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
-
-
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…
-
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…
-
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…
-
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!!
-
Are You Guilty?
Have you made one of the top filing mistakes? IRS just released this list of the Top 16 Filing Mistakes for tax returns. If you’re a regular reader, you’ll notice that some of these questions have appeared on ask the taxgirl and other taxgirl features. Enjoy! And if you have a question, don’t forget to ask the taxgirl!…
-
Say What?
We’re about a fourth of the way through the list of positions not to take on your individual tax return per the IRS’ recent notice. Remember, the penalties for doing so can be $5000 per instance. Next on the list: 4. Wages, tips, and other compensation received for the performance of personal services are not taxable income…
-
Ask the Taxgirl: Figuring Home Office Deductions
Taxpayer asks: When figuring home office deduction for a separate structure like a garage, do you include the full square footage of the house and the garage or just the garage when it asks for office space? Taxgirl says: Assuming that you don’t pay separate utilities, etc., for the garage space, it makes the most…
-
And I Am Telling You…
And some more on the list of positions not to take on your individual income tax return: 33. Federal courts may not enforce the internal revenue laws because their jurisdiction is limited to admiralty or maritime cases or issues. Psst, remember: This is a list of positions NOT to take!!
-
Just Say No
More on the list of positions not to take on your tax return, as per the IRS’ recent notice: 2. The Internal Revenue Code is not law (or “positive law”) or its provisions are ineffective or inoperative, including the sections imposing an income tax or requiring the filing of tax returns, because the provisions have…
