Yesterday was a football fan’s paradise… What great games! And the Steelers managed to unseat the Colts as the AFC favorites. Okay, I’m really a Philadelphia Eagles fan, but the Eagles didn’t give us much reason to cheer this season. The Steelers, on the other hand, were brilliant. Now, I know that Steelers fans are…
And again, apparently. In what can only be described as a monumental oversight… There was an interesting story on CNN.com today about officials at the University of South Florida who misplaced or failed to deposit hundreds of thousands of dollars for more than ten years. Tragic, sure, for the school. But what about the donors? Depending…
In addition to the highly publicized case of Anna Nicole Smith, the former Playboy Playmate, who is battling for her late husband’s fortunes at the US Supreme Court, previously blogged about here, Texas probate courts are in the spotlight once again. This time, the case revolves around Lillian Glasser, a New Jersey socialite, and her fortune….
While the new year started for most folks on January 1, the new tax year begins for IRS on today, January 3. Just this week, the IRS will send 17.7 million 1040 tax packages to taxpayers who have previously filed paper returns. This number is on the decline as more taxpayers opt for electronic filing….
Apparently doesn’t stay in Texas, but clearly has Texan ties… In what can only be described as an interesting pairing, the Bush administration is backing Anna Nicole Smith, the former Playboy playmate, in her fight over her late husband’s assets. Earlier this year, the Supreme Court granted cert to Anna Nicole (admit it, you can’t…
In addition to the obvious (gas savings), buying a fuel-efficient car can put more money back into your pocket. Congress has finally gotten its act together and is offering tax breaks for certain vehicles for 2006. Beginning in January 2006, those who purchase eligible vehicles will receive a tax credit, as opposed to a tax…
Don’t assume that you can just make lemonade. The IRS announced that they will not recognize certain deductions related to the sale/auction of used vehicles. Here’s the PR in its entirety: IRS Warns of Questionable Deductions for Donated Vehicles IR-2005-145, Dec. 22, 2005 WASHINGTON — Internal Revenue Service officials announced today that the IRS will…
As seen on TaxProf blog, this tee shirt is for sale on eBay (I am not intending to promote eBay here, having no experience with the site ever, just passing along the details for your amusement). The print on the shirt says, “IRS: We’ve got what it takes to take what you got” – okay,…
If you’re interested in a comparison of the two tax bills that I blogged about yesterday, you can read a decent paper comparing the two here (it’s a PDF), courtesy of Citizens for Tax Justice.
As previously reported, the Senate approved a version of the tax bill. Not to be outdone, the House did, too (yesterday). The problem? Er, they’re not consistent and it’s not clear when (and if) the two can be reconciled. The top priority of the House in what was a narrow victory, 234-197, seemed to be…