Christmas arrives in just three days. That means it's time for our annual Stocking Stuffers edition of the Carnival of Taxes.
As we all wish for this time of year, we have a nice variety of Tax Carnival gifts. So with Christmas and tax planning time at a premium, lets start emptying out the goods from our Tax Carnival #44: Stocking Stuffers 2008.
It's not surprising that many of our holiday edition tax carnival bring us good tidings of ways we can still whittle down our 2008 tax bills.
Money Ning assures us, "There's still time to make sure you pay as little tax as possible!" To that end, he presents 5 Areas to Look Into Before the 2008 Tax Year Ends, posted at Personal Finance Blog by Money Ning.
More yearly wrap-up help comes from Super Saver, who presents Year End Tax Strategies for 2008, posted at My Wealth Builder.
In that area, Madison presents Opening a New Solo 401k, posted at My Dollar Plan.
If you already have a traditional IRA, you'll want to open the tax tip gift from Robert D Flach, who tells us NOW HERE'S A THOUGHT. It's posted at THE WANDERING TAX PRO.
Older readers who are facing required minimum distributions from their tax-deferred retirement accounts will want to read how Brian answers his post's question, Mandatory 401K Withdrawals Suspended? You'll find it at MonitorBankRates.com.
One Family goes a bit further, looking at Employee Stock Purchase Plan (ESPP) and 401K Retirement Plan Annual Enrollment and Contribution Review. You'll find it posted at One Family's Blog.
Snazzily wrapped investment tax news comes from Sun, who presents 0% Long-Term Capital Gain Tax from 2008 to 2010 for Some Investors. It's posted at The Sun's Financial Diary.
What about those big-dollar investors on Wall Street? Leon Gettler wants to know, "How does Goldman Sachs get away with a 1 percent tax rate?" Because, says Leon, it made a loss and because of tax havens. Read more at Goldman Sachs tax lurk, posted at Sox First.
Fa la la la la, a good tax move for investors in any income bracket comes from Jim in his look at Tax Loss Harvesting, posted at Blueprint for Financial Prosperity.
You don't necessarily have to be rich to own a second home. You do, however, need to know Owners of Second Homes: Beware of New Tax Laws. The warning, says FMF, comes from a guest poster at Free Money Finance.
If you want to know How do Federal Income Tax Brackets Work?, then nickel has your answer over at fivecentnickel.com.
A second lesson comes courtesy of Cindy Morus, who fills us in on What's a Marginal Tax Bracket? at Mend Your Money.
The reason for the season is giving, but there are some special tax issues that gift-giving business people need to know. If that's you, you'll want to check out Diane's offering on Gift Expenses and The IRS, posted at Need IRS Help?
Jeff Tilley presents A Word About Tax Liens, posted at IRS Tax Problems.
And when it comes to the IRS, Todd Shoemaker wants to know, Is Your Social Security Secure? Find out at TaxDollarsAndSense.
Most of us look forward to the December holidays, but Thursday Bram wants to know, Income Tax Holidays: Do We Really Want Them? Read the answer at Tax Hacks.
Sometimes it feels as if too much is required of us at Christmastime. Well, the demands don't get any easier when you're talking taxes.
Walter Wallace alerts us to IRS Plans Crackdown on Withholding Taxes, posted at Wally's World of Taxes.
Roger Hadad takes a look at Frivolous Tax Arguments: Only Foreign-Source Income is Taxable, posted at Tax Help for the Rest of Us. The post contains, says Roger, "great information on frivolous tax arguments that trap people into thousands of dollars in debt with the IRS."
A look at some specific tax resistors is examined in Moorlock's American Quaker War Tax Resistance: A Book Review, posted at Quaker Pagan Reflections.
Finally, a lot of folks take on second jobs over the holidays to help them buy gifts. Khan has an interesting employment proposition: Let the IRS Pay You, posted at Higher Education and Career Blog. "You may get to bring something to work
I know that last item is going to attract the attention of folks who are pushing for a law change that would allow us wild Texans to walk around with our weaponry in full view. Too bad there's not a tax on stupidity; treasuries at every governmental level would be overflowing!
If you could find such a tax, it would be a definite item for a future Tax Carnival. Just make sure you get it to me, via our Blog Carnival submission page, by Jan. 3, 2009. That evening is the deadline for tax-related bloggings to be considered for inclusion in the first Tax Carnival of 2009. That Carnival, number 45, will be posted Monday, Jan. 5, 2009.
I hope to see all you great readers and contributors back then. In the meantime, I hope you enjoyed the 44th Tax Carnival: Stocking Stuffers 2008.
And to all, I wish you Merry Christmas, Happy Holidays and a Happy New Tax Year!
Images of handmade stockings courtesy of The Christmas Corner