Shares of Jackson-Hewitt stock continued to plummet in February as word of their problems with their RAL lender continued to make news. The stock opened at $2.16 today, well below the $4.50 mark it had dropped to after its December announcement that it would not be able to cover all of its RALs for the…
Here’s some food for thought, courtesy of Jen Miller on Interest.com: How Should You Do Your Taxes This Year? Jen asked me a few questions for the piece – it was a fun interview! The timing is great since tax season is upon us. If you’re looking for a tax pro, you might also be…
This tax season, Penny Lea Jones won’t be preparing tax returns if the feds have their way. U.S. District Judge Edward J. Lodge has issued a preliminary injunction barring Jones from preparing federal income tax returns for taxpayers while a lawsuit against her proceeds. The lawsuit is one of seven such actions filed by the…
Okay, maybe love is a bit much said. But the whole audit/examination process is over (at least for now, yes, yes, we know that 2008 is coming). It was oddly informative. While I’ve dealt with the IRS tons of times before, including related to audits, there’s still a different feeling on the other side of…
Admit it, you Google for tax advice. You might have even Googled to find me (Google seems to like me now that they no longer think I’m a porn site). But you can take Google too far… Just ask Kenneth and Trudi Woodard. The Woodards filed a joint federal income tax return for the 2004…
It’s Getting to Know You Tuesday! Today’s featured tax professional is Frank “Vinny the Body” Santoro. Frank describes himself as “Preacher’s Wife (on leave), Adoptive Parent, CPA, Libertarian, Musician, Amateur Theologian, Muckraker, Instrument Rated Pilot, Cancer Survivor and Know-It-All.” Let’s get to the interview! 1. Where are you now? At home on the couch, logging…
Taxpayer asks: Hello taxgirl, I love your blog! My question is as follows: I prepare taxes, so naturally I will prepare my own taxes. Can I deduct MY tax preparation fee (the fee I would charge someone else for a tax return with the same complexity)? Thanks, Taxgirl says: Thanks for the nice words! Unfortunately,…
Taxpayer asks: is a person suppose to take his 401 k statement with him when he gets his taxes done! even though im not taking anything out of it as a penalty and i dont plan on it! sure the 401 k plan is another income but im not taking anything out of it until…
In April of this year, I posted a list of Twittering Tax Pros. Since then, I’ve been tweeting up a storm and my list of folks that I follow has grown – that means it’s time for an update! Here’s the list so far (arranged by ABC order of real names, well, except for the…
William Goldstein, a popular Philadelphia tax attorney, passed away today. Here, reprinted with permission from Drinker Biddle, is his obituary: William M. Goldstein, 72, a partner at Drinker Biddle & Reath LLP in Philadelphia and one of the nation’s preeminent tax and business lawyers, died today. A resident of Wayne, Pa., he had battled cancer…