Taxpayer asks:
I can’t claim the making work pay tax credit. Do I need to file schedule M anyway?
Taxgirl says:
Nope. If you’re sure that you don’t qualify, then no need to complete the Schedule M. Just be really sure – you don’t want to leave money on the table!
Before you go: be sure to read my disclaimer. Remember, I’m a lawyer and we love disclaimers.
If you have a question, here’s how to Ask The Taxgirl.
With just a few days to go before the IRS starts to accept e-filed returns, my inbox is chock full of Ask The Taxgirl® emails. Here are some things to remember: I get a lot of emails and I read every single one. I’m not ignoring you but you’re also not the only email I’ll…
What’s the old saying? If you love something, throw it away and then reintroduce it in another tax year? Or something like that? Just as the form 1040 appears to be making a return to a more pre-TCJA-like format, we have another repackaged (sort of) tax form: form 1040-SR, U.S. Tax Return for Seniors. You may…
Taxpayer asks: Hi Taxgirl, Like many women this year, I got married and now I would like to donate my dress to charity. What do I need to do for tax purposes? I paid 1000 for it new and only wore it once. It is in good condition. Do I need it appraised? I still…
Taxpayer asks: Hello Taxgirl,I have a simple, yet complicated tax question. I worked for a company last year for the first 5 months, then for the last 7 months I was self- employed. Do I file two separate forms? Anything you can tell me I will greatly appreciate.Thank you, Taxgirl says: Here’s a lawyerly answer…
Taxpayer asks: Kelly, I hope you can help with this one… I have been contacted by the IRS that I didn’t file one year and the another year I didn’t file at all. They have sent me copies of my income and other information; the problem is that I don’t have any of my own…
Taxpayer asks: I have an online website sponsored through a company where I sell items and make a percentage off each sale. I am in the process of trying to get a trademark for the mark I use on the items that I sell. Unfortunately, there is someone else trying to get a similar trademark…
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I still have 3 children at home because of the economy. My eldest will be 26 this year and is trying to finish college. I was able to claim him on my taxes but he owed big. Is there some this we over looked. He only made 11,000. Also, will I be able to claim him as a dependent next year or will he be to old? I also have a daughter who also moved back in last year. Same situation..can’t make ends meet. I am supporting her with exception of the things she wants to buy. Made 9,000 last year. I did not claim her but would like to next year, she will be 25 this year. I don’t want her to owe like her brother does but I could really use the tax break since I have added a lot of expenses. What do you suggest? thank you very much for your help