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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.

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Cool tax quotes

  • 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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« Retirement plan deadlines redux | Main | Happy Tax Deadline Day! »

Monday, April 14, 2008

Tax Carnival #35: Filing Season Final Tips

Tomorrow is the 2007 tax filing deadline. And today is Tax Carnival time.

Frustration_2 And since filing time is fading fast, we'll dispense with elaborate set-ups and get right to Tax Carnival #35: Filing Season Final Tips.

For those of us (me included) who just aren't going to get the paperwork finished tomorrow, nickel presents How to Request an Income Tax Filing Extension, posted FiveCentNickel.com.

Of course, notes Raymond of Money Blue Book, Filing an Income Tax Return Extension Will Delay Your Tax Rebate Check.

And then there are those among us (me, too, again) who face double tax duty tomorrow. Diane explains in April 15 - Estimated Tax Payment Due, posted at Need IRS Help?

Some timely advice courtesy of FIRE Finance in Double Your Tax Deduction Every Time You Fund Your IRA! It's posted at FIRE Finance.

Some folks also have to deal with state tax returns on the 15th. FMF tells us about The Best and Worst Tax States, posted Free Money Finance.

Tax time is also scam time. Jeremy tells us of Signs You May be a Victim of Tax-Related Fraud over at Generation X Finance.

After you tally up what you owe, you might not be surprised by Kurt Brouwer's piece on the Largest Tax Increase Since World War II. Hint: It's still to come, maybe. Details posted at Fundmastery Blog.

Natp_tax_pro_counseling2 Some of our tax costs include paying for tax help. Hank, over at My Investing Blog, asks How much does your accountant charge to do your taxes? Is it worth it? Would you recommend them?

We haven't forgotten about you business taxpayers. Chris offers some business filing info in The IRS Paid Me $500 to Create This Blog, posted at Martial Development.

And Alex M discusses taxes requirements of e-businesses, posted at DropShip Area.

For a more philosophical view of taxes, we have David Gross, who presents We Won't Pay! A Tax Resistance Reader. The collection contains writings from a variety of tax resisters over the ages, as well as some pieces from critics of tax resistance and is posted at The Picket Line.

On the lighter side of taxes, Madeleine Begun Kane has penned Interactive Taxes, posted at Mad Kane's Humor Blog.

Believe it or not, says Praveen, The IRS Are Humans, Too. That stranger-than-fiction tale is posted at My Simple Trading System.

And we close our 35th Tax Carnival with a look ahead. David B. Bohl presents Five Ways to Reduce Tax Stress Next Year, posted at Slow Down Fast Today!

Whew! We've almost survived another filing season, unless of course you took the advice of our first Tax Carnivalista and got an extension. In that case, hang with us here at Don't Mess With Taxes and we'll get you through the Oct. 15 deadline, too.

1040_icon_square As for time tables, we're now heading back to our monthly Tax Carnival schedule. The 36th edition will be May 5, a fitting time to celebrate taxes! Details and precise deadlines can be found at our Tax Carnival submission page.

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This is a great site! You have a whole lot of heplful information and money saving tips. Keep up the good work!

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July 2008

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Tax Calendar

  • tax season 2008

    The first filing deadline has come and gone. But if you got an extension, mark Oct. 15 on your calendar. Until then, stick around. We'll help you finally finish your 1040 and keep an eye on the other tax dates below.

    July 1: You're halfway through the year. Now's the perfect time to make some midyear tax moves that could cut your 2008 IRS bill.

    July 4: Celebrate your independence from tax hassles. Hire a tax professional now to help get your tax life in shape.

    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 16: 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. dependents on your tax return.

    July 23: If, however, your kids have summer jobs, make sure they understand their tax responsibilities.

    July 24: You 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..

    July 31: Speaking of retirement plans, if you have a retirement plan (other than a SEP or SIMPLE IRA) with more than $100,000 file a Form 5500 or Form 5500 EZ by today. Need more time? File an extension and move the deadline to Oct. 15.

    July Small Business Tax Calendar: Key filing, deposit and record keeping dates your company needs to know.

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  • 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
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