Whitney Houston's Estate Settled on a $2.2 Million Tax Bill In 2012, the singer Whitney Houston died suddenly, drowning in a hotel bathroom after years of battling drug addiction. Yet the world will always treasure her musical legacy. The Guinness Book of World...
Profit & Tax Blog
NFL Playoffs: Blue States Versus Red
Red State Sport Teams Have Competitive Advantage NFL playoffs have begun, and Wild Card Week featured some real competition. On Saturday, the red state sports teamTennessee Titans barbecued the red-state Kansas City Chiefs, 22-21, and the red-state Atlanta Falcons...
He’s Mister Tax Miser
A New Year Means Tax Changes! Welcome to 2018! New Years' always brings tax changes. Key numbers, like tax brackets, standard deductions, personal exemptions, and qualified plan contribution limits, all roll over on January 1. But this year brings more change than...
We Now Interrupt This Broadcast…
PSA: NEW TAX BILL On Sunday, October 30, 1938, Mercury Radio Theatre fans, who were listening to Ramon Racquello and His Orchestra, were interrupted by a news broadcast reporting an odd explosion on the planet Mars. Soon after, they learned that a cylindrical object...
The Twelve Days of Taxmas
How Much Would the Twelve Days of Christmas REALLY Cost? Every year, PNC Bank publishes their "Christmas Price Index" to track the cost of the Twelve Days of Christmas. For 2017, it's a hefty $157,558. (And you thought your holiday spending was out of control!) The...
A Different Kind of Holiday Party
244th Anniversary of the Boston Tea Party Your kids have finally finished eating their Halloween candy, which means that the real holidays are right around the corner. But before you sit down to open presents, December 16th marks the 244th anniversary of an important...
Area Actress to Wed Ex-Soldier
Area Actress to Wed Ex-Soldier Two hundred and forty-one years ago, we declared our independence from Mother England — over taxes, of course. But here on our side of the pond, we've never completely lost our affection for all things British. We applauded as the Queen...
Good Guys Share $175 Million Refund
IRS Loses Lawsuit to the tune of $175 Million! April 15 hasn't always been the national exercise in self-flagellation that it is today. Up until the 1940s, you could just waltz into your local IRS office and they would do your taxes for you. But those days have long...
Ivy League Tax Problems
You Don't Need An Ivy League Education to Save on Your Bill! They say that "what goes up must come down." But that's not true when it comes to college costs. U.S. News reports the average private college tuition stood at $16,233 back in 1997-98 — roughly $24,973 in...
The Rock Star, The Nude Estates, and the Lithuanian Shopping Mall
Lead Singer Bono, May Have Avoided Paying Taxes We've all got an image in our minds of who uses "offshore tax havens" to host their business. Let's say you're a junior-varsity Russian oligarch. You've spent a lifetime looting your country's resources like an...