I’m sure that the IRS expected their charitable organizations section of the web site to be popular on yesterday but probably not as popular as it was. With an important deadline looming, charitable organizations found wait times to be excruciatingly slow and subject to time outs as they attempted to file the form 990-N (otherwise…
Taxpayer asks: Hi, I am getting married july 2010 for personal reasons. However, my husband and I are both going to still be in college until May 2011 and will be living separately with our parents as dependents. Would I need to change anything regarding my taxes? Could I still have my parents claim me…
Taxpayer asks: Hi,I am getting married july 2010 for personal reasons. However, my husband and I are both going to still be in college until May 2011 and will be living separately with our parents as dependents. Would I need to change anything regarding my taxes? Could I still have my parents claim me and…
Thanks to all of my readers who donated to Team Joye in the Komen Race for the Cure. Our team raised $1000 for breast cancer awareness and research. $1000! Thanks again for the support, you guys rock!
Years ago, small tax exempt organizations had it easy. So long as they raised less than $25,000 in a calendar year, they general didn’t have to file an informational return with IRS. Easy. That all changed in 2006. The Pension Protection Act of 2006 made it mandatory for most tax-exempt organizations to file an annual…
Some find Pennsylvania’s tax amnesty ads too scary – featuring interviews with the fabulous Joe Kristan and well, me.
I woke up this morning to grumblings on Facebook about Philadelphia’s budget deal: a “temporary” 9.9% increase in property taxes. The “temporary” (cause who really believes it will be temporary?) increase is an effort to plug a $150 million deficit in the city’s budget. The boost was approved by City Council and Mayor Nutter is…
In a remarkable change, South Carolina has voted to increase its cigarette tax for the first time since 1977. Well, sort of for the first time. The legislature originally increased the cigarette tax earlier in the month. But it was subsequently vetoed by Governor Sanford (R-SC). Today, however, the legislature managed to override the veto,…
Taxpayer asks: I have a stressful situation at my work and I haven’t been able to sleep. I went to my doctor and he told me to buy some relaxation tapes. Can I deduct those? Taxgirl says: I can totally sympathize with you. I couldn’t sleep more than a couple of hours during my first…
Imagine for a moment that the top wage earners in the land were forced to throw their funds into a common pot that would be shaken up and redistributed to those less fortunate than themselves – a sort of a take from the rich and give to the poor scheme. No, it’s not a promo…