Tax Law & Puppets? Stop The iPod Tax.
Here’s more about iPods and taxes… from a Canadian perspective… also from a puppet. Funky format to be sure. But really interesting points. Check it out!
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Ask The Taxgirl: Losses & Mortgage
Taxpayer asks: My mother in law has lost about 7000 in the past year with her stocks and bonds. She is thinking about taking them all out and paying off her mortgage. What kind of penalty will she pay and is there any additional IRS penalties that she is not aware of? Is there any…
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Cleaning Out My Inbox
It’s that time of year! I’m cleaning out my inbox – there are a lot of “ask the taxgirl” questions and I’ve been busy reporting tax news, as well as speaking engagements (whew). Look for a slew of “ask the taxgirl” posts this week. And if you have questions that you haven’t yet asked, don’t…
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What’s Your Favorite Charity?
We’ve been talking a lot about charitable orgs lately on Taxgirl.com – due in large part to a great session that I attended at BlogHer. This week, one of the bloggers on the business channel, Miki over at Leadership Turn, gave us the heads up on an organization called Any Soldier that helps provide care…
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“Spam King” Saga Reaches Sad Conclusion
The long saga of the notorious “Spam King” Edward Davidson ended on a sad note this weekend. The bodies of Davidson, his wife and young daughter were found in Davidson’ SUV, the result of an apparent murder-suicide. Federal authorities had been searching for Davidson since the beginning of the week when he literally walked away…
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School Days, School Days, Spend A Lot of Money Days: School Sales Tax Holidays On The Way
Earlier this week, I headed off to the store with school supply check list in hand. Boy, how things have changed since I was a kid. Tops on my list? Latex-free erasers. Pencils with latex-free erasers. Pencil sharpener together with Ziploc bag. The list went on and on. Shopping went pretty well until we hit…
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“Girls Gone Wild” Founder Claims Ignorance – Mmm, Yeah?
Joe Francis, the rich and troubled founder of Girls Gone Wild, has pleaded not guilty to two counts of federal tax evasion. He claims that he was the victim of a scheme by his accountant to profit from the IRS whistleblower program. The indictment alleges that Francis claimed over $20 million in phony business expenses…
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Flood Victims May Get Additional Tax Relief
Not a lot was done right after Hurricane Katrina but Congress did step in with some disaster relief that include tax breaks for victims and tax incentives for those to give to charities assisting victims. Congress passed similar legislation for victims of other disaster areas, including those who suffered through catastrophic hurricanes and tornados. Why…
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Disbarred Tax Attorney Keeps Suing… and Suing… And Suing
I’ve resisted blogging this before – but the lawsuits keep coming and it is practically impossible to ignore. It’s a story of a tax attorney gone bad, really bad. And while I don’t usually like to call attention to a colleague’s misery on the blog, this guy deserves it. Read on. James Colliton once worked…
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Chicago Struggles To Remain #1
Chicago has the highest sales tax in the country with its newest sales tax increase and surprisingly, folks aren’t happy about it. So the politicians did what they always did – they argued about it. And here’s where it gets complicated. County Board President Todd Stroger had instituted the ordinance that actually raised the tax,…