It’s the refund meme! Here are the questions: 1, If you could do whatever you wanted, how would YOU spend an income tax refund? 2, Is that the same or different from how you actually plan to spend it? (Psst, you can say that you’re not getting one – that’s a valid answer.) And there’s…
Taxpayer asks: I am a Fire Fighter. We work a 24 hour shift with no designated time (or time off) for meals. Therefore, we take lunch, supper, etc when ever possible between calls. They are often interupted to perform our job. My question: do these circumstances make us eligible for standard deductions (per dium) rates…
Filling out those tourney brackets? Remember that your winnings (and all gambling winnings) are taxable! #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)
Oh, what would Biggie think? His former protege, Lil’ Kim (real name: Kimberly Denise Jones), has been trying to reinvent herself following a stint in federal prison in 2005. Kim was found guilty of conspiracy and perjury for lying to a grand jury about a 2001 shooting outside the Hot 97 studios in Manhattan and…
We have a winner! See comments! Our last tax trivia question is (though we’re still waiting for a winner on the other one!): In what popular TV show does the star of the show get turned into the IRS for audit by a neighbor, who justified it by saying: But you know he deserved it….
Note from Taxgirl: I’ve written a few pieces about the credit since this piece originally posted. Many of the questions and comments related to this post can be answered by checking out this updated post about sorting out the credit. You can find out more about calculating the credit here. As of April 1, many…
If it seems too good to be true, it probably is. Keep that adage in mind this tax season. There are a number of scams floating about which purport to get you more cash, faster. You should keep in mind that the government doesn’t use “middle men” to get you a refund faster or to…
We have a winner! See comments! Our next tax trivia question is: In 2008, the most popular topic for both “ask the taxgirl” and search terms on my blog was the tax rebate/stimulus check. What was second (you must be specific)? Don’t forget: the first correct answer wins free CCH tax prep software. What’s your…
If you’re planning on requesting a corp tax extension, remember it’s an extension of time to file, not time to pay. #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)
Taxpayer asks: Dear taxgirl, 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…