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United States

Tax Trivia Giveaway #3: High Income Taxpayers

31 January 2012

Our next tax trivia question is: In 2000, Vice President Cheney and his wife owed federal taxes of $14,295,058 on adjusted gross income of $36,086,635. After taking into account withholding and other payments, how big a check did the Cheneys have to write when they mailed in their taxes? (I’ll take answers within $100,000) For [...]

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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 Talk 2012: Buddy Roemer

29 January 2012

With the Florida primary just days away, the race for the Republican nomination feels like it could be anyone’s game. The state of the economy remains a chief concern among voters. It’s important to understand what it is that each candidate hopes to bring to the table in terms of tax incentives, tax policy and [...]

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Ask the taxgirl: I Forgot Schedule M

26 January 2012

Taxpayer asks: I forgot to include the Schedule M with my free e-file. Should I do an amended return or ? Thank you. taxgirl says: Nope. There’s no need to amend because… there is no Schedule M for individual taxpayers for the 2011 tax year. The Schedule M was used to figure the Making Work [...]

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Taxes and the State of the Union

25 January 2012

Last night was the State of the Union speech as delivered by President Obama. Traditionally, the State of the Union speech is delivered once a year to both houses of Congress. For the last hundred years or so, the speech has been delivered in January of each year and is the President’s opportunity to address Congress [...]

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Tax Horror Stories Giveaway

24 January 2012

Everyone has a story about a tax return gone bad. And this is your chance to turn your bad tax move into a good one… Have a horrible tax filing story? Car break down blocks from the post office? Ran out of paper in the printer? Dog ate your return? Tell me your worst tax [...]

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Taxgirl Goes Dark for SOPA

18 January 2012

Quick, close your eyes. Now open them. You know, cause you can’t read the blog with your eyes closed. But remember how it looked. It was dark, right? Unfortunately, due to technical issues, I can’t actually make the site go dark for SOPA (the Stop Online Piracy Act). But I want you to get the [...]

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Why Justice Matters

16 January 2012

Today, we celebrate the life of Martin Luther King, Jr. To honor the day, I am reposting something that I wrote around this time three years ago. It remains one of my favorite posts. Enjoy! — I’ll be frank. I don’t always love being a lawyer. When I was a little girl, I used to watch [...]

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Are You Ready for Government Prepared Tax Returns?

13 January 2012

“The income tax has made more liars out of the American people than golf has.” – Will Rogers But what if it were easier? And what if the IRS made it nearly impossible to lie? What then? Last year, IRS Commissioner Doug Shulman hinted that one way to reduce the potential for tax fraud was [...]

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