Posts tagged as:

ask the taxgirl

Ask the taxgirl: Deductions for Cheftestants

27 April 2011

Taxpayer asks: I was watching Top Chef Masters and I ahd a question. I know you have to report your winnings on a game show. On the Masters version, the chefs don’t get the money because it goes to charity. My question is can they take a tax deduction? taxgirl says: I haven’t seen Top [...]

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Ask the taxgirl: Filing Late

20 April 2011

Taxpayer asks: I didn’t file my taxes yet. I have my reasons. What I need to know is can I wait until next year now to do both? It doesn’t matter since it’s already late. taxgirl says: Noooo! I get variations on this question a lot. And the answer is still noooooo. You should make [...]

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Sunday Mailbag: The Tax Refund Edition

17 April 2011

I’m peering out of my window on this early Sunday morning and there’s little evidence of the storms that moved through yesterday except for a lot of wet ground. I know that many of my friends and readers are not so lucky this morning, especially those in my home state of North Carolina. My thoughts [...]

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Ask the taxgirl: Double Dipping on Dependents

16 April 2011

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 [...]

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Ask the taxgirl: 2 Years of Making Work Pay Credit

13 April 2011

Taxpayer asks: Ok, I file my tax for 2009 and claim the Making work pay credit for that year. So can I claim for 2010 year as well? taxgirl says: Sure. So long as you qualify in each year, you can claim the credit in each year. It’s not limited to just one year as [...]

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Ask the taxgirl: Business Expenses

13 April 2011

Taxpayer asks: I give monthly to a Christian Radio Station. Is this considered a deduction since it comes out of my blogging business account, not my personal account??? taxgirl says: I love this question because there are a bunch of issues here… One, it’s smart that you’re keeping your blogging business and personal account information [...]

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Ask the taxgirl: Passive Income and The Making Work Pay Credit

12 April 2011

Taxpayer asks: Are retired persons who have a working interest in natural gas wells eligible for the making work pay credit? taxgirl says: If the interest means that you’re simply receiving a check from the gas company, then no. You have to have earned income in order to qualify for the Making Work Pay Credit. [...]

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Ask the taxgirl (update)

10 March 2011

In case you’re wondering, in the midst of all of this alphabet soup, I haven’t put “Ask the taxgirl” to the side. I have a slew of questions lined up in the queue – keep watching for the marathon!

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Ask the taxgirl: Making Work Pay Credit & Tax Years

21 February 2011

Taxpayer asks: Hi Tax girl, My nephew did not work in 2009…but did work the full year in 2010. Is he entitled to the making work pay credit? He does meet all of the other requirements. and If I could sneak in another quick question… My daughter did not claim the making work pay schedule [...]

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Ask the taxgirl: Tax Return “Drafts”

30 January 2011

Taxpayer asks: I had my tax returns prepared, and I don’ t think the CPA did a good job. I have not signed the forms nor have i provided the original copies of my various financial statements. Can I ask someone else to do them and discard the “first draft” ” Thank you. taxgirl says: [...]

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