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Celebrities with Tax Trouble
 “In this world nothing is certain but death and taxes,” said one patriot, but screw up on taxes and you’ll raise the hackles of the IRS. These folks are probably not looking forward to tax day.


Julio Cesar Chavez

For several years, six-time world champion boxer Julio Cesar Chavez  was considered the best pound-for-pound boxer in the world.

Sinbad

Sinbad didn’t laugh when the IRS started calling him and writing letters to get him to pay back taxes.

Nicolas Cage

Nicolas Cage won an Oscar for his role in this film, but apparently Vegas did not provide enough for him to keep his Nevada home.

Jim Thorpe

Golf pays big bucks to successful tour professionals, like Jim Thorpe. Some of that goes to Uncle Sam, and a golf cart is not a great getaway vehicle.

Floyd Mayweather

Undefeated five-division world champion boxer Floyd Mayweather, how would YOU like to be the one who has to collect his IRS debt?

Chris Tucker

Comedian Chris Tucker, is still working on his excuse for back taxes. His excuse for driving 109 mph?

Dionne Warwick

Dionne Warwick grew up singing in church and you’d think one of her Psychic Friends could have warned her about the IRS.

Pamela Anderson

Actress Pamela Anderson, she says she’s embarrassed by her tax problems.

Anthony Mason

Anthony Mason, who is an All-Star in the NBA when he played with this team, he’s known for shaving slogans into his hair.

Annie Leibovitz

Annie Leibovitz, one of the world’s best known portrait photographers, she was the last person to photograph John Lennon and the IRS is just one of her financial headaches.

Forest Whitaker

Forest Whitaker may have played this royal character, but that did not exempt him from his massive tax bill.

d Rollins

Campaign consultant Ed Rollins best known for work on this presidential campaign, would like to see his tax bill cut.

Paul Anka

Paul Anka had a number of hit songs, including writing a couple for this legend, but he owes some serious cash.

Randy Quaid

Randy Quaid tried to become a Canadian refugee, but it was not because of back taxes.

Terry McMillan

Award-winning author Terry McMillan will be hoping for another best-seller to match the success of this book to pay her back taxes.
Source:Specials

Tax Day Trivia

Tax Day trivia

It's almost Tax Day, but take note: The filing deadline is different this year. Before you prepare that return, have fun with some tax trivia and see if you can guess the answer before you click.
Scroll down to read about:
A tax-evading gangster
A famous song about taxes
A disaster on Tax Day

First federal tax deadline 

The 16th president of the Unites States first enacted a federal tax in 1861 to fund a momentous war. What president and five-star general was in office when April 15 became the official Tax Day?

Al Capone

The FBI called the 1930s Chicago gangster a public enemy, but it took IRS special agents to finally put him behind bars. Find out what crime he pleaded guilty to.

Celebrity tax evaders

Tax problems plagued a former vice-president and sent a famous boxer back into the ring. Find out which famous actor is currently serving time for his unpaid taxes.

Movies about taxes

In a long line of movies about the tax man, Will Ferrell was no Elf in a film about a socially isolated IRS agent who audits an Oscar-nominated actress. Which 2008 drama stars an action hero as an IRS agent who falls in love?

Elizabeth Taylor and Richard Burton

Hollywood legend Elizabeth Taylor and former husband Richard Burton caused a scandal while making this panned film. What was their next movie?


Attacks on IRS

People complain about the IRS, but Joe Stack made it a target when he flew his plane into an IRS building, killing himself and injuring 13 others. What city did the tragic event occur in?

Titanic

One of the biggest aquatic disasters of all time, which occurred on Tax Day, has long fascinated the public. The richest man in America at that time went down with the ship. Who was he?

Presidential salaries

The IRS has its own tax trivia site. What was the adjusted gross income for the first family in 2009?
 

George Harrison

 The Beatles' George Harrison wrote arguably the most popular song about taxes. The infamous ditty first appeared on what popular 1966 album?
Source:Specials
 

Air France Flight 447 Finally Found in Atlantic After Two-Year Mystery
Bodies of victims of Air France flight 447 finally found in the wreckage at bottom of the Atlantic after two-year mystery
* Investigators release underwater images of wreckage
* Fresh hope the plane's 'black box' will be recovered

The bodies of some of the 228 victims of the worst air crash in Air France’s history have been found some two-and-a-half miles below the Atlantic Ocean.

Macabre images of the underwater tomb, which includes British and Irish victims, have been grabbed by submarines equipped with robot-controlled cameras.

As investigators released some of the images in Paris, they said they also showed the ‘vast majority’ of the Airbus A330-203 had also been discovered, including its engines.



This raises renewed hope that the black box flight recorders can be retrieved, so helping to explain why Flight AF 447 crashed en route from Rio de Janeiro to Paris on June 1, 2009.

However, after being immersed under intense pressure and in sea water for almost two years, their data may be unreadable.

Confirming the discovery of ‘one large piece’ of the plane, France’s Transport Minister Nathalie Kosciusko-Morizet said it contained 'identifiable bodies' .

Jean-Paul Troadec, director of the Bureau of Investigations and Analysis (BEAR) said: ‘The positive news is that the debris field is relatively concentrated. Thus, we hope to find the black boxes.’


And Air France-KLM’s chief executive Pierre-Henri Gourgeon added: ‘This is very good news because it brings with it the hope that at last we will get some information on what caused this accident, which to this day remains unexplained.’

The £8million search is being financed jointly by Air France and Airbus, who are both at the centre of a criminal enquiry into the disaster, and face manslaughter charges.

An initial search immediately after the crash found 50 bodies and hundreds of pieces of the plane, but went cold after that.

The latest search around the Atlantic’s mountainous seabed has been classed by BEAR as a ‘systematic exploration’ of an area of 3,900 sq miles, at depth of some 13,200 feet


Victims’ families are negotiating multi-million pounds compensation claims, and have been highly critical of the way the searches have been carried out to date.

But they will be relieved that more of the bodies have finally been found, and can be buried or cremated properly.

The plane went down in a high-altitude thunderstorm, with experts suggesting that its sensors, known as pitot tubes and made by French company Thales SA, may have iced over and sent false speed information to on-board computers.

In November, Air France issued a memo to investigators saying the carrier had counted 15 incidents in which the sensors had iced over on the same aircraft type in the 10 previous months before the crash.

The latest search boat, operated by the American Woods Hole Oceanographic Institution, is unable to salvage the wreckage, but will continue to continue to take pictures using the same kind of equipment which was used explore the remains of the Titanic in 1985.

Salvage boats are currently heading for the area, and are expected to arrive by the end of this month.



Source:Dailymail

10 Smart Ways To Spend Your Tax Refund
10 smart ways to spend your tax refund
It’s tempting to use tax refund cash tosplurge on some fantasy indulgence. Instead, consider this your opportunity to get your life and house, literally, in order. The average tax refund in 2009 was $2,683. Follow these next 10 tips, and you’ll see a return on your investment for the long haul.

Upgrade your career skills
Invest in you. In today’s market,ou need to continue adding to your skill sets or risk becoming a career Neanderthal. Advance your career by learning new computer skills, or discovering how to use social media for promotional purposes, or expanding your entire network (and get a tax write-off) by attending conferences.

Continuing education courses are a first-rate way to upgrade as they’re comparatively inexpensive. Community colleges also offer independent course work and many computer-training companies teach short classes that can swiftly add to your job worth.
Pay down credit card debt
Boring as this sounds, it’s the single best investment you can make, considering the high interest rates and fees that come with many credit cards. You’ll also be investing in your peace of mind as nothing creates stress like unwieldy debt.
Visit the doctor or dentist
Again, not a thrilling option but a good one if you’d like to be around awhile. An annual checkup for both your body and teeth can save vast sums in the long run. It’s also another way to create peace of mind.
Run an energy audit
Whether you own or rent, an energy audit can help you save big bucks on utility costs, a gift that keeps on giving. A minimal audit – from $25 to $200 -- can reveal where you should seal leaks, improve power usage, add insulation and more. Then, once you’ve identified problem areas, you can take advantage of the government’s energy tax credit.
Improve your property
Replace your water heater or furnace before you’re facing a mini-flood or freezing house. Tackle maintenance projects you always said you’d get to one day. Replace outdated appliances and aging roofs or simply landscape your yard.
Create or add to an a emergency fund
Experts recommend setting aside three to six months’ worth of expenses in case of an emergency. The sum should be based on your fixed expenses, including mortgage or rent, utilities, food, loan payments, medical costs, etc. The base amount should be roughly $1,000 then you can work your way up to the total necessary amount. Keep your emergency fund in a separate savings account so you’re not tempted to dip into it for other expenses or treats.
Buy life insurance
Since no one likes to think about the inevitable, many of us put off investing in life insurance. If you wait until you’re older, the premiums increase and the return on investment isn’t as good. Term life insurance is probably your best bet. Life insurance is particularly important if you have family who depend upon your income.
Bulk up your retirement savings
Begin by maxing out any accounts that include an employer match; this is like free money where you’ll get the best bang for your buck. If such an option isn’t available, consider starting an IRA, which offers more control over your investment options than a 401(k).
Start investing
It doesn’t take much to begin investing, whether through managed funds, shares of stocks, or other methods. A Managed Investment Scheme (MIS) is a good place to start as a tax-effective option. It can help you manage taxes while building a healthy portfolio. Talk to a financial adviser for more information.
Service your car
An ounce of prevention is worth avoiding that dreaded “Check Engine” light on your dashboard. “Click and Clack,” the hilarious hosts of NPR’s popular “Car Talk” radio show are a great resource. Their website is full of suggestions about what you can handle yourself and what you should leave to a professional mechanic.

Source:Specials

2011 Maybach 62 S
 The Maybach isn't the most expensive car in the world, but it is the highest-price line of autos made by Mercedes-Benz. The 62S model of the Maybach — the automaker's answer to the Rolls-Royce and Bentley — costs 8 million Hong Kong dollars (about US$1 million). And that's without extras.But the biggest reason for its high price is the Hong Kong luxury tax, about 50% in this Chinese territory. In the U.S., the car costs about $459,000. Even so, we found that as luxury cars go, the Maybach doesn't offer much beyond what other cars in this category offer, save for a couple of features.

2011 Maybach 62 S

The Maybach received a facelift last year, and small changes were made to the exterior, including a larger chrome-radiator grille in front, more aerodynamic mirrors, new wheels — with 12-spoke 20-inch alloy hubcaps painted in a sterling silver color for the Maybach 52S and 62S — and daytime LED driving headlights (daytime driving lights are mandatory on cars sold in the European Union; but experts disagree on whether they cut down on the rate of traffic fatalities). Of all the Maybach models available in Hong Kong, the 62S has the most powerful engine. Oh, and the “S” stands for “special.”

The 62S was a popular Christmas gift among Hong Kongers, according to the dealership, and all 60 of its available models sold out in eight months. Now, there is an eight-month waiting list for the car.

At the Maybach dealership in Hong Kong — a decked-out space with a terrace overlooking Repulse Bay and an open bar — senior manager Karin Hoo explains why the car costs seven figures.

More colors: Buyers can choose from 18 different exterior colors, including the newest Maybach “New Bahamas Blue” (a dark sky blue). That’s four more than the standard number offered in Mercedes Benz models. Of course, as with all luxury cars, the Maybach can be painted any color under the rainbow for an extra fee.
2011 Maybach 62 S
Sheepskin interiors: High-grade nappa-leather interiors are standard and each seat is upholstered with a single piece of uncut hide. Buyers choose between two colors: black or white.

Back-seat recliner: Most Maybach owners rarely sit in the front seat of their car; they have chauffeurs. Fashioned after first-class airplane seating, the Maybach back seat reclines to a nearly flat position and comes with a leg rest and tray table on the side “That’s why they call the Maybach a ‘jet on wheels,’” Ms. Hoo says. The back seat has 84.5 centimeters of legroom.

Perfume atomizer: Forget about those paper air fresheners that hang on the rearview mirror. Each Maybach 62S is fitted with a perfume atomizer — built into the air-conditioning vent. That’s guaranteed not to stain the fine leather interior or your (no doubt) bespoke or haute couture clothing, of course. Swiss flavor and scent manufacturer Givaudan custom-blended two scents just for the Maybach: a citrus-y green tea and more-masculine agarwood.

An extra meter: Most Mercedes S-series models are roughly five meters long; the Maybach 62S — as its name denotes — is 6.2 meters. “We name the car in the same way boats are named after their length,” Ms. Hoo says.

A glass roof: With the press of a button, the glass roof changes from opaque to clear to let in more light (it’s made from a liquid-crystal membrane of conductive polymer plastic, and an electric current in the crystals changes the view). Another button triggers a cover to close over the glass roof completely.

Lighting: Turn on the side LED lights, along the edge of the window, for softer interior lighting. “The idea is to have just the right ambience the owner prefers,” Ms. Hoo says.

Engine: With a 12-cylinder, 630-horsepower engine, the Maybach 62S can hit 100 kilometers an hour in just five seconds (that’s a second faster than most luxury sports cars). It can hit a maximum speed of 250 kilometers an hour. The Maybach name, in fact, comes from engineer Wilhelm Maybach, who designed the engines of the first Mercedes.
Entertainment system: Two 9.5-inch flat-screen monitors are installed in the back of the front seats. The monitors can play DVDs or connect to the Internet through the car’s built-in WLAN wireless connection. Sound is surround: 21 speakers, designed by Bose, are strategically placed throughout the car for what Ms. Hoo calls “concert-hall quality.” And everything is controlled via a center console with a remote control in the back and front seats.

Customizable add-ons: “Each Maybach is meant to be bespoke, and personalized to the customer’s own preferences,” Ms. Hoo says. Ask and you shall receive, the dealership says, from adding your family crest to the seats to installing a minibar in the back. But there isn’t a list of “extras” from which to choose — it’s up to the customer to ask. Previous add-ons have included the family crests etched onto the glass, fax machines and cigar humidors.
Read More: Yahoo

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