Credit Cards

Taxes Affecting Credit Score

November 10, 2011

Today TaxMama hears from Monte in the TaxQuips Forum who asked one last question. “Will my unfiled tax return and tax debt affect my credit?” Share this:

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Fiance’s Financial Fiasco

September 21, 2011

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Today TaxMama hears from Sandra in the Tax Quips Forum with a quick question. “My soon-to-be spouse has a mountain of back tax debt. Can this affect me in any way or my property? I live in Missouri. He also has terrible credit.” Share this:

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Should I File BK?

May 23, 2011

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Today TaxMama hears from Bruce in the TaxQuips Forum who needs to make a decision. “My business failed last year and my wife and I are mulling over whether to declare personal bankruptcy due to this. Towards the end of the life of the business, I put a lot of money on my credit cards, [...]

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Cashing Part of IRA

January 26, 2011

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Today TaxMama hears from Christine in the TaxQuips Forum, who is unhappy with her investment. “I have an IRA, with 2 classes of shares of the same mutual fund. One is doing OK; the other is leaking money like a sieve. I’d like to use the poor one (about $2,800) to pay down or off [...]

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Holiday Credit Cards

October 27, 2010

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Today TaxMama hears from Riki in New York with this concern. “I’m looking for specific advice on how to take control of a large post-holiday credit card balance.” Join the forum discussion on this postShare this:

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Bogus Credit Card Charges

September 21, 2010

Today TaxMama wants to discuss the importance of reading your credit card statements on a timely basis. Share this:

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Raise Your Credit Score

July 28, 2010

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Today TaxMama wants to speak to you about your credit score and how fix it and raise it. Share this:

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Cash Back Shopping

June 28, 2010

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Today TaxMama hears from Janet in the Tax Quips Forum with an excellent question. “There are several websites out there that allow you to earn cash back when you shop on their site. Do you have to report these earnings to the IRS, considering it’s not really earned income? you’re just getting a small rebate from [...]

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Ask TaxMama Issue 555 – A Prisoner to Taxes

June 4, 2010

+ + Dear Family, There was a QuickAlert from IRS telling us the electronic processing centers in Martinsburg, W V and Memphis, TN are currently experiencing problems. Considering how much money and resources IRS pours into maintaining their electronic systems, it’s kind of nice to know they experience the same kind unexpected down time [...]

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Credit and Debit Card Fees Related to Tax Payment are Deductible

April 10, 2009

IR-2009-37, April 7, 2009 WASHINGTON — Credit or debit card convenience fees charged for paying federal individual income taxes electronically are deductible for some taxpayers who itemize, the Internal Revenue Service announced today. Federal law bars the IRS from paying any fees associated with these credit or debit transactions. Card processors normally charge taxpayers for [...]

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