Tax Law

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Tax Returns Are Hard, Says Federal Reserve Bank President

According to a spokesman, the mistake Timothy Geithner made on his tax returns is a common one, and since he's corrected it and paid the $34,000 he owed, the matter should be considered closed.  Our system is so complicated, said…



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Tax Tip: Income Earned In Antarctica May Not Be Deductible

A recent report advises U.S. citizens that, although up to $80,000 of income earned in a "foreign country" can normally be excluded from taxable income, that does not apply if you earned the money in Antarctica. Antarctica, which is not…


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Crocodile Dundee Taunts Tax Authorities

I guess after you’ve conquered New York, humiliated Colombian drug dealers, and . . . well, whatever happened in that third movie I didn’t even know existed until now, the Australian Tax Office does not seem very daunting. Paul Hogan,…



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People You Probably Don’t Want to Have Do Your Taxes

This list could probably get a lot longer, but right now I have two. First, Marva Bilberry, of Belton, Missouri, who runs Bilberry Bookkeeping & Tax Service, at least for now.  On April 11, the Justice Department sued Bilberry, alleging…


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The $100 Million Cite-Check Mistake

Those of you who think that only dorks do cite-checking are . . . well, you’re right, but unfortunately for you this is a dork-heavy profession.  It’s part of the job description.  Case in point: whoever forgot to double-check a…



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Witchcraft Class Ruled Tax-Deductible

Dutch tax officials have ruled that a woman can deduct about $2200 that she spent on a witchcraft-training class, on the grounds that she was using the class to "extend her professional knowledge." Apparently, she was training for her employment…


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‘Survivor’ Winner Charged With Filing False Tax Returns

Tax tip for today—if you win a million dollars on a nationally-televised TV show that made you (at least for a while) one of the best-known people in the world, you should probably list that income on your tax return….