Taxes Blog

Monday, August 23, 2010 4:27 pm
By Kay Bell · Bankrate.com

It’s official. Tiger and Elin Woods are divorced. When word of the professional golfer’s marital troubles first came out, I wrote about tax issues to keep in mind in the case of divorce. I’m sure Tiger’s and Elin’s financial and tax advisers have walked them through all this, but for the rest of us, here’s

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Tags: tax, Taxes
Thursday, August 19, 2010 11:21 am
By Kay Bell · Bankrate.com

I’m never moving again. Of course, I don’t live in the Alabama cities of Birmingham or Montgomery or anywhere in Tennessee. Those locales have the highest sales tax rates in the United States. The one thing that unites most Americans is our opposition to paying the IRS. But for some reason we tend to forget our

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Tags: tax, Taxes
Tuesday, August 17, 2010 2:22 pm
By Kay Bell · Bankrate.com

Summer’s almost over. Is that parents I hear cheering? I’m not a mom myself, but my neighborhood is full of kids. And I know from my neighbors who have outside-the-house jobs, that summer is always a challenge. Now I’m not saying that school is baby-sitting service, but from September to May, it sure helps parents

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Tags: tax, Taxes
Friday, August 13, 2010 9:27 am
By Kay Bell · Bankrate.com

Last weekend was the big one for the August back-to-school sales tax holidays. But three more events kick off this weekend. Florida, which took some time off from the no-tax events because of budget concerns, is back, starting today, Aug. 13, and running through Sunday, Aug. 15. For those two days, however, Sunshine State shoppers

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Tags: tax, Taxes
Thursday, August 12, 2010 2:50 pm
By Kay Bell · Bankrate.com

Most of the recent tax attention has focused on the possible expiration of the Bush-era federal tax cuts. That’s given states a chance to slide in under the radar and hike numerous consumer taxes. Levies on retail purchases, gas and cigarettes have continued to climb, according to data compiled by the tax information and software company CCH. “From

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Tags: economy, tax, Taxes
Tuesday, August 10, 2010 1:21 pm
By Kay Bell · Bankrate.com

A billionaire hedge fund manager claims bad tax advice caused him to lose $43 million in tax deductions for charitable contributions he made. And you thought your tax adviser was bad! Forbes magazine reports that Leon G. Cooperman filed a lawsuit in U.S. Tax Court trying to get his tax breaks reinstated after the IRS said

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Tags: tax, Taxes
Friday, August 6, 2010 9:49 am
By Kay Bell · Bankrate.com

The IRS might not have killed off tax refund anticipation loans, but the agency’s decision to no longer provide a free credit check mechanism is likely to make more lenders think twice about offering the costly short-term loans. IRS Commissioner Douglas Shulman has announced that with the 2011 tax-filing season, his agency will no longer

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Tags: Debt, tax, Taxes
Thursday, August 5, 2010 2:36 pm
By Kay Bell · Bankrate.com

Do you know who Donald Bren is? Neither did I. Neither, apparently, did bank employees at a Cerritos, Calif., branch of East West Bank. But an identity thief knew of Bren and allegedly has walked away with most of the Orange County, Calif., real estate magnate’s $1.4 million federal tax refund. Investigators say that a

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Tags: tax, Taxes
Tuesday, August 3, 2010 1:42 pm
By Kay Bell · Bankrate.com

High taxes mean happy residents. Really! OK, it’s probably not the taxes that are making people in The Netherlands, Denmark and Finland the happiest folks in the world. But the services those nations’ residents get for their taxes is probably why those countries are one, two and three in the Organization for Economic Cooperation and

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Tags: tax, Taxes
Thursday, July 29, 2010 2:56 pm
By Kay Bell · Bankrate.com

Are you psyched for the sales tax holiday in your state? Enjoy. But if you’re planning to go tax-free shopping in a neighboring state, you might want to reconsider. You’ll likely owe your own state a use tax on your out-of-state purchases. Use taxes are the companions to state sales taxes. They are assessed on otherwise tax-free

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Tags: tax, Taxes
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