James Howell, a tech geek in the UK, made the painful realization that he had literally thrown away $9 million when he tossed out his computer hard drive. That hard drive stored 7,500 in bitcoins – an alternative currency that recently soared in value. But Howells’ folly is a good opportunity to talk casualty loss deduction: when can bad luck result in a tax deduction?
Read MoreMonth: November 2013
Could We Stop The Black Friday Madness By Taxing It?
What lures shoppers out on Thanksgiving and Black Friday? Is it the thrill of finding a bargain? What if those bargains weren’t quite so great? Is a national sales tax the solution to the perceived Black Friday shopping problem? And is it really even a problem?
Read MoreGoldieBlox Pulls Beastie Boys Song From Ad, Citing Adam Yauch’s Will
Days after filing court documents to keep their version of the Beastie Boys’ song, “Girls” in their commercial, Goldieblox has announced that they’re pulling the song from the ad. What’s driving the change? The company claims it’s out of respect for Adam Yauch’s request that his music not be used in advertising.
Read MoreThis Man’s Nuts: Plan To Sell Testicle For New Car Is Taxable
What would you give up for a new car? Would you sell a kidney? One man has made it clear that he would… and I ponder the tax consequences.
Read MoreChrysler Slows But Doesn’t Put Brakes On IPO Amid Questions Over Taxes
American based – but Italian owned – car manufacturer Chrysler was hoping to go public by the end of 2013. That’s now not likely to happen as questions about the company’s car issues are causing the company to slow the brakes.
Read MoreGoldieblox Asks Court To Bless ‘Girls’ Ad After Legal Threats From Beastie Boys
If you’ve found yourself humming along to that catchy song, “Girls” from the Goldieblox ad, you’re not alone: the video of their latest ad has gone viral with over 8 million views. The Beastie Boys, who penned the original version of the song are crying foul. Now, the courts have been asked to weigh in.
Read MoreNot Too Young, Not Too Old: Aaron Carter Hopes For Fresh Start Following Chapter 7 Bankruptcy Filing
Aaron Carter, little brother of the Backstreet Boys’ Nick Carter, burst onto the spotlight just over ten years ago. Today, facing more than $2 million in debt, he’s ready to put the past behind him and move on. At age 25, can he make a comeback?
Read MoreWhen Mom & Dad Move In: The ‘Granny-Flat Tax Exemption’ For The Sandwich Generation
What happens when you have to take care of your parents and your children? The “sandwich generation” is learning the hard way that it can take a toll, both emotionally and financially. Are there affordable options available? Florida may have the answer.
Read MoreIn Apparent Defiance Of Court Order, Fourth Largest Tax Biz In Country Preps For Sale
In a scathing 233 page ruling issued earlier this month, U.S. District Judge Timothy S. Black ordered Instant Tax Service (“ITS”), the fourth-largest tax preparation
Read MoreTax Revenues On Pace To Reach Record $3 Trillion In 2014
Tax revenues are on track to hit a historic $3 trillion in 2014. Why are tax revenues increasing? And what does it mean going forward?
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