Tag Archives: Labor Day

Ask TaxMama Issue 655 – Happy Labor Day Weekend

Dear Family, Everyone is getting ready to take off early for the long Labor Day Weekend holiday. I know you have lots of distractions. So we will make today’s issue short and sweet – just one Money Funny – all about what our children are learning in science class. We’ll return on Tuesday with IRS […]

Ask TaxMama Issue 567 – Sweet and Healthy Year

Dear Family, First let me start with an urgent reminder. There are deadlines coming up – all corporate, partnership and estate tax returns are due next week, on September 15th. Estimated tax payments are due, as well. http://taxmama.wpengine.com/tax-calendar-2010/ Note: The office will be closed and please don’t look for answers from TaxMama – until Monday! […]

Qualifying Daughter

Today TaxMama hears from Laura in the TaxQuips Forum, with these two common issues.  “(1) My daughter turned 24 in December of 2009.  During the entire 12 months of 2009 she attended school full-time; did not work; earned 0 income; and will not be filing a tax return. She lived at home and we provided […]

Ask TaxMama Issue 566 – All about Education

Dear Family, We were at the IRS Tax Forums last week. You can read all about our experiences in this week’s IRS News. There will be more information next week, as I have time to keep writing. It will just pour out as I sit at the keyboard. The fun part was meeting so many […]

Ask TaxMama Issue 519 – Happy Labor Day Weekend

Dear Family, Well, here we are, it’s already Labor Day weekend. The unofficial end to summer. For some, even children (remember way back then?), it comes as a relief. Too much goofing off can become tiresome. Though I could dearly use a month with no responsibilities whatsoever. Couldn’t you? But, do children these days even […]

Ask TaxMama Issue 518 – IRS Virtually

Dear Family, This will be a short issue, since your TaxMama® is on vacation. The EA Exam students voted to take two weeks off, until after Labor Day, before starting to study Part III. Although the class isn’t really a democracy, Rick and I jumped on the opportunity, since we haven’t had a moment to […]

Ask Taxmama Issue 425 – A Sweet and Healthy New Year

Dear Family, Whew! I just got through writing a diatribe about the $300 million in uncollected payroll taxes owed by Federal, State and local governments. You’re probably going to want to skip that. I’m not quite sure if I’m being coherent or just sputtering. Instead, let’s turn to this week’s TaxQuips. We’re one short, due […]

Ask Taxmama Issue 424 – A Labor of Tax

Dear Family, I blinked and suddenly it’s Friday? What happened to the week? It was just Monday a minute ago! Well, it was very, very hot around here – generally up into the 3 digits. Where we live is definitely one of the hottest parts of the City of Los Angeles. (You can see it […]

Like-Kind Exchange Rules Do Not Apply to Vacation Homes

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 […]