Today TaxMama hears from Al from Monsey, NY wants to know, “If I am married and filing jointly; as a PC Programmer, should I get paid as an employee, with a W-2 or should I become a consultant and just freelance?”
Category Archives: *Tax Quips
Today TaxMama hears from Amy in Doylestown, Ohio, who says, “My mother wants to sign over her house and property to me as a gift.buy sinequan online blackmenheal.org/wp-content/languages/new/noprescription/sinequan-no-prescription.html no prescription There are no liens on the house, no mortgages, etc.https://redemperorcbd.com/wp-content/languages/new/synthroid.html But what should I expect come next tax season; and also what should she expect?”
Today TaxMama hears from Brad in North Carolina, who says, “I am an independent contractor in both the telecommunications and catastrophic insurance claims industry. Which means I travel across the country on short-term assignments of less than a year, anywhere in the US. I am a permanent resident of the State of North Carolina and […]
Today TaxMama hears from Don of Starkville, MA wants to know, “I was told that if you were laid off from a job and withdrew your money from your 401K, you did not have to pay the 10% early withdrawal penalty only the federal and state taxes on the money.” and Another reader remarks, “I […]
Today TaxMama hears from Chad in Aukland, NZ, “I’m trying to organize the purchase of a “vintage” America’s Cup sailing boat to participate in some regattas in the Bay Area.buy propecia online https://healthcoachmichelle.com/wp-content/languages/new/propecia.html no prescription I would be the skipper, acting on behalf of the owner. He wants to be able to write off a […]
Today TaxMama hears from Julie in Silicon Valley, CA, who’s concerned, “I’m just launching a new business. After talking to an attorney, I decided I wanted to be an S-corp versus an LLC.https://theoryofknowledge.net/wp-content/languages/new/article-writing-services.html I incorporated on September 2, 2005. When Form 2553 (Election by a Small Business Corporation) arrived for the S-corp election, it stated […]
Today TaxMama hears from Dixon from Louisiana asks, “Could you advise if a company or business in the state of Louisiana is required to pay sales tax on Internet purchases?”
Today TaxMama hears from Larry from North Carolina says, “I donated blood to the Red Cross 6 times this year.https://lightsailed.com/homeschool/wp-content/languages/new/math-homework-help-app.html I know I can’t deduct the value of my time but can I deduct the value of the blood?buy wellbutrin online pavg.net/wp-content/languages/new/where/wellbutrin.html no prescription https://lightsailed.com/homeschool/wp-content/languages/new/homeworkhelp-com.html Red Cross sells my blood for $85-$250/unit.”
Today TaxMama hears from Sherwin in Canada asks, “I’m hoping you can direct me to information about tax issues as the new owner of a small west Indian store located in Toronto Canada.”
Today TaxMama hears from Mike from Florida, “I am getting into the real estate sales business in southwest Florida. What business-related expenses are normally deductible? May I deduct the training required by state law? Car expenses, including leasing, fuel, and maintenance for a business-only vehicle? Office space in the home? Anything else?
Today TaxMama hears from Scott the Doc, “I’ve got a sticky question for you – nobody seems to know this one, not even my financial planner.buy lexapro online https://healingtohappy.com/wp-content/languages/new/lexapro.html no prescription I am a resident physician, making a nominal salary. I just signed a contract with a practice for next year – it contains […]
Today TaxMama hears from Ruth in Oregon who tells us, “I’m a divorced mother. I think about remarriage, but I don’t think I’ll ever trust anyone 100% again. Here’s my question. I think I’d be brave enough to try it again, IF I could put a nest egg (say $30,000) somewhere just in case things […]