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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.

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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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« Wheeling into 2007 | Main | Taxes: universal and universally complained about »

Tuesday, January 02, 2007

Whoops in Wisconsin

Around 170,000 Wisconsin taxpayers will soon open their mailboxes to find their annual state tax packets.

While that's never a welcome mailing, a major mistake makes it even more troubling this year. The Wisconsin Department of Revenue sent out the tax material with the individuals' Social Security numbers printed on the labels.

Packer_cheesehead Hello, Cheeseheads! Your state officials have just made it easier for someone to assume your identity. Any nefarious character between the revenue office and your mail receptacle is welcome to jot down your nine crucial identifying digits, along with your address.

The errant labels were blamed on a computer error. (One benefit of our total dependence on technology: Now machines instead of lower-level, lower-paid employees -- committers of the proverbial "clerical error" -- bear the brunt of office blunders.)

The misprinted forms primarily went/will go to filers who previously used the basic Form 1, long paper form for individuals. Wisconsin taxpayers who filed other forms, used a professional tax prep service or e-filed don't have to worry, at least not about this mailing mess.

The Department quickly issued an apology (nice, but not really much help) and then started spreading the embarrassing word about the financial trouble that the mistake could cause.

"We want to prevent any chance identity theft might occur," department spokeswoman Meredith Helgerson said. In additional to the official "my bad," the agency also promised that steps were being taken "to make sure that this will never happen again."

Cleaning up after the state: If you're reading this from the comfort of your home in Appleton or York or anywhere in between, and you filed Form 1 last year, keep this URL handy: annualcreditreport.com. You also can call 1-877-322-8228. These contacts will allow you to order a free statement every 12 months from each of the big three credit report agencies (Experian, Equifax and TransUnion).

But as concerned (or rightfully angry) as you might be, don't call or log on today; it's too early for any credit criminal mischief related to this messed up tax mailing to show up. Right now, you mainly want to keep an eye on your bills, particularly your credit card statements. Then check out your credit reports. It's a good idea to do so each year anyway, even when your tax officials aren't hanging you out to dry.

One suggestion when you do check your credit reports, don't order all three at the same time. Since you're allowed a free copy from each every year, spread out your requests. That way the Experian report you get in February might come back (we hope) clean, but TransUnion's tracking you get in May could show some questionable activity. When you order Equifax's in September, you'll find out then whether your efforts to clear up the TransUnion issues are working, since the agencies tend to collect and report the same information.

When I was hassling with clearing my credit record after a chick in Houston stole my identity (you can read about my travails here), one of the bureaus never listed the delinquent account. I still don't know how that happened. I just know the whole experience was a pain in the butt and I was lucky. My personal criminal only ran up a relatively small bill (less than $100) before, I'm sure, "becoming" someone else for credit purposes.

And even though the Wisconsin Department of Revenue is blaming computers for this problem, you might want to consider e-filing, since then you won't have to worry about your tax particulars getting manually passed along via the mail system. Check here for information on the state e-file program.

And here's hoping for better tax luck, from Alabama to Wyoming, the rest of the 2007 state and federal filing season!

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Listed below are links to weblogs that reference Whoops in Wisconsin:

» WISCONSITES GET A NEW REASON TO E-FILE? from Roth & Company, P.C.
The Wisconsin Department of Revenue last week sent tax return packages to 170,000 taxpayers who filed the state's long tax... [Read More]

» A Big Whoops in Wisconsin from Taxable Talk
Within a couple of weeks, taxpayers around the country will be receiving their tax packages in the mail from the IRS and their state (and local) tax agencies. Taxpayers in Wisconsin will get a special surprise: their social security numbers will be pr... [Read More]

» "Whoops in Wisconsin" from Accounting Round-Up
By Kay Bell: Around 170,000 Wisconsin taxpayers will soon open their mailboxes to find their annual state tax packets. While that's never a welcome mailing, a major mistake makes it even more troubling this year. The Wisconsin Department of Revenue [Read More]

Comments

Hi, there are a number of ways to prevent identity theft, and everyone should know how to protect themselves from this crime. Know the tips to prevent...

http://www.identitysafetytips.com/prevent-identity-theft/ways-to-prevent-identity-theft.html

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