by HELEN GEIB
The annual day of reckoning is almost here. Soon we Americans will be released from the prolonged agony that inevitably precedes every April 15. In recognition of Tax Day, I’ve decided to devote this week’s DVD of the Week post to movies about death and taxes.
Although there is an actual movie with the title Death & Taxes, it’s a sketchy-sounding, out of print documentary and not the subject of my column. Rather, I’m turning the spotlight on three films that revolve around the two great inescapables. To set the stage and for the edification of my lucky readers who do not have to prepare their own tax returns, I’ve also included a few representative tidbits from the 2009 Form 1040 and accompanying 100-plus page Forms and Instructions.
42 Exemptions. If line 38 is $125,000 or less and you did not provide housing to a Midwestern displaced individual, multiply $3,650 by the number on line 6d. Otherwise, see page 37.
First up is a movie about the take-down of America’s most notorious tax scofflaw, Al Capone. Directed by Brian De Palma from a script by David Mamet, The Untouchables (1994) was inspired by federal agent Eliot Ness (Kevin Costner) and his incorruptible team’s crusading efforts to bring Capone (Robert De Niro) to justice and destroy his crime syndicate in Prohibition-era Chicago. There’s a lot of historically accurate death in this film, which fully points up the irony inherent in the famous true crime tale: Capone eluded murder and racketeering charges only to be convicted of federal income tax evasion. You’ve probably already seen The Untouchables, but if you haven’t, this is a good time of year to check it out. It’s calming to be reminded that the federal tax code has been a force for social good.
If you have to file Schedule D and Schedule D, line 18 or 19, is more than zero, use the Schedule D Tax Worksheet on page D-10 of the Instructions for Schedule D to figure the amount to enter on Form 1040, line 44. But if you are filing Form 2555 or 2555-EZ, you must use the Foreign Earned Income Tax Worksheet below instead.
A kinder, gentler version of “death and taxes” figures in Stranger Than Fiction (2006), which was directed by Marc Forster from Zach Helm’s script. An IRS agent (Will Ferrell) starts hearing a voice- and it’s narrating his life. That’s disquieting enough, but then the voice starts talking about his imminent death. The self-reflection this prompts is encouraged by his budding romance with the small business owner (Maggie Gyllenhaal) he’s auditing. Emma Thompson and Dustin Hoffman are enjoyable in supporting roles as a novelist and literature professor. The film is clever and amusing, and it also has a lot of heart. Auditors may complain about their profession being used as shorthand for being dead inside, but they should remember that movies are made by taxpayers.
If you are taking the standard deduction and you checked any box on line 39a, 39b, or 40b or you (or your spouse if filing jointly) can be claimed as a dependent on someone else’s 2009 return, see pages 35 and 36 to be sure you entered the correct amount on line 40a.
All right, I admit it, I’m stretching the point with my third pick: no one dies in The Blues Brothers (1980), at least not that I can recall. Only in a movie would no one-principals or bystanders- have been killed after the stunts they pulled, but more to the point, the sword of doom hangs over Jake (John Belushi) and Elwood (Dan Aykroyd, who also co-wrote with director John Landis) Blues as they fulfill their “mission from God.” The object of their mission? To raise enough money to pay the back property taxes on the orphanage where they grew up and save it from closing. It’s a good one to watch to put our tax preparation travails into perspective.
New releases this week: Defendor, Pirate Radio