I’ve written quite a few posts on the Making Work Pay Credit this year. If you’re looking for something specific, try these:
If you still have questions, feel free to ask them in the comments below!
You’d think that the day after Tax Day would be quiet – but it’s not. You see, once tax time has come and gone, taxpayers are not completely off the hook. You’ll want to keep records and documentation on hand in the event that the IRS comes calling. Here are some tips to help you…
Looking to hire a tax professional this tax season? Here are 12 questions to ask when choosing a tax preparer.
We’re programmed to hate losses. A loss tends to mean that you did something wrong, made a poor move, or chose the ill-advised option. But in the tax world, a loss isn’t always a bad thing. Losses on paper sometimes mean a win at tax time – just ask Mitt Romney. Romney’s 2010 federal income…
Wondering where your stimulus check might be? It may soon be on its way to you. The Internal Revenue Service (IRS) has announced that about 50,000 individuals whose respective portions of the Economic Impact Payment (EIP, or stimulus check) were diverted to pay their spouse’s past-due child support will finally be getting their share. These catch-up payments…
B is for Bad Debt Expense. Most tax discussions about debt focus on debts that you owe. But what happens when the debt is owed to you? And worse, what if it’s pretty obvious that the debt isn’t going to be paid back? When that happens, you have a bad debt. For tax purposes, you…
As part of the Tax Cuts and Jobs Act, there have been changes to the deductibility of business-related meals and entertainment expenses. Here’s what you need to know.
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Thank you so much. I finished my taxes in Turbotax, but this question was still nagging me. This is by far the most straightforward set of answers/instructions that I’ve seen. You rock, taxgirl!!
Thanks, Julie!
Thanks for this series of posts — it was helpful in clearing up my confusion.
tax girl,
can a minister that is self employed and files a schedule C, and also is exempt from self employment tax with an approved form 4361, claim the making work pay credit?
steve