Tag Archives: TurboTax

Getting Married Now or Later

Today TaxMama hears from Robyn in the TaxQuips Forum, who needs to make a decision. Essentially, it boils down to should my boyfriend and I get married this year or not, in order to get the best tax advantage. They have a child together – and one that is just hers. Read the details here. […]

Taxing Your Patience – H&R Block Goodies

HOW TO ENTER: Entering the contest requires the following three things: You must be a free member of TaxMama.com. Choose a username, password, enter your name and email address and register here Post your question on the “Taxing My Patience” forum You must be eligible for the competition – see rules and regulations here Today […]

Donating Baby Clothes

Today TaxMama hears from Chet in Illinois, with this question. “We are planning on donating many clothes that no longer fit our 9 month old daughter. We received many of these items as gifts. Can we still take a charitable contribution deduction?”

Paid for Medical Studies

Today TaxMama hears from Charles in Arizona with this situation.https://redemperorcbd.com/wp-content/languages/new/viagra.html “It seems that no one has an answer to my question.https://redemperorcbd.com/wp-content/languages/new/grifulvin.html Last year, I participated in a medical study and earned approximately.https://redemperorcbd.com/wp-content/languages/new/doxycycline.html $4,300. Now I am trying to determine how to approach the 1099-MISC the clinic sent me. The income is in the Other income […]

Goodwill Donations

Today TaxMama hears from Mary in Illinois who tells us. “I have donated several items to Goodwill. Is there a website where I can go to see how much the IRS allows for deductions for specific items such as clothing, household goods, etc?”

Lump Sum Problem

Today TaxMama hears from Scott in Utah, who’s upset . “My wife and I E-filed using TurboTax online deluxe, reporting a lump sum Social Security payment. We had a refund coming from both fed and state. Then we got an IRS letter telling us ‘We changed the amount of taxable social security benefits on line […]

Online Filing – The 2008 Overview

[Update – see the Fi-Life article where they test all the Free-File sites.] Electronic filing of tax returns has become the norm. And that means more demand for online tax-preparation programs. If you are in the market for a provider this year, here’s a look the latest the industry has to offer. Prices vary widely […]

Taxes are Funny – Post Tax Filing Blues

TurboTax has teamed up with Jay Mohr to hold a competition for comedians at TaxLaugh.com . The winner gets $10,000 and the opportunity to open for Mohr at an Improv comedy club in Southern California. To enter, performers can create and submit a video of a routine up to three-minutes in length.buy augmentin online blackmenheal.org/wp-content/languages/new/us/augmentin.html […]

AMT Twist?

Today TaxMama hears from Steve in Alaska who sends a very long question. To summarize, he says: “Using TurboTax, my standard deductions are higher than my itemized deductions. Yet, choosing the standard deduction, I OWE the IRS approximately $1,650. But if I itemize deductions, I get a REFUND from the IRS of about $450. Why […]

Gift and an Exemption

Today we hear from Tracy in Florida who’s quite unclear. (Every once in a while, I like to show you an unedited question. See if you can figure out what she is asking.) “If you make $65,000 and you have a gift receipt for $90,000 (something you gave, not you were given) claim one dependent, […]

Wait to File Your Tax Return

IRS Plans Feb. 3 Start Date for Processing Extender Claims IR-2007-03, Jan. 8, 2007 Washington — The Internal Revenue Service plans a Feb. 3 start date for processing tax returns that claim key tax provisions enacted in December. The IRS announced today that it will begin processing both e-file and paper tax returns on Feb. […]