Tag Archives: New York

Living in the UK

Today TaxMama hears from Catherine in the United Kingdom. “I am a US citizen, employed by a UK employer and living and working in the UK where I pay taxes. I own an apartment in NY which I rent out. I report the rental income on my US tax return. Must I report my UK […]

Landlord Asking For W-9

Today TaxMama hears from Joseph in New York, with this odd question. “In what situation would a landlord ask a tenant, who is on public assistance, to sign a ‘’Form W9’’ in the process of a lease for an apartment when the landlord is going to get paid from the city?”

Perfect Attendance

On June 2, 1925, New York Yankees manager Miller Huggins replaced first baseman Wally Pipp with young Lou Gehrig, the pride of Columbia University. Gehrig would go on to play in every Yankee game, every season through April 30, 1939. His record of 2130 consecutive games, played through illness, injury, and even bone fractures, would […]

Sometimes It’s Not Depression

George Farthing, an expatriate British man living in America, was recently diagnosed as clinically depressed, tanked up on anti-depressants and scheduled for controversial Shock Therapy when doctors realised he wasn’t depressed at all – only British. ‘Not depressed, just British’ Mr Farthing, a British man whose characteristic pessimism and gloomy perspective were interpreted as serious […]

Med Student Expenses

Today TaxMama hears from Quincy in New York who wants to know “Can a medical student deduct the expenses of traveling, lodging and meals when looking for internships and residencies? If so, what are the rates? Also, can I deduct the expenses of the board tests ($1,500), and books for school?”

Leasehold Improvements

Today TaxMama hears from David in New York with this sensible question. “I have leasehold improvements in a warehouse I rent. The lease is five years. May I depreciate the leasehold improvements over the life of the lease, or five years? Next year, may I depreciate the improvements over the remaining life, or four years?”

Interviewing On the Sly

When interviewing and employed, use these tips on dressing down interview attire for the office by Joyann King In a corporate culture where business casual is making waves, showing up to work in a three-piece suit is a dead giveaway to your colleagues that your dentist appointment is really an interview — somewhere else. Fortunately, […]

Living Organ Donor Credit

Today TaxMama hears from Mark in Albany, NY with a thought-provoking question. “Is there a living donor organ transplant credit that is allowed for 2008?”

The Right Way

A young scholar from New York was invited to become Rabbi in a small old community in Chicago. On his very first shabbath, a hot debate erupted as to whether one should or should not stand during the reading of the Ten Commandments. The next day, the rabbi visited 98 year-old Mr. Katz in the […]

New York Taxes Internet Sales – Register Now or Else

Interestingly enough, this information came from an Internet information newsletter, not a tax newsletter. In brief: NY State hit Amazon.com for sales taxes even though Amazon does not have a physical location in the state. Amazon is suing, claiming the New York law is unconstitutional based on a 1992 U.S. Supreme Court ruling that claims […]

Tooling Around

Today TaxMama hears from Mario in New York, who wants to know. “How do I deduct employee expenses such as expensive tools? IRS says for items lasting over a year, they should be depreciated. It looks like forms 4562 and 2106 carrying over to Schedule A should be used, but the tools are not listed […]