Wesley Snipes will find out today whether he will spend time in prison for convictions on three misdemeanor counts of willfully failing to file taxes. Snipes was acquitted on other misdemeanor and felony charges by a jury in February. I am exactly sure what to expect for sentencing – I thought for sure he would…
Taxpayer asks: Hi– Was wondering if you could advise on what happens if a married couple has, say, a capital loss carryover, and the couple divorces. Do they just split the carryover down the middle? Can they negotiate the amount each takes? Does the carryover amount change with a filing status change? Taxgirl says: Divorce…
Today is Tax Freedom Day in the US – and unfortunately, it’s not as enticing as it sounds. Tax Freedom Day is the first day of the year when the country has earned enough to pay its taxes. The idea of Tax Freedom Day was developed in the US by a businessman named Dallas Hostetler….
The Texas Entertainment Association (TEA) has announced that adult cabarets (or as most people call them, strip clubs) received notification from the Texas Comptroller that the $5 stripper tax is due despite a court ruling that the tax is unconstitutional. A Texas judge had ordered that the, “Defendants are permanently enjoined from assessing or collecting…
To no one’s surprise (except Murphy’s counsel), the Supreme Court denied cert in Murphy v. IRS, 493 F.3d 170 (D.C. Cir. 7/3/07). Counsel for Ms. Murphy has indicated that the process has been political – you can read the press release here. You know that I’ve had my say about Murphy – read up if…
As you know, the Business Channel has been celebrating Take Our Daughters and Sons to Work Day all month – with a comment contest to solicit the best stories from our readers. You can see all of the entries from the finalists here (and learn about my pageant history). To vote for the best comment…
This entry was chosen as one of the best for the Business Channel “Take Your Sons and Daughters To Work Day” contest. Your comments will count as votes – the most commented post between now and April 30 wins! The commenter wins and the blogger wins. So comment away! What do you want to be?…
Last month, a delegate from Galveston County, Texas presented a proposal to the Republican National Convention to revoke tax exempt status for the Church of Scientology. Here is the Resolution: The Resolution Initiative for Texas Resolution Calling for the revocation of the Church of Scientology’s status as a Legitimate religion in the sate of Texas….
It’s 2004 all over again. A presidential candidate has released his own tax returns – but not that of his spouse. The GOP cries… ok? Yep. This week, Sen. John McCain and Republican presidential candidate released his 2007 tax returns – without information about his wife. Cindy McCain filed separately, something that they have continued…
My husband and I are both attorneys. We have often said that we don’t care what our children grow up to be… so long as they’re not attorneys or exotic dancers. And we’re willing to bend on exotic dancers. I fear we may lose that battle with our youngest daughter. She’s three (almost four) and…