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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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  • 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
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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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Friday, November 02, 2007

Sand dollars

Hurricane_noel_frinov2_2 The U.S. was spared the worst of Hurricane Noel, but the system did inflict a lot of damage on East Coast beaches.

First those in South Florida got whacked for days as Noel sat over Cuba and then the Bahamas. Now that he's finally moved, some of the high surf he'll produce could cause problems for North and South Carolina and New England shorelines.

And that means problems for beachfront property owners. A story in today's New York Times examines beaches and erosion solutions, all of which are shrinking. According to the article:

"Over the last decade or more, federal and state funds to restore beach sand have become increasingly scarce, as government officials, taxpayers and environmentalists have argued against spending hundreds of millions of public dollars for projects that often wash away after a few strong storms.

This has left Atlantic and Gulf Coast communities to develop their own solutions, often imposing what are referred to as sand taxes. But the potential for assessments of thousands of dollars — particularly in towns filled with vacation homes — has created a divisive issue that many homeowners, voters and elected officials have yet to solve."

Sand dollars: I love that phrase "sand taxes." Of course, I don't have a beachfront property.

When we lived in Florida, our house was only 7 miles from the nearest public beach. Since we've moved more inland here in Texas, we've thought about a second home on the Gulf Coast, or, as we called it when we were kids, "the ocean."

The hubby even sent off for some material from Cinnamon Shores, a community on Mustang Island. Unfortunately, the development's policy about sharing the names of inquirers was hidden, so we're now getting other offers, most recently from Tortuga Dunes.

We might eventually get down to the coast to check both places out. But truth be told, I don't think I want a second home.

Sure it would be nice to have a personal escape spot. But would we feel obligated to go there every time we want to get out of Austin? That could get boring.

Could we really afford the a second set of property tax and insurance payments?

Sand_dollar_2And, of course, there are the sand dollars that I'm sure Texas Gulf Coast residents also are asked to fork over in order to replenish those beaches.

It's a losing cause, folks.

Eons ago, life sprang from the oceans and the water has been trying to take back our terrestrial lodgings ever since.

Homes built on barrier islands are at special risk. These are great formations; tiny little sand strips between a more solid land mass and a body of water. And they just keep rolling over on themselves.

That activity means they are no place for structures. We humans keep trying to build on the islands and adjacent beaches, but Mother Nature is going to eventually win.

All we're doing -- as individuals and at all levels of government -- is throwing our money, personal and tax, into the ocean.

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