Tis the season! The questions to “ask the taxgirl” are coming fast and furious. Beginning in January, I’ll be posting more questions and answers than usual to try and work through the overflow in my inbox, so keep checking back.
I am happy to try and answer your questions, so don’t be shy. Read how “ask the taxgirl” works and ask away.
Taxpayer asks: 7 years ago when I divorced I spent alot of the money I received on my children. Now I read that maybe I could have used the money as a deduction on my taxes. One I bought a $16,000. mobile home, the other I paid off a $10,000 credit card bill. Can I…
Taxpayer asks: Thanks taxgirl for helping me out on this one! I have a couple of different ad and affiliate accounts for my blog. When I earn money, they bank it until I hit a certain dollar amount and then they make a deposit into my PayPal account. A few of them accumulated earnings in…
Taxpayer asks: Any idea whether the filing extension applies to gift tax returns? Taxgirl says: AUTHOR’S NOTE: There is (finally) official word from the Internal Revenue Service (IRS) on this issue: Normal filing and payment due dates continue to apply to estate and gift taxes. That said, my original reply remains below: Honestly, I don’t…
Taxpayer asks: Was the “Making work Pay” tax credit extended? taxgirl says: No, the Making Work Pay Credit was not extended as part of The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act which was signed into law on December 17, 2010. The credit is still applicable for the 2010 tax season since it…
Taxpayer asks: I received my 1099 on Feb. 8 and noticed that the amount looked higher than it should have been. So I checked my bank records twice. Compared to the 1099, my bank statements said $646.01 less than the 1099.Feb. 12, I call my ex-boss’ accountant (T), and tell him about this problem. I…
Occasionally my mind is blown by what we can do with technology. Today is totally one of those days. I’m currently on a USAirways flight headed for Las Vegas where I’ll be speaking and mingling with about 1,400 other tax professionals at the Practitioners Symposium and TECH+ Conference in partnership with the Association for Accounting…
Comments are closed.
I recently received a letter from the state of california saying I owed ( state ) taxes from years 1994 and 2005 . Now my question is the 1994 taxes isnt after so many years you dont have to save your records i am very surprized that they would go back that many years ?? what should I do ??
I need this info I am lost in what I am supposed to do
I live in PA and the state doesn’t have a staute on taxes. So, California may not either. What I would do? See what they are trying to collect on and if you don’t think you owe it explain why, or if you do…pay up!