Ask The Taxgirl – LIVE – Will Be Rescheduled
The ask the taxgirl LIVE segment originally scheduled for today will be rescheduled. Stay tuned for details!
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Update On Taxgirl.com & "The Ban"
For those of you who can only access taxgirl.com from your home because of the ban by SmartFilter, here’s where things stand” SmartFilter has banned my site – I have been notified of this by a few readers, including over at Roth & Co. The content is apparently too racy for the SmartFilter software. I…
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Looking To Increase Your Sales Tax Burden? Move To Chicago!
Your tourist souvenirs in the Windy City just got a little more expensive. As of November 2008, Chicago will become the most expensive city in the United States for paying sales tax. Cook County voted to double the county sales tax to 1.75% putting Chicago’s total sales tax bite at a whopping 10.25%. That officially…
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Liechtenstein Coming Around?
After vowing not to change its banking system despite a tax scandal spiraling out of control, the principality of Liechstenstein may be changing its mind. Prime Minister Otmar Hasler has reportedly told the Swiss newspaper Neue Zuercher Zeitung that “the reform process has already begun and I support it being continued.” He says that he…
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Obama’s Speech Interests IRS
The IRS is serious about the rules which prohibit non-profit organizations, including churches, from supporting candidates or political parties. Just a few week after the IRS mailed a lengthy letter to First Baptist Church of Buena Park pastor Wiley S. Drake advising that he was being investigated for his 2007 support of presidential hopeful Mike…
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Medical & Dental Expenses From A-Z
You know that you can deduct the cost of visits to the doctor and dentist, right? And that you can deduct the cost of parking and transportation to and from those visits? What else is deductible? Check out this handy list: 1, Abortion 2, Acupuncture 3, Alcoholism treatment 4, Ambulance service 5, Artificial Limb 6,…
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Medical & Dental Expenses From A-Z
You know that you can deduct the cost of visits to the doctor and dentist, right? And that you can deduct the cost of parking and transportation to and from those visits? What else is deductible? Check out this handy list: 1, Abortion 2, Acupuncture 3, Alcoholism treatment 4, Ambulance service 5, Artificial Limb 6,…
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9 Child-Related Tax Breaks That You May Be Overlooking
In recent weeks, I’ve received a flurry of emails from parents asking about whether band uniforms, soccer cleats and other expenses related to children are deductible. I thought it might be useful to have a checklist of some child-related deductions that you may be overlooking. 1, Child tax credit. If your modified AGI (adjusted gross…
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House Votes To Repeal Big Oil Tax Cuts
The House of Representatives has voted to repeal $18 billion of tax breaks for oil and gas producers, as expected. The bill passed by a vote of 236-182. The bill now heads to the Senate, where it will be more difficult to get a win. Even if it does pass in the Senate, the White…
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Ask The Taxgirl: Cell Phone Deductions
Taxpayer asks: I own a single-family home as rental property out of state that is characterized as investment property on my property insurance and as a non-owner occupied home on my mortgage. My brother manages and maintains the property for me. I bought his cell phone and pay his portion of the monthly charges on…