🎆 Happy 🎉 New 🥂 Year! 🎆 via GIPHY
Hello 2023! I cannot tell you how happy I am to see you! I know, I said that about 2021 and 2022, but I really, really mean it. And I'm hoping you reciprocate, you brand spanking new year, on the personal front by letting go of COVID-19, and, on the tax side, by making this the year that taxes also get back to normal. Don't laugh. A gal can hope!
Jan. 1: Once more for the official date — Happy New Year! One way to make things more enjoyable on the tax front is to get organized this month. Early this month. It will help you keep track of the myriad tax documents — W-2 earnings statements, 1099 forms, charitable donation receipts, year-end account statements — that will soon be on their way to your email or snail mail box. You'll need those (and more) to file your 2022 tax return as soon as the Internal Revenue Service starts accepting them.
Jan. 3: It's the first official work day of 2023. It's also a deadline for employers, including those who are self-employed, who took advantage of the COVID relief option in 2021 to defer the employer's portion of the Social Security payroll tax; that's 6.2 percent of each worker's wages. If you didn't remit thr taxes before the end of December, today is the absolute final due date for paying the balance of those postponed tax collections.
Jan. 6: It's Friday, the end of the first holiday-shortened work week of 2023. Even though most of us are thinking about filing our 2022 returns when the IRS opens filing season later this month, we also need to start our 2023 tax planning. Start with the inflation adjustments that apply to a variety of tax situations. You can find this year's figures in the ol' blog's 10-part tax inflation series.
Jan. 9: Tonight, TCU's Horned Frogs and Georgia's Bulldogs face off at SoFi Stadium in Los Angeles to decide the men's college football championship. Thousands of fans are rooting for their teams. Even more people with no personal connections are betting on the game, thanks to the Supreme Court's 2018 ruling to allow states to accept sports wagers. If you're one of those bettors and your pick pays off, remember that you'll owe taxes on your winnings. The good news is that you won't have to share your luck with Uncle Sam until you file your 2023 return next year. The better news is that there are ways to reduce your taxable winnings.
Jan. 10: Do you work 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, but remember that those tips are taxable income.
Whether you're dining in or, still COVID leery and 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.
If you got at least $20 in gratuities in November, you must account for the tips today by using
Form 4070 to report last month's tips total to your employer.
Jan. 13: It's the first Friday the 13th of 2023. That might not worry you, but even non-superstitious folks are frightened a bit by taxes. However, on this or any other day, don't fear, or fall for, these
13 scary, but wrong, tax myths.
Jan. 16: Every
Martin Luther King Jr. Day, millions of people commit to a
day of service.
Click image to find out ways
you can volunteer on MLK Day. Taking time on the Rev. Dr. King's holiday to volunteer at a charity isn't tax deductible, but some costs associated with
volunteering could help reduce your tax bill if you itemize.
Jan. 17: Today is the due date for the final
estimated tax tax payment for the 2022 tax year. It's usually on the 15th, but that fell on Sunday. Then Monday was the federal MLK Day holiday. So the final estimated tax payment deadline was shifted to the next business day, Tuesday, Jan. 17.
Jan. 17: This date isn't firm yet, but the IRS and its Free File Alliance partners usually offer their no-cost online tax preparation and electronic filing program Free File around the middle of January. When the special
Free File website at IRS.gov is available, take advantage of it if you qualify.
Free File last year was open to taxpayers whose adjusted gross income was $73,000 or less, but that earnings limit should be bumped up a bit for the 2023 filing season. Whatever the amount, the income level applies to all
filing statuses.
Jan. 23: If you make too much to use Free File, and don't want to use its Free Forms option, you always can purchase your own tax prep software or high a tax pro to handle your taxes. If you looking to hire someone, get to it now. At this point, if you can
find a tax preparer taking new clients, you'll be at the end of the filings list. But at least you'll be on the list.
Jan. 27: It was this week last year that the IRS started accepting and, more importantly, processing tax year returns. If you plan to be among the earliest of filers, you need to make sure you have all the necessary information and documentation. Check out
this list of the statements, documents, and forms you'll need before you start work on your return.
Jan. 31: Wow! The first month of 2023 is over? Time really does fly when you're having tax fun. We'll keep it going here in this new year with new Tax Moves to Make each month, which you also can find on their monthly tax tips pages.
January already is filling up!
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.
i never thought this could be possible, taxing cosmetic surgery operations!!!
Posted by: cosmetic surgery Sydney | Sunday, April 24, 2011 at 10:52 PM
Why pay extra tax for looking beautiful. It seems that law body is trying to loot people this is not good at all. If some one want's to look young and beautiful than why charge extra from them I just can't understand and this should never happen at all.
Posted by: dr usha rajagopal | Saturday, February 19, 2011 at 12:46 AM
I absolutely agree that just wanting a facelift does not ensure you are rich...have to check out other things also.It is a personal choice to spend ones money.
Posted by: Atlanta Plastic Surgeons | Thursday, December 02, 2010 at 11:13 AM
That's crap. Lots of people having plastic surgery use carecredit to pay for it. They certainly aren't rich. That was just an all around bad idea. I'm glad it hasn't gone through....yet. But it could in the future. I think those lawmakers are just jealous that plastic surgery patients have the guts it takes to improve their looks and are determined enough to go under the knife to get what they want.
Posted by: CAPlastic Surgeon | Tuesday, September 28, 2010 at 10:32 AM
Great article. I find it very frustrating how Washington feels it's okay to tax everything.
Posted by: Cosmetic Surgery Philadelphia | Tuesday, August 03, 2010 at 12:26 PM
Doctor's are already charged with taxes for their professions, consumers/people pay's taxes every payday, government shouldn't ask for taxes on this kind of matter.
Posted by: Cosmetic surgeon Los Angeles | Wednesday, June 02, 2010 at 11:41 PM
I agree, taxes should be equal to all. Not all surgery is for vanity purposes only, it is also used to improve confidence on oneself for work purposes. Cosmetic'>http://www.drcalvertmd.com">Cosmetic
Posted by: Cosmetic Surgery | Sunday, February 28, 2010 at 06:22 PM
That's it! being vain really is a pain in the pocket.
Posted by: Plastic Surgery Los Angeles | Tuesday, January 12, 2010 at 04:29 PM
Keep up the great blogging!!!
San Antonio Dentist
Posted by: john | Tuesday, November 24, 2009 at 01:58 AM
Clearly, the government will COST you money. And free markets will SAVE you money. Example. Professional Teeth Bleaching. You pay: 110% with the new tax. 50-75% in a free market economy, through available discounts. See http://dentalcool.blogspot.com/2009/11/cosmetic-teeth-whitening-dental-plan.html Your pick. Now of course, you don't want companies in bed with the government, that is just not free markets anymore.
Posted by: Katterine re: cosmetic dental plan vs TAX | Monday, November 23, 2009 at 01:23 PM
This has nothing to do with race or gender. this is a take over of the american people so the goverment can control our society. I find this crazy, insurance companies wont pay for the surgery, it is paid by the individual and with the assumption that the money they are useing is from working and has already been taxed to the hilt. this is all about goverment control. so whats next vacation tax??? If this goverment passes this who's next? If they would stop wasteing tax payers money and focus on our country we would be ok, but instead we go in and bomb the hell out of china, iraq etc then pay to rebuild them so our tax dollars go towards the destruction of other countries then the rebuild of those countries. plastic surgery tax, ha, I never thought I would be alive to hear this one and I am 39 yrs old. and I may want that option to have a surgery, just like 3 years ago I had lasik for my eyes and had to finance that if it would have had a tax I would have never been able to afford the procedure. soon they will have a telivision tax for anyone who has cable or dish. tax more on alcohol, tabaco. I think if we let this tax pass with out a fight soon they will tax medications! eating out, etc. for any of you whom believe this is ok, it's not, this is not about the luxury of changing ones appearance or improving it this is all about GOVERMENT CONTROL. what happened to the land of the free, we are all caged like animals with the satelite cameras etc. some of you mention taxing other things and events, NO. the Goverment needs to take a pay cut and fund the defecit, do you really think the house, senate etc worry about food, electric, gas, living expense. look at the payroll of our goverment. why should we the american people suffer any more, WHY SHOULD WE TRY TO CONSIDER SOME OTHER CRAZY TAX OVER THIS ONE. They take and take from us with empty promise and hope! look around yourselves we are not free, I know now in my life time I will be on this earth to see GOVERMENT LOCKDOWN. boarders closed, guidelines and new rules (laws) as well as curfews around the nation. we will have the rich and the poor as the poor will die off and the mass production of human kind will be limited. how much is a marraige license??? why not triple that fee, marraige this day and age is nothing because it is easy to do and easier to divorce. taxing couples for each child they produce, taxing the elderly for medications they need to survive so they wont be able to purchase it and they will die sooner saving the goverment from supporting them any longer. I disagree with all of this. I believe we should stand as one nation and do not allow the goverment to take over our personal lives. I know I will not go down with out fighting every tax they try to impose because of poor spending on the goverments part! I am proud to be an american but who ever is laying in bed at night dreaming up these crazy ways to raise money to save the goverment is insane! when is enough going to really be enough??? some may not agree with my view on this but I do, and it will boil down to a controlled society and if you dont blend well with it and conform then your gone! I'm going to go write a book now a best seller, I bet they will try to tax me on every letter I write. to anyone who reads my comment peace be with you and believe in yourself and what you believe is right and wrong.
Posted by: West | Sunday, November 22, 2009 at 04:43 PM
Really liked this post. I will have to bookmark this site to tell my friends.
Posted by: denver plastic surgery | Tuesday, October 27, 2009 at 11:18 AM
As far as I see it, when an industry does well, the government is just so eager to tax it. It only means more revenue to abuse.
Posted by: KL Karrington | Wednesday, October 21, 2009 at 12:36 AM
It is unjust to single out one industry for higher taxes if that industry is not harmful to society. What harm does cosmetic medicine commit? What does it have to do with healthcare reform any more than the automobile or the computer industry? If they want to raise taxes do it across the board rather than scapegoating individuals.
Posted by: Alex | Saturday, August 01, 2009 at 02:37 AM
The medical aesthetics industry is under attack!
The US Government is pushing for 10% Plastic Surgery Tax on cosmetic procedures which are not deemed medically necessary.
This includes Botox, Liposuction, Rhinoplasty, Teeth Whitening, Face Lift, Tummy Tuck and more!
Your action is needed now! Help us stop the 10% Plastic Surgery Tax!
Sign the STOP Bo-Tax petition today!
http://www.stopbotax.org/
Posted by: Stop Botax | Friday, July 31, 2009 at 01:02 PM