- Days left
clownsThe city of Seattle recently was found in court to have overcharged its water customers and ordered to rebate $22 million to them. According to Seattlepi.com, the Seattle City Council is about to approve a surcharge on its city water bills to cover the cost of the rebate.

Yes- it is taking money from its water customers so it can give a rebate to those same customers. Meanwhile, the law firm handling the suit walked away with $4.2 million. Not surprisingly, the plaintiffs in this lawsuit have also filed other suits against the city, including challenging streetlight purchasing, expenditures for public art, and carbon footprint reimbursements to Seattle City Light. Ka-ching!

Meanwhile, legislators in nearby Oregon are considering tacking on $49.61 more tax on each barrel of beer produced in the state, which would represent a 1,900% jump. The funds will supposedly be used to fund treatment and prevention programs for, you guessed it, problem drinkers.

Finally, WalletPop recognizes Floridian Elvis Barrett for exceptional bad judgment. Earlier this month Barrett, while fleeing police who had attempted to pull him over for a traffic violation, managed to wrack up 50 traffic citations during the chase, including failure to wear his seat belt.

Increase your money and finance knowledge from home

How Financial Planners go Grocery Shopping

Learn to shop smart and save.

View Course »

Economics 101

Intro to economics. But fun.

View Course »

TurboTax Articles

Employer Sponsored Health Coverage Explained

The Affordable Care Act, also known as Obamacare, is simpler than some people may give it credit for. The basic rule to remember is that everyone must carry Minimum Essential Coverage (MEC) or pay a penalty. Employers with 50 full-time employees or more are obligated to sponsor plans for their workers to help them meet this requirement.

How to Report RSUs or Stock Grants on Your Tax Return

Restricted stock units (RSUs) and stock grants are often used by companies to reward their employees with an investment in the company rather than with cash. As the name implies, RSUs have rules as to when they can be sold. Stock grants often carry restrictions as well. How your stock grant is delivered to you, and whether or not it is vested, are the key factors when determining tax treatment.

What is a Schedule Q Form?

The Internal Revenue Service (IRS) has two very different forms that go by the name Schedule Q. One of them is for people who participate in certain real estate investments; this is known as a Form 1066 Schedule Q. The other Schedule Q deals with employer benefit plans. It?s not something an individual taxpayer would normally have to deal with, though a small business owner might need it.

Incentive Stock Options

Some employers use Incentive Stock Options (ISOs) as a way to attract and retain employees. While ISOs can offer a valuable opportunity to participate in your company's growth and profits, there are tax implications you should be aware of. We'll help you understand ISOs and fill you in on important timetables that affect your tax liability, so you can optimize the value of your ISOs.

Add a Comment

*0 / 3000 Character Maximum