Taxpayer asks: I called the IRS they couldn’t help me and told me to call our local office since they do not know our state laws. I did. They couldn’t give me live help on the phone unless I was a business and to have my SS number ready.TurboTax gave me a “I think so”…
Remember Studebaker? Studebaker was a manufacturing company that started in 1852 in South Bend, Indiana, making wagons for farmers, miners, and the military. Ten years after the first gasoline-powered car was tested in the U.S., Studebaker entered the car manufacturing business and it was, at one point, the largest automobile maker in the world. By…
This week, I reached a pretty significant milestone: I finally paid off my undergraduate student loans. Hold the champagne: I now get to plug away at graduate loans which are much bigger. Don’t read too much into that, it’s not a complaint in the real sense. I have always considered my education an investment and…
It’s Fix the Tax Code Friday! “Above the line” deductions are deductions that you can take even if you don’t itemize. As such, they aren’t subject to phase-outs and income limits. Some common “above the line” deductions are: * Alimony (My favorite! Don’t you just have a mental picture of our a large number of…