Or you hit your tax-free limit.
Or your credit card bursts into flames.
Or until your husband curls into a ball and refuses to go to the next store.
You get my point.
For many states this weekend, in order to boost back to school sales (which retailers claim are flagging),it’s a sales tax free weekend. Even for Massachusetts.
Taxpayer asks: My wife and I make a combined annual income in the ballpark of $270-280K/year. We work hard, and are saving for a home in order to start a family. I need someone to explain something to me …. I understand that Barak Obama’s proposed tax plan uses the $250K mark as the line…
If you hope to qualify for the Philadelphia tax amnesty program for delinquent real estate taxes, time is running out… Oops, I used the “a” word. City Solicitor Romulo L. Diaz wants to make it clear that this is not an “amnesty” program. Only it really is. The program, touted as a Conditional Forgiveness program,…
The Internal Revenue Service (IRS) has issued final regulations relating to section 1031 like-kind exchanges. 1031 Like-Kind Requirements We call them 1031 like-kind exchanges because the rules are found at section 1031 of the Tax Code (clever, I know). The provision allows you to defer tax on gain if – and it’s a big if…
It was a good Easter weekend for Stacy Knutson, a waitress at the Fryn’ Pan restaurant in Moorhead, Minnesota. Knutson was working a shift in November when a customer left a take out box on the table. Knutson tried to return the box to the customer but was told that she could keep it. When…
So following up on yesterday’s post about the proposed tax relief for debt cancellation related to foreclosures, I wonder, “Is it fair?” Today’s Fix the Tax Code Friday question is: Should Congress offer tax relief to those who are affected by the housing market (those in foreclosure)? Should Congress offset the lost revenue by limiting…
So what do you do if you’re in the midst of a high stakes budget battle? If you’re Sen. Jim DeMint (R-SC), you apparently walk away Sen. Jim DeMint has announced that he will resign from his Senate seat as of the end of the year. He has accepted a new position at the helm…
