Don't Mess With Taxes
Don't Mess With Taxes Recent Blog Posts
Reconfigured home buyer tax credit
on Oct 28, 2009 in Credits Economy Politics Real Estate Taxes OK, here's the latest iteration of the first-time home buyer tax credit extension, agreed to (or so some say) Wednesday evening by the Senate leadership and the sponsors of various proposals. The $8,000 credit would continue for first-time buyers. A...
Golf car credit controversy
on Oct 28, 2009 in Autos Energy Environment Politics Stimulus plan Taxes That headline is correct. The official name of these country club vehicles is golf cars, not carts. And the distinction comes in handy under a tax credit for all-electric vehicles. You might have seen the feature on the golf car tax break this mornin...
The sordid life of street accountants
on Oct 27, 2009 in Humor Tax preparers This is a hoot! Thanks to Stacie's More Tax Tips for tipping us to this hilarious expose of brazen accountants who walk the streets, illicitly providing financial and tax services. While the accountants in the video are in Australia, I'm sure the sam...
Get ready for increased audits
on Oct 27, 2009 in IRS Tax evasion Tax haven That's the word, uttered a couple of times in different venues, from the top IRS guy himself. But don't panic just yet. Sure the IRS wants to get all the money it is owed. That means all us regular taxpayers need to be sure we don't screw up our annu...
Extend home buyer credit, but cut it
on Oct 26, 2009 in Credits Politics Real Estate Taxes That's the latest word from Capitol Hill on the continuation of the first-time home buyer credit. Actually, it's the latest word from Air Force One. No, it's not the Prez talking, but Democratic Sen. Bill Nelson of Florida, who was on the plane with...
Estate tax exemption hike, rate cut
on Oct 26, 2009 in Estate tax Politics A bipartisan group of lawmakers say they have the plan to ease the estate tax burden. Their Estate Tax Relief Act of 2009 (H.R. 3905) would lower the estate tax rate and increase, over the next 10 years, the amount of assets that would escape estate...