Today TaxMama hears from Sal, who tells us. “In the year 2006 an employee of a non profit social service organization located in New York State received third-party sick pay directly from an insurance company. A separate W-2 showing the sick pay was issued to the employee. It shows no Federal, State or Local withholding […]
Category Archives: IRS Forms
Today TaxMama hears from Sylvia in the Tax Parlor, who tells us. “After many years in business, my husband got an EIN last year so he could send out 1099s. Well, just after we finished filing our joint tax return this year, he gets a letter from IRS saying he has to file a quarterly […]
Today TaxMama hears from Stephen, a MarketWatch reader, who has this question. “I sold some stocks on 12-27-06. The settlement date was 1-2-07. The stock brokerage company sent me a Form 1099 without this sale because the settlement date was after 2006. Can I report this sale in my 2006 tax return? Will the IRS […]
Today TaxMama hears from Alison in Los Angeles, who says “I have to send a payment with my corporate extension (Form 7004). How do I get the payment voucher? The instructions say I can’t send a check.” Dear Alison, The Form 8109-B not an easy form to get at the last minute. https://www.irs.gov/pub/irs-pdf/f8109b.pdf You can […]
Today TaxMama hears from Abe in the Tax Parlor, who says “I have a California-based S-Corp, and I know the 1120-S is due 3/15/07. I thought all income gets passed through to my 1040 and doesn’t get taxed. Does this mean that on 03/15/07 I don’t owe any taxes, just the 1120-S showing the numbers […]
Today TaxMama hears from Manny from the Tax Parlor has a question, “On the 1040, Schedule A, where do I put my closing costs?” ~~~~ Hi Manny Uh….nowhere. You can’t deduct your closing costs. However, some of the costs on the HUD statement that you may deduct include property taxes that were paid in escrow […]
Today TaxMama hears from Scot in Los Angeles who tells us, “I am working on a television show that is moving around the American north west. Our crew is receiving $40 a day each in per diems. Should this money be taxed? If yes, will members of the crew who don’t itemize lose money?”
Today TaxMama hears from Sean from TaxMama’s Tax Parlor who tells us a very long story. Please read the whole question in the Tax Parlor. But, for short…, “My current situation involves a repossession of a car back in 1994. I received a notice about a year ago from the IRS stating that I owed […]
Today TaxMama hears from Jackie who has this problem, “I got a bill from IRS for 2002 taxes. They say I owe $22,000. But I learned that they do not have all my W-2 withholding credited. How long do I have to file an amendment? And should I hire a tax attorney?”
Today TaxMama hears from Gloria in Illinois, who is overwhelmed. “There is so much info out there about taxes, money. But if I never read another news article or ever went to another website, would I be able to find everything I need to know about taxes on your site? I have too much info […]
Today TaxMama hears from Kerry in Iowa, who tells us. “My husband is a sole proprietor general contractor. The lumberyard has handed him some great jobs. But they have been the general contractor on them. They pay my husband for his contracts with them. Recently, we hired a subcontractor to do the electrical work, which […]