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2008-08-20 Tax Law (Questions About Taxes) - Overseas Bank Account: Gaurav, Thanks for your question. No, that is not true, exactly. You do not have to report your banks accounts on your return, other than to check the box on Schedule B that asks if you have a foreign...
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2008-08-20 Tax Law (Questions About Taxes) - Tax Deducations: Richard, Thanks for your question. The cost of the therapy as medical treatments is deductible. However, the cost of the advocate would not be. As I am sure you know, medical expenses are medical...
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2008-08-20 Tax Law (Questions About Taxes) - Tax Deducations: Your costs with your son are deductible, but you may not be able to deduct them. These are considered medical expenses and you must itemize in order to use them. If you can itemize, you lose the first...
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2008-08-20 Tax Law (Questions About Taxes) - Tax Deducations: Hi, Certainly some of the expenses (such as therapists) are deductible as medical expenses to the extent they exceed 7.5% of your adjusted gross income. I don't know that the IRS would consider the...
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2008-08-20 Tax Law (Questions About Taxes) - Social Security Tax: Hi, No you don't have to pay taxes on your social security income if it is your only income. But you should file a tax return for 2007 so that you will receive a stimulus rebate check. You would receive...
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