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Blogger Profile


Kay Bell

Blog Info

Name:
Don't Mess With Taxes
Category:
General Finance
Tags:
Taxes, Politics
Start Year:
2005

Blogger Bio

Net worth:
$2,000,000.00
Location:
Austin, Texas, United States
Age:
60+
Race:
White
Gender:
Female
Life stage:
RETIRED
Profession:
Writer
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Latest Blog Posts

Nov. 18 is the last day that the Internal Revenue Service will accept electronically filed tax returns. Wait, you say. Didn't the final deadline for sending in 2016 returns come and go on Oct. 16? You are correct, tax savvy calendar watchers. But folks who were granted an extension to file until Jan. 31, 2018, might be able to take advantage of the extended e-file option. Disaster-related added time: The Jan. 31 deadline applies ...
Posted: Nov 07 2017 @ 3:46 PM
The Internal Revenue Service's 2018 filing season calendar isn't quite this messy, but it's not firmed up yet. The House Ways and Means Committee today started marking up, otherwise known as tweaking, the Republican-driven tax reform bill. Early word is that many provisions you may have read about will change. C'est la legislative process. Meanwhile, since most of the new tax laws won't take effect until Jan. 1, we can focus on our ...
Posted: Nov 06 2017 @ 5:58 PM
$13 billion. That's how much nonprofits say Republican-proposed changes to the tax code could cost them each year. Even though the GOP's Tax Cuts and Jobs Act would keep the itemized deduction for charitable donations, it's one of just a handful that will remain on Schedule A. In exchange for the elimination of most itemized write-offs, the House tax reform proposal calls for almost doubling the standard deduction. That shift in federal ...
Posted: Nov 05 2017 @ 3:50 PM
Business entities and how they are — and might be — taxed is one of the things complicating the Republican-formulated tax reform bill. The primary motivation for the Republican's new tax reform plan is to lower business tax rates. Major corporations definitely will see relief under the bill (even though many are doing quite well under our current system). But there's concern that smaller businesses won't be so tax reform lucky. In fact, ...
Posted: Nov 04 2017 @ 4:33 PM
Before heading out on an Asian trip, the president met with GOP members to talk tax reform. Among those at the plan briefing were, from left, Ways and Means Committee member Rep. Diane Black of Tennessee, House Speaker Paul Ryan of Wisconsin and W&M Chair Rep. Kevin Brady of Texas. (Photo courtesy Donald J. Trump Twitter account) The shiniest part of the Republicans' new tax plan is the reduction in tax ...
Posted: Nov 03 2017 @ 10:21 AM
House Speaker Paul Ryan (R-Wisconsin) get serious in discussing what Republicans say are the middle-class benefits in their latest proposal to rewrite the tax code. The most detailed plan yet was released Thursday, Nov. 2. (Screenshot of C-SPAN video; click image to watch clip.) Remember that Capitol Hill adage that all politics is local? It can be easily shifted to tax reform. Whether you're for or against a tax law change will ...
Posted: Nov 02 2017 @ 7:46 PM
My mind boggles at the number of Thanksgiving pumpkin pies that can be made from this collection! It's just a small part of the Dallas Arboretum and Botanical Garden's 2017 pumpkin patch. (Photo by Kay Bell) Hello, November. You're a welcome month, as you bring us cooler weather, Thanksgiving goodies (yay pumpkin pies!) and some time to make year-end tax moves. In fact, we get even more time, an extra hour this ...
Posted: Nov 01 2017 @ 3:52 PM
Hurricane Irma recovery work continues in Marathon Key, Florida, on Oct. 30 where storm debris is burned. Louisiana and South Carolina also were hit hard by this season's deadly hurricanes and some residents in those states are now getting tax relief, too. (Photo by Bill Koplitz/FEMA) The worst of the 2017 hurricane system began its assault on the United States on Aug. 25 when Hurricane Harvey made landfall on the Texas Gulf ...
Posted: Oct 31 2017 @ 3:10 PM
It's an exciting day in political and financial circles, what with the unsealing of the first indictments in Special Counsel Robert Mueller's probe into possible Russian involvement in and influence of the 2016 presidential election. Tax geeks also are basking in part of the buzz since the official charges include some tax matters. Among the things that Paul J. Manafort Jr., former manager of Donald J. Trump's campaign, is accused of, per ...
Posted: Oct 30 2017 @ 4:58 PM
After four and a half years, the Internal Revenue Service Tea Party targeting scandal has been resolved. On Thursday, Oct. 26, the Justice Department announced that it has entered into proposed settlements with the two major challenges by conservative groups against the IRS. Substantial payments to plaintiffs: While the Justice Department did not discuss deal specifics, the Wall Street Journal reported that the payouts to plaintiffs in the Linchpins of Liberty and ...
Posted: Oct 29 2017 @ 12:26 PM

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