Kelly P. posted an article on Tax Girl - Dec 14, 2009, 6:23 pm
It sounds like something right out of Hollywood: a lawyer takes a kickback in exchange for setting up wealthy clients in a multi-billion dollar tax loss-generating scheme. He then applies for a fals...
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Kelly P. posted an article on Tax Girl - Dec 14, 2009, 5:09 am
Philadelphia is having a tough time these days, much like many other cities. Expenditures are up and revenues are down. What’s a city to do? One thing that the city is doing is pursuing colle...
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Kelly P. posted an article on Tax Girl - Dec 13, 2009, 9:48 am
The holiday season is in full swing at our house. The tree is up, we’ve bought more wrapping paper since we, of course, can’t find the paper we bought last year and we have so many variet...
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Kelly P. posted an article on Tax Girl - Dec 11, 2009, 7:46 am
For the most part, I’ve tried to avoid blogging the Tiger Woods scandal. I mean, you can pretty much turn on any channel at any time and hear all about it. And, except for the potential prenup...
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Kelly P. posted an article on Tax Girl - Dec 10, 2009, 4:00 pm
Today, the IRS published the “Prepared Remarks of Commissioner Douglas Shulman before the 22nd Annual George Washington University International Tax Conference.” You can read the whole sp...
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Kelly P. posted an article on Tax Girl - Dec 9, 2009, 8:25 pm
Am I the only one who think this bill sounds like a bad infomercial? But the Tax Extenders Act of 2009 is a real bill introduced on December 7, 2009 by Rep. Charles Rangel (D-NY). The title of the b...
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Kelly P. posted an article on Tax Girl - Dec 9, 2009, 6:48 am
Wow, they did it. The House really did vote on a federal estate tax bill. And it passed. The vote was narrow and partisan: in the end, 225 for, 200 against (see how your Representative voted here)...
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Kelly P. posted an article on Tax Girl - Dec 9, 2009, 4:48 am
Taxpayer asks: Can you tell me what the tax implications are for donating inherited items? My mother passed away about a year ago and I’m the executor of the estate. Now, my siblings are interest...
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Kelly P. posted an article on Tax Girl - Dec 8, 2009, 4:37 am
In this economy, folks are very happy to pass judgment about the state of other people’s finances. It has, after all, been conflicting for many (myself included) to watch the government bail ou...
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Kelly P. posted an article on Tax Girl - Dec 7, 2009, 9:04 pm
In case you’ve been in Baywatch withdrawal: Pamela Anderson hit with a pair of tax liens I’m fairly sure that the Hof would be devastated. (Note: Good grief, it was hard to find a safe...
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Kelly P. posted an article on Tax Girl - Dec 6, 2009, 8:44 am
I don’t play golf. Despite growing up in a town with no actual supermarket for years – and yet, three golf courses – I never really moved beyond mini golf. My father-in-law and my ...
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Kelly P. posted an article on Tax Girl - Dec 3, 2009, 8:46 pm
Taxpayer asks: I haven’t seen the 2010 standard mileage rates that the IRS usually puts out at the end of November. Do you know if there was an announcement on this? Taxgirl says: You have s...
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Kelly P. posted an article on Tax Girl - Dec 3, 2009, 4:29 am
Taxpayer asks: I am a single mom. My ex-husband did not pay support for his daughter for more than 5 years. He just came into some money and has recently paid almost all of his back support to me. ...
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Kelly P. posted an article on Tax Girl - Dec 2, 2009, 12:31 pm
Can Williams get a tax break for her tirade? Following on the heels of my Belichik post last year… can Serena Williams properly deduct her record fine for bad behavior?Similar Posts: None Foun...
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Kelly P. posted an article on Tax Girl - Dec 2, 2009, 7:48 am
Taxpayer asks: I own a number of buildings that I rent out. One of my tenants bounced a bunch of checks so I made him pay it all back to me in cash. My accountant told me that I should report the c...
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Kelly P. posted an article on Tax Girl - Dec 1, 2009, 5:47 am
I was pretty psyched to find out that I’ve been nominated by the ABA Journal as one of the Top 100 Legal Blogs for the second year in a row (insert lots of girly screaming here). Many thanks to...
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Kelly P. posted an article on Tax Girl - Nov 30, 2009, 9:01 pm
I, for one, am just reeling about the possibility that the House may vote on legislation to extend current estate tax rates. Shocked. I mean, there are, what, four weeks left until the end of the ...
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Kelly P. posted an article on Tax Girl - Nov 30, 2009, 6:41 am
I start the week off with an apology: I have missed many of your collective parties, happy hours and other social occasions. I was under the impression that I needed to be invited to these events in...
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Kelly P. posted an article on Tax Girl - Nov 29, 2009, 7:01 am
California Governor Arnold Schwarzenegger (R) is not having the best holiday weekend. On Black Friday (which may take on a completely different meaning for the “Governator”), TMZ.com post...
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Kelly P. posted an article on Tax Girl - Nov 27, 2009, 8:24 pm
I am (gasp) taking a few days off to enjoy the holidays with my family. I wish you and yours the best. I’ll be back before you know it.Similar Posts: None Found
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Kelly P. posted an article on Tax Girl - Nov 25, 2009, 9:32 am
Okay, maybe love is a bit much said. But the whole audit/examination process is over (at least for now, yes, yes, we know that 2008 is coming). It was oddly informative. While I’ve dealt wi...
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Kelly P. posted an article on Tax Girl - Nov 25, 2009, 6:07 am
About 500 families may have a little bit less to be thankful for this morning: Swiss tax authorities have announced that they have notified the first UBS 500 clients whose names will be turned over t...
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Kelly P. posted an article on Tax Girl - Nov 24, 2009, 6:44 am
It’s nearly time to go shopping! On Friday, retailers will offer bargains on all kinds of holiday gifts just in time for the season. South Carolina is going one better: a sales tax holiday on...
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Kelly P. posted an article on Tax Girl - Nov 24, 2009, 4:27 am
Earlier this month, I posted on WalletPop that tax audits were on the rise. I know – not just because the IRS has admitted as much (they have) or because I’m seeing an increase in audits ...
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Kelly P. posted an article on Tax Girl - Nov 23, 2009, 9:06 am
Remember this post about taxing plastic surgery? Well, it appears that the Senate, in its effort to tax everything possible to pay for health care reform (you’re right, I’m exaggerating, ...
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Kelly P. posted an article on Tax Girl - Nov 10, 2009, 11:20 am
I just received a notice last week from my health insurance provider that rates at my office would be increasing an average of more than 25%. It’s not unexpected. Apparently, health insurance ...
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Kelly P. posted an article on Tax Girl - Nov 9, 2009, 8:39 pm
Don’t get too excited. It’s not a huge tax break – but it’s not a bad one either. A bill that was rushed through recently passed in Congress, known as The Worker, Homeownersh...
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Kelly P. posted an article on Tax Girl - Nov 9, 2009, 6:28 pm
I get a number of bankruptcy-related questions submitted via ask the taxgirl. That’s why I was intrigued when I was asked to write a piece on Wallet Pop about how Chapter 13 payments affect you...
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Kelly P. posted an article on Tax Girl - Nov 8, 2009, 4:51 pm
When it comes to economics, the US and UK tend to find themselves on the same page. A recent example is their consolidated front over the need for banking transparency – both countries took a to...
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Kelly P. posted an article on Tax Girl - Nov 7, 2009, 7:45 am
“Girls Gone Wild” founder Joe Francis feels he finally got a break when a federal judge okayed a deal that Francis struck with prosecutors. Under the agreement, Francis was credited with ...
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Kelly P. posted an article on Tax Girl - Nov 6, 2009, 2:27 pm
I’m going all Clairee from Steel Magnolias on you. I’m on the radio! You can check out my interview with Jeff Horwich on Minnesota Public Radio about “sneaky rich people” he...
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Kelly P. posted an article on Tax Girl - Nov 5, 2009, 4:11 pm
If you’re opposed to extending the first time homebuyer’s credit (I am), you’re probably in the minority. And you’re definitely not in the Senate. The Senate voted unanimousl...
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Kelly P. posted an article on Tax Girl - Nov 5, 2009, 6:35 am
If you ask a Mainer about taxes, you’re liable to get an earful: Mainers have one of the highest tax burdens in the nation. Nonetheless, on election day, Maine voters turned down proposals to ...
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Kelly P. posted an article on Tax Girl - Nov 4, 2009, 6:33 am
Despite three campaign appearances by President Obama, Governor John Corzine lost his gubernatorial seat in New Jersey to GOP challenger Chris Christie last night. Exit polls showed that the top two ...
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Kelly P. posted an article on Tax Girl - Nov 2, 2009, 7:22 pm
What challenges are the IRS facing this year? Apparently not the complexity of the Tax Code. The Treasury Inspector General for Tax Administration (TIGTA) released its perspective two weeks ago on t...
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Kelly P. posted an article on Tax Girl - Nov 2, 2009, 3:51 pm
And here’s their evidence: Of course more folks are e-filing. It’s fast, it’s easy. And with more folks than ever with internet and computer access, it’s to be expected. Bu...
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Kelly P. posted an article on Tax Girl - Nov 2, 2009, 6:21 am
The Tax Justice Network has recently released its list of the most secretive financial jurisdictions in the world. And who topped the list? Luxembourg? Switzerland? Hong Kong? Caymans? Nope, it&...
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Kelly P. posted an article on Tax Girl - Oct 31, 2009, 7:03 am
Jeffrey Chernick, a toy salesman out of New York, was sentenced on Friday to three months in prison for hiding millions of dollars from the IRS. Upon his release, Chernick will serve six months’ ho...
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Kelly P. posted an article on Tax Girl - Oct 30, 2009, 2:28 pm
It looks like 2010 likely won’t be all that different from 2009 – at least when it comes to taxes. Each year, by law, the dollar amounts for certain tax provisions are indexed for inflati...
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Kelly P. posted an article on Tax Girl - Oct 30, 2009, 10:16 am
Get ready for it… $10.8 billion. This is an estimate for the extension portion only – the initial credit cost just over $8 billion. Call it welfare, a bailout, an “incentive plan...
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Kelly P. posted an article on Tax Girl - Oct 29, 2009, 6:14 am
You know what they say in Congress, if it’s not broke (enough), keep trying until it is… So, with that in mind, Senate Majority Leader Harry Reid (D-NV) has announced an extension of the ...
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Kelly P. posted an article on Tax Girl - Oct 28, 2009, 3:17 pm
Taxpayer asks: Hi Tax Girl! I got rid of the husband and now I would love to get rid of the engagement ring. I have thought about donating it to a non-profit animal rescue group for them to auction...
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Kelly P. posted an article on Tax Girl - Oct 28, 2009, 1:13 pm
Taxpayer asks: Hi Taxgirl, Like many women this year, I got married and now I would like to donate my dress to charity. What do I need to do for tax purposes? I paid 1000 for it new and only wore...
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Kelly P. posted an article on Tax Girl - Oct 28, 2009, 12:34 pm
About a year ago, I was notified by the ABA Journal that my blog was nominated as one of the top 100 legal blawgs for 2008. I was, needless to day, extremely honored. One of my colleagues in Pennsyl...
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Kelly P. posted an article on Tax Girl - Oct 28, 2009, 6:47 am
Times are tough in Chicago. You can only tax the citizenry so much – and Chicago already shares the distinction of being one of the most taxed cities in America. The solution? Enforcement. N...
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Kelly P. posted an article on Tax Girl - Oct 27, 2009, 11:28 am
So, who among us didn’t see this coming? IRS Commish Doug Shulman has announced the establishment of a new enforcement unit targeting the very wealthy. The group, called the Global High Wealth...
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Kelly P. posted an article on Tax Girl - Oct 26, 2009, 7:02 am
Here’s a novel way to avoid paying tax: kidnap the tax collectors. In what may be the oddest tax news I’ve read recently, the online paper, Sindh Today, has reported that an Indian man...
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Kelly P. posted an article on Tax Girl - Oct 26, 2009, 5:58 am
Israeli tax authorities have acknowledged a raid on the management offices of the Maccabi Tel Aviv basketball team. The team, known as מ.כ. מכבי אלקטרה תל-אביב in Hebrew is a profess...
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Kelly P. posted an article on Tax Girl - Oct 25, 2009, 8:56 pm
That yellow ball in the sky this morning threw me for a loop. They say it’s called the sun. At any rate, I was thrilled to see it. I grabbed a cup of coffee and cozied up to the computer for ...
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Kelly P. posted an article on Tax Girl - Oct 24, 2009, 7:55 pm
When Top Gear’s Jeremy Clarkson reviewed the electric sports car Tesla Roadster, he had plenty to say. Notably, he complained about the price, which was at the time of filming in the UK,
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