Tag Archives: Social Security

Trading Disability For Wages

  Today TaxMama hears from Dave in the Tax Quips Forum with an odd question. “I received SDI for two months in 2010 and gave it to my employer so that I could retain full pay.  It does not show on my W-2 and I was taxed for full pay.  How do I handle the […]

Outsourcing Payroll and Third Party Payers

   Courtesy of the IRS [TaxMama Note: payrolls and payroll tax deposits tend to case THE most problems for small businesses. Somtimes, outsourcing is your best option.] Employer’s Outsourcing Payroll Responsibilities Many employers outsource some of their payroll and related tax duties to third-party payroll service providers. They can help assure filing deadlines and deposit […]

Filing Frustrations

  Today TaxMama hears from Myra in the TaxQuips Forum with lots of questions. “I filed an extension. How should I file at year end? Single, married but filing at a single rate, or jointly.  My husband receives Social Security disability. I file from a K-1.  I have large amounts of deductions.  I also can […]

H2A Visa and SS

Today TaxMama hears from Duncan who is taking good care of a client. “My client from Mexico lives in the US from April until December every year. He is working here under an H2A agricultural visa. As I understand, since he is here for 9 months, he is a resident alien according to the substantial […]

Bride Files Alone

Today TaxMama hears from Nancy in the TaxQuips Forum with several questions.  “I am to be married this year. I am going to file as married, filing separately (MFS).  Can I claim my husband since he is disabled and collecting social security disability? Also I understand that I cannot mix the standard deduction and itemizing on […]

Proposed Congressional Reform Act of 2011

TaxMama Note: This proposal is making it’s way across the Web via email. There’s a lot of wisdom in this, it you really look at the original intent of the Founding Fathers. They envisioned Congress being a citizen’s duty. Go to the Capitol for a while, serve as the spokesperson for the needs of your state […]

Self Employment Surprise

Today TaxMama hears from Alyssa in the TaxQuips Forum, who is surprised. “I am a small business owner, a personal chef. But I also work for a catering company. Even though I made less this year on my adjusted gross income then last year, I owe $1,300; while I paid $200 last year! Could it […]

Hiring Workers With ITINs

Today TaxMama hears from Goran in the TaxQuips Forum, with a serious issue. “I am a contractor and have my own flooring company. I would like to know if I may have helpers with only an ITIN number. Then, could I file 1099’s with only an ITIN number to deduct on my taxes? 

Husband andWife LLC

Today TaxMama hears from Rachel in the TaxQuips Forum, who needs clarification. “My husband and I are the only owners of our LLC. From my understanding, in our state (Arizona) we can file a schedule C with our 1040. When I try to do this with TurboTax it prompts me to divide all the expenses […]

Tax on Canadian Pension

Today TaxMama hears from Susan in the TaxQuips Forum, who is perplexed. “My husband started receiving a Canadian pension this year. There was $115 non-resident tax paid on the pension.  Canadian tax officials tell me that it can be claimed as a foreign tax credit.  I have no idea how to do this.  Do I […]

Insolvency and COD

Today TaxMama hears from Katherine in the TaxQuips Forum, who gets it. “I settled a debt today and am doing a list of assets and liabilities. My question is about assets “Interest in a pension plan.” My husband has been receiving an annuity retirement check for about 20 years. How would we know the value […]

Important Tax Law Changes for 2010

Courtesy of IRS Taxpayers should make sure they are aware of many important changes to the tax law before they complete their 2010 federal income tax return. Here are several important changes that the IRS wants you to keep in mind when you file your 2010 federal income tax return in 2011. Health Insurance Deduction […]