The Senate voted tonight to approve a tax credit of up to $15,000 to first time homebuyers. The measure is part of the proposed stimulus package and is not yet law. More details and my opinion about the whole shebang on tomorrow.
[IMPORTANT editor’s note: When I wrote this post, I began with “I don’t think so” because the rules are very confusing and this falls under an exception. Since the original post, I’ve been made aware that I was wrong. Hey, it happens. I’ve chosen to retain the original post since the comments address what’s wrong…
In a comment to my prior post about late forms 1099 and W-2, one of my readers (Thanks, Adam!) pointed out that brokers were sending notices about late forms as a result of a recent law. I posted about the new law in the comments but then thought it deserved its own headline – so…
Taxpayer asks: I have not received my W2 and I want to do my taxes. When are we supposed to get them? Taxgirl says: You should receive your forms W-2 or 1099 by January 31. If you haven’t received your forms, you should first contact your employer (or the issuer). You might not have received…
Don’t get too excited just yet. Yes, the Senate did vote to give a tax break to new car buyers by a vote of 71-26. But the break is part of a stimulus package that has yet to be finalized. In other words, it’s still just part of the talk. But it was popular talk….
President Barack Obama has admitted that he made a mistake in handling the nomination of Tom Daschle. Daschle had been tapped by President Obama as his choice for Secretary of the Department of Health and Human Services until revelations that Daschle had made a number of errors on his taxes were made public. Daschle called…
Former Senator Tom Daschle has made a written request to President Obama to withdraw his nomination for Secretary of Health and Human Services. I will update you as I have more information.
Don’t get excited. It’s not Daschle. Today, Nancy Killefer withdrew her nomination to become chief performance officer in the Obama administration. The new position, created this year, was supposed to “restore fiscal order and reform government.” Apparently, not in her own house. Killefer withdrew her nomination due to “unspecified tax issues.” No further details were…
Girls Gone Wild founder Joe Francis continues to make headlines. Francis did not make a scheduled hearing on yesterday as part of his federal tax evasion case. Francis reportedly claimed that he was sick (*cough*) but some wonder if there might not be more to the story. Francis was scheduled to appear pro se because…
It’s contestapalooza at taxgirl.com! Here’s the rundown… You can win free software from TurboTax by telling me your tax filing horror story. Contest ends February 28. Tomorrow marks the beginning of the ever-popular “Win an A in Tax Law” contest for law and paralegal students. Check back tomorrow for a list of amazing prizes and…