Category Archives: Taxes

Charitable Tax Deduction Donantion Changes

There are a number of new tax laws in recent years when it comes to charitable contribution deductions. These are some pretty significant changes, so keep in mind the following as you do your taxes in regard to the cash … Continue reading

Posted in Taxes | 2 Comments

Dissecting Your Paycheck

So you made it out into the real world and received your first paycheck. Wait a minute…Where did it all go? You were expecting X amount of dollars, but probably received a lot less. It amazes me how little the … Continue reading

Posted in Personal Finance, Taxes, Work | 23 Comments

10 Stupid Arguments For Not Paying Your Income Taxes

The IRS hears so many of the same ridiculous arguments by people claiming they are not liable to pay income tax that it has posted a 64-page document on its website called “The Truth About Frivolous Tax Arguments.” It sets … Continue reading

Posted in Taxes | 19 Comments

How Buying Mice Saved $15,000 Of Your Tax Dollars

You’ve likely heard of numerous stories in the past about the government spending ridiculously high amounts of money on basic items such as the $640 toilet seat, the $435 claw hammer and $7,600 for coffee makers. In an effort to … Continue reading

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One-Third Of Taxpayers Not Taking Free Money

The IRS sent out a press release due to many people making mistakes on getting the free money they are entitled to through the one time Telephone Excise Tax Refund for 2006 taxes. One of the points highlighted by the … Continue reading

Posted in Making Money, Taxes | 1 Comment

Should You Hold Off On Filing Your Taxes?

Conventional wisdom would say that if you’re expecting a sizable Federal income tax refund, you would want to file your tax return as soon as possible to collect your money that you have been lending the IRS interest free during … Continue reading

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How Much Do You Pay In Taxes?

That is my question for today. How much do you pay in taxes? Remember the answer you have just given and keep reading. I had an interesting conversation with a friend a couple of days ago on this subject. We … Continue reading

Posted in Taxes | 13 Comments

Tax Preparers Become Loan Sharks

The tax preparers have seen the light and realize there is more money to be made being loan sharks than by preparing your taxes. And they have taken it to a whole new level this year by not even requiring … Continue reading

Posted in Saving Money, Taxes | 4 Comments

TV Producer Looking To Interview Someone

I received an email from a TV producer named Pam Wheaton Shorr who has sought people from our forums on other stories in the past that is putting together a story about the new IRS option to split your tax … Continue reading

Posted in Saving Money, Taxes | 1 Comment

How Taxes Really Work

The following story has been circulating around the Internet since 2001, but it is always a humorous read (and will get you thinking a bit) as people start to put their taxes together so I thought I’d place it up … Continue reading

Posted in Taxes | 6 Comments

IRS Tax Deduction

Had to smile when I saw this: Courtesy of blakefacey

Posted in Taxes | 5 Comments

Tax Deductions A to Z

I received a package in the mail the other day with a line of books called Tax Deductions A to Z by Anne Skalka ($12.95 each) which I found to be an interesting twist to most tax books I come … Continue reading

Posted in Taxes | 3 Comments

1 Week Left For Tax Procrastinators

If you’re one of the 9.6 million people that filed an extension for filing your taxes and have been procrastinating, you have a week before they absolutely have to be turned in. Monday October 16 is the deadline for all … Continue reading

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IRS $30 – $60 Telephone Tax Refund Coming

If you paid long distance telephone tax (after Feb. 28, 2003 and before Aug. 1, 2006), you will qualify for a $30 to $60 tax refund on your 2006 tax return. The IRS has announced standard amounts for the refund … Continue reading

Posted in Saving Money, Taxes | 2 Comments

IRS Form 8888 – Split Refund

I mentioned earlier that the IRS was planning to allow taxpayers to designate their refund to several accounts rather than just one beginning next year. The IRS just released a sample copy of IRS Form 8888 which will allow you … Continue reading

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IRS Tax Refund Multiple Direct Deposit Offered

Some good news from the IRS today. Beginning January 2007, if you are getting a tax refund, you can designate the tax refund to go into up to three different accounts. Previously you could only designate a single savings or … Continue reading

Posted in Taxes, X Files | 2 Comments

Tax Refund As Savings – A Good Idea?

I read an interesting article about new legislation being proposed in California where your tax refund could be split and sent to two different accounts instead of just one. The reasoning is that by doing this, people will be more … Continue reading

Posted in Personal Finance, Taxes | 3 Comments

Tax Cartoons

Get your fill of tax cartoons: Tax Cartoons 2006

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Turn In Tax Cheats And Make Money

While most people don’t like to pay taxes, what’s even worse is when you know someone who should be paying taxes, but they are cheating on them to not pay their fair share. According to the IRS, taxpayers underpay their … Continue reading

Posted in Making Money, Taxes | 54 Comments

Adjust Tax Withholdings – Daily Tip

With taxes due just around the corner, you have (or soon will) find out whether you’re paying or receiving a refund. While a large tax refund is fun to get, it’s also an indication that you’re not having the correct … Continue reading

Posted in Taxes | 2 Comments