Tag Archives: Father

Validating Charitable Contributions

Father O’Malley answers the phone. ‘Hello, is this Father O’Malley?’ ‘It is!’ ‘This is the IRS. Can you help us?’ ‘I can!’

Is This Taxable Income

Today TaxMama hears from Karen in California in the TaxQuips Forum, who tells us.  “My father died from lung cancer that was determined to be caused by job conditions. My brother and I may be receiving a one-time survivors benefit compensation check for a large amount of money. Will this be taxable income?”

Only the Strong Survive

The Next SURVIVOR Series Six married men will be dropped on an island with one car and 3 kids each for six weeks. Each kid will play two sports and take either music or dance classes. There is no fast food. Each man must take care of his 3 kids; keep his assigned house clean, […]

Investment, Inheritance or?

Today TaxMama hears from Tony with this story, “My friend’s mother recently sold her father’s home (he is elderly). He gave her power of attorney to sign off on everything, and she kept the proceeds of the sale.* Would this house be considered inherited property, invested property, or anything else for my friend’s mother?”