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I'm late to the "game" so please accept my apologies. You can deduct the milage between your home and the project location because it is a...
By the way, that's the second major disagreement I've had with Turbo Tax this year. The other one involved Education Credits.
The instuctions say the Prius does not qualify for the Electric Vehicle credit. Are you claiming it anyway or am I misunderstanding you? If you...
I would like to respond to some of the posts here. First, I am an ex Block employee. I left Block 2 years ago (that's a long story that I really...
I just downloaded the Deduction Pro. I didn't like some of the registration questions, so I wasn't completely honest. It appeared (to me at...
Those huge increases in tax prep fees are one of the reasons I no longer work for Block. There are many choices in tax prep companies whose fees...
As a tax professional, I'd just like to add a couple of things to think about when considering software. First, even if you have the best...
You do not have to be rich to be subject to AMT. A large number of dependents or deducting lots of taxes on Schedule A can trigger AMT. Under...
I'm not an accountant, but have been preparing taxes for 10 years. The credit is limited to the amount of regular tax over AMT. Or to say it...
Your purchase in 2005 makes you eligible for a $2000 adjustment to income which reduces your taxable income. In my humble opinion and based on my...
Want to feel a little better about that 100k deduction (and FYI, most people don't qualify to take that much)? If the buyer ever stops using that...
FYI, gift tax is paid by the giver, not the receiver.
Believe it or not, you're rich. At 64K, you are well into the top 25% of income tax filers. You only needed an Adjusted Gross Income (AGI) of...
There are two ways to avoid underpayment penalities 1. Owe less than $1000 or 2. Have withholding and estimated payments of at least 90% of...
The easiest way to figure out your AMT liability is to grab a pencil, calculator (unless you are not as calculator dependent as I am), IRS Form...
The deduction is taken on the bottom of page 1 of the 1040 in the section labeled adjustments. It is a totally separate deduction from itemized...
You are so right, it is boring. Even though it would put me out of a job, I think a flat tax (not a consumption tax or national sales tax) makes...
For those of you who are confused about tax terminology and refundable vs non-refundable credits, I just posted in Fred's House of Pancakes about...
Ok, I've been reading many posts on the tax credit vs. tax deduction for the Prius. It appears that many posters are confused about several...
