Editors of the ABA Journal today announced they have selected taxgirl.com as one of the top 100 best law blogs by lawyers, for lawyers. This marks the third year that taxgirl has been nominated. And yes, while it’s an honor to be nominated, I’m not gonna lie: I would, of course, love your vote. You…
In recent years, the Irish have touted their low tax rates and other breaks as a lure for artists, musicians and corporations and have enjoyed a measure of success in attracting some pretty big players. Companies like Apple, Microsoft, Pfizer, Dell and Wyeth have flocked to the Emerald Isle to avoid paying higher tax rates…
According to retailers in Anderson, SC, more guns are sold in South Carolina in the weekend after Thanksgiving than at any other time of the year. No, it’s not that eating turkey at the holidays makes you want to run out and shoot up some more dinner. Or the thought of the Christmas loot coming…
Z Street, an organization “devoted to pro-Israel education” filed papers in federal court last week arguing that the Internal Revenue Service continues to engage in behavior which violates its Constitutional rights. The memorandum, which was filed in the US District Court for the Eastern Division of Pennsylvania, is technically “In Opposition to the Government’s Motion…
Today marks what is traditionally the busiest shopping day of the year in the US. The day after Thanksgiving is referred to as Black Friday because the volume of sales switches most stores from the red (in the hole) to the black (profitable). This year, holiday sales are expected to be the best in a…
Thanksgiving is an emotional holiday. People travel thousands of miles to be with people they only see once a year. And then discover once a year is way too often. – the late, great Johnny Carson We’re expecting 21 people over today for Thanksgiving dinner. Eight of those 21 are children and of them, all…
Warren Buffet tells Christiane Amanpour that the wealthy should pay a “lot more” in taxes in this clip from an upcoming interview on “This Week with Christiane Amanpour.” Buffet does, however, advocate cutting taxes for those in the lower brackets. In this clip, Buffet also references the Alan Simpson and Erskine Bowles plan which has…
There are 39 days left until the end of the year. That means you have just a little over a month to whittle down your taxable income. Sure, you could buy your entire staff a set of taxgirl mugs for the holidays – or you could make a nice charitable donation. It’s the “feel good”…
Tax experts in the UK are warning that Prince William may have triggered a significant capital gains tax by giving Kate Middleton the engagement ring he inherited from Princess Diana’s estate. The ring is said to be currently valued at about $400,000. According to the Daily Express, that value represents a significant increase from the…
Taxpayer asks: Dear Taxgirl: Do I have to file if I receive Alimony less than 8000 a year? and that is all I made? taxgirl says: The first part of your question is easy: you report alimony received on your federal income tax return no matter what the amount. There is no reporting threshold. The…