It’s May the 4th… so, it’s a fitting day to kick off the most recent edition of Taxgirl Goes To The Movies with “Star Wars.”
“Star Wars” (later “Star Wars: Episode IV – A New Hope”) is the first film released in the Star Wars franchise.
From smuggling to bartering for droids, here’s a look at the tax consequences in the film.
May the 4th be with you!
Taxpayer asks: Several elderly friends have asked me to help them with administratrive work in there home. I would probably do this on an ongoing basis and I am sure each would end up paying me more that $600 a year. I would report all of this money (Schedule C I think) but am concerned…
The House has approved legislation that would end the extremely unpopular program that allows private collection agencies to collect tax debts for the IRS. The IRS had previously argued that the policy was not financially viable. Of the $32 million brought in since the collection bill went into effect, the IRS collected $7 million on…
Taxpayer asks: After 17 years and one 12yr old daughter, I was divorced in October 2007. The decree stated we would file jointly for 2007. However, the idiot was not co-operative and I had no W2’s . (He hasn’t paid child support either) My accountant said I could file for 1/2 of his income. I’m…
Taxpayer asks: My question is about how to file taxes for my work. Since I’m writing a TV show blog, can I deduct my cable bills? How about my internet? Taxgirl says: Ahh, deductions, the most mysterious of tax form entries. What’s deductible? What’s not? A lot of what can be deducted is very fact-specific,…
The IRS announced this week that it is changing the filing requirements for tax pros who submit a federal tax return claiming the Earned Income Tax Credit (EITC). Under new proposed regulations, paid tax preparers submitting EITC claims must also file a federal form 8867, Paid Preparer’s Earned Income Credit Checklist (downloads as a pdf)….
The weather is beautiful today in Philadelphia. The skies are blue and the sun is shining brightly. It looks like any other September day. Only it is not. It is September 11. Lots will be said about that date today. Politicians will make speeches. Anchors on the nightly news will analyze what happened on that…