I Am A Superior Being
Or so says Dick Solomon of NBC’s former “Third Rock” series. And then he had to go figure his taxes (as seen on YouTube)…
Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English.
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I Hear That Namibia Is Nice This Time of Year…
Officials have confirmed that Wesley Snipes, who has an arrest warrant pending in the United States for tax evasion, is currently filming a movie in Namibia (yes, of Angelina and Brad fame). He is reportedly filming a movie in the Namib desert, though the film company would not comment. There is no extradition treaty between…
Tax Trivia Giveaway #10: Presidential Terms & Taxes
Our next tax trivia question is: In honor of President’s Day, today’s trivia focuses on a little presidential and tax history… The top federal income tax rate for incomes of more than $200,000 was, at one point in our country’s history, a whopping 94%. Though that rate only lasted for two years, it spanned two…
President’s Day: Presidential Tax Moves #1
In honor of President’s Day, I thought it would be fun to try and match U.S. Presidents to their tax policies. For purposes of clarification, I am well aware that tax legislation is Congressional, not presidential, but the President sets the tone for policy and action, so that’s the framework we’re using for the tax…
Tax Trivia: No New Taxes
We have a winner! It’s Elizabeth! For the answer, see the comments! Our first tax trivia question for the giveaway is: George H.W. Bush uttered the phrase, “Read my lips: no new taxes” while speaking at the Republican National Convention in what city? Don’t forget: the first correct answer wins free CCH tax prep software….
Taxes From A To Z: L Is For Like-Kind Exchanges
These days, selling real estate doesn’t seem to make anyone happy. If there’s a loss (which is more often than not the case as of late), there’s a lot of grumbling. If there’s a gain, there’s a lot of complaining about the taxes due (especially if there was significant depreciation). It all feels so black…
11 Things Your Tax Pro Doesn’t Want To Hear This Month
It’s T minus 13 days until Tax Day and tax pros everywhere are scrambling to get returns prepared on time. It’s easy to get carried away since everyone is in a hurry. But slow down and think… Here are the top eleven things your tax pro doesn’t want to hear from you this month: 11….