I’ve received a number of queries about the capital gains exclusion for the sale of a personal residence (more on that next week). But it
Read MoreAsk the Taxgirl: Taxable Gifts
Taxpayer asks: My mom gave me money through my paypal account. There were 3 separate transactions totaling $380 but was non-business related, do I need
Read MoreMind Your Business!
Don’t forget that many corporate tax returns are due on tomorrow, March 15. If you need an extension, use form 7004, available on the IRS
Read MoreAsk The Taxgirl: Tax Evasion
Taxpayer asks: Hi Taxgirl,I’ve been claiming lots of dependents (that don’t exist), but not filing or paying any Federal income taxes for the past three
Read MoreTax Changes For 2006 (Pt 7)
Of course, the most common changes for any tax year are items which are indexed for inflation. For 2006, this includes: Personal exemptions are increased
Read MoreTax Changes For 2006 (Pt 6)
For tax year 2006, the alternative minimum tax (the dreaded AMT) exemption rises to $62,500 for a married couple filing a joint return and to
Read MoreTax Changes For 2006 (Pt 5)
Mileage rates. I got to it, okay? Yes, this is #1 question I’ve been asked for the 2006 tax year. Take a deep breath. Here
Read MoreTax Changes For 2006 (Pt 4)
Prior to 2006, children under the age of 14 who have unearned income (dividends and interest) over $1600 and are claimed as dependents must be
Read MoreTax Changes For 2006 (Pt 3)
Believe it or not, members of the military often get overlooked when our legislature is crafting new tax laws. And sometimes, it takes a bit
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