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Taxes
Reader Tip: Make Your Deductible Donations Before January
Over time we each develop a unique saving style, which is why we started the How Do You Save? group for you to divulge your winning tactics. The group offers a place for you to dole out your advice to other SavvySugar readers trying to save a little moolah and learn from their experiences.
IRS Gets in On the Twitter Action
It's official. Everyone is now on Twitter, even the IRS. By following @InternalRevenue you can keep up with tax updates and IRS announcements.
Nicolas Cage's Unpaid 2007 Tax Bill: Guess How Much?
He's certainly not the first celebrity to get in trouble with the IRS for not paying his taxes, and Nicolas Cage is currently under scrutiny for unpaid taxes from 2007. Can you guess how much the IRS is after him for?
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Sales Tax-Free Shopping Days Coming Up in Your State
For those of us who deal with sales taxes on a daily basis, any reprieve from paying extra can be an exciting difference. Several states designate certain days to give shoppers a break from paying the extra tax and they often coincide with back-to-school shopping as an incentive to hit the stores. Plan your shopping trips around the tax holidays in your state.
Not So Smooth Criminal Steals $11 Million For Love
Crazy in love might be one way to describe Michelle Cawthra, a former Colorado Department of Revenue employee who stole $11 million in unclaimed tax refunds from her employer. With her morals blinded by love, Michelle deposited unclaimed tax refunds and other state money into her ex-boyfriend's bank accounts over the course of two years.
She received a 24-year sentence after pleading guilty to racketeering and testified, "I did things I don't think I otherwise would have done had I not been in love with him."
Prepare to Pay Higher Taxes If You Live in One of These States
News flash: California is not the only state experiencing budget problems. Its expansive economy and furloughed government workers may get it a spot in business headlines, but other states are also struggling with shortfalls. According to The Wall Street Journal and the Center on Budget and Policy Priorities, "at least 47 states are facing significant shortfalls in their 2009 and/or 2010 budgets."
Woman Auctions Virginity, Germany to Tax Her 69 Percent
Wow. And we complain about high taxes in the US!
Romanian-born Alina Percea, 18, auctioned off her virginity to an Italian businessman (for only $18,000!) and now she's facing some pretty stiff taxes in Germany where she goes to school — 50 percent straight away because they're deeming her act prostitution (legal there) and then a 19 percent VAT (value added tax) because she earned her money so quickly!
How and When to File a Tax Return Amendment
Taxes are no cup of tea in their simplest form, and the mistakes that complicate your return make taxes even less appealing. As luck would have it, I received an email from payroll the day after filing my tax return letting me know there was a mistake on my original W-2. The type of error means I have to file an amendment to my 2008 tax return.
How to Check the Status of Your Tax Refund
Most taxpayers e-file tax returns with a big benefit of receiving refunds more quickly than if they filed through the mail. Those who electronically file their returns typically receive refunds within three weeks of the IRS's email acknowledging your return was filed. It generally takes twice as long for the IRS to remit refunds for paper returns.
5 Ways to Make Next Year's Taxes Easier
Many of us like to put taxes out of our minds at least until the calendar year has changed, but you'll keep next tax season's stress levels down by getting organized now. Start the slideshow to see 5 ways that will create a less stressful tax season in 2010.
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