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Tuesday, April 03, 2012


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I always pay my taxes on the time and suggest other people to do so because it is good for us as well as for country.

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Weekly Tax Tip

  • Summer 2014 sales tax holidays -- It's time for a summer perennial, the back-to-school sales-tax holidays. But in many of the 16, and possibly 17, states holding tax-free events this year, the savings go beyond classroom items. The first holiday started July 25 in Mississippi. The summer events will wrap in mid-August. So make your shopping lists and be sure to double check your state's guidelines on what's nontaxable and what still is taxable during your tax holiday. (July 23, 2014)

  • Tax Tip; click pencil for all tax tip links

    Check out all the latest post-April 15 advice at Weekly Tax Tips 2014.

    You also can get a refresher of the Daily Tax Tips posted earlier this year on their respective monthly collection pages: January, February, March and April.

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Counting Down to Tax Day

Time for Tax Tasks

  • monthly tax moves

  • July 1: Welcome to the last half of 2014. July is the perfect month to make some midyear tax moves that can help reduce your 2014 tax liability.

    An easy move is adjusting your payroll withholding so that it more accurately reflect any changes to your life that have occurred so far this year. All it takes is filing a new W-4with your employer.

    July 4: Most of us will never be totally independent of taxes, but we can celebrate fewer tax hassles. A tax professional can help you get your tax life in shape. Now that the April deadline is well past, many have time for new clients. And if you got an extension to file your 2013 return, your newly-hired tax preparer can help take care of that lingering tax task.

    July 10: Does your job compensation include tips? If so and you received $20 in tips in June, use Form 4070 to report them today to your employer.

    July 14: The 2014 Atlantic/Gulf of Mexico hurricane season, which began on June 1, got real this month with Hurricane Arthur making landfall in North Carolina and then moving up the Eastern Seaboard on the three-day July 4 holiday weekend. The storm season, being ticked off on the countdown clock below, will officially continue through Nov. 30

    But natural disasters can occur anytime, anywhere. So it's always good to make storm and financial preparations and claim the special tax help that the Internal Revenue Service offers in the wake of such catastrophes. You can find more on how to do just that at our special Natural Disasters Resources blog page.

    July 17: Ah, summertime and the living is easy … as long as you have a great day camp for your kids. Working parents can use the day camp's costs to help claim the child and dependent care credit.

    July 22: For older kids, getting a summer job is a rite of passage. It's a great way for them to earn some spending money -- or sock away a bit for coming college costs --- and learn life-long financial responsibility lessons. They'll also get schooled on the role of taxes taken out of their paychecks.

    July 25: In addition to putting some summer job earnings toward college savings, your young employee can start building a retirement nest egg by opening a Roth IRA.

    July 31: Don't forget about your own retirement. If you got a raise this year, bump up your contributions to your retirement accounts.

    Small Business Tax Calendar: Important filing, deposit and record keeping dates throughout the year that your company needs to know. You also can view the full year's important business tax dates in IRS Pub. 509.

State Tax Help

  • Don't forget your state taxes!
    Forty-three states and D.C. collect personal income taxes. But even if you live in of the seven states without an income levy, you still face other state (and local) taxes.

    State Tax Departments provides links to your state's Web page. The companion page, Tax Tidbits, is the compilation of blurbs about each state's tax laws. And for more state tax news, check out all our state tax bloggings.


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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.

I gotta tell ya ...

  • AKA Disclaimer:
    I am a professional journalist who has been covering tax issues since 1999.
    I am not a professional tax preparer.
    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. In other words, specifically the words in Treasury Circular 230 Notice, any U.S. tax advice on this blog is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing, or recommending to another party any transaction or matter addressed on this blog. That's why when it comes to filing your taxes,
    I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent or other qualified tax professional who is familiar with your individual tax circumstances.

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