- 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

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Getting out of debt

Everyone hates debt. Get out of it.

View Course »

TurboTax Articles

Depreciation of Business Assets

In an effort to stimulate the economy by encouraging businesses to buy new assets, Congress approved special depreciation and expensing rules for property acquired in 2014. However, beginning in 2015, we are back to the old depreciation rules.

Tax Deduction Wisdom - Should You Itemize?

Learn whether itemizing your deductions makes sense, or if you should simply take the no-questions-asked standard deduction. The standard deduction is always easier, but for one out of every four taxpayers, itemizing pays off with a lower tax bill. Browse this quick tax deduction overview to avoid paying more taxes than you actually owe.

Tax Breaks and Home Ownership

Home ownership brings with it not only many trips to home improvement stores, but also a slew of tax breaks. It's up to you to take full advantage of the write-offs available to you. Here's what you can and can't deduct.

When to Use Tax Form 1099-C for Cancellation of Debt

In most situations, if you receive a Form 1099-C from a lender after negotiating a debt cancellation with them, you'll have to report the amount on that form to the Internal Revenue Service as taxable income. Certain exceptions do apply.

What is IRS Form 8917?

If you, your spouse or dependents attended post-secondary school, you may be able to deduct a portion of the tuition and fees by reporting it on IRS Form 8717.

Add a Comment

*0 / 3000 Character Maximum