Posts tagged as:

income-tax

Ask the taxgirl: Voluntary Spousal Support

7 July 2011

Taxpayer asks: My husband and I went through a mediator instead of a divorce lawyer.  Our MSA specifies a certain spousal support amount each month.  If he wants to give me extra and we both agree on it, can we claim this as spousal support on federal taxes or does he have to call it [...]

0 comments Read the full article →

Fix the Tax Code Friday: Lesser of Tax Evils?

25 June 2011

This month, Philadelphia voted to raise property taxes rather than impose a controversial sales tax on soda and sugary drinks, while New York won another round on its efforts to collect excise taxes from cigarettes sold by Indian nations. Other cities and states have struggled with similar questions when it comes to raising revenue. So today’s [...]

0 comments Read the full article →

Senator Urges Passage of Missing Kids Bill

11 January 2011

The IRS has some pretty tough privacy laws. If you’ve ever tried to order a tax transcript or ask a tax question, you know what I’m talking about. The IRS will not generally reveal third party information without the third party’s consent even when it affects the taxpayer. That privacy cap even extends to law [...]

9 comments Read the full article →

Ask the taxgirl: Reporting Gifts

28 December 2010

Taxpayer asks: Hello Tax Girl: I am in NY. My father is giving me approximately $25-$30k this year. He will be reporting the payment to the government by sending me a 1099. My question is: Are there any special provisions to keep in mind when I report this on my income tax form or do [...]

7 comments Read the full article →

The Morning After: The Tax Deal Hangover

8 December 2010

I’ll admit that I didn’t see yesterday’s tax deal coming. I was fairly certain that the drama would play out through this week. We still have drama but now it’s more of the “let me explain” variety. Let me see if I can sort out for you what happened and why. First, let’s talk timing. [...]

35 comments Read the full article →

Rangel Guilty on 11 Counts, Including Failure to Pay Tax

17 November 2010

After Charles Rangel (D-NY) walked out of a contentious hearing on ethics charges, the subcommittee debated the charges without him and found him guilty of 11 violations. The subcommittee found “clear and convincing” evidence of guilt, including failing to pay taxes on rental income earned on a house in Dominican Republic. Of all of the [...]

2 comments Read the full article →

Ask the taxgirl: Reporting Income Not on a W-2

2 October 2010

Taxpayer asks: Hi, Just wondering if I have multiple jobs one year, can I not declare taxes if what I earn from each individual job is less than $600, or does what I make from all the jobs added together have to be under $600? And what if its at the $600 mark; does it [...]

4 comments Read the full article →

Ask the taxgirl: Form W-4

15 June 2010

Taxpayer asks: I hope you don’t think this is too simple a question but I’m a confused newbie. I started a new job this week. They asked me to fill out tax forms. One of them is a W-4. I didn’t know what to do with it and the HR person told me to just [...]

7 comments Read the full article →

No income tax payments for nearly half of us!

9 April 2010

I’m sure you’ve seen the headlines all over the place about the projected stats for 2009 taxpayer liability… Here’s my take: No income tax payments for nearly half of us! – it continues!

4 comments Read the full article →

Tax Day Looms for Procrastinators

12 October 2009

Happy Columbus Day! It’s a holiday for many across the country. I can think of a bunch of fun ways to spend a day off. However, if you’re one of those taxpayers who filed an extension waaaay back in April to get a little extra time to file your federal income tax return, you might [...]

1 comment Read the full article →

← Previous Entries

Next Entries →