Jackson Hewitt 's Bankruptcy Saga!

Jackson Hewitt unsecured creditor's committee appointed | Reuters

Has your favorite charity lost its tax-exempt status?

If your favorite charity lost its tax-exempt status, you can't deduct those charitable contributions on your tax return!.

The Internal Revenue Service announced yesterday that approximately 275,000 organizations have automatically lost their tax-exempt status because they didn't file legally required annual reports for 3 consecutive years. The IRS believes the vast majority of these organizations are defunct, but announced special steps to help any existing organizations to apply for reinstatement. Below is a link to the list broken down by states.

http://www.irs.gov/charities/article/0,,id=240099,00.html

'Patriotic Millionaires' Tell What They've Done With Their Bush Tax Cuts

'Patriotic Millionaires' Describe What They've Done With Their Bush Tax Cuts: 'I Built A Dance Floor In My House'

Masschusetts K-12 schools

Massachusetts has one of the best K-12 education systems in the country. In 2009, 8th grade students scored higher on standardized NCES reading and math tests than in ANY OTHER state. Massachusetts' new budget, approved in May, added millions for K-12 education, including money for special ed. However, Federal funding is being reduced. The state and municipalities will have to shoulder a greater percentage of educational costs, and that spells lay-offs.