Tag Archives: New Orleans

Coin Collection

Today TaxMama hears from Tarquin in New Orleans, with this problem. “I inherited a coin collection. The estimated basis I got was $70,000. But the collection sold for $90,000 a few months later. I calculate that I now owe $5,600 in capital gains taxes. But I know that coin prices have been falling. Therefore, the […]

A Billion

The next time you hear a politician use the word ‘billion’ in a casual manner, think about whether you want the ‘politicians’ spending YOUR tax money. A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its releases. A. […]

Ask Taxmama Issue 426 – Repent, Harlequin

Dear Family, Looking for a heading for this week’s issue, since tonight is Yom Kippur, naturally the word ‘repent’ comes to mind. But if you’ve ever read Harlan Ellison’s Hugo-award-winning story, you can’t think of the word ‘repent’ without also following that word with ‘Repent, Harlequin!’ Said the Ticktockman. (Ooooh…I just learned that you can […]

Establishing Title

Part of rebuilding New Orleans often challenges residents with the task of tracing home titles back potentially hundreds of years. With a community rich with history stretching back over two centuries, houses have been passed along through generations of family, sometimes making it quite difficult to establish ownership. Here is a great letter an attorney […]