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H&R Block Radio Show – Tax Tips for Individuals

March 29, 2010

Listen here  -  Tax Tips for Individuals                         Read the script of the show below:
PROGRAM 1: Tax Tips for Individuals
Originally aired:   Thursday, March 25    10:00 a.m. – 11:00 a.m. EDT
Introduction – Tax Mama

Welcome and Introductions

o        Thanks for joining
§                    Introduce hosts:
§                    Chris Wilson, Master Tax Advisor
o        Wilson has been a master tax advisor with H&R [...]

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TaxMama’s Tax Roundtable – March 18, 2010

March 18, 2010

Today’s topics included:

The new HIRE Act
The Homebuyers credit
Truck Drivers Tax Home
Ideas on how to get new clients
Dealing with banks who want letters you can’t give them – or can you?
Deductions for school teachers
Good places to network
Where to get good, inexpensive CPE
e-filing tax returns with foreign addresses

TaxMama’s Tax Roundtable is a monthly live discussion open to [...]

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Unclaimed Mileage

February 2, 2010

Today TaxMama hears from Kim in South Carolina, who has been remiss. “I am a bookkeeper and did not claim mileage as unreimbursed employee expenses last year. Can I claim the 2008 mileage and 2009 on my 2009 taxes? Or did I just lose that mileage? I don’t want to amend the 2008 return if [...]

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Lease Down Payment

January 21, 2010

Today TaxMama hears from Joel in New York with this question. “If I lease a car for business, say 80% business use, can I write off 80% of the down payment?”

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Free Electric Cars

December 30, 2009

Last week, I got a note from a CPA asking me if I knew anything about getting an electric car for free.
She said one of her clients had just ordered a free golf cart-type vehicle from www.freeelectriccar.com  . And they had asked her about it after buying it – not before.
So, I went to see [...]

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IRS Reminds Car Shoppers about 2009 Tax Break

December 18, 2009

WASHINGTON — The Internal Revenue Service today reminds individual taxpayers who are considering buying a new car that they have until Dec. 31 to take advantage of a tax break that may not be around in 2010.
Taxpayers who buy a qualifying new motor vehicle this year after Feb. 16 can deduct the state or local [...]

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2010 Standard Mileage Rates

December 4, 2009

WASHINGTON — The Internal Revenue Service today issued the 2010 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
—50 cents per [...]

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Upgraded Automobile

June 8, 2009

Today TaxMama hears from Tiffany in Virginia, who’s trying… “ I am starting an LLC which is an online store selling automotive upgrades. I will be buying a car ($10,000) and upgrading it with mostly my own inventory ($20,000). My website address will be printed on the car and it will be taken to [...]

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Do Motor Scooters Qualify for the New Sales and Excise tax Deduction?

April 10, 2009

The American Recovery and Reinvestment Act of 2009 provides a deduction for state and local sales and excise taxes paid on the purchase of qualified vehicles from February 17th, 2009 through the end of the year. The deduction does not require a taxpayer to itemize and is means tested (phases out for single filers with [...]

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