It’s Fix The Tax Code Friday! This week’s question: Earlier in the week, following the elections, Nancy Pelosi indicated that she would make it a priority to scale back tax cuts for higher income taxpayers and distribute those to middle class taxpayers. If you were making the cuts, would you opt for cuts across the…
Nobody wants a partisan tax blogger. It’s so… impolitic, if you will. So, I’m not going to offer any real commentary about the election on yesterday in terms of winners and losers. You can do your own Wednesday morning quarterbacking. That said, the face of the House has changed drastically with the loss of 27…
Despite published rumors to the contrary, and as posted here on taxgirl.com, the prosecution has not reached a deal in the Wesley Snipes tax case: there is no settlement. According to the Tampa Tribune, Assistant U.S. Attorney Robert O’Neill, who is prosecuting Snipes and two co-defendants advised that the story which first broke in Variety…
Taxpayer asks: My question is about how to file taxes for my work. Since I’m writing a TV show blog, can I deduct my cable bills? How about my internet? Taxgirl says: Ahh, deductions, the most mysterious of tax form entries. What’s deductible? What’s not? A lot of what can be deducted is very fact-specific,…
I received four charitable solicitations this week: one from my daughter’s school, one from my college, one from my law school and one from a local museum. No, word hadn’t gotten out about my new blogging gig, charitable organizations come calling about this time every year – and why not? Despite all of the signs…
In what can only be considered one of the most anticlimatic stories in a long while, Wesley Snipes has reportedly settled his tax fraud case with the Internal Revenue Service. In doing so, Snipes will avoid any jail time and the Service has agreed not to interfere with the filming of his current film, Gallowalker, while…
It’s Fix the Tax Code Friday! Traditionally, charitable deductions have been limited to itemizers (meaning those who opt to take the itemized deduction rather than rely on the standard deduction). From time to time, Congress has considered extending the deduction to non-itemizers as a credit. This week’s question: If Congress did extend the deduction to…
I know, I know, it’s been ages. But I have a reason, I swear. For awhile, I have been blogging away at intaxicated.net. I had hoped to secure intaxicated.com when I began and even made a plea to buy the URL. The owner, associated with a tax preparation service, never even acknowledged my request. You’ll note…
Making charitable gifts got a little easier this year. Well, for seniors anyway. On August 17, 2006, President Bush signed what was dubbed the Pension Protection Act of 2006. Among other things, the Act finally allows taxpayers the option of making a charitable gift directly from retirement assets without incurring an income tax liability. The…
While Wesley Snipes continues to film in Namibia, one of two men indicted with him was scheduled to appear in a Florida federal court today. Eddie Ray Kahn, the founder of Guiding Light of God Ministries and American Rights Litigators, was indicted last month on charges related to promoting tax evasion schemes. He had previously…