Posts tagged as:

tax trivia

Tax Trivia Giveaway #1: Top Tax Rates

30 January 2012

Our first tax trivia question is: In 1913, Congress levied a one percent tax on net personal incomes above $3,000, with a six percent surtax on incomes above $500,000. As the nation sought greater revenue to finance the World War I effort, the top rate of the income tax rose considerably. What was the top income [...]

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Tax Trivia Giveaways

30 January 2012

Yep, it’s that time of year: free tax software! I have 20 access codes for free CompleteTax online tax prep software to give away to taxgirl readers, thanks to the good folks at CCH. Each code is good for online tax preparation and filing for one 2011 federal and one 2011 state tax return using [...]

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Tax Trivia: Extensions

21 January 2011

We have a winner! See the correct answer in the comments. Our final tax trivia question for the giveaway is: If you can’t file your tax return on time, you can request a six month extension using a federal form 4868. If you are outside of the country, you can request an additional (discretionary) extension [...]

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Tax Trivia: Tax Compliance Costs

20 January 2011

We have a winner! See the correct answer in the comments. Our next tax trivia question for the giveaway is: The National Taxpayer Advocate report to Congress cited tax complexity as one of the most serious problems facing individual taxpayers. The study found that 60% of taxpayers paid preparers to do their returns for them [...]

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Tax Trivia: Refund Payments

18 January 2011

We have a winner! See the correct answer in the comments. Our next tax trivia question for the giveaway is: For the 2010 tax season, taxpayers who claim a tax refund can opt to split their refunds into bank accounts or retirement accounts and buy up to $5000 in US savings bonds (Series I). Taxpayers [...]

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Tax Trivia: Very Special Medical Expenses

14 January 2011

We have a winner! See the correct answer in the comments. Our next tax trivia question for the giveaway is: In 2010, a New York state appeals board disallowed more than $300,000 in deductions for medical expenses to a taxpayer/tax accountant who claimed that he required sex therapy although it was not prescribed by a [...]

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Tax Trivia: Home Mortgage Interest Deduction

7 January 2011

We have a winner! See the correct answer in the comments. Our next tax trivia question for the giveaway is: According to the IRS, what percentage of those taxpayers who itemized tax deductions for tax year 2008 claimed the home mortgage interest deduction? I’m looking for answer +/- a percentage point. The first correct answer [...]

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Tax Trivia: Hot Topics of 2010

6 January 2011

We have a winner! See the correct answer in the comments. Our next tax trivia question for the giveaway is: In 2010, there were quite a number of hot tax topics. Based on the sheer number of page views, what tax topic (be specific) was the focus of the top three most viewed articles on [...]

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Tax Trivia: College Football Bowls

5 January 2011

We have a winner! See the correct answer in the comments. Also see this prior post. Our next tax trivia question for the giveaway is: In 2010, Rep. Joe Barton (R-TX) was instrumental in asking IRS to “thoroughly examine” a tax complaint filed against three college football bowls. Name all three. The first correct answer [...]

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Tax Trivia: Russian Revenues

4 January 2011

We have a winner! See the correct answer in the comments. Also see this prior post. Our next tax trivia question for the giveaway is: Russian Finance Minister Alexei Kudrin made headlines in 2010 when he encouraged Russians to generate more tax revenue by doing two things. What were they? The first correct answer wins [...]

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