Taxpayer asks:
My daughter turned 17 on Christmas Day. Can we get the extra rebate for her?
Taxgirl says:
Sorry, no. To claim the child credit for the rebate, your child must be under the age of 17 as of the end of the tax year (December 31).
But what a cool birth date!
Like any good lawyer, […]
Taxpayer asks:
We owed taxes for 2007 when we filed. We also had owed taxes from a few years ago. I was under the impression that the IRS would deduct the amount of taxes owed for any prior year(s) from the stimulus payment, but would not affect the 2007 taxes. We just received […]
Taxpayer asks:
Hi Tax Girl!
Maybe you will find this interesting..
Just bought a car off of ebay motors. The car is in a different
state. The person I am purchasing the car from does not have a
physical presence in my state of any kind. And the entire transaction
has been completed over the internet. (i.e. […]
Taxpayer asks:
With employees using their Blackberrys for email and phone service where it’s a mix between personal and business usage, what’s a reasonable approach when deciding how much can be taken as a deductible business expense?
Taxgirl says:
I think the same rules apply here as with cell phones. Check my prior post on the subject.
Like […]
Taxpayer asks:
I don’t understand. I have my stocks on a program that reinvests the dividends back into the stock. My broker says that this increases my bases. But my CPA says that I have to report this on my taxes. Why is this if I haven’t sold the stock?
Taxgirl says:
Dividend Reinvestment […]
Taxpayer asks:
Hi TaxGirl. I’ve searched all over the Internet and the IRS.gov website and I can’t find an answer to my question, so I’m hoping you can answer it:
My sisters don’t currently have healthcare insurance, so my mom is helping them with some of their healthcare bills and expenses. My understanding is that […]
Taxpayer asks:
Heeello! I was wondering if it is true that my stimulus payment could be taken for outstanding hospital bills I have yet to pay? If so, “How will that help boost the economy?”
Thanks for your time…
Taxgirl says:
The short answer is no. Rebates are being withheld or reduced for federal obligations such […]
Taxpayer asks:
Hi Kelly,
I have a quick question.I used e file ( turbo tax- free editon ) and IRS rejected it on 15th , so I sent my documents via postal mail.Meanwhile on my second attempt to e file with paper sign . IRS accepted my return. Does it create any problem as everywhere it […]
Taxpayer asks:
We thought we’d get an early start on taxes this year, but it didn’t happen. My husband and I used Turbo Tax to do our taxes (we also have two young children) and at first, it said that we owed $1200 or something like that. So, we waited until last minute to redo the […]
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 […]
tax news, tax info and tax policy - and it’s not as boring as you think!
Written by Kelly Phillips Erb [email] for b5media.
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