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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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Friday, May 09, 2008

Mother's Day gift ideas

It's been a crazy week and Mother's Day almost sneaked up on me. But a little while ago I called a florist in my mother's town and was assured they could deliver a nice flower arrangement later today or tomorrow.

Mom_heart_tattoo_2 A gift for my Mom is easy. First of all there's the card; that's a must, preferably a mushy one.

She also loves flowers, and my tardiness this year made that choice a no-brainer. Costume jewelry also is a welcome present, as are various accessories like scarves and fashion belts.

You could spend a lot for those gifts, or you could find some nice but less budget busting versions of everything but the fresh flowers at a local department or discount store.

Spending on Mom: This year, with recession on everyone's mind, it looks like thriftier options will win.

One recent survey, reported in Progressive Grocer (which, by the way, notes that fresh flowers are available at most supermarkets), found that consumers are planning to scale back a bit on the number of gifts they buy Mom this year.

According to the National Retail Federation's 2008 Mother's Day Consumer Intentions and Actions Survey, conducted by BIGresearch, consumers will spend an average of $138.63 this year, compared to $139.14 last year. Total consumer spending is expected to reach $15.8 billion.

While the majority of consumers will invest in one major gift (such as jewelry) for Mom, they are likely to spend at least some money on the aforementioned flowers ($2 billion expected in this category), gift cards or gift certificates ($1.6 billion), housewares and gardening tools ($696 million), and, of course, greeting cards ($672 million).

Most shoppers (35 percent) told pollsters that they will shop at specialty stores, with the rest of those surveyed heading to department (28.8 percent) and discount (25.7 percent) stores. Other outlets for Mom's gifts include specialty clothing stores and online and catalog merchants.

Other gift ideas: If you're still looking for ideas, check out Our Fourpence Worth's frugal but thoughtful Mother’s Day gift suggestions.

Mrs. Nespy's World has a wide-ranging five-part collection of gift ideas (part 1, part 2, part 3, part 4 and part 5).

And all you who procrastinated longer than I did will want to check out Slashfood's yummy gift list, ParentDish's last-minute gift guide and Mother's Day gifts for the procrastinator, part 1 and part 2, from Wordcandy Bookshelf.

Happy shopping and to all moms, grandmothers, aunts, nieces, godmothers and nurturing women everywhere, a well-deserved and very Happy Mother's Day!

Mom heart logo courtesy of LogoGolfwear.com.

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Comments

Thanks so much for the mention here in your blog! I just hope the information can help people realize that it really is the thought that counts, and we don't have to put ourselves in debt to "impress" loved ones who love us anyway!

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