Remember my post about Second Life? Forbes has an interesting look at the kinds of numbers that the company is generating. And by way of comparison from that old post in October, here are the numbers today: Total Residents: 2,835,296 Logged In Last 60 Days: 1,007,488 Online Now: 23,967 US$ Spent Last 24h: $1,063,827 LindeX…
The IRS announced last week that the Free File program for eligible taxpayers is now available. The program allows taxpayers with an Adjusted Gross Income (AGI) of $52,000 or less for the tax year 2006 to e-file their federal tax returns for free (and here you thought that nothing was free). This means that 70%…
Okay, it’s a really bad pun. But I couldn’t help it. You see, the latest federal tax evasion trial to make the news involves… a dentist. Yes, not necessarily the profession that you tend to associate with an individual who also has a history with the militia. Let’s face it, dentists have as exciting a…
As seen over on YouTube, this hard-hitting expose on Street Accountants is worth a peek (and hilarious, to boot):
I continue to receive a number of questions about withholding – it seems to be the most confusing of issues that directly affect individual taxpayers. So, today’s Fix the Tax Code Friday question is: Should we do away completely with the withholding system and allow taxpayers to pay quarterly or annually?
Dates matter. Well, they do in Pennsylvania. The latest flap over James Brown’s estate has taken yet another turn that apparently hinges on the interpretation of state law. James Brown’s attorney, Strom Thurmond, Jr., has acknowledged that James Brown’s will was signed in the year 2000 – before James’ child, James Jr., was born. The will was also…
The Hollywood awards season is in full swing. The Golden Globes kicked off the season on yesterday with designer duds making the news. The Associated Press Service wasn’t the only “service” watching – the IRS was likely watching, too. Why? The oft-touted gift bags. According to the IRS, an agreement has been reached with the Hollywood Foreign…
As Congress continues to ponder whether the federal estate tax makes any sense, the Citizens for Tax Justice weighs in with some IRS statistics. Consider this: In 2004, there were 2,429,024 Americans who died. Only 18,431 of those Americans were required to pay federal estate tax in 2005. If you’re keeping score, that’s .8% –…
Taxpayer asks: I just changed jobs and I don’t know how many exemptions to claim for withholding. Help! Taxgirl answers: This is one of those questions that is really fact-specific: it depends on your individual circumstances. That said, since I’m getting a fair number of questions about withholding, I’ll attempt to pass some general information…
Few can argue that our Social Security system doesn’t need fixing. Even fewer can agree on how to fix it. A number of alternatives have been suggested from shelving the entire system and starting from scratch to simply changing the investment schemes available. So, this is your chance to voice your opinion. Today’s Fix the Tax Code Friday question…
