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Keep Uncle Sam cranky!

  • It's no wonder Uncle Sam is not very happy here. His vault is empty.
    Don't Mess With Taxes aims to keep him cranky by providing tax and personal finance tips and advice that will put more money in your bank account, not the government treasury.

Great Googly Moogly!

July 2009

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Tax Calendar

  • April 15 has come and gone, but millions now have until Oct. 15 to file their 2008 returns. And millions more have 2009 tax planning to do.
  • There are plenty of year-round tax dates to keep track of, as well as lots of tax-saving moves you can make between Jan. 1 and Dec. 31.
    Find them here each month.


    monthly tax moves
  • July 1: You're halfway through the year. Now's the perfect time to make some midyear tax moves that could cut your 2009 IRS bill. If your life has changed significantly since the beginning of the year, adjust your withholding to more accurately reflect your new life, and tax, situation. Just give your employer a new W-4.

    July 4: Happy Independence Day! Celebrate your independence from future tax hassles. Hire a tax professional now to help get your tax life in shape while there's still plenty of time to plan.

    July 10: Does your job include tips? If so and you received $20 in tips in June, use Form 4070 to report them today to your employer.

    July 17: Are your kids at day camp while you work? You might be able to use that expense to claim the child and dependent care credit to cover some of the costs.

    July 21: It's been summer for month. How's your air conditioner holding up? If you need a new one, make sure it's energy efficient; that way on your 2009 tax return you can claim a tax credit for 30 percent of the cost, up to $1,500. Other energy-saving home improvements also qualify. Get the details at EnergyStar.gov.

    July 31: If you kids are older and working summer jobs, make sure they understand their tax responsibilities. You also can help your youngster get a nest egg head start by helping him or her open a Roth IRA with some of those summer earnings.

    Small Business Tax Calendar -- July: Important filing, deposit and record keeping dates your company needs to know.

Carnival of Taxes

  • Where we party like
    it's 1040 ... Form 1040!


  • Check out the latest
    Carnival of Taxes,
    #55: Tax Fireworks


    Want to be a part of the next one on August 3? Just review the Tax Carnival guidelines
    and then send
    your tax musings, mumblings,
    even music to the
    Tax Carnival submission page
    .
  • Catch up on prevous
    Tax Carnivals in our archives.

Tax Terms

  • Earned income -- It's just like it sounds: Compensation you receive from work, including wages, salaries, commissions, tips and self-employment endeavors. Learn more...
  • Unearned income -- Money that is not gained by work or delivery of a service or product. It's most well-known source is from investments. Learn more...
  • Tax rates/brackets -- The U.S. tax system is a progressive one, in which the greater the earnings, the higher the tax rate. Learn more...
  • See these and other tax terms
    in the perpetually updated
    Tax Glossary.

Cool tax quotes

  • The income tax has made
    more liars out of the American people than golf has.

    -- Will Rogers, humorist
  • I'm proud to pay taxes in the United States; the only thing is,
    I could be just as proud for half the money.
    -- Arthur Godfrey, comedian
  • Intaxication: Euphoria at getting a refund from the IRS, which lasts until you realize it was your money to start with. -- Author unknown, from a Washington Post word contest
  • "Internal Revenue Service: The world's most successful mail order business.” -- Bob Goddard, writer
  • "If you are truly serious about preparing your child for the future, don't teach him to subtract. Teach him to deduct." -- Fran Lebowitz, writer
  • "The United States has a system of taxation by confession." -- Hugo Black, Supreme Court Justice

But wait! There's more!

  • If you'd like to view more than
    the posts shown on this page, Arrow_right click here to go to the Don't Mess With Taxes archives page. There you can browse earlier blog items by the month they were posted or by their category.

What are you looking for?

  • Looking for something in particular? If you know the general topic, you can click on it in the "Categories" section that follows. Or you can enter specific keywords in the box below for a Lijit search of
    Don't Mess With Taxes.

I gotta tell ya ...

  • AKA Disclaimer:
    The content on Don't Mess With Taxes is my personal opinion based on my study and understanding of tax laws, policies and regulations. It’s provided for your private, noncommercial, educational and informational purposes only. It’s not a recommendation or endorsement of any company or product. I strongly suggest that when it comes to filing your taxes, you get additional, professional, paid-for guidance from your accountant and other financial advisers who are familiar with your individual circumstances. In other words, don't blame me!

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Main | Stormy tax policy »

Monday, November 14, 2005

It's the most wonderful time of the year

You, being a normal human, probably think it's holiday time. Thanksgiving is just around the corner and Christmas is bearing down. But it's really tax time. OK, maybe not tax time in the conventional sense, but we all face taxes every day -- sales taxes, gas taxes, property taxes, the list goes on and on -- not just on April 15. So I've created this blog to (1) vent about taxes (the good, the bad and the inevitable) and, I hope, to (2) offer a bit of help in negotiating this generally unwelcome task.

I'm not precisely a tax pro, but I have lots of practical experience. I've done my own taxes for what seems like forever, I've taken some courses and attended conferences, and I spent almost 20 years in Washington, D.C., where I worked for a U.S. Representative who was on the tax-writing Ways and Means Committee, worked for the Committee itself and then climbed down the Hill to work for two large multinational corporations that lobbied Congress for, in part, tax breaks.

But my raison d'etre is to write, and for the last six years most of my writing has been about taxes, mostly via the personal finance Web site Bankrate.com. That's what I'll be doing again this coming tax season, as writer/editor of the site's tax channel. Not only will the gig help me pay my bills (both at home and to the tax collector), it'll keep me -- and you -- up to date on what's happening in the tax world.

But, alas, it is not enough tax work to keep me happy and a tax blog was born. I wanted to come up with some catchy, goofy name for my new effort. Something slightly irreverent, even borderline flip. Taxes are a serious subject, but if you don't try to laugh at them sometimes, they'll kill you, emotionally and psychologically if not financially.

I toyed with the idea of Tax Cheats United. Such a sensational name surely would tempt readers, but maybe not the readers I necessarily want. Plus, if the site name ever got shortened to TCU (which I'm sure it would by the hundreds of thousands of kids who will no doubt flock to a tax blog and want to share its info via cell phone text messaging), the Texas Christian University community might be a tad upset. Being a Texas Tech alum, I'm well aware of the fine attributes of TCU, Tech's former Southwest Conference rival, so that name was scuttled.

So I thought about Wacky Taxes, since there are so many wacky taxes. Then I considered the worldly sophistication of Tax Tête-à-Tête and the fact that it conveyed a personal, one-on-one approach, but wondered if I’d be tempting the blog gods by implying that only a handful of my close personal friends would ever click on the site. Plus, it’s French, and the one thing that Americans hate more than taxes is anything French (except French toast ...; that’s damn good!).

Reminiscing about the good ol' days on Capitol Hill, I toyed with calling my ramblings Behind the Tree as homage to the late Russell B. Long, a lawmaker who once said that tax reform means "Don't tax you. Don't tax me. Tax that fellow behind the tree." But I feared it might confuse people who were searching for wilderness sites.

Soon, I was spending more time trying to think of a name for my ramblings than I spend doing my own returnTexas_shape_with_flag_colors each April! I had to just make a decision so I went with Don’t Mess With Taxes. It just seemed natural. Being a native Texan (not one of the growing number of Yankee transplants who flock here when they discover the wide latitude and accepted arrogant confidence afforded Lone Star Staters), the flipping of the “e” and “a” immediately appealed. It kept all the letters, along with that attitude that's made the state so great.

All the other implicit meanings were a bonus -- folks who don’t want to mess (i.e., deal) with their taxes, those who mess up their taxes, those who a la the original meaning of “mess with” do indeed throw caution to the wind and mess with the tax collector. You get the picture.

And so we are here, at the beginning of Don't Mess With Taxes. I promise my subsequent entries will not be so long … and will actually discuss, at least a little, tax topics!

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Comments

I stumbled across your blog because I have a fairly complicated set of returns with 2 wholly owned corporations and lots of international implications. Naturally I have a competent accountant.

But your blog is interesting for the reason of liking to be at least conversant with my accountant, and also because I am also here in Austin and love our great state as only native Texans can.
Jack

Ms. Bell, you sound like the perfect tax maven! Can't wait to read your musings...

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