Twitter Tax Tips #10
If you file MFS and your spouse opts to itemize, you must also itemize your deductions. #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)
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Tax Trivia: Prescription Drugs
We have a winner! See comments! Our next tax trivia question is: What’s the only state to charge sales tax on prescription medicines? Don’t forget: the first correct answer wins free CCH tax prep software. What’s your guess?
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Tax Trivia: Avoiding Taxes
We have a winner! See comments! Our next tax trivia question is: What did eccentric millionaire Howard Hughes do in order to avoid paying state taxes in California? Don’t forget: the first correct answer wins free CCH tax prep software. What’s your guess?
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Is the "Hummer Tax" the Answer?
Massachusetts has always been a little – we’ll call it different – when it comes to politics. And in some cases, it’s paid off. It’s true that you can drive through the state without being assaulted by billboard after billboard. And the state is, relatively speaking, free of litter and there’s very little in the…
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Tax Trivia: Deportation & Social Security
We have a winner! See comments! Our next tax trivia question is: In the mid-50s, Congress passed a law stating that Social Security benefits were not “rights” and could be taken away for a number of reasons, including deportation. Shortly thereafter, a resident alien who paid taxes into the Social Security system was eventually denied…
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Ask The taxgirl: More Stimulus Checks?
Taxpayer asks: Are we getting a second check in 2009? Taxgirl says: Not exactly. Beginning in April, employers will begin adjusting your withholding under the Making Work Pay Credit, giving you a few extra dollars in your paycheck. Phaseouts apply. Later in the year, those who are disabled or retired will receive a small check…
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Ask The Taxgirl: Forgotten Dependent
Taxpayer asks: Hi taxgirl! My daughter was born in 2008 and we sort of forgot to claim her. Call it mommy-brain… anyway, is it worth refiling? We are married, filing jointly, have one additional (claimed) child, and made about 325K in 2008. Thanks! Taxgirl says: As a mother of three young kids who has found…
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Tax Trivia: Private Collections
We have a winner! See comments! Our next tax trivia question is: The IRS announced this month that they would no longer be using the private collections companies authorized during the Bush administration. The Bush administration was not the first to have tried using private companies for collection. Which former President also authorized private companies…
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Taxgirl Trivia: Raising Revenue
We have a winner! See comments! Our next tax trivia question is: Beginning in the early 19th century, the US did not impose any direct taxes on income for nearly 50 years. Other than occasional excise taxes, what was biggest revenue raiser for the US during that time? Don’t forget: the first correct answer wins…
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Twitter Tax Tips #9
Double check Social Security numbers on your return. Incorrect SSNs are the 2nd most common tax return error. #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)