Ask The Taxgirl (Update)
In case you’re wondering, in the midst of all of this alphabet soup, I haven’t put “Ask The Taxgirl” to the side. I have a slew of questions lined up in the queue – keep watching for the marathon!
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Ask The Taxgirl: Making Work Pay Credit & Tax Years
Taxpayer asks: Hi Tax girl, My nephew did not work in 2009…but did work the full year in 2010. Is he entitled to the making work pay credit? He does meet all of the other requirements. and If I could sneak in another quick question… My daughter did not claim the making work pay schedule…
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Ask The Taxgirl: Tax Return “Drafts”
Taxpayer asks: I had my tax returns prepared, and I don’ t think the CPA did a good job. I have not signed the forms nor have i provided the original copies of my various financial statements. Can I ask someone else to do them and discard the “first draft”? Thank you. taxgirl says: Absolutely….
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Ask The Taxgirl: Claiming Independent When You’re Not
Taxpayer asks: I was in college until May, and have been supporting myself since. I just filed my taxes for free at turbotax.com, filed as an independent, and got the email that my return has been accepted. Then my parents told me that they claimed me as a dependent so that they could keep me…
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Ask The Taxgirl: Foreign Medical Expenses
Taxpayer asks: at 5’4″ and 235# i was definately diagnoised with morbid obesity.. pre-diabetic and had BMI of 40.3. My choice of surgeons was one in Mexico.. my insurance would not cover his fees.. which.. even if I would have chosen one in the US and filed insurance claim.. I would have paid more out…
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Ask The Taxgirl: Filing When Common Law Married
Taxpayer asks: In 2005 we filed for Bk chpt 7. We were told we now have to file married joint we are now commonlaw in Texas per this attorney so we did. We want to file single because we are not married we have no documents can we just file single or do we have…
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What Not To Ask The Taxgirl
Taxpayer asks: Hi! How much is the tax on alcohol in the UK. I live in the Philippines and am looking to import beer etc here and am wondering what the saving would be on various beer, cider and spirits. Thank you. Taxgirl says: You guys know that I love to help you out when…
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Ask The Taxgirl: Filing Tax Returns For An LLC
Taxpayer asks: Hi Kelly, I read your article about incorporating to limit taxes. How about forming Limited Liability Corporations (LLC’s)? When you form an LLC for real esate holdings to limit liability, do you file as an individual or do you have to file for the LLC? Thanks. Taxgirl says: This is one of those…
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Ask The Taxgirl: Guard Dogs
Taxpayer asks: If you run a home office, can you claim animal costs for your “guard dog” if so does it have to be a dog? Taxgirl says: Funny, I’ve gotten a couple of variations on this question. Here are my thoughts. It is clear that you can pro-rate the cost of a security system…
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Ask The Taxgirl: Almost Married
Taxpayer asks: I’m getting married in March. Since I will be married when I file my taxes, do I file married? taxgirl says: Nope. For federal income tax purposes, your filing status is determined as of the last day of the tax year (December 31 for individuals). If you were single on that day, you…
