Posts tagged as:

income

Ask the taxgirl: Overtime and 1099s

8 April 2009

Taxpayer asks: Hello, I have a question concerning a 1099 . I work for a company full time and get a w-2 at the end of the year. I have been asked to work additional hours and know that they usually do not like overtime. Can i ask them to 1099 me at the end [...]

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Ask the taxgirl: Where to Report Charitable Contributions

9 January 2009

Taxpayer asks: Hello there and thank you for answering my question. I am self employed and contributed nearly $8,000 in cash/non cash donations this past year (goodwill, church, habitat for humanity). When my friend did my taxes on her computer program it did not reflect a deduction upon entering in the charitable donation information. I [...]

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Ask the taxgirl: Lotto Winnings & Other Income

4 January 2009

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 that money? Taxgirl says: I believe that the money that you receive at Christmas is taxable. It is not really a *gift* (read more about gifts and bonuses here). It’s [...]

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Qualifications for Senator: 30 Yrs Old, US Citizen for 9 Yrs, State Residency (Understanding of Tax Code Not Required)

19 May 2008

Colorado senator Ken Salazar, who bested Coors beer Pete Coors for his Senate seat in 2004, has been mocked for his ignorance of the US Tax Code. Salazar, a fifth-generation Colorado rancher, touted himself as a man of the people, claiming that he understood the struggles of the working class and would create jobs and [...]

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TurboTax Responds to Customers Regarding Tax Rebates

17 May 2008

A reader just passed along this letter from Bob Meighan at TurboTax that several folks have apparently already received: Dear Valued Customer, We want to provide you with the most up–to–date information about the tax rebate to which you may be entitled. Recently, you may have received a letter from the IRS advising you when [...]

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Ask the taxgirl: Reporting Misc Income Under $600

14 April 2008

Taxpayer asks: Good Morning: My wife was working for a local music school teaching lesson for only a couple of months last year. She was paid a total of $120.00 for 2007. The Music store has not sent us a 1099-MISC form. How do I declare this income on my 1040 form? Do I still [...]

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Ask the taxgirl: Taxable Income and Rebates

26 February 2008

Taxpayer asks: Since whoever has earning in excess of $87K of AGI for singles ($174K married), they don’t qualify for rebate check. Here is the question: 2007 AGI? or 2006 AGI? (in other words, in my situation, my 2006 AGI is way less than 87K, and 2007 AGI is way more than 87$)? so do [...]

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Ask the taxgirl: No 1099

26 February 2008

Taxpayer asks: I have a question regarding a 1099 or rather a lack there of. I did independent contractor work for a company and they have not issued me a 1099 for 2007. I have a friend who did work for them in years prior and they never issued her one either. Do I report [...]

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Ask the taxgirl: Blogging reviews

30 December 2007

Taxpayer asks: I loved your presentation at BlogHer. Your session addressed more of my blogging concerns than any other I attended. My friend and I have been discussing taxes and blog product reviews lately, and I have a few interrelated questions. I would really appreciate whatever help advice or resources you can offer. I have [...]

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Buffet is critical… of the rich?

2 November 2007

I’m been following the conversations on Warren Buffet and his concerns about the tax system and have to say that I find it fascinating. When one of the wealthiest men in the world criticizing our tax system as “tilted towards the rich,” it’s time to take notice. See what else Buffet has to say:

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