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Tax Q & A
Are You A First Time Tax Filer Looking For Free...
Taxes! Usually, this word creates a strong emotive reaction in folks. We older people tend to not remember the days back when we first filed our very first 1040 EZ with the IRS. Since then it has been a blur of life: Homes...
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Don't Quit Your Day Job
I’m sure you remember when Susan Boyle became an overnight web sensation. Since then, thousands of hopeful musicians, writers, artists, and dancers are uploading videos in the hope of becoming the next millionaire. The...
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Earned Income Credit – Do You Qualify?
In order to qualify for an Earned Income Tax Credit (EITC) of up to $6,044, you must first meet these two qualifications: You must have earned income from employment or self-employment (see the full list on the IRS website...
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Can I Claim Cousins as Dependents?
Hey Dave, I lived with my younger cousins, ages 11 and 4, in 2013 except for about 2 months when I stayed with my father while he was sick. I provided more than half of their support for the year also. Can I claim them as...
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Household Employer’s Tax Guide (“Nanny Tax...
Household employers: Did you hire someone to care for your children in your home? Do you have a gardener, a handyman, or a chauffeur? How about a caregiver or private nurse for your elderly parent? Do you file W-2...
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My Ex Claimed My Kid!
Hey Dave, My two children live with my ex-husband. He is the custodial parent but we have joint custody. I pay child support and they come over to my house almost every weekend. We had a verbal agreement to each claim one child...
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Where’s My Tax Refund?
You got your return filed right on time (whew!) and you’ve got a nice big refund coming. You’re making plans to use your refund money for a summer vacation (or a new car purchase), but the funds don’t show up...
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Can You Claim a Prison Inmate as a Dependent?
Hey Dave, My son was arrested in December of 2012 and spent the entire year of 2013 in jail awaiting trial. During that year I paid his attorney fees, car payments, car insurance, and his per diem charges at the jail plus phone...
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How Do I Avoid a Penalty for Under Withholding?
Hey Dave, I hate allowing the government an interest free loan so I have always put my money into a savings account and then pay my tax when I file my tax return. But this year I had a penalty for owing too much at the end of...
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Tax Q & A
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