This time of year, most of the focus in the media tends to be on negativity – taxes gone bad, driving folks out of business and others to distraction. That’s why it was heartening to see this story on CNN about a taxpayer who caught a break with the new tax laws. As previously blogged,…
Taxpayer asks: Can food bloggers write off ALL or part of their ingredients from the recipes they post on their food blog? And/or, can they write off ingredients from paid campaigns where advertisers paid them to create a recipe? Taxgirl says: I’m actually going to answer this question by saying that I’m not going to…
A recent CBS News/New York Times poll has the White House scratching its head. Americans were asked, “In general, do you think the Obama Administration has increased taxes for most Americans, decreased taxes for most Americans or have they kept taxes the same for most Americans?” More than half of all those surveyed said that…
Taxpayer asks: Thanks taxgirl for helping me out on this one! I have a couple of different ad and affiliate accounts for my blog. When I earn money, they bank it until I hit a certain dollar amount and then they make a deposit into my PayPal account. A few of them accumulated earnings in…
Taxpayer asks: Hi Kelly, I saw you speak at BlogHer in San Francisco and was hoping I’d see you again this year in Chicago. Since I didn’t see you, I thought I’d email you a question. I just wanted to know if you had any updates to your handout from the BlogHer seminar about deductions…
Shares of Jackson-Hewitt stock continued to plummet in February as word of their problems with their RAL lender continued to make news. The stock opened at $2.16 today, well below the $4.50 mark it had dropped to after its December announcement that it would not be able to cover all of its RALs for the…
Despite weather conditions that have kept federal employees home for a fourth straight day in Washington, DC, the IRS claims that the blizzard won’t slow them down this tax season. TaxProf blog points out that many returns are actually processed outside of DC in such garden spots as Fresno and Kansas City. And despite the…
Taxpayer asks: Hi taxgirl, I have a strange question. I write a food blog. I create and cook all of my own recipes and post them online. Two years ago, I found out that someone was stealing my recipes and some of my photos and using them on another site. I ended up hiring a…
Taxpayer asks: I read your post about Mary Kay and I am still confused about hobbies. I own a bunch of blogs. I make money on some of them and I lose money on some of them. Does this make me a hobby? Taxgirl says: You’re right to be a little confused because this is…
Taxpayer asks: Thanks for taking my question! I wanted to say that I appreciate your blog, I find it easy to read and understand. I also like how you talk about your children as though they’re a real part of your life instead of accessories. That’s very refreshing to see online. That brings me to…