A couple of quick things to note as we get closer to tax season… 1, I recommend that you search my site before asking your question. I might have already answered it and it will save you some agita. Use the search feature in the sidebar or browse the ask the taxgirl category. 2, Don’t…
Taxpayer asks: Hi Taxgirl, Hi, I’m a blogger and had a question about advertising income and taxes. I read your guest post on ProBlogger about deductible items for bloggers and am finding it VERY useful! My question is this — I belong to a few advertising network who charge advertisers to run ads on my…
Taxpayer asks: So I have been seeing Turbo Tax ads on TV that say it will give you a value for any clothing items that you donated, and that you can claim those as a tax deduction. Now what I am wondering is how would I prove that I donated these? Charities don’t give you…
Taxpayer asks:Hi Taxgirl, I have a question about deducting books as business expenses. If I run, say a web development business, and I purchase both technical and business books, are the purchases tax deductible as business expenses? I’ve searched and searched, but can’t seem to find anything. Thanks for your advice. Taxgirl says: Absolutely! To…
Taxpayer asks: Quick question from a slightly embarrassed newbie. Although I’ve been working as an hourly consultant for a few years, this year is the first year during which ALL of my income was received via 1099-MISC (I’m not incorporated in this state (Georgia), invoice an onsite consulting firm for my hours, and have checks…
Taxpayer asks: I regularly donate blood to the Red Cross. Can I deduct this on my taxes? Taxgirl says: This is by far the most interesting question that I’ve ever received on Ask the Taxgirl – and I’ve received some pretty good queries! It’s interesting because my first thought was “why not?” It’s a product….
Today’s question was not emailed but asked in person at BlogHer! It was asked after my session, so I thought I’d post it for the benefit of everyone. Taxpayer asks: Do I have to pay sales tax on sales through my web site? Taxgirl says: This is such a loaded question. I’ll start off by…
Taxpayer asks: Last year I donated a painting that I created to our local church. I sold a similar painting through a gallery around the same time for $1000. Can I skip an appraisal and just use that the value for my charitable deduction on my tax return? Taxgirl says: Around this time of year,…
Taxpayer asks: I had a IRA from a former employer that was rolled over to a brokerage account in 2006. While preparing for my tax appointment, I contacted the brokerage house to find out if I was due a 1099 as I hadn’t received one. They said no. So I went to my appointment, got…
Taxpayer asks: Hi,I rescue stray cats and take them to my vet to get them fixed. Can I deduct vet bills, disinfectant, feed and so on from my Income Tax Return? Thanks. Taxgirl says: Good question, but unfortunately the answer is no. You can’t deduct charitable acts like helping out animals, giving a homeless person…