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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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Dept. of N-yah, N-yah!

« How taxing is your state? | Main | NFL opposes IRS' expanded salary reporting rule »

Monday, August 11, 2008

Tax Carnival #39:
Dog Days of Summer 2008

Here we are, smack dab in the middle of the dog days of summer.

It's hot (so far here in Austin, we've had 46 days of 100 degree or higher temps) and although I'm dog tired, I'm dogged by a ton of things still nipping at my heels. That's why this 39th edition of the Carnival of Taxes is a week late.

I hope this slight delay hasn't landed me in the dog house.

But I've finally gathered this month's many offerings. They're presented below in no particular order, aside from the first one. C'mon! It had to go there considering the topic. 

Instead, I'll let you pick your own top dog from the eclectic tax litter that makes up Tax Carnival #39.

Bulldog_2Andrea of Queercents wonders, "Should we be able to claim pets as dependents?" Check out her thoughts in Reducing Pet Costs: Tax Deductible Pets?

Madison details an Unconventional Roth IRA Strategy to Lower Tax Bill at My Dollar Plan.

Todd discusses an alarming situation in IRS Cash Withdrawal, posted at TaxDollarsAndSense.

Walter from IRS For Dummies offers advice on Taking Care of Your IRS Problem.

For those of you seeking personal, professional tax help, we have some tips.

Ian Cunningham offers advice on How to choose an accountant, posted at The Business Lounge. Although Ian's in the UK, many of his tips translate here across the pond.

Back here in the colonies, FMF of Free Money Finance tells us When to Hire a Tax Professional.

Shetland_sheepdog_sheltie_2 Dan Meyer tells us that the IRS Tries to Get Tough on Tax Shelters, posted at Tick Marks.

Marriage is on the minds of a couple Tax Carnivalistas.

"Here is an entry for the dunk tank of your carnival," says Kim Greenblatt of profitable. "All too often I've seen couples getting married without taking into consideration what their tax bracket will look like when they file until it is too late." Kim has details in Bad Tax Idea: Getting married without checking on the tax ramifications.   

Meanwhile, Beckie at A Tax Consultant for All Seasons notes that some married filers have special status consideration in Community Property States-Married Filing Separately.

Schnauzer_miniature_2 Diane looks at the tax value of Charitable Contributions, posted at Need IRS Help? 

In that same giving vein, Dave warns Donating Clothing? Beware For-Profit Drop Boxes. It's posted at Money Under 30.

Hanna Kassis looks at Tax Breaks for College Students: pt. 2, posted at College Finance 101.

Robert D Flach, known as the blogosphere's WANDERING TAX PRO, offers us a mini-carnival within the Tax Carnival with What's the Buzz? Tell me what's a happenin'.

Jim looks at Tax Credit vs. Tax Deduction, posted at Blueprint for Financial Prosperity.

Pembroke_welsh_corgi_2 Bruce at "the tax guy" wants to know, Are You Having Enough Withheld?

From rothira at Roth IRA Explained we get Social Security Affected by Roth IRA Conversions.

Have you got your eye on the latest, greatest info-product that's launching, asks Kristine of Ebiz Tax Tips. You might be able to write it off. Details in IM Courses May Be Tax Deductible.

Kevin Colby looks at IRS data on who pays how much in taxes, posted at  KevinColby.com.

David Gross of The Picket Line continues his look at the history of tax resistance with Quaker resistance to tithes was an influential ancestor to war tax resistance.

Kent Anderson looks at Two Tax Years For the Price of One, posted at Bankruptcy Law Network.

Norwich_terrier_2 Leon Gettler of Sox First has news on Crocodile Dundee's challenge to Australian and U.S. tax officials, Come and get me, you bastards!

Staying abroad, Raag Vamdatt tells Indian readers How to fill Income Tax Return Form 2 (ITR2), posted at Financial Planning Demystified

And Mike Gogulski of nostate.com explains his issues with the Liechtenstein tax shelter investigation in Stealing for thieves.

Returning to United States issues, Madeleine Begun Kane has a poetic take on our tax-driven economy in Wham! Bam! No Thank You, Phil Gramm! It's posted at Mad Kane's Political Madness.

And we close with, for your viewing pleasure, Overlooked Tax Deductions, A Photo Essay, presented by Silicon Valley Blogger and posted at The Digerati Life.

I hope you enjoyed our canine collection of tax bloggings. Our next Tax Carnival is coming up in three short weeks, on Labor Day Monday.

You can be a part of it by submitting your blog article via our carnival submission form. Also be sure to check out our carnival guidelines, as well as our archives.

Dog images courtesy of American Kennel Club.

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Dog Days of Summer 2008
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Comments

Thanks for letting me be part of the carnival.

Kim Greenblatt

Very cool as soon as I figure out how I will add a track back to here. Ready for another.

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