Twitter Tax Tips #15
Losses aren’t taxable losses until realized (even if they suck). If no sale or other taxable event, no taxable loss. #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)
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Ask The Taxgirl: Running As Fast As I Can
Taxpayer asks: I saw on twitter that you ran a race this year so maybe you can help me. I run a number of races throughout the year and I occasionally win some money. My friend told me that I have to include that money on my taxes. Can I deduct the cost of the…
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Top Ten Tax Stories Of 2008: The World According To Taxgirl
It’s time for our annual review! Here are my picks for the top stories on taxgirl.com for the year: 10, Dancing With The Stars champ and race car driver Helio Castroneves is indicted on federal tax evasion charges. In a related story, my mother is stricken with grief and may never samba again (okay, I’m…
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21 Ways To Cut Your 2008 Individual Income Tax Bill
The clock is officially ticking. You only have a few more hours to lower your 2008 tax bill. Here are some last minute suggestions: Make a donation to charity. Cash, check or credit card payments made by the end of the year to a qualified charitable organization will result in a charitably deduction. Get a…
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Ask The Taxgirl: Making Tax Payments In Foreign Currency
Taxpayer asks: Dear Tax Girl, Do I have to pay my taxes in US dollars? Taxgirl says: What a fun question! At first, I was going to say “Of course!” But then I decided to do a little research and found out that I was wrong (sort of). According to the Tax Code (§6316 Payment…
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Ask The Taxgirl: Still Married After All These Years?
Taxpayer asks: Tax girl, I have been seperated from my wife for over 20 years. But we have never had a legal seperation on paper.Can I file single or do I still have to file Married filing seperate?Thank you for any information you can give. Taxgirl says: The feds look to state law for the…
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Taxgirl Holiday Tax Article On law.com
I was honored to find that one of my articles for the Legal Intelligencer was posted on law.com. You can read the piece, which focuses on tax issues related to holiday gifts and bonuses for employees, by clicking here.
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Tax Jobs
I know, I know, it’s tough out there. But on the plus side, tax season is coming! Here are some tax jobs that I’ve seen advertised as of late: 1, Senior Tax Accountant – Palm Beach County 2, Senior Tax Accountant – Philadelphia 3, Tax Accountants – East Norriton, PA 4, Tax Preparer – West…
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Fix The Tax Code Friday: Should Age Matter?
It’s Fix the Tax Code Friday! On many of the taxgirl.com threads about the possibility of a second economic stimulus package, there have been discussions about age – and whether a second package should benefit the young or old more. The undercurrent of age has also rippled through online discussions about child care credits, retirement…
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Ask The Taxgirl: Dependent Turns 17, Now What?
Taxpayer asks: I have a question.. when I filed my taxes in february of this yearI had 2 dependant one was 3 and the other one was 17 he turned 17 on december 23rd of 2007 when I filed in feb 2008 they did not give me the tax credit for him they said because…