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  • 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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Thursday, May 08, 2008

NYC gets ugly ... Ugly Betty, that is

Production of the ABC comedy Ugly Betty is heading home.

ugly_bettyThe show, now winding down its second season, is set in New York City. But only the program's pilot was shot there. Subsequent takes were all on a Hollywood studio lot.

In the beginning, according to the Los Angeles Times, shooting in Tinsel Town saved money. But now the Empire State has come up big with a big bucks production tax break to lure Betty Suarez, her crazy family and crazier fictional Mode fashion magazine colleagues to the Big Apple.

A recently enacted tax credit (designed to combat production losses to neighboring states like Connecticut) will make filming much more appealing to Betty and, New York officials hope, other television and movie projects.

Feature films, television series, pilots, and TV movies and miniseries that complete at least 75 percent of their stage work at a qualified production facility in the state are eligible for a 35 percent refundable tax credit.

Such a break makes it easy to see why Walt Disney Co.'s ABC Studios, which produces Ugly Betty, decided to move. It reportedly costs $3 million to make one episode.

While the move will benefit Disney executives and bean counters, the on-set staff is not so lucky. Most of Ugly Betty's 150 crew members, including directors, set designers and carpenters, are expected to lose their jobs.

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I suppose Hollywood has the entirety of NYC remade somewhere on its back lots. But that kind of authenticity is cool. :)

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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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