In consideration of the news that it’s costing us as much to promote and process the rebate checks as the combined Super Bowl advertising budget for the Patriots-Giants game, I’m launching a contest! Your challenge is to promote the economic stimulus plan via print, podcast or video. You can be as serious or as cheeky…
As talk of recession increases, I’m hearing more and more folks question the merits of higher education. I have to say, I completely understand where they are coming from… While it’s true that many jobs require a college education – or beyond (like law) – increasingly, you can find a decent job without a college…
As it turns out, the economic stimulus plan is costing us even more money than the $100 billion being mailed out “for free” to Americans. At least $200 million more. Here’s the scoop: The letter that was mailed to you that advises that you might be eligible for a refund cost the IRS $42 million….
Apparently, the IRS is trying to relate to the current generation. No, they’re not texting you – yet. But they are on YouTube. Here, Linda Stiff (acting IRS Commish – no jokes about her name) talks about rebate checks – apparently Alan Thicke was unavailable: (Hat Tip: TaxProf blog)
Lots of people like being right. But in the tax world, just like in other situations, being right isn’t always enough. A good friend recently asked me to review his tax return before he submitted it to the IRS. I did and I noticed something that I didn’t love – a huge refund (and I…
I went to the supermarket on yesterday to pick up some milk, strawberry cream cheese (my daughter’s current favorite) and orange juice. I left with more than $100 in groceries. Among the culprits that jacked up my prices. Yogurt – now more than $1 per serving (about 60 cents earlier in the year). Cereal –…
Taxpayer asks: If you owe the unemployment office 1500.00 of being over charged benefits do I still qualify for the check or do they keep my money? Taxgirl says: Unemployment is a state obligation unrelated to income tax. It is my understanding that your check can be reduced for federal or state income taxes or…
Democratic presidential candidate Barack Obama has released seven years of his tax individual returns this week. The Obama family reported income of $1.65 million in 2005 and nearly $1 million in 2006. During that same period, the family made $137,622 in charitable donations. Prior to 2005, the family seems to have a different financial picture….
Over the past ten years, the tax burden on wages has eased in most of the world’s industrial countries, according to the Organization for Economic Co-operation and Development (OECD). Those changes have benefited the lower and middle class, for the most part. Only, there some exceptions. The OECD pointed fingers at a small group of…
The IRS has announced that there are unclaimed refunds totaling approximately $1.2 billion for folks who failed to file a federal income tax return for 2004. However, due to the statute of limitations, in order to collect the money, 2004 federal income tax returns must be filed no later than April 15, 2008. Why would…