Remember to report alimony received as income, alimony paid as a deduction but child support? It’s tax neutral. #TwitterTaxTip (For more on twitter tax tips,
Read MoreIRS Reverses Course On Collections
Internal Revenue Service (IRS) Commissioner Doug Shulman has announced that the IRS will not renew its contracts with two private debt collection agencies. Those contracts
Read MoreFree & Low-Cost Aid Available
In response to queries about finding low cost or free legal advice, the folks at Avvo sent me some information about their services: Avvo is
Read MoreTwitter Tax Tips #5
Out of work? You can deduct out of pocket expenses (resumes, agency fees, travel, etc.) related to your job hunt. #TwitterTaxTip
Read MoreFix the Tax Code Friday: Severance Packages
It’s Fix the Tax Code Friday! This week, unemployment news has been grim, to say the least. Total job losses over the last six months
Read MoreAsk The Taxgirl: Reimbursed Expenses
Taxpayer asks: Hi, Is the rule different if the firm pays for the BarBri expenses themselves? Is this repayment taxable as ordinary income? Any tax
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Ask The Taxgirl: Contacts, Glasses & Other Medical Expenses
Taxpayer asks: My friend says that you can deduct contacts on your taxes as medical costs. I thought you could only deduct doctor’s visits. Can
Read MoreAsk The Taxgirl: 2008 Mileage Rates
Taxpayer asks: I understand mileage rates changed in the middle of the year by the IRS. Can you offer the mileage rates for medical and
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Twitter Tax Tips #4
Looking for deductions? You can make contributions to your IRA until April 15 ’09 and still deduct for ’08 tax yr. #TwitterTaxTip (For more on
Read MoreCongress To Obama: Not So Fast
Just days after President Obama outlined his proposed budget, which includes tax modifications (yeah, it’s a cheesy word, keep reading) for high wage earners, key
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