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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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Monday, February 05, 2007

Tax Carnival #11: The Super Tax Party

Since many of you had or went to a Super Bowl party, we'll going to keep football fever alive a bit longer  with this, the 11th Carnival of Taxes, which I have officially dubbed The Super Tax Party.

Football_cooler_2 I won the coin toss and decided y'all are going to receive. So, without further ado, let's get this tax party started!

Any good party need good food, so that's how our Super Tax Party offerings are arranged. First we have our appetizers.

There's no better kickoff snack than the news from Nina and Allison that we suddenly have more time this year to file our 1040s. Find out why at IRS Extends Filing Deadline to April 17th!!! posted at Queercents.

Even with that extra day, though, you really shouldn't dawdle. So take Jane's advice on how to get a jump on your taxes. You'll find her seven steps over at Career Ramblings.

Your tax appetite whetted? Good. Because now we've got some more substantial tax party sustenance.

Who could resist Nickel's directive, don’t miss these tax deductions, posted at fivecentnickel.

Robert, aka The Wandering Tax Pro, tells up about the most important number on your tax return.

Parents (yes, children are allowed at this party) will definitely want to sample the entrée from NCN at No Credit Needed: do kids pay taxes on interest income?

Next on the party platter is Brian's advice on what to do if you can’t pay Uncle Sam over at Your Money Matters.

A complimentary dish is Sagar's look at reverse exchanges, posted at 1031 Exchange Lowdown.

Wait! You can't be full! The second half is just about to start and the party's still going strong with a nice buffet of side dishes.

Gina tells us why you might want to hire a tax professional over at Gina's Tax Articles.

Thinking you want to do your taxes on your own? Then check out FIRE Finance's tax preparation software reviews and deals, posted at, where else, FIRE Finance.

Another take on that topic comes from Finance Buff, who examines the differences between online and desktop tax software over at, where else (again), at The Finance Buff.

Even with software or personal help, sometimes it helps to do a little homework. Thatedeguy examines The Ernst & Young Tax Guide 2007, posted at A Penny Saved.

If you've got to file state taxes along with your federal return, you'll want to check out Larry's downloadable collection of 2006 and 2007 personal income tax rates for the 50 states and Washington, D.C., posted at The Skilled Investor.

Two-minute warning! Pick up your pennant and drain that last glass of beer. To help you wind down from the gridiron and tax action, we've got a cheering section with some tax comments and commentary.

Matthew explains the FAIR tax over at Getting Green.

Ben at Money Smart Life tells us why the state sales tax simplification project is a terrible idea.

David at The Picket Line reports on a survey that found that four out of five respondents said the IRS is no worse at customer service than your typical government bureaucracy. Hmmm. Sure sounds like a classic case of damning with faint praise.

R Waldhoff points us to a report at Britannica Blog that a good number of federal workers are simply ignoring their personal tax duties.

And, just as the game-ending whistle blows, Dan at Tick Marks pushes across the goal line with "Gypsies, Tramps and [Tax] Thieves? A Federal Judge in Oregon Says No."

Wow! The party's over so soon? Don't worry. We'll do it again in a couple of weeks, Feb. 19 to be precise. You can submit a blog article to that upcoming 12th Carnival of Taxes by using our official submission form. Guidelines for posts can be found here, and past Tax Carnivals are collected in our archives page.

Inflatable football beverage cooler image courtesy of and available from Super Bowl Fun.

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» Carnival! from A Penny Saved...
Its been a while since Ive participated in any carnivals, but I figured with the new domain, that I could use the extra links. So, this week Ive participated in the Carnival of Personal Finance hosted by The Simple Dollar. There a... [Read More]

» CARNIVALS UP! from Roth & Company, P.C.
The Carnivals are in full swing this week. Don't Mess With Taxes is hosting the Carnival of Taxes. The Mighty... [Read More]

» Feb - Week #1 - Round Up Of Carnivals And Festivals! from FIRE Finance
Tomorrow we are going to host the Carnival of Investing #60. So this Sunday we will skip our detailed analysis of the Carnivals and Festivals hosted in the personal finance blogosphere. However we did publish at these carnivals and browsed them too. Th... [Read More]

Comments

The prez's health care deduction hasn't passed yet and likely won't in its original form. Its part of the administration's fiscal 2008 budget plan (discussed here http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2007/02/budget_battle_p.html and here http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2007/02/read_all_about_.html.

other comments on the medical deduction proposal can be found here http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2007/01/dubyas_health_i.html and http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2007/01/some_sou_folo.html

Question: does anybody have details on the "health insurance" deduction that Bush proposed recently? I saw the story on CNN Money about how to figure your deduction, but haven't seen or heard anything since (http://tinyurl.com/24ldbl). Did it pass? Did it even go up for debate?

I love it when money falls into my lap, and was trying to keep tabs on this issue.

Thanks for the link. It was a great experience submitting to your carnival.

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