It’s Fix the Tax Code Friday! This week, I’ve been fielding a number of questions about forms 1099-C (debt cancellation). Under the Mortgage Forgiveness Debt
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Ask The Taxgirl: Foster Child
Taxpayer asks: Can I claim my foster child as a dependent? Taxgirl says: Yes, assuming that your foster child meets all of the other dependent
Read MoreAsk The Taxgirl: RRC & Dependents
Taxpayer asks: Hi Tax Girl, I thought I’d see our accountant today but she’s out, then I found out about you! My parents claimed me
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Twitter Tax Tips #10
If you file MFS and your spouse opts to itemize, you must also itemize your deductions. #TwitterTaxTip (For more on twitter tax tips, see my
Read MoreAsk The taxgirl: More Stimulus Checks?
Taxpayer asks: Are we getting a second check in 2009? Taxgirl says: Not exactly. Beginning in April, employers will begin adjusting your withholding under the
Read MoreAsk The Taxgirl: Forgotten Dependent
Taxpayer asks: Hi taxgirl! My daughter was born in 2008 and we sort of forgot to claim her. Call it mommy-brain… anyway, is it worth
Read MoreTwitter Tax Tips #9
Double check Social Security numbers on your return. Incorrect SSNs are the 2nd most common tax return error. #TwitterTaxTip (For more on twitter tax tips,
Read MoreReal Estate Tax Deductions For 2008 And 2009
Traditionally, taxpayers who owned homes could only deduct state and local real estate taxes if they opted to itemize their deductions. However, for the tax
Read MoreTwitter Tax Tips #8
If you moved in 08 due to a change in employment, you may be able to deduct reasonable moving expenses. #TwitterTaxTip (For more on twitter
Read MoreTwitter Tax Tips #7
For 2008 tax year, those who itemize can deduct state and local general sales taxes OR state and local income taxes. #TwitterTaxTip (For more on
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