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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!

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    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.

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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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« Let the IRS help purchase your presents | Main | Honda hybrids added to tax credit list »

Wednesday, November 22, 2006

Snipes talks turkey about tax charges

This Thanksgiving, we can all be thankful that we're not Wesley Snipes, at least not the Wesley Snipes accused of breaking various federal tax laws.

Despite some reports that the movie star had amicably settled his tax evasion charges (wishful thinking on his agent's part, perhaps), Snipes is still in deep tax doo-doo.

In case you forgot, Uncle Sam alleges, in part, that Snipes owes $12 million in back taxes. If convicted of all the federal charges, he could serve up to 16 years in prison. You can read more in my initial post about the case.

Well, Wesley has finally decided to talk turkey (at least as he sees it) about the situation. Not surprisingly, he's not taking the whole thing very well.

He sent Scott Maxwell, author of the "Taking Names" column for the Orlando Sentinel, a series of e-mails elaborating on the injustice of the tax charges.

Basically, Snipes says he's being "scapegoated" by the U.S. government "because there's more public interest in 'celebrities gone bad' than 'rich people being taken advantage of.'"

The actor, best known for his roles in the "Blade" trilogy, "New Jack City" and "White Men Can't Jump," says that he was shocked by the charges: "We thought all issues had been resolved. Guess not, huh?"

Snipes also questions why it's taken almost a decade since the alleged crimes for the charges to be filed, and speculates that it "has more to do with a few individuals with access to power, making moves; trying to move up!; and less with some alleged crime against the whole population of the United States of America."

You can read Maxwell's column on the Snipes' e-mails, as well as the actor's full and unedited electronic messages.

E! Online also has a report on the Snipes e-mail rebuttal. And TaxProf has done a good job of tracking the blow-by-blow to date of the case (links at the end of this item).

Cooked_goose_2 Since we're such entertainment info crazed Americans, as well as citizens clamoring for any and all tax-related news, I'm sure we'll all be closely following Snipes' story to see whether the IRS does indeed end up cooking his goose.

Culinary note: If you'd like to try a different bird entree for the holiday meal you'll be cooking in a few weeks, click on the photo above for a recipe.

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