What to do If You Are Missing a W-2

Call me! 810 867-4394

I will help you:

1. Contact your employer

2. Contact the IRS

3. File your return

4. File a Form 1040X

FEBRUARY 14TH IS MORE THAN JUST VALENTINE'S DAY!

Amanda asks:
Is it true that if one wants to file long form (claiming ones mortgage &/or mortgage that we have to wait to file after Feb. 20th or 22nd? If so, why and is that going to be the case every year?

January 15 at 5:44pm

Deb answers:

No, you can file as early as February 14th, 2011.  It is not going to be like this every year.  This year was delayed due to late tax law changes that occurred on December 17, 2010. 

Gambling Winnings and Losses: 7 important facts to know

Anonymous asks...

I'm going to be making a casino visit soon and was wondering: If I win enough money that it has to be reported to the IRS, can I write off my losses from other trips? Thanks!

January 27, 2011 12:08 AM 

Deb answers...

Gambling income includes – but is not limited to – winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses, trips or other noncash prizes.

Depending on the type and amount of your winnings, the payer might provide you with a Form W-2G and may have withheld federal income taxes from the payment.

The full amount of your gambling winnings for the year must be reported on line 21 of IRS Form 1040. You may not use Form 1040A or 1040EZ. This rule applies regardless of the amount and regardless of whether you receive a Form W-2G or any other reporting form.

If you itemize deductions, you can deduct your gambling losses for the year on line 28 of Schedule A, Form 1040.

You cannot deduct gambling losses that are more than your winnings.

It is important to keep an accurate diary or similar record of your gambling winnings and losses.

To deduct your losses, you must be able to provide receipts, tickets, statements or other records that show the amount of both your winnings and losses.

Self-employed health insurance deduction

If you think you might benefit from this deduction, let me know I can help you figure out if you qualify.


If you were self-employed and paid for health insurance, you may be able to deduct any premiums you paid for coverage after March 29, 2010, for any child of yours who was under age 27 at the end of 2010, even if the child was not your dependent.

IRS2GO Phone App

I just downloaded this app to my Iphone to track the payment of my federal tax return.  It's easy and takes about three seconds!

IRS new short form!

Medical Expenses

Anonymous asks...

Are medical expenses tax deductible? I was sick a lot in 2010 and have a ton of medical bills.

Deb answers... Sorry you were so sick in 2010, sounds like you're better now because you ask great questions!  If you have a ton of medical bills, it is likely you will be able to deduct a portion of them. Be sure to keep track of what you paid and what your insurance paid.  If you've kept track, I can easily let you know how much you can deduct.