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taxgirl® - tax news, tax info and tax policy

April 14th, 2008

Ask the taxgirl: US citizens overseas

Taxpayer asks:
I am a permanent resident overseas. I file my USA tax return every year, but never have to pay tax as I pay enough here in this country. Will I still get the rebate and how can they direct credit if they have never been given my bank account details? I have […]

By Kelly -- 3 comments

April 9th, 2008

Ask the taxgirl: Credit Card Debt

Taxpayer asks:
I spent most of last year paying off my credit card. A friend told me that this was deductible but I don’t know where to put it on my taxes. Where does it go?
Taxgirl says:
I’m guessing that your friend hasn’t filed a tax return since the Reagan era…
Personal debt (other than […]

By Kelly -- 1 comment

April 8th, 2008

Ask the taxgirl: Charity and deductions

Taxpayer asks:
Hi taxgirl,
There is a woman at our church who recently lost her home in a storm. A few of us put our heads together and decided to take up a collection for her. We collected money, housewares, bedding, you name it. She lost almost everything that she owned so we started […]

By Kelly -- 0 comments

April 7th, 2008

Ask the taxgirl: Decedents and Remarriage

Taxpayer asks:
Ok, here’s an extremely random real-life question:
How do you file a return on someone whose spouse died in 2007 and who remarried also in 2007? The deceased in question sold a piece of jointly-owned property, as well as having social security income, so he does need to file, but the spouse can’t exactly file […]

By Kelly -- 4 comments

March 24th, 2008

Ask the taxgirl: 1099s, 1040s and Rebate Checks

Taxpayer asks:
I have 3 kids and this is my first year filing a 1099. Am I able to claim dependents on a 1099 misc and get a refund?
Taxgirl says:
There is a distinction between a form 1099 and a form 1040.
There are several different types of forms 1099 - you can read about many different […]

By Kelly -- 0 comments

March 24th, 2008

Ask the taxgirl: Navigating the forms 1040

Taxpayer asks:
Hello Kelly,
I have a tax question for you:
-I am a normal employee and will be filing a 1040ez for that.
-I also do freelance work on the side, have received 1099-MISCs for that work from clients, and will be filing a 1040 schedule C for that.
Do I simply file the two forms together?
Or is there […]

By Kelly -- 2 comments

January 31st, 2008

Are Childcare Expenses Considered Personal Services?

I just received an email from a reader who wanted me to correct my statement in my earlier “ask the taxgirl” post that “[i]ndividual taxpayers generally do not provide forms 1099-MISC for payments made to vendors for personal services” because she believes that “childcare expenses are personal services that require a 1099-MISC.”
I appreciate the email […]

By Kelly -- 0 comments

January 28th, 2007

Time Flies.

As posted before, you may have a day or so extra to file your taxes this year.
The IRS confirmed that the tax deadline this year will be Tuesday, April 17, 2007 for all taxpayers.  The extra time is because April 15 falls on a Sunday in 2007, and the following day is a holiday in […]

By Kelly -- 0 comments

November 15th, 2006

More Reasons to Love Massachusetts

As if Tom Brady and Curt Schilling aren’t enough, Massachusetts has given some taxpayers yet another reason to be thankful:  Patriots Day.  The holiday, which honors the battles of Lexington and Concord during the Revolutionary Way is observed on the third Monday in April.  Yeah, April.  So you know what that means…  Tax Day! 
The […]

By Kelly -- 0 comments

January 3rd, 2006

New Year, New Tax Filing Season

While the new year started for most folks on January 1, the new tax year begins for IRS on today, January 3.
Just this week, the IRS will send 17.7 million 1040 tax packages to taxpayers who have previously filed paper returns. This number is on the decline as more taxpayers opt for electronic filing. […]

By Kelly -- 0 comments

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