Posts tagged as:

unearned income

I Kid You Not: Filing for Dependents

11 April 2011

The arrival of catalogues at my house have done quite a bit to up my daughter’s work ethic. She has it in her head to buy an American Girl doll, complete with accessories, and if you know anything about the brand, you know it’s not cheap. With that, she’s been offering to do all kinds [...]

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Ask the taxgirl: Tips and Income for Kids

5 February 2010

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 strickly for tips. I already checked with the “Head Bagger” at the commissary who said no type of 1099 will be sent. How do I go about claiming the monies [...]

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Ask the taxgirl: Allowances for Kids

26 September 2009

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. He gets to keep part of it and put the rest in the bank. If he saves a certain amount, he gets a bonus allowance. The point is to [...]

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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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