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…
With gas prices on the rise, it’s no surprise that the mileage rates as determined by IRS were a little higher this year than in years past. For the calendar year 2007, the standard mileage rates will be: 48.5 cents per mile for business miles driven; 20 cents per mile driven for medical or moving…
My real anniversary, that is, not a blog anniversary. I’ve been married for six years. And the notion of my anniversary got me to thinking. You know, about marriage and what drives people to marry and to divorce. It should come as no surprise to anyone in the modern world that finances are often cited…
Everybody in the US (and beyond) seems to agree that the Tax Code is broken. What we can’t seem to agree on is how to fix it. Here’s your chance to offer your two cents… This week’s question: Following up on recent posts about tax breaks for college sports, considering the amount of money available…
Back in February, Madeline authored an interesting post about the tax implications of college football. Not to be outdone at the beginning of football season, DevilGrad followed up on an inquiry by some Congressional officials into the tax-exempt status of college sports. It seems, these days, that as the popularity of college sports grows, so,…