One couple, two pleas. In a day that had many on the Hill glued to their seats, former U.S. Rep. Jesse Jackson Jr. and his wife, former Chicago Alderman Sandra Stevens Jackson, both pleaded guilty to federal charges related to campaign fund abuse. At the start of the day, Jackson Jr. told U.S. District Robert…
You’ve prepped, organized and you’re finally ready to file your federal income taxes. That is, except for one tiny little problem: you may be staring down a tax obligation that’s a bit bigger than what’s in your bank account. What now? You have options but not all of them are equally good. Here are seven…
(Update: We have our winners!) Our second tax trivia question is: In honor of President’s Day, this question focuses on presidential tax returns. Since Richard Nixon, almost all of our U.S. Presidents (and most presidential candidates) have reported this specific kind of additional income on their tax returns. Since it’s occasional income for our Presidents,…
On December 14, 2012, my mom and I traveled to my son’s elementary school to watch his holiday show. He performed with the other kids in his first-grade class. They sang songs about Christmas and Hanukkah and even got in a little drumming. It was adorable. I kissed him goodbye, ruffled his hair, and left….
I love a good cruise story – even those gone bad. Gilligan’s Island? I’d totally live with those seven strangers (did anyone else find the Professor dreamy?). And the Titanic? Even when dying, Leonardo DiCaprio managed to make Kate Winslet swoon. Being shipwrecked or smacking into an iceberg at least makes a good romantic story….
I’ve been part of a military family ever since I was 14 years old. My older brother (now retired military) announced that he was following in his grandfather’s footsteps and joining the Navy when I was still in high school. My younger brother (career military) followed suit a few years later, making us officially a…
Opening your form W-2 can be traumatic for many folks but for one Tennessee man, it was enough to make him quit his job. Walter Slonopas, a maintenance worker at Contech Casting LLC in Clarksville, Tennessee wasn’t upset with the dollar figures on the form but rather the control numbers. The Form W-2 he received…
Mistakes happen. And sometimes, no matter how careful you are, those mistakes happen on a federal income tax return. You know what I’m talking about: a transposed number, a missed form, an overlooked schedule… Those are all innocent mistakes that can affect your federal income tax liability. While it’s tempting to fret over it, there’s…
The IRS has announced that extremely high traffic is causing the “Where’s My Refund?” tool to be unavailable for some taxpayers at times this season.
“Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over Philadelphia.” – Judith Viorst, children’s author and tax activist