Back To School: Paying For College With 529 Plans
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: paying for college with 529 plans.
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Back To School: When Do I Have To File A Tax Return?
It’s Back To School Week on the blog! All week long, I’ve been answering your questions about school and tax – complete with fun giveaways. Our final topic: if you’re a college student, you might have to file a federal income tax return. I answer the age old question: When do I need to file a tax return?
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IRS Rules All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes
The IRS and the Treasury have announced how same sex marriages will be treated for tax purposes – and it’s big!
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Ask The Taxgirl: Taxing Health Care Benefits
As health care benefits change, what does it mean for how those benefits are taxed?
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13 Understatements, Half-Truths & Misunderstandings About Motherhood
The interview was going fairly well. I was feeling confident, even in my borrowed suit, having fielded a number of questions about law school and my internship in the estates department at the Internal Revenue Service. I even passed an impromptu pop quiz about the Tax Code with flying colors, all while keeping my nerves…
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Louisiana To Offer ‘Fresh Start’ Tax Amnesty Program
As Louisiana looks for ways to patch its budget, it falls back on Gov. Jindal’s plan to offer amnesty. The plan, which was passed by the Legislature, calls for staggered tax amnesty beginning this fall.
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Ending Tax Breaks On Municipal Bonds Shifts Burden To The Rest Of Us
Better check that portfolio: the Obama administration is continuing to push for limits on the tax exemption of municipal bonds. The plan was tucked away in the President’s budget introduced in April but hasn’t attracted much public attention – until now, when it appears that the cap may actually happen. Traditionally, municipal bonds have attracted…
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IRS Issues Tax Relief Reminder For Taxpayers Affected By The Boston Marathon Bombings
The Internal Revenue Service has issued a reminder that Boston area taxpayers and others affected by the Boston Marathon bombings have until Monday, July 15, 2013, to file their individual 2012 federal income tax returns and make any payments due. The relief, which was announced just days after the tragedy, applies to all individual taxpayers…
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Parents Sue School For Art Auction Gone Bad
Every parent believes that their little darling is an artistic genius – but most of us settle for putting up a couple of paintings and drawings on the fridge door. That isn’t the case for Michelle and Jon Heinemann who felt that they could put a price on their child’s artwork. The exact price of…
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Hot Tips For Safeguarding Business & Tax Records
The rains and extreme weather continues to pound parts of the country this week. Earlier, I posted about taking steps to protect your personal documents and financial records in the event of a weather-related disaster. But what about your business? When it comes to business, Scan, scan, scan. Businesses deal with so much paper. Scanning…