More than 3.3 million barrels of oil have now spilled into the Gulf as a result of the BP spill. To put that into perspective, the entire Exxon Valdez spill dumped a mere 257,000 barrels into the sea. There is no doubt that the fall-out from this spill, both environmentally and fiscally, will be significant….
LeBron James is a wanted man. Just after the first day of the NBA free-agent signing period, at least six teams (including his current team, the Cleveland Cavaliers) want a sit down to discuss a deal. Of course, you and I both know that the Cavs don’t have a chance. Despite being able to offer…
Alrighty, this one was tough. I had some amazing entries in the contest to rename HR 4213. You can read them all here. Choosing a winner was not easy. A lot of thoughtfulness and wit went into the entries but in the end (drumroll, please), I opted for: Charlie. I loved the backstory. Congrats, Charlie,…
The homebuyer tax credit has been extended. Homebuyers now have until September 30, 2010, to close on their purchases after a late night deal passed by the Senate. The bill now goes to President Obama who is expected to sign it into law. An extension had been proposed months ago but the measure failed to…
The homebuyer tax credit has been extended. Homebuyers now have until September 30, 2010, to close on their purchases after a late-night deal passed by the Senate. The bill now goes to President Obama who is expected to sign it into law. An extension had been proposed months ago but the measure failed to be…
Last week, Vice President Joe Biden was in Milwaukee when he stopped in at Kopp’s Frozen Custard (not ice cream!) for a quick bite. After getting a cone, the vice president asked, “What do we owe ya?” The store manager replied, “Don’t worry, it’s on us. Lower our taxes and we’ll call it even.” Biden’s…
Despite some pretty serious lobbying efforts by realtors, banks, lenders and goodness knows who else, it looks like the homebuyer’s credit may not be extended. The credit was set to expire tomorrow. In other words, to qualify for the tax credit, homebuyers had to close by June 30, 2010. For one reason or another, that…
Rapper Method Man of the Wu-Tang Clan has pleaded guilty to tax evasion charges. The plea follows Method Man’s October arrest on felony charges of evading New York personal income tax. Method Man, whose real name is Clifford Smith, was accused of failing to pay income and personal taxes to the state of New York…
I recently received an email taxgirl.com was given a nod as one of the Top 100 Accounting Advice Blogs. Thanks very much!
Oh media, stop trying to create drama where there is none… Days after the IRS confirmed that some compensatory payments to victims of the Gulf Spill are taxable, the news is filled with sensational headlines implying that this is some kind of evil money grab by the government. Shame on those reporters. What’s happening in…