Taxpayer asks: Dear taxgirl, Can a taxpayer refuse to have the credit on their paychecks and receive the full credit on their 2009 return? Also – are they changing the tax table for 2009 to help with this credit? Taxgirl says: The answer to the last question is the easiest: yes, the tables have been…
Taxpayer asks: I do not understand your story about Geithner. If he worked for the IMF for all of those years, why was he not considered an employee? Taxgirl says: That’s a great question and I should have elaborated a little more in my post. To be clear, the number of years that you are…
Taxpayer asks: I left my job as an editor at a media company, but continue to do some freelance work for them. When I submitted an invoice, I was told that for tax purposes I couldn’t be paid by them as an independent contractor in the same year that I was an employee. This means…
FedEx has a little more to deal with this season than holiday deliveries: it has been deflecting claims in multiple jurisdictions over its classification of drivers as independent contractors rather than employees. The tax implications are pretty easy to figure out: back taxes (FICA and withholding), penalties and interest. But what about those misclassified employees?…
While folks in Washington have seemingly come to terms with the idea that Blackwater might have killed some folks when they shouldn’t have, they are drawing the line where it hits Americans the hardest: cheating on taxes. Rep. Henry Waxman (D-CA) has made public a letter from IRS to Blackwater from March (yes, March) regarding…
You’ve always known that you’re supposed to report your gambling winnings on your taxes, right? Well, the IRS is making it a little easier (for them) to make sure that happens. Beginning March 4, 2008, casinos and other sponsors of poker tournaments will be required to report most winnings to winners and the Internal Revenue…
I continue to receive a number of questions about withholding – it seems to be the most confusing of issues that directly affect individual taxpayers. So, today’s Fix the Tax Code Friday question is: Should we do away completely with the withholding system and allow taxpayers to pay quarterly or annually?
Taxpayer asks: I just changed jobs and I don’t know how many exemptions to claim for withholding. Help! Taxgirl answers: This is one of those questions that is really fact-specific: it depends on your individual circumstances. That said, since I’m getting a fair number of questions about withholding, I’ll attempt to pass some general information…