Taxpayer asks: I left my job as an editor at a media company, but continue to do some freelance work for them. When I submitted an invoice, I was told that for tax purposes I couldn’t be paid by them as an independent contractor in the same year that I was an employee. This means…
Taxpayer asks: I am a permanent resident overseas. I file my USA tax return every year, but never have to pay tax as I pay enough here in this country. Will I still get the rebate and how can they direct credit if they have never been given my bank account details? I have a…
Taxpayer asks: After 17 years and one 12yr old daughter, I was divorced in October 2007. The decree stated we would file jointly for 2007. However, the idiot was not co-operative and I had no W2’s . (He hasn’t paid child support either) My accountant said I could file for 1/2 of his income. I’m…
Taxpayer asks: After 17 years and one 12yr old daughter, I was divorced in October 2007. The decree stated we would file jointly for 2007. However, the idiot was not co-operative and I had no W2’s . (He hasn’t paid child support either) My accountant said I could file for 1/2 of his income. I’m…
Taxpayer asks: Hi, can I report my 2007 1099MISC income with my 2008 tax return? Taxgirl says: I wouldn’t. The IRS will receive a copy of the 1099-MISC issued by the payer and will expect to see corresponding income on your return. When the information doesn’t match up, you will likely receive a notice from…
Thirty-five percent of taxpayers who expect to receive a tax rebate this year plan to use the money to pay utility, credit card, housing or other bills. This is according to an AP/AOL Money & Finance poll. Those numbers are up a few points from the twenty-seven percent who made the same statements a year…
The House of Representatives Ways and Means Committee approved a bill that would offer tax breaks to first-time home buyers. The proposal would allow first-time home buyers, within income limits, a refundable tax credit of up to $7,500 that would have to be repaid to the government over a period of fifteen years. The tax…
A report by the Government Accountability Office (GAO) has found that there is (gasp) waste in government spending. Over a fifteen month period from 2005 to 2006, the GAO found that nearly 41% of credit card purchases – in the amount of $14 billion – were not billed out according to procedure. For purchases over…
With apologies to my brother and his family who no doubt voted for some of the representatives in the South Carolina legislature, the state should be embarrassed for its constant attempts to make the state fit someone’s view of morality. Just a few short days after South Carolina passed a law to give married couples…
Taxpayer asks: I spent most of last year paying off my credit card. A friend told me that this was deductible but I don’t know where to put it on my taxes. Where does it go? Taxgirl says: I’m guessing that your friend hasn’t filed a tax return since the Reagan era… Personal debt (other…