Apparently Being Middle Class In The UK Sucks As Well…
At least according to one of my colleagues across the pond. You can read the reaction to my post about being middle class in America at Tax the Fish.
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What’s It Worth to You?
In response to my post about PETA’s proposed meat tax, Sally over at Living Without Meat had this to say: What she doesn’t share with us is if the tax deal goes through, will she go back to her formerly meat-free diet? That’s right: I used to be a vegetarian. I was meat free from…
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Fix The Tax Code Friday: Tax Apportionment
It’s Fix the Tax Code Friday! This week, Congress approved a spending bill with all kinds of expenditures tucked away, hidden from the glare of taxpayers. As taxpayers, we have little control over this kind of discretionary spending. It’s been suggested that taxpayers ought to have the option to earmark specific percentages of tax to…
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Tax Court Just Got A Little Busier
The US Supreme Court ruled this week in Hinck v. U.S., 06-376, that only the U.S. Tax Court may review refusals by the Internal Revenue Service to reduce interest payments for underpayment of taxes. John and Pamela Hinck initially brought their case in the US Court of Federal Claims seeking an $18,000 refund of interest,…
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Ask The Taxgirl: Donating My Art
Taxpayer asks: Last year I donated a painting that I created to our local church. I sold a similar painting through a gallery around the same time for $1000. Can I skip an appraisal and just use that the value for my charitable deduction on my tax return? Taxgirl says: Around this time of year,…
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The Ultimate In Pay As You Go!
Thanks to a reader who pointed out this article about tax allocation: http://www.wisegeek.com/what-is-personal-tax-earmarking.html
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Ask The Taxgirl: Oh Baby.
Taxpayer asks: Hi Taxgirl,we had a baby last year, and for part of the year after I returned to work, she was watched in-home by a woman who occasionally watches another little boy. The woman is not licensed as a day care provider, but we did pay her a weekly amount, is this deductible under the…
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Cell-ebrate Good Times, C’mon!
The confusion surrounding the infamous telephone excise tax continues to mount. Next on the list? A number of folks have the impression that, in order to claim the tax, you have to have a land-line. Not so. Cell phone users may qualify, as well as fax and internet phone customers. Why? The refund of the…
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Ask The Taxgirl: Installment Plans
Taxpayer asks: After filing my taxes, the end result was that I owe just over $800. Gasp! This is three weeks pay for me and I have NO savings at all. Can I make payments to the IRS? Is there any help they offer for people in my situation? Taxgirl says: Absolutely! You can establish…
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Don’t Do It
Continuing the list of positions not to take on your individual income tax return as determined by IRS: 34. Revenue Officers are not authorized to issue levies or Notices of Federal Tax Lien or to seize property in satisfaction of unpaid taxes. Psst, remember: This is a list of positions NOT to take!!
