Category Archives: Settlements

Staying Afloat

Today TaxMama hears from Shirley in Florida, who has this problem. “In 2002 a boat I’ve owned since 1986 ran aground.I had used it as a business to run charters. My insurance paid me $10,000 to have it towed to dry dock repairs. The depreciated value at the time of the accident was $3,000. Extensive […]

Invoices a la Mush

Today TaxMama hears from Dallas in, where else – Texas, who relates, “When I have problems, I have big ones. The other day it rained 6” and it flooded my shop. And of course I had all of last year’s invoices and receipts in a box on the floor. Over half of them are unreadable. […]