Tag Archives: China

Ask TaxMama Issue 652 – Happy Tax Holiday Season

  Dear Family, States around the country are offering sales tax holidays this time of year. Click on the graphic (at left) to find the details. All these years, we never really heard anything about the taxability of the Olympic medals – or of the cash prizes given to each winner. Suddenly, this month, it’s […]

Adoption

Today TaxMama® hears from Hilde in the TaxQuips Forum with this question. “My son and daughter-in-law just adopted a special needs child from China. We know that there was a tax credit avail last year. Is there a tax credit for 2012? If yes, how much is the credit for? Some of the expenses were […]

Read the Labels

One Light Bulb at a Time A physics teacher in high school, once told the students that while one grasshopper on the railroad tracks wouldn’t slow a train very much, a billion of them would. With that thought in mind, read the following, obviously written by a devoted American. Good idea. One light bulb at […]

Exotic Medical Travel

Today TaxMama hears from Kathy in the TaxQuips Forum with this interesting question. “My client and his young son traveled to Qingdao, China last year for the transplant of umbilical cord blood stem cells from my client’s daughter, for the treatment of quadriplegic cerebral palsy, at the Beike Biotech section of the hospital.  Are the […]

After Earth Day – Energy Incentives

Dear Family, Well, I’m baaaaack! It’s always really nice to take some time off and totally disconnect from phones and computers, isn’t it? We’ve been to Paradise and back. Along the way we saw a 9-foot pizza being designed; strawberry pizzas being hawked; pizza-shaped hats; a ratapult tossing stuffed rats; an array of medieval garments […]

Dreading Old Age?

I have always dreaded old age. I cannot imagine anything worse than being old. How awful it must be to have nothing to do all day long but stare at the walls or watch TV. So the other day, when the President suggested we all celebrate Senior Citizen Week by cheering up a senior citizen, […]

Joe’s Day

Joe Smith started the day early, having set his alarm clock (made in Japan) for 6:00 am. While his coffee pot (made in China) is perking, he puts his blow dryer (made in Taiwan) to work and shaves with his electric razor (made in Hong Kong). He puts on a dress shirt (made in Taiwan), […]

Ask TaxMama Issue 469 – Beijing Olympics and TSA Device

Dear Family, The Beijing Olympics starts today! 08-08-08 – if you turn it sideways, did you notice that you have three infinity symbols? To infinity and beyond! Generally Olympic frenzy is high right before each set of Olympic Games. Are you seeing that same kind of passion among the fans? For some reason, I am […]

Ask Taxmama Issue 457 – Polar Bears, Marriage, Disasters