Taxpayer asks: A not for profit hosted a competition in which my 11 yr old daughter won $500. In order to write her the check,
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Taxes From A To Z: K Is For Kiddie Tax
K is for Kiddie Tax. It’s no secret that Congress is concerned about tax fraud. With loopholes and exceptions galore (all, ahem, actually created by
Read MoreI Kid You Not: Filing for Dependents
The arrival of catalogs at my house have done quite a bit to up my daughter’s work ethic. She has it in her head to
Read MoreAsk The Taxgirl: When Is Blogging Income Earned?
Taxpayer asks: Thanks taxgirl for helping me out on this one! I have a couple of different ad and affiliate accounts for my blog. When
Read MoreAsk The Taxgirl: Tips & Income For Kids
Taxpayer asks: My daughter worked as a bagger (bagged groceries) last year at our base commissary. The baggers do not receive a salary and work
Read MoreAsk The Taxgirl: Lotto Winnings & Other Income
Taxpayer asks: I deliver newspapers. Wondering if the Christmas money I receive is taxable. Also, why are lotto winnings taxable? How are you working for
Read MoreFix The Tax Code Friday: Dividends & Interest
Many proponents of the flat tax have advocated for the elimination of tax on dividends and interest, leaving only a tax on wages and “earned
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