Year End Tax Questions?
I’m getting quite a few in the queue, so beginning the week after Thanksgiving, I’ll ramp up to at least once per week.
Have a question about charitable donations, individual tax planning or reporting? Ask the Taxgirl.
I’m getting quite a few in the queue, so beginning the week after Thanksgiving, I’ll ramp up to at least once per week.
Have a question about charitable donations, individual tax planning or reporting? Ask the Taxgirl.
Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English.
The homebuyer tax credit has been extended. Homebuyers now have until September 30, 2010, to close on their purchases after a late-night deal passed by the Senate. The bill now goes to President Obama who is expected to sign it into law. An extension had been proposed months ago but the measure failed to be…
Taxpayer asks: I just got married to my beautiful wife who happens to be Australian. I’m a graduate student in San Diego and she hasn’t come to live with me yet. My wedding was on December 27th so I’m wondering if it is somehow illegal for me to file my taxes as unmarried. She has never made…
Taxpayer asks: We thought we’d get an early start on taxes this year, but it didn’t happen. My husband and I used Turbo Tax to do our taxes (we also have two young children) and at first, it said that we owed $1200 or something like that. So, we waited until last minute to redo…
By far, the most popular questions to “ask the taxgirl” this season have involved the tax rebates. Of those, the most asked is “Do I qualify for a tax rebate?” To help you figure it out, here is a list of folks who do NOT qualify for a tax rebate: 1, You will NOT qualify…
I have a love/hate relationship with my house. I hate that the screen door in the back is broken but is nearly impossible to fix because we have an old Victorian with quirky (read: non-standard and expensive to replace) sized doors and windows. The floors in my kitchen are terrible. And for about two weeks…
M is for Miscellaneous Income. Wages and income, check. Interest and dividends, check. Net business income, check. Income from sale or disposition of property, check. But what happens to that income that doesn’t seem to fit nicely on your tax return? When you’re not sure where to report income, chances are it goes on good…