Taxpayer asks: I have 3 kids and this is my first year filing a 1099. Am I able to claim dependents on a 1099 misc and get a refund? Taxgirl says: There is a distinction between a form 1099 and a form 1040. There are several different types of forms 1099 – you can read…
Taxpayer asks: Hello Kelly, I have a tax question for you: -I am a normal employee and will be filing a 1040ez for that.-I also do freelance work on the side, have received 1099-MISCs for that work from clients, and will be filing a 1040 schedule C for that. Do I simply file the two…
If you’re contemplating a move in 2008 (despite the crazy housing market), consider these spots. These towns are where Money magazine says the best places to live in 2007 are: 1 Middleton, WI 2 Hanover, NH 3 Louisville, CO 4 Lake Mary, FL 5 Claremont, CA 6 Papillion, NE 7 Milton, MA 8 Chaska, MN…
Taxpayer asks: Last year, I lost my job. I haven’t found a full time job yet so I have been paying for my health insurance out of pocket by COBRA. Is this deductible on my taxes? A friend told me that it was but I thought only visits to the doctor and prescriptions were. Thanks…
Taxpayer asks: I have a question. I have been reading that you can deduct the cost of vacation homes or second homes. Each summer, our family rents out a beach home. Can we deduct this on our taxes? (I love your site – you’re very funny!) Taxgirl says: Thanks for the nice compliment about the…
Initial reports indicate that 32 people were arrested on Wednesday morning as part of protest to mark the fifth anniversary of the war in Iraq. As initially reported, the protesters blockaded the IRS building as a statement in protest of the use of tax dollars to fund the war. I am not sure how many…
If you had asked me, before today, what the single most important issue would be in the upcoming presidential election, I would have said the economy, hands down. For purposes of the election, it’s more important to voters than Iraq, than health care, than the environment (though clearly those issues are intertwined with the economy)….
Hey, you didn’t hear it from me. I’ve sworn off commenting on Murphy, remember? I’ve said my piece on Murphy – and argued with opposing counsel. I’ve posted my mea culpa. I’ve updated regarding Murphy’s petition for rehearing and the subsequent rejection of that petition. I’ve also referenced the Ninth Circuit’s decision not to address…
One of my favorite things to post about at taxgirl.com are tax policy issues. I am particularly struck by sin taxes and revenue raisers based on what “the norm” (whatever that is) might consider to be immoral behavior. This includes taxes like the crack tax, the pimp tax and the stripper tax (note to readers:…
This week, the US marked the fifth anniversary of the war in Iraq. President Bush is expected in his remarks on tomorrow to confirm that the war in Iraq was necessary, saying, “Removing Saddam Hussein from power was the right decision, and this is a fight America can and must win.” He is also expected…