1/31/08

SOME SUPER BOWL THOUGHTS and SOME GOOD TAX ARTICLES

Super Bowl Sunday is just a few days away and it's supposed to be the most watched Super Bowl ever. Here are some interesting stats that have nothing to do with what's going to be happening on the field...

• Last year, U.S. retailers sold 61 percent more TVs the week before the Super Bowl compared to the previous week, according to Ross Rubin, an analyst at NPD Group in Port Washington, N.Y. Revenue from TV sales jumped 46 percent that week.

• Domino's Pizza sales jump 30 percent on Super Bowl Sunday compared to a typical Sunday, according to Tim McIntyre, vice president of communications at Domino's Pizza LLC. The company expects to deliver more than 1.2 million pizzas across the country on game day.

• At La-Z-Boy Inc., January and February are among the strongest months for sales of recliners and sofas with reclining sections, according to Doug Collier, chief marketing officer.

• The biggest surprise about Super Bowl Sunday may be that it is NOT the biggest day of the year for beer sales. According to ACNielsen figures provided by the Beer Institute, a trade group, cases of beer during the two weeks preceding the big game rank seventh overall, behind comparable periods preceding Memorial Day, July 4th, Labor Day, Christmas, Easter and Thanksgiving.

So, as you sit back in your new recliner with your beer in one hand, your remote for your new 60-inch big screen in the other, and your pizza perched on your lap, you probably won't be thinking about the fact that it's time to start getting your tax "stuff" together. Come next week, however, if you haven't already gotten started, you might want to begin thinking about it. Here are are couple of articles that you might find helpful...

• First Time Home Buyers Guide to Taxes -- If you bought your first home last year, you'll need to know about all the deductions you can use as you prepare your first tax bill as a homeowner.

• Tax Breaks for Home Owners -- There are lots of tax reasons to own a home. Here's how to make the most of them and avoid the pitfalls.

• Ways to Pay Off Big Tax Bills -- The IRS does offer several payment options. But do file your taxes or you'll owe huge penalties.

Enjoy the game!

Warmest Regards,
Pook

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