cut into those ticket sales, but Oscar nominations and wins still boost ticket sales and the taxes collected on those admission slips. (Photo from Keith Page archives via Kevin Dooley on Flickr) It's an honor to win an Oscar. Show More Summary

It's Oscars swag bag and tax time again

Hooray for Hollywood! Filmmaking's elite gather Sunday, March 4, for presentation of the 90th Oscars. The gold-plated statuettes will be given to winners in 24 categories, but many more Academy Awards attendees will take home goodies. Show More Summary

NY leads Oscars with 9 nominated films that got Empire State tax breaks

Will you be watching the Academy Awards this Sunday, March 4? You might want to since, depending on where you live, you helped pay for some of the Oscar-nominated movies. New Yorkers have the most at stake, both financially and in connection with the gold statuettes. Show More Summary

Arizona and Georgia consider accepting bitcoin as payment for state taxes

Lawmakers in Arizona and Georgia think their residents don't have enough ways to pay their state taxes. To remedy that, they've introduced bills that would cryptocurrency payments. While fans of bitcoin and the myriad other digital assets may applaud the idea, they also need to note the downside. Show More Summary

Where's the rest of your tax refund? Being used to pay delinquent federal and state debts

The Internal Revenue Service announced today that it has begun releasing refunds for taxpayers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit. Many of these refunds should arrive in bank accounts or on debit cards this week, according to the IRS. Show More Summary

How companies have or plan to share their tax cut wealth

Shortly after the Tax Cuts and Jobs Act (TCJA) was signed into law on Dec. 22, 2017, the Republican lawmakers who wrote and fast-tracked it into law pointed to the measure's immediate effects. The most immediate indicator was the many companies that gave their workers year-end bonuses. Show More Summary

Buffett's Berkshire gets $29 billion boost from GOP tax bill

Warren Buffett, chairman of Berkshire Hathaway, meets with President Barack Obama in the Oval Office. Did this July 18, 2011, conversation lead to Obama's proposed Buffett Rule, a surtax on millionaires? (Official White House Photo by...Show More Summary

Alabama kicks off 2018's hurricane sales tax holidays

Here in Central Texas, many of us have been complaining (guilty!) about the dreary patch of weather that's settled over the area. Yes, we can be whiny, especially when you look at really severe conditions elsewhere in the United States. Show More Summary

Make sure you call the correct IRS phone help line

Image courtesy SimpsonsWorld via The Tuesday after Presidents Day generally is the busiest day of the year for calls to the Internal Revenue Service's toll-free help line. That also means that callers find themselves on hold. Show More Summary

IRS now accepting returns claiming 3 renewed tax extenders

If you've been wondering when you can take advantage on your 2017 tax return of a recently renewed tax extender, your wait could be over. The IRS announced today, Feb. 22, that it's now ready to process returns claiming three recently...Show More Summary

Combat-injured vets due refunds of wrongly collected taxes

U.S. Navy photo by Mass Communication Specialist 1st Class Patrick Gordon With identity theft and refund fraud being so ubiquitous, folks might understandably think an unexpected tax refund notice is a scam. This time though, it's real for more than 133,000 U.S. Show More Summary

5 (for now) pet-related tax breaks

My mother and my furry little brother having a conversation. Mum doesn't care that today is Love Your Pet Day. She celebrates it every day, much to her very spoiled dog's delight. (Photo by Kay Bell) Today, Feb. 20, is Love Your Pet Day, which has its own trending hashtag on Twitter (here's my contribution). Show More Summary

Presidential taxes, personal & for us all, on Presidents Day

George H.W. Bush, Barack Obama, George W. Bush, Bill Clinton and Jimmy Carter, got together in the Oval Office in 2009. The five living U.S. presidents are part of an exclusive club. They also are part of the reason for today's Presidents Day celebration. Show More Summary

Know, and make sure IRS follows, the Taxpayer Bill of Rights

Most taxpayers now are focusing on completing their annual tax returns. But if we have to deal with the Internal Revenue Service to finish that Form 1040, or if the agency subsequently has some questions about it, Uncle Sam's tax collector wants us to know we have some inalienable tax rights. Show More Summary

Mail thief gets roaches instead of tax refund, filing data

You open the package expecting, well you don't know what, but probably not 500 cockroaches. That, however, is what happened to a mail thief. Crooks will steal just about anything. And criminals who focus on U.S. Post Office boxes tend to increase their activity around this time every year. Show More Summary

Where's your refund? Still in the works for ACTC, EITC filers

Princess Bride impatience via Mid-February is finally here, the time when the Internal Revenue Service can finally issue refunds to taxpayers who had claimed the Additional Child Tax Credit (ACTC) and/or the Earned Income Tax Credit (EITC). Show More Summary

Getting IRS tax help gets a bit more complicated

Beavis (sans Butt-head) offers callers, uh, help? (Image via Looking for tax filing help from the Internal Revenue Service? Prepare beforehand. Tax identity theft concerns mean you'll have to prove to the IRS that you are you if you call the agency's tax hotline. Show More Summary

Marriage penalties & bonuses remain under new tax laws

I hope she said yes! (Photo by Matt via Flickr) Valentine's Day has become one of the most popular days of the year to propose. If you're anticipating popping or answering the big question at an intimate romantic dinner tonight, taxes likely won't be on your mind. Show More Summary

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