V is for Voluntary Disclosure. I know what you’re thinking: this doesn’t apply to me because I don’t have offshore accounts. But don’t leave just
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Ask The Taxgirl: Home Offices And Capital Improvements
Taxpayer asks: I’m confused. Both my wife and I have home offices, each using about 5% of the total home square footage. Last year, we
Read MoreTaxes From A To Z (2013): T Is For Tenancy And Joint Ownership
T is for Tenancy. If you ask taxpayers how their assets are titled, many will simply say “joint ownership.” Under the law, however, there is
Read MoreTax Day Remains April 15, 2013, Despite Holidays & Hopes For Extensions
As Tax Day creeps closer, I’ve been getting a slew of messages – on Twitter, email, and Facebook – hopeful that the big day will
Read MoreTaxes From A To Z (2013): S Is For Statute Of Limitations
S is for Statute of Limitations. All good things must come to an end… And even the Internal Revenue Service has a limit on how
Read MoreTaxes From A To Z (2013): R Is For Recapture
R is for Recapture Rule (Alimony). The rules for regular alimony payments are pretty simple. If you receive alimony payments, you report those payments as
Read MoreTaxes From A To Z (2013): Q Is For Form 1099-Q
Q is for 1099-Q. If you are the owner of a qualified tuition program (QTP) (like a section 529 plan or a Coverdell ESA), you
Read MoreTaxes From A To Z (2013): P Is For Passive Activity Rules
P is for Passive Activity Rules. The Internal Revenue Service likes to match up income with deductions. And in most cases, when it comes to
Read MoreTaxes From A To Z (2013): N Is For Notice Of Deficiency
N is for Notice of Deficiency. Few things can be scarier for taxpayers than receiving mail from the Internal Revenue Service. No matter how intimidating
Read MoreTaxes From A To Z (2013): M Is For Miscellaneous Income
M is for Miscellaneous Income. Wages and income, check. Interest and dividends, check. Net business income, check. Income from sale or disposition of property, check.
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