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Blog Profile / Don't Mess With Taxes

Filed Under:Business & Finance / Taxes
Posts on Regator:2066
Posts / Week:6.4
Archived Since:September 28, 2008

Blog Post Archive

Congress OKs Highway Trust Fund money for a few months

Your highway tax dollars are back at work, at least through May 2015. The Senate approved a stopgap $11 billion transportation bill last night after that chamber decided not to fight with the House on the eve of Congress' annual summer break. Show More Summary

Seersucker Day returns to Capitol Hill, but lawmakers can't deduct their special summer duds

Senators are taking a shot at fashion bipartisanship today. After a two-year absence, Seersucker Thursday returned to the upper chamber. The official Senate Seersucker Thursday photo in 2006, courtesy U.S. Senate. This afternoon, Senators...Show More Summary

12 states kick off August 2014 with sales tax holidays

A dozen states welcome August with sales tax holidays. Three more will hold similar events deeper into the month. Massachusetts lawmakers are still pondering exactly when in August their shoppers will get some tax savings. It's the usual sales tax holiday suspects. Show More Summary

Frisbee and other creative day camps can cut taxes

I know I alluded to kids and day camp not too long ago when our driveway was ground zero for the neighborhood skateboarders' personal X Games. But in clearing out the way too many photos on my phone, I ran across this snapshot of a day camp flyer on the local coffee shop's bulletin board and I couldn't resist. Show More Summary

Airlines win House battle over ticket tax transparency

The summer started with a Congressional effort to make it easier for travelers to see just how much taxes add to airline ticket costs. Now Congress is wrapping up the season -- at least as far as it's concerned since it takes the month of August off -- by giving in to the airlines. Show More Summary

Defense Department workers, some with top security clearance, owed $730 million in back federal taxes

The raw numbers are bad enough. Approximately 83,000 Department of Defense (DOD) employees and contractors had unpaid federal tax debt totaling more than $730 million as of June 30, 2012, according to a just-released General Accountability Office report. Show More Summary

$16 million in tax breaks ensure CBS' Late Show stays in NYC

$16 million. That's how much in tax breaks CBS is eligible for by keeping The Late Show in the Big Apple. The bulk of the money is $11 million in tax credits over five years. Then there's another $5 million in grants from Empire State...Show More Summary

Will the Highway Trust Fund be refilled before it runs dry?

The Senate is expected to vote next week on a bill to refill the funding tank that fuels the nation's highway and mass-transit projects. The Highway Trust Fund essentially covers all federal highway and bridge projects. U.S. Transportation Department officials have been warning for months that the fund will run dry, possibly as soon as August. Show More Summary

Obama says corporate tax inversions are 'gaming the system'

The debate on the use offshore tax havens has been heating up. On the individual side, the Internal Revenue Service on July 1 got a new tool, the Foreign Account Tax Compliance Act (FATCA), to track down international accounts the tax man says are used to avoid paying Uncle Sam his due. Show More Summary

Mississippi kicks off the 2014 sales tax holiday season

Mississippi gets a lot of grief for being at the bottom of some national lists. But when it comes to the annual spate of sales tax holidays, the Magnolia State takes the lead. Mississippi's annual sales tax holiday is this Friday, July 25, and Saturday, July 26. Show More Summary

Fake applications for subsidized Obamacare coverage approved in GAO sting operation

On the heels of the conflicting Obamacare tax subsidy rulings by two federal appeals courts, we today had Affordable Care Act (ACA) part 2: A look into "the integrity of the administration" of the health care program's premium tax credit. Show More Summary

D.C., Virginia federal appeals courts hand down opposing rulings on Obamacare health exchange tax subsidies

"You don't need a fancy legal degree to understand that Congress intended for every eligible American to have access to tax credits that would lower their health care costs regardless of whether it was state officials or federal officials who are running the marketplace. Show More Summary

RMD rollovers to IRAs, extended donation deadline among charitable giving tax breaks approved by House

And the bit-by-bit approval of expired tax extenders continues in the House. Representatives last week approved five charitable giving tax provisions, three of which expired at the end of 2013. The expired tax laws, part of 55 provisions...Show More Summary

KISS' Gene Simmons' tax tongue wagging is off base

KISS sure knows something about putting on a good rock and roll show, but apparently the band's bassist Gene Simmons doesn't know quite enough about taxes. In a July 4 interview with the San Diego Union-Tribune, Simmons wagged his famous tongue about, among other things, the joys of being wealthy. Show More Summary

Florida, Illinois pizza patrons sue Papa John's over collection of sales tax on delivery charges

The hubby and I prefer take-and-bake pizzas to the done-and-delivered variety. While that means one of us has to go pick up our pies, it also means we don't have to worry at all about taxes on delivery charges. Those extra tax amounts are the basis for two lawsuits, one in Florida and another in Illinois, against Papa John's pizza. Show More Summary

Philadelphia loses effort to collect $1.5 million from strip clubs

Patrons of Club Risqué, Cheerleaders and Delilah's or any other adults-only clubs in Philadelphia won't have to pay added taxes for semi-private dances performed at the entertainment spots. That's the word from Pennsylvania Common Pleas...Show More Summary

Banks get OK from U.S. House to work with marijuana sellers

It's tough being a small business owner. It's especially tough when no financial institution will handle your accounts or provide you with loans. That's the situation with which dealers in legal marijuana nationwide have been coping....Show More Summary

Tax preparer oversight goes to court again: AICPA vs. IRS

The current filing season isn't officially over until the Oct. 15 extension deadline, but a legal battle over paid tax preparers who will file returns in 2015 is already heating up. As is fitting for anything related to tax, things are complicated and messy. Show More Summary

Summer jobs for kids could mean taxes for kids

Every summer our neighborhood newsletter looks like a mini Craig's List. All the kids are looking to make some money. A day every father dreams of courtesy woodleywonderworks via Flickr CC We have teens and preteens wanting to walk dogs,...Show More Summary

Minnesota's jock tax to get boost from MLB All-Star Game

The debate among hardcore sports fans and the occasional and newbies that teams always want to attract is whether what we watch on the field (or arena or track) is a competition or entertainment. Realistically, it's a combination of both. Show More Summary

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