Ask the taxgirl: Medical Expenses and Income Adjustments

Taxpayer asks: Dear TaxGirl, Recently I received a request from a company to fill out a W-9 form. ??I am not, nor have I ever been, an employee of this company. ??However, I did receive money from them. ??I?ll explain quickly? My mother worked as a 1099 employee for a manufacturing company. ??She sold millions ...

After most of us stopped paying attention Friday afternoon, a federal judge in Washington D.C. stunned the tax world by striking down the IRS effort to regulate tax preparers.  U.S.

Form 1040 is due one week from today.  Procrastinators everywhere are beginning to stir into action.  Many people still awaiting K-1s from partnerships are in full panic mode. Relax. Yes, April 15 means something.  It’s unwise to just ignore it.  Yet it is no cause to panic.

Wikipedia image Greg Mankiw,  The President’s Latest Bad Idea:

Upon which income earners will fall the greatest burden of paying the greatest tax burden from the Patient Protection and Affordable Care Act (aka "ObamaCare")?

Taxpayer asks: I was wrongfully fired off of assumptions. It?s a small family owned business. They used to pay me under the table. What are the steps/where do I turn to, to have them caught red handed for paying under the table? taxgirl says: This is one of those questions that is difficult to answer ...

? Taxpayer asks: Hello, I have a question please: If a person owes the IRS back taxes and wants to marry, is the other person affected when it comes to filing taxes jointly? Thank You. taxgirl says: The short answer is no. Your personal federal income tax liability generally remains your own personal federal income ...

Taxpayer asks: Since the self-employment tax rate is 12.4 percent, why do I have to pay 15.3%? taxgirl says: Self-employment tax, sometimes called SE tax, is a tax consisting of Social and Medicare taxes for those who work for themselves. It?s the equivalent of the total of Social and Medicare taxes, sometimes called FICA taxes, ...