<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Barbara Frank &#187; income tax</title>
	<atom:link href="http://barbarafrankonline.com/blog.php/tag/income-tax/feed/" rel="self" type="application/rss+xml" />
	<link>http://barbarafrankonline.com/blog.php</link>
	<description></description>
	<lastBuildDate>Fri, 03 Feb 2012 21:11:01 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.9.2</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>The IRS and the Tax Project from Life Prep</title>
		<link>http://barbarafrankonline.com/blog.php/2009/02/27/the-irs-and-the-tax-project-from-life-prep/</link>
		<comments>http://barbarafrankonline.com/blog.php/2009/02/27/the-irs-and-the-tax-project-from-life-prep/#comments</comments>
		<pubDate>Fri, 27 Feb 2009 11:00:00 +0000</pubDate>
		<dc:creator>Barbara Frank</dc:creator>
				<category><![CDATA[Current Events & Money]]></category>
		<category><![CDATA[Home & Family]]></category>
		<category><![CDATA[Homeschool]]></category>
		<category><![CDATA[homeschooling]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[Life Prep for Homeschooled Teenagers]]></category>
		<category><![CDATA[Medicare]]></category>
		<category><![CDATA[Social Security]]></category>
		<category><![CDATA[teens]]></category>
		<category><![CDATA[the Car Project]]></category>
		<category><![CDATA[the Credit Card Project]]></category>
		<category><![CDATA[the Tax Project]]></category>

		<guid isPermaLink="false">http://barbarafrankonline.com/blog.php/?p=285</guid>
		<description><![CDATA[Today dd17 and I worked together on the Tax Project found in Life Prep for Homeschooled Teenagers.
It&#8217;s a weird feeling, teaching my child out of a book that I wrote. But I wrote it eight years ago, and that&#8217;s long enough that I sometimes forget the author&#8217;s identity for a second   
We sometimes get [...]]]></description>
			<content:encoded><![CDATA[<p>Today dd17 and I worked together on the Tax Project found in <strong><em><a href="http://www.cardamompublishers.com/cardamom-life-prep.htm">Life Prep for Homeschooled Teenagers</a></em></strong>.</p>
<p>It&#8217;s a weird feeling, teaching my child out of a book that I wrote. But I wrote it eight years ago, and that&#8217;s long enough that I sometimes forget the author&#8217;s identity for a second  <img src='http://barbarafrankonline.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p><strong><a href="http://www.cardamompublishers.com/">We</a></strong> sometimes get questions from people asking how old a teen should be to do <em>Life Prep</em>. We respond that it depends on the teen, their goals and which project in the book is being considered.</p>
<p>For instance, a 14-year-old boy will find the <a href="http://www.cardamompublishers.com/mini-life-prep2.pdf"><strong>Car Project</strong> </a>(link goes to free download of this project) a lot more interesting than the Credit Card project, just because most boys of that age are eagerly looking forward to having their own cars.</p>
<p>In the case of the Tax Project, we tell people to wait until their teen has a job that generates a paycheck. There&#8217;s nothing like receiving a check for less than you earned (because of taxes, Medicare, and Social Security) to get your attention. It&#8217;s amazing how that event can arouse a teen&#8217;s curiosity about taxes (primarily why they&#8217;re so high!)</p>
<p>Since dd17 has been earning paychecks since last summer, this was a great time to do the Tax Project. Add the fact that it&#8217;s time to determine if she needs to file a tax return for 2008, and she was more than eager to do the project. There&#8217;s nothing like a receptive student, is there?</p>
<p>It all went well, and only took a few hours. However, I learned that one part of the Tax Project has changed since I wrote it. In the book, I referred to a little pie chart inside the IRS&#8217; 1040 booklet that showed exactly where our tax dollars go. That pie chart is gone, and I could not find it on the IRS web site.</p>
<p>However, I did find a simplified version of it in an <a href="http://www.irs.gov/app/understandingTaxes/whys/thm04/les01/media/ss_thm04.pdf"><strong>IRS Power Point pdf</strong> </a>(see page 5). It may be simplified, but it&#8217;s as depressing as ever. Dd and I had a good discussion about that, too. We homeschoolers are so fortunate to have the time to teach our teens about these things before they leave home.</p>
]]></content:encoded>
			<wfw:commentRss>http://barbarafrankonline.com/blog.php/2009/02/27/the-irs-and-the-tax-project-from-life-prep/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
	</channel>
</rss>

