by Tiffany Mellow | Mar 26, 2017 | Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – I am the administrator of my Mother’s estate. All she owned at the time of her death was her car, her house and a few investments which were all sold at a loss. Am I required to file an estate income tax return? ANSWER: Dear Reader...
by Tiffany Mellow | Jan 15, 2017 | Personal Tax Deductions, Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – My Daughter graduated from college in May of this year. She started working in September and expects to make about eleven thousand dollars this year. Can we still claim her as a dependent for this year? ANSWER: Dear Reader: To claim her...
by Tiffany Mellow | Dec 28, 2016 | Personal Tax Deductions, Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – I donate money to different non-profit organizations. Every year my Tax Preparer deducts some but not all of them. I thought donations to all non-profit groups were tax deducible. ANSWER: Dear Reader – Non-profit groups don’t pay...
by allsaints | Sep 5, 2016 | Personal Tax Deductions, Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – Every week I place cash in the collection plate at church. I recently heard I cannot deduct it since I have no banking record. Is that true? ANSWER: Dear Reader – As of August 16, 2006 a receipt from the donee organization or a bank...
by allsaints | Apr 20, 2016 | Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – How long am I required to keep my tax records? ANSWER: Dear Reader – You should save all your income tax records for the current year and six previous years. Certain tax records like your income tax returns should be kept...
