Owner: Taxgirl URL:www.taxgirl.com Join Date: Sat, 24 Mar 2007 09:29:06 -0500 Rating:0 Site Description: tax news, tax policy, tax answers wrapped up in bloggity goodness. Site statistics:Click here
Murphy Denied Cert at Supreme Court 2008-04-21 16:37:54 To no one’s surprise (except Murphy
’s counsel), the SupremeCourt
denied cert in Murphy v. IRS, 493 F.3d 170 (D.C. Cir. 7/3/07).
Counsel for Ms. Murphy has indicated that the process has been political - you can read the press release here.
You know that I’ve had my say about Murphy - read up if [...] Read more:Supreme Court
Ask the taxgirl: Loss Carry Forward and Divorce 2008-04-23 20:54:28 Taxpayer asks:
Hi–
Was wondering if you could advise on what happens if a married couple has, say, a capital loss carryover, and the couple divorces. Do they just split the carryover down the middle? Can they negotiate the amount each takes? Does the carryover amount change with a filing status change?
Taxgirl says:
Divorce and [...] Read more:Carry
, Forward
Happy Tax Freedom Day! 2008-04-23 13:24:26 Today is Tax Freedom
Day in the US - and unfortunately, it’s not as enticing as it sounds. Tax Freedom Day is the first day of the year when the country has earned enough to pay its taxes.
The idea of Tax Freedom Day was developed in the US by a businessman named Dallas Hostetler. [...] Read more:Happy
Court Ruling? Court Schmuling. Texas Decides to Collect Stripper Tax Anyway. 2008-04-22 22:43:21 The Texas
Entertainment Association (TEA) has announced that adult cabarets (or as most people call them, strip clubs) received notification from the Texas Comptroller that the $5 stripper tax is due despite a court ruling that the tax is unconstitutional.
A Texas judge had ordered that the, “Defendants are permanently enjoined from assessing or collecting the [...] Read more:Court
, Collect
, Stripper
, Anyway
Snipes Promises Appeal 2008-04-24 20:01:48 After being sentenced to the maximum three years in federal prison for his convictions on tax evasion charges, Wesley Snipes vowed to appeal.
Interestingly, just before the sentence was announced, Snipes asked the court to show mercy and paid $5 million. His checks were cashed - to be applied towards the amount Snipes allegedly owes [...] Read more:Promises
, Appeal
Snipes Sentenced 2008-04-24 17:05:43 Wesley Snipes has been sentenced to three years in federal prison for his conviction on tax evasion charges.
I’ll post more information as it becomes available.
Tags: tax evasion, Wesley-SnipesShare This Read more:Sentenced
Judges Say Good Things About Snipes 2008-04-24 15:49:09 Unfortunately, those judges that did say good things on Snipes’ behalf don’t really matter in this case…
Yep, TV judges Joe Brown and Greg Mathis offered character references for Wesley Snipes for his sentencing hearing.
Judge Joe Brown noted that he was writing “not as a celebrity” (good because I don’t know that I would go that [...]
The Case Against Snipes 2008-04-24 13:34:06 If you’d like to read the entire argument made in favor of the maximum sentence, you can read the US Sentencing Memorandum here by downloading it as a pdf (it’s 37 pages!).
Tags: , IRS, Sentencing Memorandum, sentencing recommendations, tax evasion, Wesley-SnipesShare This
How Much Jail Time Per Dollar of Tax Fraud? 2008-04-24 13:19:29 A reader asked what the “per day” sentencing would be in the Wesley Snipes tax trial… What a great question!
If the maximum sentence of three years was imposed for the alleged $2.7 million dollars that Wesley Snipes evaded in tax (according to prosecutors), that works out to one day served for every $2,465.75 in [...] Read more:Dollar
You Can Be a Millionaire and Pay No Taxes! 2008-04-24 12:37:45 I asked folks on twitter whether or not they believed that Wesley Snipes would do jail time. So far, a resounding “NO” - except for me. My theory is that the judge didn’t appreciates Snipes’ legal maneuverings and that, together with the fact the prosecutors want hard time will likely result in some [...] Read more:Millionaire
, Taxes
Take Our Daughters and Sons to Work Day: My Kids Tell All 2008-04-24 11:21:06 My five year old daughter offers this perspective on my job:
What do I do?
You do taxes and stuff.
What are taxes?
Taxes are faxes.
What are faxes?
The taxes.
What do I do at my job?
Talk, I think. Feed Lyle (that’s our dog). Cook dinnner.
For my job?
Uh-huh.
Do you think my job is interesting?
Umm. No.
What do you [...]
Snipes to be Sentenced Today 2008-04-24 07:27:24 Image details: 80th Annual Academy Awards - Arrivals served by picapp.com
Wesley Snipes will find out today whether he will spend time in prison for convictions on three misdemeanor counts of willfully failing to file taxes. Snipes was acquitted on other misdemeanor and felony charges by a jury in February.
I am exactly sure what to [...] Read more:Sentenced
, Today
Delays in Refund Status Reporting 2008-04-26 10:38:29 Take note: The IRS has announced that users of the Where’s My Refund
? feature may experience intermittent outages on Sunday, April 27, 2008 between the hours of 1:00 a.m. – 6:00 a.m. EST.
Tags: 1040, income-tax, IRS, tax refund, tax refundsShare This Read more:Delays
, Status
, Reporting
Where’s my refund? 2008-04-26 10:37:37 Whew. Tax Day has come and gone. Maybe you’re waiting on a refund - not the rebate (that’s something different) - but a refund.
If at least 28 days has passed since you filed, you can check with the IRS to find out the status of your refund.
You can:
Call the IRS Refund Hotline at [...]
Rebate Schedule Changes 2008-04-25 17:04:29 Recession? What recession?
President Bush has announced that the delivery of the rebate checks will happen sooner than initially planned. The checks will be distributed beginning Monday, four days earlier than expected.
Paper checks will be mailed May 9, one week earlier than expected.
Here’s the breakdown.
For direct deposit:
For paper checks:
Four days earlier… Do you [...] Read more:Rebate
, Schedule
Top 10 Ways to Make Paying Taxes More Fun 2008-04-25 10:19:50 If you’re like me, every year at about this time, you make a vow that the next tax year will be different.
If you’re like me, you’re also six feet six inches tall, an incorrigible wise-ass and think you’re way cooler than you actually are.
For the purposes of this discussion, though, we should probably [...] Read more:Taxes
Ask the taxgirl: Tax dollars for illegal immigrant health care? 2008-04-28 10:40:20 Taxpayer asks:
Dear Taxgirl,
In the last couple months, I’ve received a spammy e-mail asking me to sign an “electronic petition” against a tax increase so the government can provide health care to illegal
aliens. I deleted this whenever I got it, because it just sounds like some urban legend to me. I mean who [...] Read more:dollars
First Rebate Checks to be Deposited Today 2008-04-28 06:36:26 The first wave of rebate payments will be direct deposited today. You can check the revised payment schedule here.
It will be interesting to see how the market reacts - if at all - to the anticipated buoyed spending.
Of course, as President Bush has now acknowledged that most folks will spend the rebates on necessities [...] Read more:First
, Rebate
, Today
Who’s on the taxgirl Blogroll? 2008-04-27 17:15:28 It’s time to take a look at the ol’ taxgirl blogroll and do some updating!
Since the blogroll is really for my readers’ benefit more than mine (I depend heavily on Google reader for my daily fixes of tax and financial goodness), I would love to know what you’re reading…
Submit your tax, financial, business, money and [...] Read more:Blogroll
taxgirl and Trademark Infringement 2008-04-27 10:55:41 I’m taking a few hours away from my normal tax reporting to get my house in order - my virtual house, that is.
I trademarked taxgirl after years (and years) of use and it is now protected.
Despite this fact, there are folks flitting here and there using taxgirl as an identifier and even writing tax-related blogs [...] Read more:Trademark
Ask the taxgirl: Rebates and foreign taxpayers 2008-04-29 09:24:45 Taxpayer asks:
Just curious, are the foreign taxpayers who are not American citizens also going to get the stimulus rebate checks? I’ve heard people from all over the world have been filing tax forms for the stimulus payment. (And apparently, these are non-American citizens who have social security numbers).
Taxgirl says:
Permanent residents overseas who are American [...] Read more:Rebates
Britney Spears Gets Slapped - With a Lien 2008-04-28 22:08:53 Image details: Rolling Stone Celebrates 2006 Grammy Nominees With Kanye West - Arrivals served by picapp.com
That stalwart of tax news and information, E! Online, is reporting that one of BritneySpears
’ numerous name-brand companies, Britney Online, Inc., owes $23,589.17 in California taxes from 2004. The state has slapped the company with a lien. [...] Read more:Britney Spears
taxgirl on Alltop 2008-04-30 13:33:18 taxgirl.com is now on Guy Kawasaki’s Alltop! You can catch us - as well as other cool legal news - at
Psst, what are you waiting for?
Tags: Alltop, Guy Kawasaki, taxgirl, taxgirl.comShare This
Important Rebate Information 2008-04-30 12:13:08 I have received a ton of emails asking about the status of the tax rebates, many sounding quite desperate.
First of all, I have to say that the level of concern about the timing of payments is really discouraging and indicative of the severe state of our economy. Taxpayers are telling me that they need [...] Read more:Rebate
Ask the taxgirl: Decedents and Rebates 2008-04-30 11:50:25 Taxpayer asks:
I have a problem. I let my son’s father claim us on his taxes and he died on 3/29/08. What do I do to get the rebate back on, at least on my son and myself? Not to sound morbid! But what can I do?
Taxgirl says:
If [...] Read more:Rebates
Happy blogoversary, taxgirl! 2008-04-30 08:28:31 Image details: Senior man holding a birthday cake served by picapp.com
Today marks the one year blogoversary of taxgirl.com on b5media.com! My, how time flies.
The blog has actually been around since 2005… but became part of b5media.com on this day last year. It has been a fantastic ride and I am so grateful [...] Read more:Happy
Would a Gas Tax Holiday Help… or Hurt? 2008-04-30 04:08:28 Both McCain (GOP) and Clinton (Dem) have called for a temporary suspension of the federal gas tax - or a gas tax holiday - for the summer in response to higher gas prices. Obama has so far not endorsed such a move.
There is currently a 18.4 cent federal tax imposed on each gallon of [...] Read more:Holiday
Ask the taxgirl: Extending/Amending Returns and Rebates 2008-04-29 21:46:38 Taxpayer asks:
Hello,
I have a daughter born 3/3/06. There has been a delay in her birth cert. due to name change which also means I have not been able to acquire a ss# for her.
I am going to do an amendment for the past 2 tax years once I receive the proper documents [...] Read more:Rebates
, Returns
God Wants Your Rebate Check (and Your Refund Check) 2008-05-01 20:11:58 Well, at least according to Pastor Steve Munsey on TBN…
Are you ready to “give your way out of trouble?” Comments?
Tags: economic stimulus plan, God, rebate, rebates, Steve Munsey, tax rebate, tax rebates, TBNShare This Read more:Rebate
, Check
, Refund
Where’s My Rebate? The IRS Has (Some) Answers. 2008-05-01 15:32:43 Finally.
The IRS has a feature available on its web site where you can check the status of your rebate. Visit “Where’s My Stimulus Payment?” and have on hand your legal name, filing status, Social Security number and number of exemptions shown on your 2007 return. You must have filed your tax return at [...] Read more:Rebate
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