by taxnick on February 17, 2010
Managing household paperwork, finances and taxes for military families just got easier thanks to the new Military Spouses Residency Relief Act, according to H&R Block (NYSE: HRB).
The act affects the tax status of families when they move on military orders by allowing more flexibility when it comes to state taxes. Servicemembers often retain their permanent [...]
by taxnick on February 17, 2010
The Internal Revenue Service’s downtown office will be open Saturday to answer taxpayer questions regarding their 2009 returns.
IRS employees currently provide assistance for taxpayers from 8:30 a.m. to 4:30 p.m. Monday through Friday at the office at 324 25th St. The office will be open from 9 a.m. to 2 p.m. Saturday to help taxpayers [...]
by taxnick on February 17, 2010
1. Tax “custody” is different.
These days, family courts often award “joint” custody of a child–joint legal custody and sometimes joint physical custody too. In the tax world there is no such thing. Custody, meaning the $3,650 dependent exemption for a child and the $1,000 child tax credit belongs to the parent in whose home the [...]