Oh, tax season. Doing my taxes stresses me the hell out: I do so much freelance writing that I have one million forms. And trust me, if you screw up your taxes — even unintentionally — the IRS will hunt you down like a dog. I always say this year will be different, this year I’ll do it all by myself on TurboTax. Instead, I just hyperventilate for weeks.
Anyone else with me on this?
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Well, it’s April, and you know what that means: tax season is in full swing. Did you shudder just now? Pee a little bit? Plug your ears and start singing, “LALALALA” at the top of your lungs? We’ve been there, but what if this year (and every year from now on) were different? Someone once told Ami that money is a reflection of your soul, and that forever changed the way she approached her taxes. Mostly because she didn’t want her soul to look bad in front of the federal government, but still. What if we all approached our taxes with less fear and more gumption? What if we were proactive and responsible and motivated? Hey, it could happen. Here are some helpful tips that you can easily apply to tax season…and life. Do with them what you will. Keep reading »
The two iconic Italian fashion designers, Domenico Dolce and Stefano Gabbana, were both found guilty this week of evading taxes on $1.3 billion in income. The case dates back to 2004 when the pair sold Dolce & Gabbana’s main two brands to a Luxembourg-based holding company. Prosecutors claimed that this was done to avoid paying taxes on the profit from the brands. It makes a lot of sense considering that corporate tax rates in Luxembourg are basically zero. Dolce and Gabbana have been sentenced pay a hefty fine and one year and eight months of jail time each, but this means essentially nothing in Italy. The two are allowed to appeal this verdict twice, which could take years. Even if they are forced to serve time, sentences that are less than two years are served under house arrest or community service. Keep reading »
Strip clubs in the fair city of Houston, Texas, will soon be hit with an interesting new tax: a $5-per-visitor tax which will go towards paying for a backlog of the city’s 6,000 rape kits. The Houston City Council passed an ordinance on Wednesday which will require almost 30 gentleman’s clubs to fork over the funds, which will then be used to pay for analyzing DNA evidence collected from rape victims. Keep reading »
Oh, hey there. Guess what day it is? April 17th! No, it’s not my birthday. It’s Tax Day! Alright, so maybe this isn’t an occasion for excitement and joy, but whether you like it or not, taxes must be paid by midnight tonight (unless you are filing an extension or giving the finger to Uncle Sam like these celebs). With that in mind, we’ve compiled some straightforward advice for you tax-filling slackers who waited until the very last second to file — like yours truly. Keep reading »