The ABA Section of Taxation has announced the winners of its 10th Annual Law Student Tax Challenge: Wes Hill and Sims Rhyne III of Samford University School of Law were awarded first place in the J.D. Division. Judson Bryant and John Goodell of Northwestern University School of Law were awarded first place in the LL.M….
It’s trash talk season. The insults are flying. And nooo, I’m not talking about the Super Bowl. I’m talking about tax season. Jackson Hewitt, the nation’s #2 retail tax preparer service, has filed a lawsuit against H&R Block, the nation’s #1 retail tax preparer service, for making what it called “false, misleading and highly disparaging…
It’s been a wild weekend across the globe. The demonstrations in Egypt and Syria may have dominated the headlines but they weren’t the only protests happening in the world. In London, tax protesters made news when they collided with police. The protesters had gathered in front of stores on one of the toniest areas in…
Taxpayer asks: I had my tax returns prepared, and I don’ t think the CPA did a good job. I have not signed the forms nor have i provided the original copies of my various financial statements. Can I ask someone else to do them and discard the “first draft”? Thank you. taxgirl says: Absolutely….
Taxpayer asks: I was in college until May, and have been supporting myself since. I just filed my taxes for free at turbotax.com, filed as an independent, and got the email that my return has been accepted. Then my parents told me that they claimed me as a dependent so that they could keep me…
Taxpayer asks: at 5’4″ and 235# i was definately diagnoised with morbid obesity.. pre-diabetic and had BMI of 40.3. My choice of surgeons was one in Mexico.. my insurance would not cover his fees.. which.. even if I would have chosen one in the US and filed insurance claim.. I would have paid more out…
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…
Taxpayer asks: Hi! How much is the tax on alcohol in the UK. I live in the Philippines and am looking to import beer etc here and am wondering what the saving would be on various beer, cider and spirits. Thank you. Taxgirl says: You guys know that I love to help you out when…
Taxpayer asks: A place paid for me $663 for services performed. They said they will send me a 1099 at the end of the year. How do I figure the taxes to take out? Taxgirl says: If you are paid without having any taxes withheld (meaning, generally, that you’re going to receive a form 1099)…
Taxpayer asks: Hi Kelly, I read your article about incorporating to limit taxes. How about forming Limited Liability Corporations (LLC’s)? When you form an LLC for real esate holdings to limit liability, do you file as an individual or do you have to file for the LLC? Thanks. Taxgirl says: This is one of those…