Profit & Tax Blog

Romantic Tax Collectors Love Valentine’s Day, Too

Romantic Tax Collectors Love Valentine’s Day, Too

Valentine's Day Great for Taxes It's February, and love is in the air. Restaurants are advertising intimate Valentine's Day specials for two. Florists are rolling out the red carpet. And in the greeting card racks across the country, Hallmark's most accomplished poets...

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Country Crooners Sing the Blues

Country Crooners Sing the Blues

Judge Rules In Favor Of Country Music Producer  Country music embraces a long tradition of songs about sadness and ruin, heartbreak and pain. It just makes sense, then, that country sometimes runs afoul of the tax system. Most famously, Willie Nelson found...

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2018 Tax Outlook: Big Changes in Place!

2018 Tax Outlook: Big Changes in Place!

2018 Tax Cuts You Won't Want to Miss If you blinked, you might have missed it! Late last year, Washington passed the Tax Cuts and Jobs Act of 2017 -- the biggest tax overhaul in 31 years. It was so long ago that Ronald Reagan was still in the White House. Matlock,...

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iTaxes Version 38 Billion.0

iTaxes Version 38 Billion.0

Apple to pay $38 Billion in taxes and create 20,000 new jobs. In 2016, SyFy debuted a new show called Incorporated about a dystopian future where corporations, not governments, rule the world. If that nightmare ever comes true, we all know which real-world corporation...

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How Will I Know?

How Will I Know?

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...

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NFL Playoffs: Blue States Versus Red

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...

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He’s Mister Tax Miser

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...

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We Now Interrupt This Broadcast…

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...

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The Twelve Days of Taxmas

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...

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A Different Kind of Holiday Party

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...

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Take Charge of Your Debt & Pay Them Off Faster

Grab This Worksheet to Calculate Your Monthly Nut - Once you've paid your monthly nut (expenses), the rest is PROFIT!

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