Tag Archives: Entertainment/Culture

Gift or Income

Today TaxMama® hears from Asdfgh in the TaxQuips Forum, who tells us.  “My daughter plays piano for school choir. Doesn’t ask for money. She gets “thank you” from school PTO in form of flower bouquet and check for a few hundred dollars. Is that taxable income?”

Studying the Competition

Today TaxMama® hears from LiveMusic, with this interesting question. “I have expenses related to “studying the competition” so as to (hopefully) improve my own business profits. How would I categorize that?” 

You’ll Melt Away

Once upon a time there lived a king. The king had a beautiful daughter, the princess. But there was a problem. Everything the princess touched would  melt. No matter what, metal, wood, plastic-anything she touched would melt! Because of this, men were afraid of her. Nobody would dare marry her.  The king despaired. What could […]

Winners – Fifth Week – TaxMama’s Ultimate Tax Nerd Contest

The Fifth  weekly winners in TaxMama’s search for the Ultimate Tax Nerd of 2012 are: Melissa Guy for  Just barely April 18th 2012   Susan Holtgrefe, EA for How life looks with your tax goggles on

Winners – First Week – TaxMama’s Ultimate Tax Nerd Contest

The first weekly winners in TaxMama’s search for the Ultimate Tax Nerd of 2012 are Winner of the POPULAR VOTE – Melissa Guy! Winner of TaxMama’s Choice is – Clint Masser, the Running Tax Pro!

Disability Wages

Today TaxMama hears from Leslie in the TaxQuips Forum who makes an excellent point. “When a Member of the Screen Actors Guild becomes disabled, in order to receive their Pension, they must sign paperwork. One of the acknowledgments is that “You have been made aware that FICA should not be taken out of your residuals […]

Comic Relief

  Today TaxMama hears from K Syl in the TaxQuips Forum, who has a fun idea.  “I have an Internet marketing business – a blog on comic books. The blog will have links for ordering comics to generate income on the blog and Pay Per Click ads. Large portions of the site will be devoted […]

Ask TaxMama Issue 591 Daylight Savings Time

Dear Family,  On Friday’s, I try to devote the morning to writing and compiling Ask TaxMama. But the phones keep ringing today – generally with people I love to hear from. So, the conversations do take much longer than they should.  This weekend we change the clocks, right after midnight Saturday night (or in the […]

Latin for Today

Revelare Pecunia!” (Show me the money!) “Domino vobiscum!” (The Pizza guy is here) “Motorolus interruptus.” (Hold on, I’m going into a tunnel.)