Nov. 1: As November begins, you're obviously focused on the month's upcoming seasonal celebrations. But as meteorologically counterintuitive as it seems, today marks the final 30 days of the official Atlantic/Gulf of Mexico hurricane season.
We made it through October with no tropical systems hitting the United States, but many in the southeast are still recovering from Hurricane Idalia, which in September made landfall in Florida, and then moved northeast into Georgia and South Carolina. Still, it's best to stay storm prepared so we're ready for the next system (or whatever possible disaster is common in your area). The countdown clock below can help you keep track of the last days of hurricane season 2023.
If, or unfortunately when, you ever are in a major natural disaster, the ol' blog's special Storm Warnings pages can help in preparing for, recovering from (including claiming uninsured disaster losses as an itemized tax deduction), and helping those who sustain damages from the many ways that that weather goes wild.
Nov. 5: This first Sunday of November means we get an extra hour. Of course, we'll use the 60 minutes gained in our shift back to Standard Time on tax tasks, right?
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An easy but important tax move to make now is reviewing and adjust your payroll withholding. The goal is to avoid owing a lot or getting a refund next filing season. Tweaking withholding is an especially good idea if you have a gig work, either full-time or to supplement your wages.
Nov. 7: It's Election Day across the country, with decisions to be made on ballot issues, as well as on candidates for office. Among the ballot initiatives this year are tax matters before voters in Colorado, Louisiana, and Texas.
Image by Element5 Digital via Pexels.com
Find out how to vote where you live.
Nov. 10-11: Today, Friday, Nov. 10, is when federal employees recognize Veterans Day this year, since the Nov. 11, 2023, holiday falls on Saturday. Technically, Veterans Day is one of the few federal holidays that isn't shifted to Monday. The Nov. 11 date marks the official, formal end of World War I at the 11th hour of the 11th day of the 11th month of 1918. The commemoration eventually evolved into a day to recognize veterans of all armed conflicts.
Today and Saturday, Nov. 11, honor veterans however you feel is appropriate. If you're a business owner, consider hiring a veteran. Adding a new military-trained worker to your staff also might provide your firm a tax benefit thanks to the Work Opportunity Tax Credit (WOTC).
Nov. 13: If your job is as a server at a restaurant or at any other establishment where gratuities from customers are part of your compensation, I hope you got lots of financial thanks for doing your job well. Remember, though, that those tips taxable income
Whether you're dining in or, still COVID leery, getting food delivered to your home, if a tip isn't included on your restaurant or delivery bill, click the image above to calculate how much to tip the person who brought it to you.
And if you got at least $20 in gratuities in October for doing a good job as a food server or hair stylist or parking valet or whatever job where tipping is common, you must report that amount by today. Use
Form 4070 to let your employer know the total tips you took in last month.
Nov. 15: It's Tax Day for filers who endured major flooding in
Vermont. They must file their 2022 federal tax return today.
Nov. 16: Repetition alert. It's Tax Day again, this time for taxpayers in
55 of California's 58 counties who endured major disasters earlier this year. The only Golden State filers not covered by this extension are those who live or have businesses in Lassen, Modoc, and Shasta counties.
Nov. 20: Thanksgiving week is here! If you are able to be with your family, enjoy. Also think about those who can't, and if you can afford it, consider giving to the many charities, both national and those in your own neighborhood, that help the less fortunate. As long as the group is an
IRS-approved 501(c)(3) nonprofit, you might be able to claim your gifts as an itemized deduction on your 2023 tax filing next year.
Nov. 23: Happy Thanksgiving!
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Take a break from taxes for turkey, football, and time with your family and friends. If you also happen to have a little cash on some fantasy or, thanks to the Supreme Court, real games — even the NFL is okay with betting now — remember that wagering wins on sporting events, like all bet payoffs, are taxable income.
Nov. 30: Have you recovered from your holiday feast? If it, as well as self-indulgences earlier this year left you feeling a bit too heavy, get a head start on your New Year resolutions by hitting the gym. If your weight loss regimen is prescribed by a doctor to deal with a medical condition, you might be able to claim the exercise expenses as an itemized medical expense.
Small Business Tax Calendar: Important filing, deposit and record keeping dates throughout the year that your company needs to know. You can get more tax calendar information at the IRS' online calendar page and view the full year's important business and individual tax dates in IRS Pub. 509.
You Bail Them Out, We Opt Out.
Dear, I should say Expensive Chairman Ben S. Bernanke,
All of Our Economic Problems Find They Root in the Existence of Credit.
Out of the $5,000,000,000,000 bail out money for the banks, that is $1,000 for every inhabitant of this planet, what is it exactly that WE, The People, got?
If my bank doesn't pay back its credits, how come I still must pay mines?
If my bank gets 0% Loans, how come I don't?
At the same time, everyday, some of us are losing our home or even our jobs.
Credit discriminates against people of lower economic classes, as such it is unconstitutional, isn't it? It is an supra national stealth weapon of class struggle.
Credit is a predatory practice. When the predator finishes up the preys he starves to death. What did you expect?
Where are you exactly in that food chain?
Credit gets in the way of All the Principles of Equal Opportunity and Free Market.
Credit is a Stealth Weapon of Mass Destruction.
Credit is Mathematically Inept, Morally Unacceptable.
You Bail Them Out, We Opt Out
Opting Out Is Both Free and Strictly Anonymous.
My Solution: The Credit Free, Free Market Economy.
Is Both Dynamic on the Short Run & Stable on the Long Run, The Only Available Short Run Solution.
I Am, Hence, Leading The Exit Out of Credit:
Let me Outline for You my Proposed Strategy:
✔ My Prescription to Preserve Our Belongings.
✔ Our Property Title: Our Free, Strictly Anonymous Right to Opt Out of Credit.
✔ Our Credit Free Money: The Dinar-Shekel AKA The DaSh, Symbol: - .
✔ Asset Transfer - Our Right Grant Operation - Our Wealth Multiplier.
✔ A Specific Application of Employment, Interest and Money.
[A Tract Intended For my Fellows Economists].
If Risk Free Interest Rates Are at 0.00% Doesn't That Mean That Credit is Worthless Already?
Since credit based currencies are managed by setting short-term interest rates, on which you have lost all control, can we still say that are managing?
We Need, Hence, Cancel All Interest Bearing Debt and Abolish Interest Bearing Credit.
In This Age of Turbulence The People Wants an Exit Out of Credit: An Adventure in a New World Economic Order.
The only other option would be to wait till most of the productive assets of the economy get physically destroyed either by war or by rust.
It will be either awfully deadly or dramatically long.
A price none of us can afford to pay.
“The current crisis can be overcome only by developing a sense of common purpose. The alternative to a new international order is chaos.”
- Henry A. Kissinger
What Else?
Until We Succeed the Economy Will Necessarily Keep Sinking Into a Deeper and Deeper Depression
You Bail Them Out, Let's Opt Out!
Check Out How Many of Us Are Already on Their Way to Opt Out of Credit.
Let me provide you with a link to my press release for my open letter to you:
Chairman Ben S. Bernanke, Quantitative [Ooops! I Meant Credit] Easing Can't Work!
I am, Mr Chairman, Yours Sincerely [Do I really have the choice?],
Shalom P. Hamou AKA 'MC-Shalom'
Chief Economist - Master Conductor
1 7 7 6 - Annuit Cœptis
Tel: +972 54 441-7640
Fax: +972 3 741-0824
http://edsk.org/
Posted by: MC-Shalom | Sunday, January 25, 2009 at 11:03 AM
Interesting blog. I don't think that raising taxes on the wealthy will necessarily solve this crisis. I wrote a blog entry on this last week, which you might be interested in reading.
Cheers,
Adam Powell
adampowell.com/invest
Posted by: Adam Powell | Friday, January 23, 2009 at 05:34 PM