Blog Profile / Don't Mess With Taxes


URL :http://dontmesswithtaxes.typepad.com/
Filed Under:Business & Finance / Taxes
Posts on Regator:2885
Posts / Week:6.6
Archived Since:September 28, 2008

Blog Post Archive

2017 inflation changes to popular tax credits, deductions

Welcome to Part 4 of the ol' blog's series on 2017 inflation adjustments. You can find links to all 2017 inflation posts in the first item: Income Tax Brackets and Rates. Today we look at changes to some popular credits and deductions. Show More Summary

IRS faces tax committee questions about $12 million spent on unusable email system

Democratic presidential nominee Hillary Clinton isn't the only person facing email questions. Republicans who head Congress' tax-writing committees want answers from IRS Commissioner John Koskinen over reports that Uncle Sam's tax enforcement and collection agency spent $12 million on an unusable email service. Show More Summary

61 indicted, 20 arrested in connection with India-based fake IRS agent tax scam calls

It's been a good week in fighting con artists who pose as Internal Revenue Service agents to steal taxpayers' money. First, the Better Business Bureau reported a dramatic reduction in the number of the tax scam calls in which crooks pretend to be IRS agents and demand immediate payment for nonexistent tax debts. Show More Summary

2017 inflation adjustments effects on tax deductions, exemptions and limitations

Welcome to Part 2 of the ol' blog's series on 2017 inflation adjustments, which kicked off yesterday with the tweaked income tax brackets and rates. Today we look at standard and itemized deductions, personal exemptions and limitations on these tax situations that apply to some wealthier taxpayers. Show More Summary

2017 tax rates, income brackets inflation adjustments

It's that special tax time of year, when the Internal Revenue Service releases its annual inflation adjustments for more than 50 tax provisions. For 2017, the total is 55 amounts changes, ranging from the widely used tax rate tablesShow More Summary

Fewer fake IRS agent scam calls following India's raids

Have you gotten one of those fake Internal Revenue Service agent collection calls lately? If not, you can thank Indian law enforcement agents. Does that "IRS agent" demanding money sound fishy? He's probably a tax scammer. Hang up! (Photo by rocketace via Flickr) Since Indian officials on Oct. Show More Summary

Amazon will begin collecting sales tax from Alabama shoppers on Nov. 1

Attention Alabama online shoppers. If you're planning to buy from Amazon, you'd better hit the shopping cart enter button soon. On Nov. 1, an 8 percent tax will be added to your purchases from the digital retail giant. Online sales tax collection is the Holy Grail for state revenue offices. Show More Summary

Sweden looks at taxes to reduce wasteful consumerism

Would a tax break be enough to change your shopping habits? One Scandinavian country is hoping to test that theory, and possibly permanently reshape consumers' attitudes, when it comes to many common household goods. Brian Beatty of Zen Cog Bicycle Company in Jacksonville, Florida, repairs a bike. Show More Summary

IRS collects $10 billion from 100,000 foreign accounts

While the two major party presidential candidates have focused on corporations' overseas tax strategies, the Internal Revenue Service has been keeping an eye on individual taxpayers and their offshore accounts. Regardless of whether you call them tax havens, tax shelters or offshore accounts, they all mean $$$ for the IRS. Show More Summary

N.J. man files toilet paper tax class action lawsuit

For the last five years, I've been regularly grocery shopping with my mother. She's a retiree on a fixed income, so much of our time is spent examining shelf prices, determining which size offers the best per-unit value and debatingShow More Summary

Clinton-Trump debate turns nasty after tax comment

And we're done. With the 2016 presidential debates, not the election. The debates were supposed to help us voters make an informed decision as to whether we want Democrat Hillary Clinton or Republican Donald Trump as our president for the next four years. Show More Summary

Presidential debate prop bets are 'bigly' business

The third and final presidential debate is tonight in Las Vegas, and it's a sure bet that most Americans will be delighted when this portion of the 2016 campaign is over. Donald Trump and Hillary Clinton will face off Oct. 19 on a stage at the University of Nevada, Las Vegas, with Fox News' Chris Wallace moderating. Show More Summary

Redskins Rule a good omen for Hillary Clinton But still hope for Donald Trump in World Series results & Halloween mask count

Forget all those disparate and confusing presidential election polls, online and more scientific. The Washington Redskins have decided who will be moving into the White House next year and the team has chosen Hillary Clinton. Washington...Show More Summary

IRS grants more tax relief for Hurricane Matthew filers in Florida, Georgia and North and South Carolina

With the Oct. 17 filing extension colliding with Hurricane Matthew's aftermath, the Internal Revenue Service today announced additional counties in which taxpayers affected by the storm will have more time to file. Federal EmergencyShow More Summary

Al Capone convicted of tax evasion on Oct. 17, 1931

Eighty-five years ago today -- Oct. 17, 1931 -- a federal jury in Chicago convicted gangster Al "Scarface" Capone of tax evasion. He was sentenced to 11 years in prison, ultimately ending up in fabled Alcatraz. Al Capone's U.S. Department of Justice mug shot, taken four months before his tax eviction conviction on Oct. Show More Summary

Here's a HINT about Donald Trump and other rich taxpayers who pay Uncle Sam nothing

I spent almost two decades working in Washington, D.C. I also have covered taxes for most of my writing career. So I love acronyms. That's why I'm jazzed that the current presidential campaign has highlighted a tax-related nickname for some rich taxpayers. Show More Summary

It looks like it's Vegas, baby, for the Oakland Raiders thanks to $750 million from taxpayers for new stadium

Sorry, Oakland Raiders fans, but it looks like you'll be losing your team again. And sorry, Nevada taxpayers, it looks like you'll be paying around $750 million to lure the National Football League team to Las Vegas. A shot of the famous Fabulous Las Vegas sign that I took on our last visit to Sin City. Show More Summary

8 tax things to think about as you rush to meet the extended Oct. 17 return filing deadline

It's almost here, the Oct. 17 tax extension filing deadline. Since the regular 15th due date is Saturday, procrastinating filers get a couple of extra days to do their tax jobs. Don't waste them. But also don't be in such a last-minute panic that you waste some valuable tax opportunities or mess up your return. Show More Summary

IRS payment of $27 million to frivolous tax return filers is no laughing matter

Many tax laws might be absurd, but overall, taxes are no laughing matter, especially when it comes to filers who use frivolous tax arguments. Some things crack up even Star Trek's usually stoic Data, but not frivolous tax arguments.Show More Summary

Oct. 17 is final filing deadline for most, but is extended further for folks in FL, LA, NC and WVA disaster areas

If earlier this year you asked the Internal Revenue Service for an extension to file your 2015 tax return, you're running out of time. That deadline is next Monday, Oct. 17. Unless you live in parts of Florida, Louisiana, North Carolina or West Virginia. Show More Summary

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