Shout Out Feed

Did you get an extension back in April to wait until Oct. 15 to file your 2017 tax return? Guess what? That's Monday. Like this coming Monday. Like three days from now! Sorry. That means no weekend fun for you. You need to spend your weekend, or at least part of it, working on your 2017 Form 1040. I feel for all y'all ultimate procrastinators. I've been there, but not this year, thank goodness. The hubby and I still got an extension, joining more than 14 million other taxpayers who sidestepped the April 18 deadline, but we filed our return... Read more →


The Trump children gathered for this undated family photo. They are, from left, Robert Trump, Elizabeth Trump Grau, Fred Trump Jr., Donald Trump and Maryanne Trump Barry. A piece of information filed years ago during Barry's judicial confirmation hearing led to a New York Times' exposé on the family's wealth and tax tactics. (Donald J. Trump presidential campaign photo) Talk about an awkward Thanksgiving. It seems that Donald J. Trump's oldest sister is how The New York Times got the inside info on the Trump family fortune and taxes. You know of the story even if you haven't yet read... Read more →


Hey, Uncle Sam, one of the funniest actresses out there is not feeling very cheerful right now and it's your fault. Tiffany Haddish is looking for a little gratitude from your tax collector. In a recent Instagram video, the award-winning star of the just-released "Night School" asked the Internal Revenue Service why, even though she pays her taxes "on time every year all the time," she never gets any thanks for her efforts. She doesn't let her state tax officials, the California State Franchise Tax Board, off the hook either for their similar lack of tax love. Shout outs all... Read more →


Is there anyone anywhere who hasn't been a potential identity theft victim? Probably not. Even if the crooks haven't stolen your identity — yet — there's still the possibility if some holder of any of your personal information has been hacked. And that happens every day. The biggies get the most attention, like last year when cyber criminals got hold of Equifax credit bureau data, putting almost 146 million identities at risk. And no one is safe. Just last week, the federal government again fell victim to hackers. The State Department, like the Office of Personnel Management and Internal Revenue... Read more →


The Internal Revenue Service acted quickly in announcing tax relief for Hurricane Florence victims. As the flood waters continued to build, it expanded its relief beyond its initial disaster coverage area. Read on for more on IRS actions and how you can follow Uncle Sam's example and lend assistance to those dealing with the deadly storm. Deer brave a Hurricane Florence flooded road in Jacksonville, North Carolina, in search of higher, drier ground. (Screen shot of NBC News Twitter video) As expected, the Internal Revenue Service has announced that some folks in Hurricane Florence's path will received special consideration when... Read more →


José Altuve, Major League Baseball's 2017 MVP, heads to the podium in Houston's Minute Maid Park to get his 2017 World Series ring at the Astros' home opener on April 2, 2018. Yes, my photo is blurry, but the stadium was rocking! Football season is here. Professional, college and high school teams have all taken the field for games that finally count. But some of us are still watching baseball. Major League Baseball (MLB) playoffs are nearing and there are tight division and wildcard (don't email me baseball purists; it is what it is) races, some of which will come... Read more →


Sen. John McCain, a decorated U.S. Navy fighter pilot, addressed the Naval Academy Brigade of Midshipmen in Annapolis, Maryland, in October 2017. (Photo courtesy Sen. McCain's Facebook page) The late Sen. John McCain, in keeping with his maverick tendencies to buck even his own political party and to work across the aisle, offered a tax plan during his 2000 quest for the Republican presidential nomination that borrowed from Democrats and Republicans alike. That proposal 18 years ago by the Arizona Republican called for $237.5 billion in tax cuts over five years in such portions that they could be embraced by... Read more →


Americans have always been mobile, as evidenced by this vintage photo from Flatbush Moving in Linden, New Jersey. Now some folks say they're relocating because of new tax law limits on deductions. Now that the Treasury Department and Internal Revenue Service have made it clear that they will restrict state efforts to work around the new $10,000 cap on the deduction for state and local taxes (SALT), some folks are looking at other options. Among them, according to a New York Times story, is to move. (Unfortunately for them, the new law also, for the most part, ended the tax... Read more →


I smoked for way too many years, back when I was young and feeling rebellious and immortal. So I have no standing to tell these kids today that smokeless smoking isn't good for them. My unsolicited advice probably wouldn't be heeded anyway. It appears that many young people already are hooked on Juuling. Jumping on the Juul train: For those who are unfamiliar with Juuling, and I was one of the until today, it's the latest iteration of electronic cigarettes. The verb comes from Juul, the product introduced to the vaping market in 2015 by Pax and spun off in... Read more →


Click screenshot to watch Boston CBS affiliate WBZ's report on this weekend's just-enacted Massachusetts Sales Tax Holiday. Massachusetts has had a difficult relationship with the sales tax holiday concept. Over the years the Bay State's lawmakers have struggled with the need to retain as much tax revenue as possible versus giving residents (and possible voters) a brief break from taxes on some of their purchases. The even has been regularly approved one year, only to be dropped the next, with lawmakers often deciding to hold a tax holiday at the very last minute. That's the case this year. For the... Read more →


When you hire a tax professional, you want someone you can trust. In Paul Manafort's case, that apparently meant someone he trusted to file fraudulent returns. The accountant for former Donald J. Trump campaign chairman Paul Manafort told jurors hearing the bank fraud and tax evasion charges against the long-time political operative that she helped backdate documents and falsify financial records. Cynthia Laporta, who has been given limited immunity for her testimony, said the accounting maneuvers suggested by Manafort and his longtime business associate Rick Gates, who's also working with the prosecution and expected to eventually testify in the case,... Read more →


Your tax responsibilities as a freelancer can be a hassle, but at least they mean you're making money via your self-employment venture. But what about those clients who ignore your invoices? Here are some ways to deal with problematic payers. You've done your research — including checking into all the new entrepreneurial tax tasks you'll have to handle — and decided, yes, freelancing is the way you want to go. Welcome to my world! Overall, I highly recommend the self-employed life that involves a variety of clients. Even when you specialize like I do, you still get an interesting array... Read more →


Owing the Internal Revenue Service is bad. Having the IRS come after you for that money is worse. Dealing with private debt collectors who've been given your overdue tax account is worst. That's the perspective of many when it comes to the federal tax collection process. But not all. And now an online war of words has erupted between the National Taxpayer Advocate and a new group created to advocate for private collection of tax debt. Pro private tax debt collection: The Partnership for Tax Compliance (PTC) debuted on June 26. The goals of the 501(c)6 nonprofit (that's the tax... Read more →


It's hot. Not just here in Texas, but across the United States. In fact, around the world. That means we all need to be careful. More careful than the hubby, who decided to mow our yard yesterday. And not during the relative cooler morning when temperatures were in the 80s, but in the afternoon when the thermometer nudged 100 and it felt even hotter. It wiped him out for the rest of the day and evening. I love my man, but I guess it's true that the heat does make us do dumb things. Deadly heat: Excessive heat also tends... Read more →


Couples by Michael Lehet/Flickr CC The hubby and I basically have a pretty equal, albeit traditional gender swapped, marriage. He's more persnickety when it comes to cleaning. So he does much of those household duties, including bathrooms and whole-house vacuuming. I hate that noise, so he vacuums when I'm out; that's one of the reasons I love him! We split kitchen duties, with the person who doesn't cook dinner doing the cleanup. We collaborate on investments, deciding how much and where our money goes. As for the day-to-day expenses, I take care of making sure the bills are paid on... Read more →


Taking a post-vows moment. (Photo by Barney Moss via Flickr) If you were a June bride or groom, congratulations! My best wishes also go out to folks who wed in any other month. I've been a wife a long time and I highly recommend matrimony. You've got someone who, as most vows still say, will be there for all the good and bad times. Plus, you've got a built-in excuse for getting out of things you don't want to do ("So sorry, but we can't make it. The hubby has to work."). There also, as I've noted numerous times here... Read more →


Since its appearance in 2003, around 50 million taxpayers have used Free File. As the name indicates, this partnership of the Internal Revenue Service and tax software manufacturers known as the Free File Alliance gives most taxpayers the opportunity to do their taxes on their computers and then e-file them at no cost. But, notes Pro Publica in an article co-published with Quartz, the number of Free Filing taxpayers comes to just around 3 percent of eligible households. That, according to the article by Tik Root, means that folks have spent around $1 billion on tax prep and filing fees... Read more →


It's a cliché because it's true. All politics is local. That applies to taxes, too. Whether you love or hate a tax law depends on how much it helps or hurts you personally. That's why this weekend's Saturday Shout Out goes to the Tax Foundation's interactive map that lets you see average 2018 tax cuts in your congressional district. If you want to go beyond your locality, you can check out the dollar differences on average make to taxpayers across the country. As you can see on the Washington, D.C.-based tax policy nonprofit's map reproduced below, you simply enter your... Read more →


The Republican's new tax law is expected to be the focus of the coming midterm elections. GOP candidates are telling taxpayers that they — or most of them, anyway — will owe the U.S. Treasury less in 2018 thanks to the Tax Cuts and Jobs Act (TCJA). Democrats running for office, however, argue that any individual tax cuts under the new law are relatively small and, unless their colleagues across the aisle can change things in the next few months, are temporary. That ending date is Dec. 31, 2025. So who's telling the truth? It depends — wait for it... Read more →


The fresh pepper section is always my first stop at my local H-E-B grocery store. Most of these delectable edibles come from Mexico. Donald J. Trump's forays last week into international issues got lots of attention. There was, of course, the on-off-on-again (and potentially taxpayer costly) Singapore Summit with North Korea. While I'm all for working to keep Kim Jong Un from reverting to his nuclear missile happy persona, my Texas neighbors and I were focused on another global matter. Yep, I'm talking about Trump's statement that he'd like to scrap the North American Free Trade Arrangement, or NAFTA, followed... Read more →