You Taxin’ Me?

Actor Robert DeNiro has played some of the most compelling characters in movie history: the schizophrenic ex-marine Travis Bickle in Taxi Driver, the young mob boss Vito Corleone in The Godfather Part II, the Chicago bootlegger Al Capone in The Untouchables, the “gentleman” gangster Jimmy Conway in Goodfellas, and the shrewd bookmaker “Ace” Rothstein in […]

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It’s Freezing Where?

Taxpayers across much of the midwest and east coast have enjoyed a relatively light winter this year, with mild temperatures and little snow. But Old Man Winter made up for it last week. Temperatures dropped well below zero and wind chills broke records across the country. Friday morning saw thermometers dip below freezing in the […]

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The Postman Always Rings Twice

Getting mail from the IRS is rarely something to celebrate. If it’s a bill, consider yourself lucky — at least you can just pay it and be done. If it’s a “CP 2000” notice proposing a change to your taxes, get ready for a ride on the paperwork tilt-a-whirl. If it’s an audit notice, all […]

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The Most Wonderful Time of the Year?

Way back in 1963, the singer Andy Williams introduced one of the most popular Christmas songs of all time: “It’s the Most Wonderful Time of the Year.” Decades later, the office-supply store Staples repurposed it to sell school supplies, and Miller recycled it once again to sell light beer. But for our friends at the […]

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Battery-Powered Tax Savings

We know something that’s on your holiday shopping list. And we don’t even have to read your mind to know it. You’re buying batteries — and you’re buying lots of ’em. If you have kids, you’re buying batteries for their electronic games and toys. If you have grandchildren, you’re buying batteries for their stuff. (You […]

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Taxation for the Other Guy’s Representation

Our United States of America was forged in the flame of tax protest. As early as 1750, our Founding Fathers objected that taxation without representation is tyranny. In 1776, the Declaration of Independence condemned King George III for assenting to Parliament’s laws that “impose Taxes on us without our Consent.” So is it any surprise […]

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Jilting the IRS

Harold Hamm was born in Lexington, Oklahoma, the 13th child of Oklahoma sharecroppers. He graduated from high school then went straight to work in an oilfield. But he didn’t let his modest background slow him down. He hit his first gusher at age 25. Today, he’s CEO of Continental Resources, and his net worth approached […]

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Pagans 1, Mind Control Defenders 0

We’re all familiar with the idea of “tax exempt” organizations. The theory here is that some groups serve such valuable roles in society that they should be exempt from income, property, or other taxes. Here in the United States, Internal Revenue Code Section 501 lists 28 categories of exempt organizations, including churches, colleges, charities, social […]

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Illegal Deduction in the Backfield

The 1985 Chicago Bears were one of the greatest teams in NFL history — in fact, ESPN ranked them the greatest ever. Quarterback Vince McMahon, Hall-of-Fame running back Walter Payton, defensive tackle Richard “Refrigerator” Perry, and the rest of the team captured America’s heart as they sent nine players to the Pro Bowl and shuffled […]

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How to Guarantee an Audit

Most of us would rather have a root canal without anesthesia than face an IRS audit. Fortunately, your chances of winding up in that particular hot seat are fairly low. Audit odds vary according to how much you earn and how you earn it, but generally range from 0.9% (for incomes up to $200,000) to […]

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