Looking for your interest? The Internal Revenue Service (IRS) will begin sending interest payments to individual taxpayers who timely filed their 2019 federal income tax returns and
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Taxes From A To Z (2015): O Is For OID
It’s my annual “Taxes from A to Z” series! Next up: O is for OID OID stands for Original Issue Discount. You’ll likely hear this
Read MoreTaxes From A To Z (2015): M Is For Municipal Bonds
It’s my annual “Taxes from A to Z” series! Next up: M Is For Municipal Bonds Chances are, if you have an investment account, you
Read MoreAsk The Taxgirl: Allowances For Kids
Taxpayer asks: Hi,My husband and I have decided to open a bank account for our son. We’re going to give him an allowance every week.
Read MoreAsk The Taxgirl: Medical Settlements
Taxpayer asks: Hi Taxgirl, I seen you on Good Day Philadelphia today, and I’m glad there is someone out there that really knows what she’s
Read MoreAsk The Taxgirl: Interest Less Than $10
Taxpayer asks: The 1099-INT instructions state, payers of interest of $10 or more are required to furnish you and the IRS with this tax information.
Read MoreFix The Tax Code Friday: Home Mortgage Deduction
In light of Rep. Dingell’s proposal to eliminate the home mortgage deduction for houses larger than 3000 square feet, I wonder: Should the home mortgage
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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