Tag Archives: Human Interest

Horsing Around

Today TaxMama® hears from Paul in the TaxQuips Forum who wants to be generous. “I am considering allowing the use of my horse barn to a non-profit horse rescue organization. This group has several rescued horses that need care and would like to board the horses on my property. Can I take advantage of this […]

Are YOU the Weakest Link?

Here is a very simple little test comprising of four questions to determine the level of your intellect. Your replies must be spontaneous and immediate, with no deliberating or wasting time.  And no cheating.  On your mark, get set….GO! 1: You are competing in a race, and overtake the runner in second place.  In which […]

Self Employment and Canada

Today TaxMama® hears from Tony in the TaxQuips Forum with this question. “I have a friend / client who had self employment income in both US and Canada. He has already filed in Canada and is asking me to use the same income amount declared there, here in the US. He now owes the Canadian […]

Creation Goes to the Dogs

On the first day of creation, God created the dog. On the second day, God created man to serve the dog.

Taxable Retirement Income

Today TaxMama® hears from Dave in the TaxQuips Forum with a quickie little question. “If I retire at 62 or 63 with Social Security and IRA distributions (not Roth) what will my tax liabilities be? For example: Monthly: $1700 from social security and $3,000 from IRA for total of $4,700.  Do I pay income tax […]

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 […]

Withholding from Contractor

Today TaxMama® hears from Robert in the TaxQuips Forum who is suspicious. “I am a 1099’ed contract driver. I recently noticed they are taking taxes out of my check. I was told that they take taxes out, then make quarterly payments to federal income tax. I have worked as contract labor before and they didn’t […]

Honesty vs Practicality

One day, while a woodcutter was cutting a branch of a tree above a river, his axe fell into the river. When he began crying, God appeared and asked him, “Why are you crying?” The woodcutter told Him that he had dropped his axe into the water.

Malpractice Settlement

Today TaxMama® hears from Peter in the TaxQuips Forum with this story “I have just settled an attorney malpractice litigation where a small settlement was received. The insurance company wants my Social Security Number, which I feel is not needed. My position is that I am only recovering a fraction of what the attorney was […]

Afraid to Fly

Now that tax season is over (at least, phase I), today TaxMama® wants to treat you to a little fun.  Until now, I’ve preyed on your fear of taxes. Today, let’s play with your fear of flying.

Last Minute Tax Tips

Today TaxMama® wants to give you a few last minute tax tips.