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Tax tips for Indiana Jones

May 22, 2008

Thank goodness Indy is back to save us yet again.

Indy-box-set

In the almost 20 years since Harrison Ford last donned that battered
fedora, the villains in "Indiana Jones and the Kingdom of the Crystal
Skull" have changed (Cold War Ruskies instead of those evil Nazis). But
the archaeology-adventure mix is still there and Indy is still our
great academic and national hero
.

There is, however, one adversary that Indiana can’t save us, or himself, from: the IRS.

Luckily for the dashing taxpaying professor, blogger Riding With Rickey offers tax advice in A Memo from the Office of Steven R. Lawlor, CPA, to Indiana Jones.

Indy and, of course, his accountant, face some unique challenges.

There’s the 1040 entered in Aramaic (I didn’t realize that lost language also had different numerals; you do learn something new every day!), unconventional dependents and distinct alternative fuel vehicles.

And you’ve got to have special sympathy for CPA Lawlor, who apparently has been dealing with Indy’s penchant to pay for tax services with black market antiquities. Indy, you know better!

I know that, thanks to the heads-up from Lawlor (and Rickey), when the hubby and I do make it to a showing of the Crystal Skull, I’ll be keeping an eye out for other possible tax break opportunities for my favorite crusading archaeologist.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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