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Tax Twitter Tuesday 11.17.2009

November 17, 2009

Twitter bird It's Tax Twitter Tuesday time again! Sorry I'm a bit tardy. This Tuesday had me in a real tizzy!

But I'm finally here, and glad you are, too.

For first-timers, on the third Tuesday of each month I sift through the gazillion tax Tweets and collect some as a blog post here at Don't Mess With Taxes.

If you're on Twitter and talk about taxes, all you have to do is keep doing what you're doing. The new lists feature should help me find your item.

But just to make sure I do, you can always "at" me; that is, include my Twitter ID @taxtweet in your Tweet. Or if we follow each other on Twitter, can send it to me via direct message there.

OK, that's enough housekeeping. Let's get to Tax Twitter Tuesday!

@rollcall Yo ho ho and a brawl over rum taxes between two U.S. territories http://bit.ly/1UYV4F

@CPALetter_Daily Today's #Tax Spotlight Story in #CPALD – Tax credit may have been too
big for some recipients http://ow.ly/D2cn

@joebwan Hey,
arsonists are people too!: You've stolen some money from your
customers. The hounds are closing in. Is it .. http://bit.ly/4tFwZB

@TheTaxCPA New blog post: Who can you trust? http://bit.ly/2bXcdo

@BillSheridan A $54,000 pension for life, courtesy of county taxpayers (from @baltimoresun) http://ow.ly/vGce

@TaxGuyCPA
The homebuyers credit has cost almost $10 billion so far. 107k civil
cases have been opened involving ineligible claims of the credit

@bruce_taxguy – I have a new post A brief overview of the {dreaded Alternative Minimum Tax (AMT). http://tinyurl.com/yexzzts

@Stacies_TaxTips What Kind of People Hide Money in
Swiss Accounts?: By Stacie Clifford Kitts, CPA http://bit.ly/17nQTP  

@taxfoundation Tax Policy Blog: Basically No New Taxes http://bit.ly/DARfA

@TaxNewz U.S. first-time home buyer tax credit: worth the cost? – Reuters [TAX NEWS – Google News] http://bit.ly/A5RVb

@OmahaCPA "higher tax rates on earnings reduce people’s incentive to work" http://ow.ly/BVHJ  

@verseconsulting RT @TaxUpdates USA: New Legislation Provides Elective NOL Carryback Period Of Up To Five Years http://tinyurl.com/yfrw9vp

@moneyhighway 'Honey, have you paid the driving bill
this month?' http://tgam.ca/Dln (via @globeandmail)

@jamesuccpa Things may get worse in Michigan and California. http://bit.ly/3N01zj

@NATPTAX IRS reaches settlements with 14,700 taxpayers over secret accounts in 70 foreign countries http://tinyurl.com/ya7f83w 

@taxplaya attention people who like tax relief: if you're against the tax hike agenda of @taxfoundation, "you need your IQ raised" http://bit.ly/peknx

@rogercpa CPA Exam Tip of the Day: For a Roth IRA, there is no reduction in taxable income when the contribution is made. http://bit.ly/mfi0Z    

@TaxDebtBlog #Tax Nearly 15000 Americans admit offshore tax cheating – WTAM.com http://bit.ly/4C3xIy 

@FICPA Ask a CPA: 2 unmrried pple own home. Wht cn IRS do if 1 person owes $ 4 back taxes/penalties? Is other 4 debt, 2? http://bit.ly/2ciaGH 

@wperez expanded homebuyer tax credit & more provisions in the Worker, Homeownership & Business Assistance Act http://bit.ly/3LaROk #about #tax 

@JoeTaxpayerBlog RT @RedeemingRiches: RT @onemoneydesign: Convert to a Roth IRA in 2010? http://bit.ly/2AnNSS > Good post. Commented. 

@HowardGinsberg Stimulus surprise: 15 million may owe IRS Tax. Nothing with taxes is ever simple, even when you're getting a tax break. http://ow.ly/D8lw 

@ronideutch Answers about the home buyers’ and homeowners’ tax credits http://tinyurl.com/ycpxtb6 

@rdftaxpro Beware of bad blanket tax advice! http://wanderingtaxpro.blog..

@CPA_Trendlines  #CPA link: "Unforeseen Circumstances" Exclusion From Gain on Sale of Home: Despite the.. http://bit.ly/GluuV via AICPA JofA

@DianeKennedyCPA Selling digital downloads (audio, video or special repts)? 18 states require sales tax. Read more. http://bit.ly/2uUUS9   

@taxresolution Innocent Spouse Tax Relief Not Always Applicable, But a Possibility for Some Facing Tax Charges: When tax probl.. http://bit.ly/4lc537  

@jkharris IRS' Offer in Compromise program, Not a magic wand! http://bit.ly/7tZVe

@WebCPAtweets Employees Stick with Workplace Retirement Plans: Despite the uncertain market conditions and negative headlines.. http://bit.ly/UT5Yv

And finally, we wrap up our third Tax Twitter Tuesday with a truly inspired Tweet: 

@Adrigonzo A Lesson in "Tax Porn" and Transparency from Norway http://tinyurl.com/yh4epmh $$ 

I know, I know, you're just dying to click on @Adrigonzo's link. I certainly won't keep you.

At symbol But before you head off to find out all the skin and skinny from Norway, thanks to all you dedicated Tax Tweeters.

We'll be back here on Dec. 15 with a whole lot more Twitter tax tidbits. See you then — and in between, too, I hope! — here at the ol' blog and on Twitter.

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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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TAX-SAVVY WAYS 
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.)

Comments
  • Tweet that buzz

    There’s a new roundup of tax blog posts at Robert D. Flach’s place. Meanwhile, Kay Bell has a new “Tax…

  • Toni McIntyre

    I notice the J K Harris site doesn’t mention Mr Harris’ time in prison, lol.

  • Thanks for the Tweet mention! I’m going through social media withdrawl these days, as we are going through personnel changes at work, which means insanity. Guess it’s not as bad as Congress though.

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