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Tax Carnival #91: Taxtoberfest 2011

Oktoberfests are winding down, but we're just kicking off our annual Taxtoberfest.

Oktoberfest fall theme

This year's edition is the 92nd Tax Carnival. And like previous versions, this regular fall feature brings us the tax-equivalent goodies of the real German parties.

C'mon, who doesn't love beer, brats, oompah tunes and taxes?

So let's get to it!

We start with a tax topic that is considered year round by some filers: estimated taxes.

Oktoberfest beer server Ryan notes that if you're a consultant or freelance worker, you might need to file these four extra tax payments. Find out who has to pay, when they're due and how to calculate how much you owe in Estimated Taxes Guide, posted at Cash Money Life.

Justin Tops presents Making 401k Withdrawals, posted at 401k Calculator.

Joe Morgan examines How Warren Buffett's Tax Rate is Lower Than His Secretary's and why Buffett is full of hot air. It's posted at Simple Debt-Free Finance.

Dough Roller says that even though many Americans file their taxes online or through a third party, they should still know the basics on how taxes are calculated. One thing every financially savvy individual should know is What is Adjusted Gross Income (AGI)? Find it at Dough Roller

Tom Drake reviews some simple ways that planning can help you put more of your tax money back in your pocket at 5 Simple Tax Tips To Save You Money. It's posted at Canadian Finance Blog

Mike Piper notes that with the release of relevant Consumer Price Index figures, we can calculate the tax brackets for next year (provided no new legislation is passed). Details are at 2012 Tax Brackets and Standard Deduction (Projected), posted at The Oblivious Investor.

German beer festival food

Dividend Growth Investor reviews the tax consequences of selling a stock for a gain in Using Tax Loss Harvesting to Find Dividend Bargains. It's posted at Dividend Growth Investor.

Ryan tackles the perennial issue of tax record keeping in How Long to Keep Tax Records, posted at The Military Wallet.

Tom notes that tax breaks available to students can really help manage the financial side of life. He provides details in Tax Deductions Every Student Needs to Know, posted at StupidCents.

Oktoberfest_lederhosen Control your Cash presents a two-part series In Defense of Loopholes Part 1 and Part 2. They're posted at Betty Kincaid.  

Eric J. Nisall warns us to be careful when it comes to charitable donations. "In some cases what you get in return can negate any deduction," Eric says, "while some 'charities' aren't that."  He offers details in Charitable Donations Are Not Always Tax Deductions, posted at DollarVersity.

Mark Roberts offers advice on How To Choose The Right Filing Status, posted at Tax Brackets.  

Gemma Flannery reminds U.K. taxpayers that "each year you can earn a certain amount tax free." In Tax Codes and your Personal Allowance she shows how your tax code is affected by this amount. It's posted at Tax Codes.

Damon Day says that most people don't realize that when a debt is forgiven, there may be taxes due on that forgiven amount. "Consumers need to be aware of this potential issue and plan accordingly," says Daman, who offers details in Taxes on Debt Settlement, posted at Damon Day.

Sandy says we all pay our fair share in taxes, but many large corporations take advantage of loopholes to end up paying nothing at all. The offenders are listed in Top Corporations That Pay No Taxes, posted at Yes, I Am Cheap

What's that? Do I hear the last strains of the oompah band playing? Sadly, yes.

And that means it's time to wrap up Tax Carnival #91: Taxtoberfest 2011.

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Thanks to all this month's contributors and to all y'all for reading.

We'll be back on Nov. 7 for the 92nd Tax Carnival. Join us then as a reader or as part of the tax fun by sending your tax post (and tax-only items please; check the guidelines for details) to the Blog Carnival page. If you have problems with the official form, you can send your tax post's link to me at Twitter (I'm @taxtweet) or via email to taxcarnival@gmail.com.

Share the Carnival! Want to tell your friends about this blog post? Click the Tweet , Like or Digg This buttons below or use the Share This icon to spread the word via e-mail and other popular applications. Thanks!


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Jeff Fouts

I absolutely enjoy reading your blog, don't stop posting the excellent quality info!

Lead Generation

I enjoyed reading the articles from the links stated above. Keep it up! Thank you for sharing... Lead Generation

Betty Kincaid

Thanks for including my articles in the tax carnival!

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