Nine Things I’ve Learned About Tax From My Mom

By the time that you read this, I will be at home in NC with my family as my mom gears up for some major surgery. It’s a big deal. I know surgery is always a big deal but this is serious and it’s my mom. If you follow the blog, you know that I … Read more

The Month After: Refund Status, Lost Checks & Tax Planning

Tomorrow (May 18) marks exactly one month after Tax Day 2011. I know, just a month, right? It feels a lot longer to those of us in the tax profession. This is about the time that many folks start peering at their bank balances and wondering where the heck their refund checks are. If you’re … Read more

Ask the taxgirl: Double Dipping on Dependents

Taxpayer asks: Hi TaxGirl, Great website. You have put together a stunning resource. I really have enjoyed looking around! I have a brief question. I am 23, have a job, and live on my own. I went ahead and filed a federal return in February claiming myself as a dependent. I received a tax refund … Read more

Taxes from A to Z: X is for 1040-X

We all make mistakes. And occasionally, those mistakes happen to involve a federal income tax return. For just those occasions, the IRS has created the federal form 1040-X (downloads as a pdf). The form 1040-X is surprisingly short: a mere two pages long. That’s because it’s not meant to be a new return, just an … Read more

Ask the taxgirl: Gambling Winnings and Losses

Taxpayer asks: I filed the 1040ez for 2009 and had gambling winnings of 2500.00. I got a notice from IRS that I owe an increase of 625.00. It was reported on a w-2g I did not file a sched. A. How can I report my gambling loss of up to 2500.00 Since I have already … Read more

Ask The Taxgirl: Tax Evasion

Taxpayer asks: Hi Taxgirl, I’ve been claiming lots of dependents (that don’t exist), but not filing or paying any Federal income taxes for the past three years. What is going to happen to me? Taxgirl says:¬†Generally, if you’ve made a genuine mistake or you’ve omitted to include income on your return (or file at all), … Read more