Real tax questions from real readers, answered. Got a question of your own? This is where Taxgirl answers them.
I kissed my daughter on the cheek just before bedtime and asked, “How does it feel being ten?” She gave me a big smile and said, “Just like being nine.” Apparently she was taking her birthday in stride. Not me. I was jelly. All day long. It doesn’t seem possible that I could have a…
Occasionally my mind is blown by what we can do with technology. Today is totally one of those days. I’m currently on a USAirways flight headed for Las Vegas where I’ll be speaking and mingling with about 1,400 other tax professionals at the Practitioners Symposium and TECH+ Conference in partnership with the Association for Accounting…
Taxpayer asks: I’m confused by part of the notice I got from the IRS about my 2010 taxes. The first part was clear – I apparently never got a tax form for some interest so didn’t declare it, and I have no quarrels about paying the tax plus penalty on that. However, the second part…
Welcome to another session of Ask the taxgirl LIVE! We’ll be getting started today, Wednesday, February 29, 2012, at 12:00 pm EST. I plan to answer as many questions related to federal income tax as I can in the space of an hour. If you have a question, check out these tips before you “ask…
Taxpayer asks: Before I got married, I used TurboTax to do my taxes. Now, my wife wants me to go somewhere to get our taxes done. I called around and got a few quotes. Some of them were as low as $150 and one guy wanted $500. How do I know who is the best…
Taxpayer asks: In 2010 I converted 40K from a traditional IRA to a Roth IRA. According to the rules I was allowed to defer payment of taxes on this until 2011 and 2012. How and where do I report income on my 2011 and 2012 returns?Thank you, taxgirl says: The rules for converting to a…
Taxpayer asks: I’m getting mixed responses about being able to write off my parking expenses for work. I am a hair stylist and technically work as an “employee” at a salon (commission-based). I drive to work and park in a paid lot. I have receipts totaling over $900 from 2011 parking. Can I write off…
Taxpayer asks: I have a question hope u are able to answer it for me i work at a hair salon as a barberWhen i started here i never filled out an application i dont have an independent contractors license neither just my hair license i started getting paid cash no check or anything sometimes…
Taxpayer asks: Hello – I work as a 1099 contractor and one of the folks I work for insists on: 1. Including reimbursable expenses in my 1099-Misc total 2. Including payment processed 1/3/2012 & paid 1/5/2012 for hours worked 12/16-12/31/2011 in my 2011 1099-Misc total Is the above the correct way to report? This is…
Taxpayer asks: Never had a 401k before so I have to ask. If all I did was put money in, didn’t take any out. Do I have to file a 1099 with my 1040or can I just file regularly with the 1040ez I do normally? I only put in about 605.00. I file single and…