Double Taxation

Weekend Roundup

Weekend Roundup

A few things you may have missed while taking in the NHL All-Star Game Pro Bowl SAG Awards Road House? Man, this was not a banner weekend for TV, was it?

No pressure or anything, but if Exxon Mobil can get started on their tax return early this year, why can’t you?

Withfilingseason in full swing, here’s a list of 10 common tax mistakes. Not listed: payingyour federal liability with an envelope stuffed with Danish krone and expired Arby’s coupons.

It’s always a good idea to double check that the capital gain being reported to you on your brokerage statements is correct, but self-review will be even more important this year with the change in reporting requirementsto require stock basis for certain purchases.

New Jersey ranks dead last among the 50 statesin the Tax Foundation’s Business Tax Climate Index, in part because of its oppressive sales tax, which ranks fifth-worst in the nation. In defense of the high rate,however,while other states have been struggling to stay afloat (I’m looking at you, California) New Jersey has been able to fully fund its budget solely from the sales tax collected on in-state purchases of Tag Body Spray and Ed Hardy t-shirts.

And in perhaps the most impactful breaking news story of the weekend, one intrepid blogger used his remote control, the interwebs, and presumably, several dozen bong rips todetermine thatthe exact date ofthe day described in Ice Cube’s timeless hit “It Was A Good Day” was January 20, 1992. Well done, good sir. Well done indeed.

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