Tag Archives: New York

Capital Loss Limits

Today TaxMama hears from Sal in New York, who has a gripe. “How many years has the maximum capital loss deduction been set at $3,000? To me it seems like forever. Don’t you think $3,000 is stingy, unfair and unrealistic in today’s investment world? How was that amount arrived at? Why is no one speaking […]

Getting Ex-Wife’s W-2

Today TaxMama hears from Bernie in New York, who’s quite frustrated. “My ex-wife and I are working on funding our child’s college education. How can I find out if her $18,000 W-2 is complete and honest? Her husband is showing her as his company’s secretary at this reduced income level. How can I get copies […]

Rotary Scholarship

Today TaxMama hears from Leah in New York with great news. “I’ve won a Rotary Scholarship and will study for a Masters degree in Italy beginning this fall. Is any or all of the scholarship taxable? The scholarship covers tuition as well as a room & board stipend, airfare, and tuition for a language school. […]

1040EZ-T Quickie

Today TaxMama had an interesting adventure after hearing from Mike in New York who asks. “Can the Form 1040EZT be filed after April 17, 2007” [Note: That’s the quick refund form for individuals to claim the Telephone Tax Excise Credit.]

The Millionaire Zone

RESEARCH FINDS MILLIONAIRES TURN THEIR ADDRESS BOOKS INTO CHECK BOOKS MORE THAN NON-MILLIONAIRES Use of Social Networks Dispels Myth that the Rich “Go it Alone” in Achieving Success 74% of Americans Want to Turn their Profits into Passions New York, April 26, 2007—Millionaires use social networks – ranging from the government and their alma maters […]

Why our country is in trouble!

A Washington, DC, airport ticket agent offers some examples of why our country is in trouble! 1. I had a New Hampshire Congresswoman ask for an aisle seat so that her hair wouldn’t get messed up by being near the window. (On an airplane!) 2. I got a call from a candidate’s staffer, who wanted […]

Internet Auctions

Today TaxMama hears from Lance in NY who asks, “If I host an Internet based auction site in New York State where individuals place item for sale and others bid on them, like an eBay service, would I be required to collect sales tax if I charge the users a listing fee and a small […]

IRS Collections Agencies

Today TaxMama hears from Brent Clanton on the BizRadio Network in Texas, who wants to know about the new program IRS has instituted, contracting out collections services to private collections agencies. [Note: We will be adding the audio once we get the feed from the BizRadio Network later today.]

Not Alimony

Today TaxMama hears from Lorrie in New York who just got a sudden shock, “My divorce settlement of 2004 clearly states that neither party can make a claim for maintenance or spousal support. I do get 1/2 the net of my former husband’s retirement pension. The State deducts our taxes on the full amount, before […]

Fight or Pay

Today TaxMama hears from John in New York, who has this complaint. “I have two IRS lien releases that were sent to NYC register’s office for official filing on their ACRIS website records. They have failed to add them to their database, despite two visits to registers office. Now, they want $40 from me and […]

Protective Refund Claim

Today TaxMama hears from Michelle in Albany , New York, who tells us this sad story. “My husband was a police officer. He had an accident in 2002 while on the job. He was out of work several times from January 2002 – September 2004, when he had to take a disability retirement. He worked […]