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Tax Carnival #24:
Return to Tax Standard Time

Did y'all enjoy your additional hour of sleep this weekend? I didn't get my full 60 minutes. I got up Sunday just before 6 a.m. now Standard Time to watch the International Space Station cruise across the Central Texas early morning sky. It was pretty cool.

This whole time change deal still messes me up, which is probably why each time it happens, I always think of Salvador Dali's droopy clock painting, "The Persistence of Memory."


It always takes me a while to adjust (an excuse I plan to put to good use for the next few weeks!), whether the clocks are springing forward or falling back or melting. But it's done now, at least for a few months.

In recognition of the fall version of the biannual time change exercise, this 24th Carnival of Taxes is our Tax Standard Time edition. So, without further ado, here are this edition's participants.

In keeping with the time theme, I present them with the blogger's submission comments (if any) and in the order (mostly) in which they were received. Enjoy!

nickel presents Deducting Disciplinary Fines as a Business Expense posted at

Moneywalks provides us Some Tax Tips for Taking Advantage of Tax Laws over at Money Walks.

Eric Hudin of My Estate Planning Career Blog notes, "Estates and estate plans have a mystique all of their own to the average observer. It is certainly a complex world of tax rules and regulations where inherited assets are taxed upon death. How might this affect you and the estate assets you now possess?" To help you find out, he gives us Life Insurance and Estate Plans - Protecting Your Assets from Estate Taxes .

JASMBA looks at various investments and their tax implications over at Getting Ahead.

Ian Welsh presents The Income Tax Lie posted at The Agonist.

vld2czech takes us to Europe and the joys of Moving from one tax paradise to another one, posted at StockWeb.

Clever Dude over at, of course, Clever Dude Personal Finance & Money, presents How to Value Clothing Donations.

Super Saver asks the question, Roth or Traditional IRA For Our Children? Details are posted at My Wealth Builder.

FIRE Getters tips us to TaxACT Online 2007 - Over 20% Discount for Returning Customers! over at FIRE Finance.

FMF of Free Money Finance notes that Americans Leave $4 Billion on the Table, saying, "Americans left $4 billion in unclaimed, easy refunds with the IRS last year."

Allison walks us through The Foreclosure Epidemic and Tax Implications over at Queercents.

A quick tax trip north of the U.S. border with FrugalTrader gives us How Investing Taxes Work (Part 1 - Capital Gains) for the benefit of our Canadian readers and taxpayers. Find details at Million Dollar Journey.

Dax Desai of the eponymous Dax Desai blog presents How to Decide whether to Invest for Growth vs. Income, and he promises to "to distinguish the tax effects of doing both."

Gavin R. Putland of Gavonomics opens up the tax world a bit more with Australia, Hong Kong, Singapore & Taiwan: How property taxes affect economic growth.

Robert D Flach reminds us IT’S THAT TIME OF THE YEAR AGAIN! – PART I, offering us some year-end tax tips over at THE WANDERING TAX PRO.

Steve Faber presents How Federal Taxes Affect Your Retirement Accounts posted at DebtBlog.

Finally, Blackwater and its tax potential caught the eye of a couple bloggers.

Dan Meyer from Tick Marks says, "A spat between a supplier of security personnel to Iraq and a House Chair which includes a return to independent contractor law." And he gives us the details in Blackwater: The Waxman Cometh (So Might the Taxman).

And we close the 24th Tax Carnival's tent flaps with ISPF's ruminations on the recent Blackwater incident: A (Spineless) Taxpayer’s Rant. As ISPF notes in the post over at Grad Money Matters, our government uses our tax money and it's up to each of us to make sure we all "question and hold the politicians who use [our] tax contributions accountable for their actions."

Well, that's it for this 24th Carnival of Taxes. Thanks for reading and thanks to all who contributed.

We'll do it all again in a month, on Dec. 3, to be exact. The graphic at right has links where you can read past editions and, of course, where you can send your blog item for the annual holiday version (part 1) of the Tax Carnival.


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FIRE Finance

Superb carnival! Thanks for including our post & your hard work in hosting this carnival :). The pictures are really cool!

FIRE Finance

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