Twitter Tax Tips #18
You can deduct tax prep fees (includes tax pro costs, software, e-filing, etc) in the year you pay them if you itemize. #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)
You can deduct tax prep fees (includes tax pro costs, software, e-filing, etc) in the year you pay them if you itemize. #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)
The House of Representatives voted today to extend existing tax cuts (as of today, I’m adding the term “so-called Bush tax cuts” to the list of phrases I promise not to say anymore this year – like the one that rhymes with Saxmageddon). The 256-1717 vote for H.R.8, Job Protection and Recession Prevention Act of…
This week, the US marked the fifth anniversary of the war in Iraq. President Bush is expected in his remarks on tomorrow to confirm that the war in Iraq was necessary, saying, “Removing Saddam Hussein from power was the right decision, and this is a fight America can and must win.” He is also expected…
Taxpayer asks: Hi, Just wondering if I have multiple jobs one year, can I not declare taxes if what I earn from each individual job is less than $600, or does what I make from all the jobs added together have to be under $600? And what if its at the $600 mark; does it…
Taxpayer asks: In 2005 we filed for Bk chpt 7. We were told we now have to file married joint we are now commonlaw in Texas per this attorney so we did. We want to file single because we are not married we have no documents can we just file single or do we have…
I remember the first phone call that I received about insolvency exceptions. A taxpayer called to ask me how to protect his daughter who had just been foreclosed upon – she was told to expect a tax bill as a result of the foreclosure. I remember thinking, “Wow, foreclosure? But how?” These were not folks…
Worried about making a mistake on your tax return? The IRS has identified the 9 most common tax filing errors. Here they are – as well as how to avoid them.