By David & Mary Mellem, EAs Mr. & Mrs. Moore purchased real estate (vacation home) in 1988. This property was located approximately 3 hours from their principal residence. About 1996 they changed their principal residence to another city in the opposite direction from the vacation home. Due to the longer travel to get to the […]
Tag Archives: bank
Dear Family, Are you invited to a wedding today? You’re not! How can that be. So many people are trying to get married on the lucky 777 day that the Assocation for Wedding Professionals International has put up a map with venues that are still available. Perhaps those couples will hit the jackpot with this […]
Today TaxMama hears from Mike in Arizona who has this problem.buy premarin online nouvita.co.uk/wp-content/languages/new/uk/premarin.html no prescription https://www.richereducation.co.uk/wp-content/languages/new/copy-editing-service.html “I have a notice of levy for three years of back taxes. I can’t afford full payment but can send about $300 per month to keep them satisfied. “
By David & Mary Mellem, EAs This Act, made Public Law 110-28 by President Bush’s signature on May 25, 2007, increases the Federal Minimum Wage and provides some tax changes as well. It can be found at the government’s web site of thomas.loc.gov by searching for HR 2206 or by going to Public Laws and […]
Today TaxMama hears from Plucky in the Tax Parlor, who tells us. “I started a business in 2006 and incurred costs exceeding $5,000. I do not have the appropriate documentation for all costs. Can I still deduct the “standard” $5,000 deduction? ” Hi April, First of all start up costs are essentially the costs you […]
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 Christine from Yahoo! who tells us, ” My dad passed away in Aug 2005. He left me his mobile home, on which he still owed $48,000. The finance company sent me a tax form showing how much interest I paid on the loan. But it shows my dad’s Social Security number. […]
Today TaxMama hears from Maria from NJ, who says, “I have been out of the country for nine years and a stay at home mom. I recently had my bank accounts levied, where the only money deposited is child support directly from the New Jersey Child Support Offices. My account was levied because apparently my […]
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 Jim in Delaware who tells us. “I am applying to open a business account and they want 2 years of personal tax return records. However, I have not filed recently. If I create the numbers on a 1040 form using information I believe is correct, will that pass bank scrutiny? Do […]
Today TaxMama hears from Gordon in Maryland who tells us, “I have a problem with a 401K distribution that I rolled over to an IRA in March of 2004. I had this 401K with a previous employer and left the money in the account after I terminated employment with the company. When I saw a […]
Today TaxMama hears from Sarah in Louisville, KY who has this story, “I am part of a group of 40 businesses who have joined together to purchase ads.buy levitra online https://www.conci.com/wp-content/languages/new/levitra.html no prescription We do charge a small membership fee for members which goes for our website and press releases etc. All ads are split […]