Similar Posts
Poll Suggests Most Americans Happy With Tax Deal
Despite all of the grumbling in the press, most Americans are happy with the new tax deal, according to a CNN poll. Three in four of those polled said that they favored the bill when asked: Congress has passed and President Obama has signed into law a bill that would extend tax cuts for all…
Ask The Taxgirl: Withholding Exemptions
Taxpayer asks: I just changed jobs and I don’t know how many exemptions to claim for withholding. Help! Taxgirl answers: This is one of those questions that is really fact-specific: it depends on your individual circumstances. That said, since I’m getting a fair number of questions about withholding, I’ll attempt to pass some general information…
Find Out How Much In Stimulus Checks Paid Went To Your State
The Treasury Department and the Internal Revenue Service have announced that they have distributed more than 152 million Economic Impact Payments, sometimes referred to as stimulus checks. The payments total nearly $258 billion, with an average payment of $1,695 (that’s roughly the value of a check for a single adult and a child). “Economic Impact Payments have…
'Staggering' Sanctions Slapped On Wyly Brothers In Offshore Case
Staggering. That’s how a Manhattan federal judge described the sanctions imposed against Texas businessman Sam Wyly and his deceased brother’s estate today. The brother could expect pay nearly $400 million in civil tax-fraud penalties for their roles in using offshore trusts to evade reporting requirements. The judgment, together with interest, could be one of the…
No Bank Account? Here’s What You Need To Know
For weeks, I’ve been fielding questions from taxpayers who were hoping to have their stimulus checks applied to pre-paid debit or benefits cards. That is the case for some taxpayers, but most taxpayers have only two options: direct deposit or paper check. Both of them require access to a bank account or a check-cashing service. There’s…
9 Ways To Get Your Tax Return Noticed By The IRS (And That’s Not A Good Thing)
1. Don’t check your math. While most people use software these days, some taxpayers still do their forms 1040 (and 1040-EZ) by hand and math errors are the top mistake that taxpayers make. What you might not know is that the IRS has a staff of “checkers” who basically doublecheck your math. If your numbers…

