Imagine for a moment that the top wage earners in the land were forced to throw their funds into a common pot that would be shaken up and redistributed to those less fortunate than themselves – a sort of a take from the rich and give to the poor scheme. No, it’s not a promo…
Well, one thing we know about Sanford (alrighty, two, if you count the whole cheating on his wife and lying about it bit) is that he keeps his word… to the legislature. The governor of South Carolina vetoed a bill yesterday that would have increased the cigarette tax in the state by 50 cents. The…
Taxpayer asks: I’m an independent contractor using 1099s. I have one w-4 for a small amount from 2009. I missed the tax deadline and did not file an extension. What kind of advice can I get? I live in CA but need some general direction. Taxgirl says: File. That’s my advice in a nutshell. One…
On Monday, President Obama announced Elena Kagan as his nominee to the US Supreme Court to fill the spot soon to be vacated by Justice John Paul Stevens. Stevens, the fourth longest serving Justice in the Supreme Court, has served during the terms of seven presidents (Gerald Ford, Jimmy Carter, Ronald Reagan, George H. W….
No, really, they do. The IRS has announced that it is accepting applications for new members for the Internal Revenue Service Advisory Council (IRSAC). According to the IRS’ press release, the purpose of the council is to provide “a forum for IRS officials to discuss key areas of tax administration with a broad range of…
When I was a little kid, a few of my friends – each of whom had lessons in voice and dance – started talking about pageants. Yes, as in beauty pageants. It sounded cool and I decided that it was for me, so I insisted that my parents sign me up immediately. My mom, who…
Even with a projected $1 billion budget gap looming, there are some items in South Carolina that are apparently “off the table” when it comes to taxation. Chief among them? Cigarettes. South Carolina enjoys the lowest cigarette tax in the country at a paltry 7 cents per pack. Nope, that’s not a typo: 7 cents….
This week, the internet is abuzz about a provision included in The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act that expands reporting requirements related to forms 1099. As per usual, there’s some good information out there and some bad… Let’s see if we can’t sift through it. The…
I’ve received lots of interest in my tax amnesty piece from yesterday, mostly in the form of emails. The majority of questions and comments about the piece came from those of you who live outside of the state of Pennsylvania and who wanted to know about the commercial. As it turns out, it’s available on…
Okay, the press has me officially riled up – well, the press and Governor Rendell (D-PA). Suddenly, the tax amnesty program has everyone all fired up about scofflaws. Yep, everywhere you look – even on the amnesty ads – tax officials and the media are painting tax delinquents with a broad brush, labeling them as…