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March 7, 2012 3:45 pm
Video: 1099s and Child-Care Expenses — Contributing Editor Barbara Weltman Answers Your Tax Questions
Barbara Weltman, tax expert and J.K. Lasser Contributing Editor, answers tax questions sent in by Lasser readers.
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Advanced- For purposes of the 3.8% additional Medicare tax on net investment income in 2013, how does this relate to rental income?
- Can I make a direct transfer of my IRA to my church and qualify for tax-free treatment (up to $100,000)? I’m 72 years old.
- I traveled to Africa on a mission trip with my church. I paid for the airfare. Can I deduct it?
- I sold my residence at a loss. How do I report this on my tax return?
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FACT:
The IRS is holding more than 104,000 regular refund checks totaling about $103 million; they were returned by the U.S. Postal Service due to mailing address errors.
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