Cell phones are changing the world. A few years ago, I called my mother in the afternoon on my cell phone – to my carrier, a minute was a minute no matter when you called. I remember vividly my mother’s response. “It must be nice,” she said, “to be so rich that you can call…
Just before BlogHer, Chris went out and bought me a new laptop. This was a fairly important purchase since my last laptop had more or less lost its portability – kind of an important part of a laptop. My new laptop is a MacBook, just a more modern version of my prior laptop (only this…
Taxpayer asks: I recently inherited a substantial (for me) amount of money. I used it to buy a home and to pay off some bills. I have been told I will have to pay inheritance tax and I have also been told it would not be inheritance tax, but income tax I will owe on…
Taxpayer asks: I would like to ask some tax related questions related to selling a house outside of the USA. We sold a house in Hungary, with all taxes paid there. There is documentation to prove this. Would there be a tax liability in the USA if the money from this sale would be brought…
Taxpayer asks:This is my situation. In 2007, I sold a bunch of stock my grandpa gave me, and had a gain of roughly $8,000. I had my regular income at around $50,000, and $6,583 was withheld. I did not make any estimated tax payments throughout the year. I owed $1,271 in taxes. My question is:1….
Is it true that President Bush wants to call tax rebate checks “empowerment rebates”? Is it also true that President Bush wants to replace tax rebate checks with a pair of tickets to the Tony Robbins seminar, Unleash The Power Within? No, of course not. But that doesn’t keep Mark Jabo at Biz Levity from…
This hasn’t been a great year for taxpayers. As the economy takes a dive, folks are growing more and more unhappy with the amount of taxes paid. And this year, in particular, watching the IRS botch rebate payments has made taxpayers even more angry. Wouldn’t it, I’m often asked, just be better to have a…
Colorado senator Ken Salazar, who bested Coors beer Pete Coors for his Senate seat in 2004, has been mocked for his ignorance of the US Tax Code. Salazar, a fifth-generation Colorado rancher, touted himself as a man of the people, claiming that he understood the struggles of the working class and would create jobs and…
Melanie Taylor should feel comfortable behind bars: her participation in a tax fraud scheme with prisoners will likely land her in prison. Taylor has pleaded guilty to conspiracy to tax fraud charges stemming from a scheme that she ran with inmates at the Maryland Department of Corrections and other prisons. The tax losses are said…
The IRS has reported that as of May 3, 2008, more tax returns had been processed than at the same time last year. How many more? About 15 million more to nearly 142 million, an increase of about 11%. And despite what those hold times felt like, the number of phone calls answered by IRS…