Blog Profile / Don't Mess With Taxes

Filed Under:Business & Finance / Taxes
Posts on Regator:2187
Posts / Week:6.3
Archived Since:September 28, 2008

Blog Post Archive

Tax ID theft warning, 529 plan change deep-sixed

Busy week, busy weekend, so I'm cutting right to the chase as to last week at my other tax blog. The first topic was the growth of tax-related identity theft. As I note in the post, the best defense against someone using your tax data to file for a fake refund is to not fall for crooks seeking that data. Show More Summary

Is Belichick's coaching style like tax avoidance or tax evasion?

Taxes and sports are inextricably linked. There are the tax breaks for teams (and rich owners) who want to build or upgrade their facilities. There are taxes on the winnings collected by folks who bet on sporting events. Athletes and other team members face jock taxes. Show More Summary

Super Bowl XLIX prop bets are fun and taxable if you win

Super Bowl XLIX kickoff is just a few hours away, and bettors are going crazy. Yes, despite most major league sports officials acting all self-righteous about sports and betting, athletic games and games of chance have been intertwined for ages. Show More Summary

Get thee to a nunnery Super Bowl fans

Getting a ticket to the Super Bowl is just part of an NFL fan's ultimate quest. You also have to find an affordable place to stay. Good luck with that. Internet travel site TravelClick says average daily room rates this weekend have jumped by 89 percent, with occupancy levels running 68 percent higher than a year earlier. Show More Summary

Super Bowl bets, missing tax forms & more Daily Tax Tips fun

What do Super Bowl bets and missing tax forms have in common? They're all part of this week's Daily Tax Tips. Yes, the end of January is hectic for sports fans, particularly NFL aficionados or folks who love Super Bowl ads and halftime shows, as well as taxpayers. Show More Summary

No 'Romney 2016,' ending possible tax return revelations

Political wonks are distraught today. Mitt Romney will not seek the presidency in 2016. He told a small group of advisers of his decision in a conference call this morning. Tax geeks also are upset. No Romney run also means we won't get any further tax return revelations. Show More Summary

What would you pay for professional help in filing your taxes? National Society of Accountants says average charge for 2014 filing is $273

Tax software was supposed to put an end to the tax professional business. Right. Congress, unwittingly (insert your own joke) or not, has helped keep the tax preparer business alive by continually changing the tax code. And we're not talking just small tweaks. Show More Summary

Illinois shoppers to start paying state sales tax on Amazon purchases on Feb. 1; federal online tax bill still stalled

Attention Illinois online shoppers. You only have a few days left before Amazon starts tacking your state's 6.25 percent sales tax onto your purchases. This coming Sunday, Feb. 1, Illinois will become the 24th state in which the giant online retailer will collect sales tax. Show More Summary

New IRS form 1095-A among tax docs that are on their way

Around eight million individuals got health coverage in 2014 through an Affordable Care Act exchange. If you're among that group, pay attention to your mail in the coming weeks. You'll be getting a Form 1095-A in connection with your Obamacare coverage. Show More Summary

Don't become a tax identity theft victim IRS, TIGTA & FTC working to fight growing tax crime

The Federal Trade Commission gets more consumer complaints about identity theft than any other topic and tax identity theft has emerged as the largest subcategory. With tax-filing season underway, crooks are taking advantage of our desire...Show More Summary

Capital gains gain in income reporting, but tax hike unlikely

The 2015 tax filing season is underway and for most of us, that means detailing our wage income on our 1040s. While workers' pay still is the dominant type of income reported to the Internal Revenue Service, a recent Tax Policy Center analysis notes that wages and salaries have lost some of their dominant share over the past six decades. Show More Summary

TurboTax apologizes, offers $25 product refunds

If you used TurboTax Deluxe software last year, check your email box. The maker of the leading tax preparation software is sending you a message detailing how it wants to make things right in the wake of changes that will force some users to upgrade this filing season to a more expensive version. Show More Summary

Daily Tax Tips for the week of Jan. 19

We made it through the first official week of tax filing season 2015! A lot of folks were champing at the bit to get their 1040s to the Internal Revenue Service on Jan. 20's opening day. Good for them for being obsessive-compulsive so prepared. Show More Summary

IRS gets $1.3 million for Darryl Strawberry’s Mets annuity

Super Bowl XLIX is just 10 days away. On top of the normal National Football Championship game hoopla, we've also got Deflategate. The Internal Revenue Service, however, has had baseball on its mind. The reason? This week it pocketed a cool $1.3 million to cover former Mets outfielder Darryl Strawberry's tax debts. Show More Summary

Obama's 'won both' elections State of the Union quip, Republicans' many responses to the speech (and gibe)

Did you watch President Obama's sixth State of the Union address last night? If not, you can catch up today. There's the fast-forward version, the #SOTU (as it was tagged on social media) in a two-minute video courtesy Bloomberg TV. You also can read the prez's prepared speech. Show More Summary

Expect lots of tax talk in tonight's State of the Union address

It's Tuesday, but to borrow a phrase and concept popular on the Internet, it sure feels like Throwback Tax Thursday. The reason? The preview of the topics that President Obama plans to address in tonight's State of the Union Address includes some tax provisions that used to be in the Internal Revenue Code. Show More Summary

Tax filing season 2015 is here

Do you hear that? It's the rustle of tens of thousands of taxpayers sending in their 2014 tax returns. That's what must have awoken me at the unusually early, for me, hour of 6:20 a.m. That's OK. I understand the excitement. Tax filing season begins today, Jan. Show More Summary

Martin Luther King Jr. Day lessons via "Selma" & "Glory"

It's always been a challenge to teach kids history. They truly live in the moment. History is what happened to old people. But on Dr. Martin Luther King Jr. Day 2015, tens of thousands of young people have an opportunity to see and hear history. Show More Summary

Terrorism, not taxes, rank high on policy priorities survey

What the most important policy issue to you this year? According to a recent Pew Research Center survey, it's defense against terrorism. Seventy-six percent of those who responded to Pew's annual policy priorities poll named terrorism as their top concern. Show More Summary

No IRS help for tax pros on Saturdays or holidays in 2015

Remember the warning from the Internal Revenue Service that we taxpayers shouldn't expect much help from the agency this filing season? Budget cuts, said IRS Commissioner John Koskinen, mean fewer staff to answer phone callers questions. Show More Summary

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