TSD Memphis

Sat04192014

Taxes: What is my filing status?

taxes 600To adequately – and legally – decrease our tax liability we must understand various components of our tax return. Let's begin with filing status.

What is a filing status?

A taxpayer's filing status impacts which tax rate is used and which standard deductions apply when calculating federal income tax for the year. For the most part, five different statuses are considered. They are: single, head of household, married filing separately, married filing jointly and qualifying widow/widower with dependents.

Keep in mind that there may be exceptions to the rules that may be more beneficial to you. So, speaking with a tax professional is recommended. Let's review the categories to determine which status applies to your situation.

Read more

OPENING THIS WEEK: Kam’s Kapsules

kamkapsule220 600For movies opening Feb. 21, 2014

BIG BUDGET FILMS

"3 Days to Kill" (PG-13 for sensuality, profanity and intense violence) McG directs this espionage thriller by Luc Besson about an ailing spy (Kevin Costner) who grudgingly agrees to crack a terrorist plot when he'd rather retire to spend some quality time with his teenage daughter (Hailee Steinfeld) and estranged wife (Connie Nielsen). Cast includes Amber Heard, Eriq Ebouaney and Richard Sammel.

"Pompeii" (PG-13 for intense violence, disaster scenes and brief sexuality) Romance drama, set in 79 A.D. against the backdrop of the eruption of Mount Vesuvius, revolving around the efforts of a slave-turned-gladiator (Kit Harrington) to rescue his soul mate (Emily Browning) before she is forced by her wealthy father (Jared Harris) into an arranged marriage to a crooked politician (Kiefer Sutherland). With Rebecca Eady, Carrie-Anne Moss, Sasha Roiz and Adewale Akinnuoye-Agbaje.

 

Read more

Forest Whitaker: The ‘Repentance’ interview

forestw 600Forest Whitaker is a distinguished artist and humanist. He is the founder of PeaceEarth Foundation, co-founder and chair of the International Institute for Peace and is the UNESCO Goodwill Ambassador for Peace and Reconciliation.

He is also a talented, versatile performer and one of Hollywood's most accomplished figures. Here, he talks about his latest movie, "Repentance," a psychological thriller co-starring Anthony Mackie, Sanaa Lathan, Nicole Ari Parker and Mike Epps.

Kam Williams: Editor/Legist Patricia Turnier asks: "What interested you in producing and starring in "Repentance?"
Forest Whitaker: I'd say the fact that it's a movie that talks about dealing with your past issues and past pain, and being able to move forward in the future from that. I think that's a lesson that we all have to deal with and learn from. In addition, the film offered me a great opportunity to do a really interesting character with an amazing cast of actors, and to be directed by a friend and associate, one of my partners. We own a company together. So, a lot of things came together to make this happen for us.

 

Read more

This week’s DVD releases

dvdrelease 600Top Ten DVD list for Feb. 18, 2014

"Game of Thrones: The Complete Third Season"
http://www.amazon.com/exec/obidos/ASIN/B00C8CQTJY/ref%3dnosim/thslfofire-20

"Silver Screen Romances" (8 Movie Collection)
http://www.amazon.com/exec/obidos/ASIN/B00GOC752E/ref%3dnosim/thslfofire-20

"For the Love of Liberty: The Story of America's Black Patriots"
http://www.amazon.com/exec/obidos/ASIN/B00GOC7538/ref%3dnosim/thslfofire-20

"The Ellen Show: The Complete Series"
http://www.amazon.com/exec/obidos/ASIN/B00H4WGH22/ref%3dnosim/thslfofire-20

Read more

‘About Last Night’

michaelealy 600If you're planning to do anything for Valentine's Day you should at least make plans to check out "About Last Night," which opens in theatres this Friday (Feb. 14th).

"About Last Night" is somewhat of a remake of the 1986 film, which starred Rob Lowe and Demi Moore and was a film version of the 1974 off-Broadway play "Sexual Perversity in Chicago." This particular adaptation stars Kevin Hart and Michael Ealy...and yes, it's a great film.

Ealy was in Memphis this past weekend promoting the film at a second sneak screening at the Malco Paradiso. The Red Carpet premiere was set to take place last week before the weather in Atlanta caused all of the flights to be cancelled and his appearance to be postponed.

Read more