Word: write-offs
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In line with tax reform, the new 1040s will include five income brackets, instead of 15. Many of the intricate old deductions, including the write-off for state sales tax, are gone. But supplemental income schedules contain a welter of new instructions. What does the IRS, fresh from the humiliating...
"I figure our businesses are kind of similar," Collins is rumored to have said. "We both attract large masses of people, take their money away, and still somehow leave them desiring to return. Besides, it's a tax write-off." ...
None of the celebrities, who filed jointly with their wives, were accused of any wrongdoing. But they may still have to pay huge sums in back taxes, penalties and interest. Sidney Poitier ended up with questionable deductions of $500,757, Michael Landon with $1 million, and his former Bonanza co...
"The elephants are quite considerate, really," says Hall. There is a cabbage tree next to his house. "The elephants pushed down all of the other cabbage trees here, but they left that one standing, because they did not want it to fall on the house." A pride of seven or...
For just $100,000, less than the price of an average single-family house, Investor Lloyd Lubensky managed to buy a 34.2% controlling interest in the seventh largest U.S. steel company, Wheeling-Pittsburgh, according to papers filed last week with the Securities and Exchange Commission. The 1.7 million shares he...