It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something. – Franklin D. Roosevelt Clearly, something isn’t working in America. With mounting job losses, creeping retail sales, record foreclosures, it was clear that something had to change. What wasn’t abundantly…
Taxpayer asks: Just before Christmas, I was laid off work. I have been looking for a new job since then but there are not many jobs out there. My brother told me that I can deduct the time I’m spending looking for a new job but that doesn’t make sense. Can you help? Taxgirl says:…
Taxpayer asks: As a newly minted lawyer that is now doing contract work, I was wondering if Bar exam prep classes are tax-deductible? Or any licensing fees, occupation state taxes, or expenses related to GETTING a law license are tax-deductible. There is a thread on JDU on this but no one seems to have a…
Taxpayer asks: Punched in all the numbers in TurboTax for my 2008 taxes. The first thing It asked was how much my 2008 Economic Stimulus rebate check was ($2100). Surprise, surprise, it reduced my 2008 refund by $2100. According to the IRS web site the rebate should not effect by 2008 refund plus or minus….
EDITOR’S NOTE: This thread is now closed. As per my earlier warning, I will not allow comments on my site that resort to personal attacks or offensive language. It has become clear to me that a handful of folks insist on continuing to violate this policy. As a result, I will no longer accept comments…
It’s Fix the Tax Code Friday! This week, I mentioned that taxpayers in California may be on the hook for the choice that Nadya Suleman (“octuplet mom”) made to be implanted with a number of embryos. Suleman receives food stamps and other government assistance for her family of six previous children aged 2 to 7,…
I’m not going to issue a complete report on the stimulus plan until the ink on the signature page is dry (Obama plans to sign the final version of the bill on Monday). But for now, here are some fun stat facts about the bill: Number of pages in the bill: 680 (editor’s note: the…
Octuplet mom Nadya Suleman is causing furor this week in California – again. A number of reports appear to confirm that the hospital where the octuplets were born has requested reimbursement from Medi-Cal, the state’s Medicaid program, for the care of premature babies. While no numbers were officially disclosed, experts in the care of premature…
Taxpayer asks: Hello, Taxgirl Hope you are doing well! I have a Question I got a 1099-c form from wells fargo for about 5000 will this be alot of added taxes for me and my wife we made about 71000 last year we have 1- 4 year old. I am scared to file my taxes!…
Taxpayer asks: Taxgirl, where do you deduct expenses for fixing your home? My neighbor said that I can take off the cost of fixing my roof on my taxes but I don’t know where to put it. Taxgirl says: Hmm. I’m not sure that you should be getting your tax advice from your neighbor. Generally,…