Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
You’re probably firing up the grill later today. It is, of course, the unofficial first day of summer. But it’s also something more: Memorial Day. It’s the day to remember those men and women who made the ultimate sacrifice while serving our country: those who have died while in the military service. Even though the…
On May 6, 2013, Charles Ramsey made national news – all while eating a hamburger. His 9-1-1 call was instrumental in the rescue of kidnapping victim Amanda Berry and two other women, Michelle Knight and Gina DeJesus. Berry had been missing since 2003; Knight and DeJesus disappeared in 2002 and 2004, respectively. Ramsey had just…
Wal-Mart Stores, Inc., (Walmart) had mostly good news for Wall Street yesterday when it reported earnings of $3.78 billion, or $1.14 per share, in the first quarter. Those earnings were consistent with Walmart’s expectations of $1.11 to $1.16 per share and just short of analysts’ average forecast of $1.15 per share. Those earnings were likely…
I was one of those kids who always did the right thing. I followed the rules. I did what I was told (ok, mostly). I was just that kid. I was also one of those kids who whined incessantly because I felt like being good wasn’t its own reward. I watched as the kids who…
Today, the Internal Revenue Service made available the Proposed Regulations relating to the health insurance premium tax credit established under the Health Care Act. Or, I guess to be precise, it’s “the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the Medicare and Medicaid…
Americans are addicted to gasoline, according to retired General Motors Vice Chairman Robert A. Lutz, and there’s only one cure: higher gas taxes. Lutz, who held positions at GM, BMW, Ford, and Chrysler before returning to GM in 2001 spoke to a crowd earlier this month at the SAE (Society of Automobile Engineers) 2013 World…
When asked by a (repeat) client how to stay out of jail, criminal defense attorney Charlie Thomas offered this sage advice: Stop stealing shit. The same logic applies to taxes. If you want to avoid jail time, for the most part, the best advice is to file and pay on time. But I know that…
If you were one of the hundreds of thousands of taxpayers affected by the tax season filing snafu involving education credits – and you filed using H&R Block – you might be getting some relief. The tax preparation giant is offering $25 to its customers affected by the delay in processing individual tax returns claiming…
(Update: We have a winner! It’s tucscongirl!) My kids are little hoarders. I swear one of these days, A&E is going to launch a “Hoarders: Kids Edition” and you’ll see my kids on the show, with their various rock, leaf and *other* collections stashed in shoeboxes. They hate to throw anything out. I have several…
Here are some quick tips if you didn’t get your return filed on the big day.