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Blog Profile / Don't Mess With Taxes

Filed Under:Business & Finance / Taxes
Posts on Regator:2139
Posts / Week:6.5
Archived Since:September 28, 2008

Blog Post Archive

Extended tax filers aren't automatic audit targets

I filed our 2013 federal tax return yesterday, a whole eight days before it was absolutely, positively due. But some of the 3 million or so filers (out of 13 million who filed for an extension back in April), will wait until Oct. 15 to send their 1040s to the Internal Revenue Service. Show More Summary

Tax extenders delay could delay 2015 filing season

Delayed tax filing is the new normal. Yeah, that phrase isn't as catchy as "Orange is the New Black." But the tax show that we keep seeing year after year is full of its own dramatics and is likely to have a longer run than any popular television (or online) program. Show More Summary

Don't overlook tax breaks in your rush to file by Oct. 15

Are you frantically trying to finish your 1040 by the Oct. 15 extended filing deadline? Yes, it is just a week away, so you need to get to work. But don't be in such a hurry that you miss out on some tax breaks. There are lots of ways to reduce your tax bill, as this week's Weekly Tax Tip highlights. Show More Summary

Gambling pays out a $38 billion bonus to tax collectors

Who would have bet that the volatile Yasiel Puig would be on the bench today when his Los Angeles Dodgers try to even up the National League Division Series against the St. Louis Cardinals? Some folks did. Literally. Popularity of betting,...Show More Summary

Signs of change for sports league tax exempt status

In a few hours, the San Francisco Giants will attempt to make it three Major League Baseball playoff series sweeps in a row. The Baltimore Orioles started it Sunday afternoon, taking the third straight game from the Detroit Tigers in their American League Division Series match-up. Show More Summary

How do states tax the cloud? There's no consensus...yet.

I just discovered that while I was at an out-of-town conference, the hubby went to a sports car race. On his own I must admit that I was a little hurt. Sports are a big part of our more than 30 years together. One of my best birthday presents ever from the hubby was Washington Capitals season tickets. Show More Summary

Estate gets $14 million tax refund on value of art

The hubby and I enjoy fine art. Most of our vacations include trips to museums. We even own a few original works by artists other than my grandmother, although I must say her work, like the Texas bluebonnet field below, is among my favorites. Show More Summary

Are tax deductions why Ben Bernanke is trying to refinance?

I finally finished up our 2013 tax return this week. Quick reminder to my fellow procrastinators: You've got to get your 1040 to the Internal Revenue Service by Oct. 15. One of the several reasons the hubby and I (OK, me alone, since taking care of our taxes is my job) put off filing each year is that our returns typically involve a lot of forms. Show More Summary

Tax moves to make during October 2014

Welcome to October! Or as I like to call it, TaxtoberFest, a month-long celebration of ways to deal with taxes. OK, maybe it's not as famous as the similarly named OktoberFest. But it could be much more lucrative if you make some smart tax moves to cut your taxes. Show More Summary

Could costly, but popular, tax breaks be axed in tax reform?

Remember the last election cycle when most of the campaign and Capitol Hill talk focused on the federal budget deficit? Now, however, with the Nov. 4 balloting day just about a month away, it's pretty much crickets when it comes to the deficit. Show More Summary

Tax evasion charges are never fashionable

Fashionistas are wrapping up a month of shows that have taken them from New York to London to Milan and now Paris. One big name designer, however, might not be paying as close attention as usual to the City of Lights catwalks this week. Show More Summary

UK's top financial officer kills 'death tax' on pensions

I've been keeping a close eye on the United Kingdom for the last week because the hubby was in Scotland covering the Ryder Cup international golf tournament. That event got a lot of attention, especially since it came on the heels of Scotland's vote to remain part of the UK. Show More Summary

Arizona smokers get tax bills for old online cigarette purchases

Smokers are an easy and popular target for state tax collectors. Whenever they want to raise some added revenue, they bump up the sales tax on cigarettes. That's why nicotine addicts are always looking for ways around their states' sin taxes. Show More Summary

Lying to your tax pro could result in a bad tax situation

Tax preparers have been under official scrutiny for more than a decade. Many folks, including a series of head honchos at the Internal Revenue Service, say that ill-prepared and unregulated tax professionals produce serious problems for Uncle Sam and taxpayers. Show More Summary

Sex toys to be auctioned to pay Kansas stores' tax debt

Kansas' rapidly diminishing state treasury is about to get a boost from an unlikely and decidedly adult source. The Sunflower State will be getting the money from the auction of thousands of adult novelty items, from lingerie to handcuffs to remote-controlled vibrating thongs. Show More Summary

Tax rebate checks going out to New Yorkers this fall

Taxes and politics are inextricably linked. Raising them, or even saying you might think about doing so, generally dooms campaigns. Lowering them, of course, is seen as a political plus. And actually giving people real tax money back goes a long way toward a ballot box win. Show More Summary

Amazon tax collection begins Oct. 1 in Maryland & Minnesota

Attention Amazon customers in Maryland a Minnesota. You might want to get your orders in now. On Oct. 1, those two states will bring to 23 the number in which the online retail giant collects sales taxes. Photo by MikeBlogs via Flickr...Show More Summary

French farmers ignite fiery tax, ag policy protest

I was a novice reporter back in February 1979 when thousands of American farmers converged on Washington, D.C. That 18-day tractorcade through messy winter weather produced not only global recognition of U.S. farming issues, but also an office for the organizing American Agriculture Movement in the nation's capital. Show More Summary

Identity theft tax refund fraud is increasing, but ways to prevent the crime are not likely to be popular

The good news is that in 2013 the Internal Revenue Service was able to stop $24.2 billion worth of fraudulent tax refunds. The bad news is that in that same year, the IRS still paid an estimated $5.2 billion in fraudulent identity theft refunds. Show More Summary

Getting old sucks. We can't stop Father Time, but we can prepare physically, emotionally and financially

I am a firm believer in the cliché adage truth that you're as young as you feel. Age is an artificial construct, devised by humans to set limits. I realize that sometimes age requirements are necessary -- driving, voting, drinking. Don't combine these dangerously! Personally, I don't celebrate birthdays. Show More Summary

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