Blog Profile / Don't Mess With Taxes


URL :http://dontmesswithtaxes.typepad.com/
Filed Under:Business & Finance / Taxes
Posts on Regator:3169
Posts / Week:6.6
Archived Since:September 28, 2008

Blog Post Archive

Comic-Con favorite Marvel Studios gets California tax break

Tom Hiddleston as Loki, left, and Chris Hemsworth as Thor prepare to take down some bad guys in "Thor: Ragnarok." That movie, coming to a theater near you in November, was one of the many Marvel Studios productions that got the lion's share of attention at Comic-Con 2017. Show More Summary

Treasury cites 8 burdensome tax regs that might be axed

On the presidential campaign trail, Donald J. Trump promised to end many federal agency regulations. It's one pledge he's delivered. The day he moved into the White House, Trump's chief of staff issued an memo to agency heads calling...Show More Summary

Kentucky sinks Ark Park's millions in tax breaks

Ark Encounter's replica of the vessel used in the Biblical tale of Noah and the flood is the largest timber frame structure in the world, according to the Kentucky theme park's website. It is 510 feet long, 85 feet wide and 51 feet high. Show More Summary

State sales tax holiday season begins today!

Alabama kicks off the annual back-to-school sales tax holiday 2017 season today, July 21. Mississippi's and Tennessee's weekend events also are at the end this month. But the 13 other summer sales tax savings periods aren't until August. Show More Summary

Colorado has collected more than half a billion in pot taxes

Some type of marijuana use is legal in more than half of the United States. State and local coffers get associated pot taxes, but that could stop if the feds start cracking down on what is still an illegal drug in Uncle Sam's eyes. (Photo courtesy GreenerCulture.com) U.S. Show More Summary

Adoption tax breaks help cover costs of adding to your family

If you've been paying attention to Donald Trump Jr.'s meeting with some Russians last summer, you know the White House has given two reasons for the get-together. The explanation that caught my tax eye was that the group talked about adoptions. Show More Summary

Airbnb collecting occupancy taxes for more of its clients

Your decision to stay in a private home or a traditional lodging option depends on lots of things, including the accommodations' costs that often have added occupancy taxes. (Image courtesy Reunion Vacation Homes) Are you booking your summer vacation stay via Airbnb? You might want to budget a bit more for lodging taxes. Show More Summary

Tax filing emojis to consider on World Emoji Day

Happy World Emoji Day! It's held on July 17 each year as a way to promote the use emojis — like we need to do that! — and, according to Emojipedia (really!), spread the enjoyment that the colorful icons bring. The enjoyment goal got me thinking of how emojis might make one of our worse tasks more pleasant. Show More Summary

Tax fights continue nationwide over Trump golf clubs' values

The spectacular hole 13 waterfall at Trump National Golf Club in Westchester, New York, is one of the things that makes the property so valuable. But Donald Trump's attorneys say that property appraisers have set the price too high, at least when it comes to the value that determines the course's annual real estate tax bill. Show More Summary

Rapper DMX accused of cheating IRS out of $1.7 million

Honestly, rich people. You can afford to hire good tax advisers and accountants. Why don't you?!? That's the question I ask every time another celebrity gets in trouble with the Internal Revenue Service. Last week it was boxer Floyd Mayweather Jr. Show More Summary

IRS civil asset forfeiture rules would be tightened by Ways and Means approved RESPECT Act

There are lots of reasons to dislike the Internal Revenue Service, but the House Ways and Means Committee took a step this week to eliminate one of them. The tax-writing panel on July 13 unanimously passed a bill that officially makes it harder for the IRS to seize assets under civil asset forfeiture policies. Show More Summary

California couple must repay almost $13,000 in Obamacare advance premium tax credits

Shawn Campbell via Flickr Creative Commons As the health care battle on Capitol Hill continues, there's one thing upon which both side can agree. The Affordable Care Act is not perfect. No piece of legislation is. Just ask Republicans trying to craft a replacement for Obamacare, as the seven-year-old health care law is known. Show More Summary

IRS to seek stay in PTIN fee collection court ruling while it ponders its additional legal options

Paid tax return preparers must sign their clients' 1040 forms and include their IRS-issued professional ID number. The IRS lost a court case to charge a fee for the identifiers, known as PTINs, but is seeking a stay of that order pending possible appeal of the case. Show More Summary

Millennials' participation in tax-favored workplace retirement plans improves, but still lags other generations

Every financial adviser recommends that we all keep close eyes on our retirement plans, either by reallocating our investments or contributing more money throughout the year. Just last week, in fact, I put contribute to your retirement account on my list of 6 tax moves to make in July. Show More Summary

Amazon Prime Day and Washington's new marketplace, tattle-tale law shine spotlight on online sales tax collection

As Amazon offers taxable deals on Prime Day tomorrow, Washington online shoppers — and marketplace sellers — are facing a new tattle-tale sales tax law. Most online shoppers are paying attention to Amazon's upcoming third annual Prime Day specials. Show More Summary

Mayweather files suit against IRS to avoid tax bill KO

Undefeated boxing champ Floyd Mayweather Jr. is trying to avoid a knockout from the Internal Revenue Service. Mayweather still owes the federal tax collector for his 2015 taxes. That year, Mayweather reportedly earned as much as $230 million for besting Manny Pacquiao in the heavily promoted Fight of the Century. Show More Summary

Millennials' health care preferences are likely to shape any Obamacare rewrite

The Senate will get back to work next week crafting an Obamacare repeal-and-replace measure, an already difficult task made more problematic by the messages lawmakers got from their constituents over the July 4th holiday. There are many reasons, both political and practical, that devising a health care system for all of America is so complicated. Show More Summary

House bill would expand student loan interest tax deduction

The cost of college continues to simmer as an educational policy and legal issue, particularly when it comes to higher student loans. Democratic attorneys general from 18 states and the District of Columbia on July 6 filed a lawsuitShow More Summary

What's your state's top combined state/local sales tax rate?

Do your summer plans include doing a little shopping, either at home or while on vacation? Then you need to know the maximum sales tax tax rate you might face, especially if you're trying to stick to a budget. Some states and municipalities operate on a fiscal year that kicks in on July 1. Show More Summary

6 mid-year tax moves to make this July

It's officially summer. Time for fun at the beach. And fun making mid-year tax moves. Happy July 5th, the start of midyear tax planning. With six months left in the tax year, it's the perfect time to make some tax moves that could reduce your 2017 tax bill. Show More Summary

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