Missouri makes $1.7 billion tax break bid for Boeing
Standard tax deduction amounts bumped up for 2014

Tax Carnival #123: It's Beginning to Look a Lot Like Tax Time

HohoHo! Ho! Ho! It's almost time for the Big Guy.

Nah, not Santa Claus. I'm talking about the tax collector.

His big day is April 15, but to ensure that we get what we deserve -- the smallest possible tax bill -- it's time to think about taxes.

Or, to borrow from Christmas carol composer Meredith Wilson's famous seasonal tune and with apologies to Perry Como:

It's beginning to look a lot like Tax Time,
Everywhere you go.
Take a look in the tax pro's den, stuffed so full once again,
With year-end tips all filers need to know.
It's beginning to look a lot like Tax Time,
April's just months away.
But the smartest move to make is the tax break you can take
Before New Year's Day.

So with that musical interlude still bouncing around your brain, let's get Tax Carnival #123: It's Beginning to Look a Lot Like Tax Time rolling.

Rob gets us started with some key questions: When are taxes due again? When should I file? Get answers to those queries and more in When are Taxes Due Again? It's posted at Financial Sprout.

Madison offers some help with another common tax question, how big is my refund? Find out at 2013 Tax Calculator to Project Your Tax Refund, posted at My Dollar Plan.

Andrew Dickow takes a look at the process of deducting your home office in Should You Take the Home Office Deduction? You always want to deduct all of your legitimate business expenses, says Andrew, whose post at Finance Penguin also examines the audit risk associated with this deduction.

Super Saver says, "Taxing the rich can support numerous government Affordable Care Act programs." Suggestions are in Just ACA Everything, posted at My Wealth Builder.

Lee Hadnum presents How Big Companies and the Rich Use Tax Havens, posted at UK Tax Planning Blog.

Michael Kitces explains Why The Phaseout Of Itemized Deductions Should Not Discourage Charitable Giving. Get details at Nerd's Eye View.

Ward Carson takes a look at Women and Retirement, posted at The Happy 401k.

GD examines insurance dividends, how they are paid and the tax implications at Dividend Paying Whole Life Insurance, posted at MLIQ123.

And we close with the Internal Revenue Service's version of coal in your stocking, a notice about an issue on your taxes.

Bill Smith says even when you're certain there are no mistakes in your filing, everyone gets a chill at the mere thought of a letter from the IRS. He offers more in IRS Forms To File Back Taxes, posted at 2008 Taxes.

With that, we wrap up December's Tax Carnival #123: It's Beginning to Look a Lot Like Tax Time.

As always, thanks to all the contributors and especially to all y'all for reading.

Tax carnival iconThe next Tax Carnival kicks off the 2014 tax filing season on Jan. 6. We'll be sure to have lots of tax goodies for early Form 1040 filers.

Be a part of that collection of tax posts -- and please, please, please send tax-only items; the guidelines page has details and you also can review previous carnivals to see what made the cut -- by sending your item via the Carnival of Taxes submission page.

Social media fans can send Tax Carnival posts via Twitter (I'm @taxtweet; please use hashtag #TC124) or post them on Don't Mess With Taxes' Facebook wall.

Or if you prefer a more direct method, you can email your tax blog item to me at taxcarnival @ gmail.com.


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