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  • 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.

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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

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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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Tuesday, December 19, 2006

Celebrating Christmas ghosts

Christmas_carol_book_left Dec. 19, 1843, is one of my all-time favorite days. That was the day that "A Christmas Carol," or as its author Charles Dickens called it, a "Ghostly little book," was published.

Three days later, the first edition was sold out. That early popularity has endured.

"A Christmas Carol" is probably one of the most adapted books. It's been performed innumerable times on stage, radio, film and television.

Wikipedia lists 17 video variations, from animated (Bugs Bunny, Mickey Mouse and Mr. Magoo) to Kermit the Frog's Bob Cratchit opposite Michael Caine's Scrooge (and yes, Miss Piggy played Mrs. Cratchit) to the 1951 film classic with Alistair Sim as the famous curmudgeon. The latest recreation: a computer-generated animation released last month.

Christmas_carol_book_right In the preface of the first edition, Dickens wrote, "I have endeavoured in this Ghostly little book, to raise the Ghost of an Idea, which shall not put my readers out of humour with themselves, with each other, with the season, or with me. May it haunt their houses pleasantly, and no one wish to lay it."

It has indeed haunted me and all my houses very pleasantly for as long as I can recall. Why is this simple story so universally appealing?

First, it is so accessible. Yes, it's set in the 19th century. Yes, ghosts take us forward and back in Scrooge's life. But the situations -- overworked employees, struggling families, pervasive poverty, greedy businesses, indomitable good will through it all -- haven't changed much over the last century and a half.

And the ghostly journeys and their revelations are straightforward. There's no question that a bitter life will lead to a bitter end. That Scrooge realizes this is his and our salvation. There is hope if we will embrace it.

Yes, it sounds corny (much like another popular holiday tale, "It's a Wonderful Life"), but so often in our detached modern world we try to write off emotions as unsophisticated and useless. But we innately know that without the human touch, that connection to others, we are lost.

The greatest accomplishment of the book, though, is that it tells us that we can have a do-over (again, just like George Bailey). We all want to know that it's not too late; that we still have a chance to make things right or better.

Most importantly, we want assurance that another chance will make a difference to us and others.

If only we'd pay attention to Marley, Tiny Tim and Ebenezer during the other 11 months of the year, too.

Yes, there is a tax connection: Remember those businessmen who asked Mr. Scrooge to help their efforts to meet the needs of the less fortunate?

His original reply was coldly analytical: "Are there no prisons? … The Treadmill and the Poor Law are in full vigour, then?" Assured that they were still in operation, Scrooge refused to donate a cent.

But that was before his visitations. By the end of the tale, he had reversed his charitable stance, although we never learn by how much. Only that the gentleman who was rebuffed just a day before knew how much was given and was left almost speechless by "such munificence."

I don't know anything about the United Kingdom's tax rules regarding charitable donations, either in Victorian times or now. And Scrooge apparently preferred to remain anonymous.

But such a giving spirit here in the United States can definitely help out the donor as well as the recipient. If you itemize, in most cases you can deduct your gifts.

This story provides the guidelines, as well as some charitable changes that took effect this year. I also blogged about the new laws: the tougher standard for donated household goods and a new giving option for older owners of IRAs.

Christmas_carol_1984_dvd_2 Scrooge scrutiny: As I perused the many film and TV versions of "A Christmas Carol," I was delighted to see my favorite: the 1984 presentation starring George C. Scott.

I was originally skeptical, having seen much physically smaller, less imposing actors portray Scrooge. But Scott "is" Ebenezer in all his forms: angry, bitter, sad, frustrated, wistful, nostalgic, terrified, thankful, kind, loving and happy.

The rest of the cast also is superb. And the scenery, well, it's simply perfect. It was filmed in Shrewsbury, England, during the winter and the authenticity it adds is beyond compare.

The program originally aired here in the United States on CBS (I even remember the Little Tramp commercials by IBM, the sole advertiser during the program), but the film was released theatrically in Great Britain.

It showed up on U.S. television again in the '90s, but I haven't seen it since. Twenty years ago, I had a heck of a time tracking down the VHS tape we watch every holiday season. Now it's available on DVD, too, and more widely distributed. Maybe some Christmas future, Santa will bring me that format.

One more humbug hurrah: Whenever possible, I try to, as discreetly as possible, tout my love of the Dickens classic in my writing. I got a chance to do that a couple of weeks ago in this story for Bankrate.com in which financial advice is gleaned from Scrooge and other well-known holiday characters. If I say so myself, I think it turned out quite well.

Book image is the frontpiece of the 1843 first edition

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