Blog Profile / Don't Mess With Taxes

Filed Under:Business & Finance / Taxes
Posts on Regator:2199
Posts / Week:6.5
Archived Since:September 28, 2008

Blog Post Archive

Attention older IRA owners, your RMD is due by Dec. 31

For the last few years, my mother has lived just up the road from me. So not only do I get to see her more often, I've also become well-acquainted with the issues that are important as we age Among the tax-related concerns of older folks...Show More Summary

IRS holding millions of dollars in frozen taxpayer accounts

The 2015 filing season is less than two months away (we hope!), but the Internal Revenue Service still is holding on to taxpayer cash from previous years. A lot of cash. A Treasury Inspector General for Tax Administration (TIGTA) report...Show More Summary

What will the 12 Days of Christmas cost you in 2014?

The hubby and I performed our annual holiday ritual today. We bought some toys for Austin area kids who might otherwise find no presents under their Christmas trees on Dec. 25. Our December contributions are to the Blue Santa program, which partners with several local businesses to raise money and collect the toy donations. Show More Summary

Taxpayers, IRS await Senate action on 2014's tax extenders

After running into a probable veto wall, the House on Wednesday evening, Dec. 3, decided to just deal with the 2014 tax year. By a 378-to-46 margin, Representatives approved (as I noted over at Bankrate Taxes Blog) around 55 tax provisions retroactively for the 2014 tax year. Show More Summary

NYC's high cigarette tax blamed for Eric Garner's death

The New York City police restraint that led to the death of Eric Garner got the tax world's attention immediately after the tragedy. Officers confronted Garner because he was selling loose, untaxed cigarettes. Now a potential 2016 presidential candidate is citing the tax connection. Show More Summary

Spend down your flexible spending account by Dec. 31Grace period, rollovers help, but some still call for end to FSA OTC limits

December brings a special kind of crazy. There's shopping, travel, more shopping, tax moves to make, family and friend get-togethers, extra cooking, even more shopping and illness. Yeah, folks tend to get sick over the holidays. Maybe it's because of that guy coughing in the aisle behind you on your flight home. Show More Summary

Tax extenders compromise: OK expired breaks for 2014 only

In an effort to get out of town before Christmas and mollify taxpayers, the Internal Revenue Service and the White House, Congress reportedly is looking at splitting tax extender consideration. The latest proposal under discussion is approving most of the expired tax breaks, essentially the Senate's EXPIRE Act, retroactively for the 2014 tax year. Show More Summary

December to-do list: shopping, family visits and tax tasks

Ho! Ho! Ho! Holy Moly! It's December already! The song is wrong, or at least incomplete. It may well be the most wonderful time of the year, but it's also the busiest. I don't know about you, but busy and wonderful isn't always (or usually) a good convergence. Show More Summary

IRS' positive public perception picking up a bit

The Internal Revenue Service's problems are far from over. The Treasury Inspector General for Tax Administration (TIGTA) is poring over some recently recovered emails to/from Lois Lerner that could (or could not) shed light on the agency's bungled 501(c)(4) nonprofit application review process. Show More Summary

Thanks for Thanksgiving movies and some movie tax breaks

It's day three -- or more for some -- of the Thanksgiving holiday. Are you tired of your relatives yet? No judging here. The hubby and I tend to do our families and ourselves a favor and celebrate holidays on our own or show up for the big day only. Show More Summary

Factor sales and use taxes into your holiday shopping budget

Do you factor taxes into your shopping budget? You should. If you live in a high sales tax state, it could make a big difference. The tax costs of shopping are of particular concern as the holiday shopping season has arrived. Many stores opened on Thanksgiving Thursday. Show More Summary

Thanksgiving's roundabout, but real, income tax connection

President Abraham Lincoln is famous for so many wonderful, impressive, inspiring actions and words. He gave us stirring arguments in the Lincoln-Douglas debates in his unsuccessful quest to unseat U.S. Senator Stephen Douglas. But the campaign battle laid the foundation for his eventual political triumphs. Show More Summary

Lame duck extenders deal turns into a tax turkey

Just when it looked like things were going so well with the tax extenders negotiations, the Washington we all know (and some love) reared its political head. The more than 50 tax breaks that expired at the end of 2013 are likely to stay dead. Show More Summary

Are taxes why Kung Fu Panda left San Francisco for Boston?

Major League Baseball fans on opposite sides of the United States are going to have very different Thanksgivings this year. In Boston, Red Sox Nation is very thankful for their team's signing this week of two of the sport's biggest free agents, third baseman Pablo "Kung Fu Panda" Sandoval and shortstop Hanley Ramirez. Show More Summary

Congress fighting over which business and individual tax extenders to make permanent

Apparently a lot of folks are not happy about proposals to extend the 55 or so tax breaks that expired at the end of 2013. Actually, that's good news. It at least means that people are talking taxes. The big issue is whether to do away...Show More Summary

Tax crimes, in the U.S. and internationally

It was global tax crime time last week at my other tax blog. In Russia, one of the contractors who helped get Sochi ready for the last Winter Olympics is facing tax evasion charges. Oleg Shishov, CEO of the building firm Mostovik, is...Show More Summary

Possible break in hunt for Lois Lerner's lost IRS emailsBut don't get too excited; there's no guarantee of a smoking gun email

Things have been pretty quiet of late in the Congressional crusade against the Internal Revenue Service, so you can't be blamed for thinking that the tax agency was off the hook for its ham-handed handling all around of 501(c)(4) applications. Show More Summary

Inflation affects state taxes, too

The Internal Revenue Service recently released its figures on how inflation will affect many federal tax provisions in 2015. But the cost of living also affects states. And these jurisdictions' tax departments deal with annual price increases in different ways. Show More Summary

House files Obamacare lawsuit against Obama Administration

Looking for a hint as to how the new Republican controlled Congress will work with the Democratic president for the next two years? We got an answer to today: Not very well. Republican House leaders finally filed the long-threatened lawsuit against the Obama Administration. Show More Summary

Oregon cities want part of the recreational pot tax jackpot

Oregon voters on Nov. 4 approved use of small amounts of recreational marijuana in their state. The fight over taxing weed, however, continues. The ballot initiative that passed by a 56-to-44-percent margin specifically gave the state the exclusive right to tax marijuana. Show More Summary

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