Tag Archives: tax advice

CCH Identifies 10 Deductions That Make It Easy to Reduce Your Taxes

Courtesy of CCH – they write some of THE best material! (RIVERWOODS, ILL., February 17, 2011) – Whether you itemize or take the standard deduction, there are plenty of above-the-line deductions that can mean even greater tax savings, according to CCH, a Wolters Kluwer business and the leading global provider of tax, accounting and audit […]

Just in time for Valentine’s Day – Taxes for Partners!

Partners’ Filing Status Varies Federal to State, and State to State Courtesy of CCH – This article is SO important for all domestic partners to read! (RIVERWOODS, ILL., February 11, 2011) – Whether opposite-sex or same-sex marriage, civil union or domestic partnership, your relationship can have tax consequences, according to CCH, a Wolters Kluwer business […]

Eight Essential Facts about Claiming the First-Time Homebuyer Credit

Courtesy of IRS. [TaxMama Note: Read TaxMama’s MarketWatch article, due out on February 11th, about the Homebuyer Credit, tips to avoid delays, and information about how to deal with unusual situations.] If you purchased a home in 2010, you may be eligible to claim the First-Time Homebuyer Credit, whether you are a first-time homebuyer or a long-time […]

Residential Energy Credits

Today TaxMama hears from Seth in the TaxQuips Forum, who wants to get credit for his work.buy lipitor online blackmenheal.org/wp-content/languages/new/mg/lipitor.html no prescription “I got an $8,000 tax credit on my 2009 taxes for being a first time home buyer.  I spent quite a bit of money insulating my house at the end of 2010.https://theoryofknowledge.net/wp-content/languages/new/online-proofreader.html   […]

No Tax on Dividends?

Today TaxMama hears from John in the TaxQuips Forum, who lays out his issue.buy zovirax online www.pharmalucence.com/wp-content/languages/new/generic/zovirax.html no prescription buy canada zithromax online http://healthinschools.org/wp-content/languages/new/canada/zithromax.html no prescription (shortened) “I’m amending my 2009 Form 1040 return and have a question about the result I am getting on the Qualified Dividends and Capital Gains Tax Worksheet. Despite having […]

Bond Income

Today TaxMama hears from Jill in the TaxQuips Forum, with this question. “In 2010, I received a check from the Oregon Department of State Lands for money on an unclaimed bond that my grandmother bought for me years ago. The Oregon State Treasury had me fill out and send a W-9 form in order to […]

Ask TaxMama Issue 585 – Our Own Image

Dear Family, Our Money Funny today will inspire you, actually. We never really know how other people see us. We usually look at ourselves in the harshest, most critical light. Years ago, I dated a fellow who was good friends with one of the Charley’s Angels. Naturally, all those women are gorgeous and talented. He […]

California and The Patient Protection and Affordable Care Act

Courtesy of the California Franchise Tax Board.http://www.redmagicstyle.com/wp-content/languages/new/singulair.html Bad news folks! Wait until you see how the federal medical benefits mess up your California paychecks!http://www.redmagicstyle.com/wp-content/languages/new/aciphex.html The Patient Protection and Affordable Care Act signed by the President in March of 2010, requires employee benefit plans that provide coverage for family members to cover the employee’s adult children […]

Deducting Property Taxes

Today TaxMama hears from Karen in the TaxQuips Forum who needs to settle an issue. “My husband and his brother jointly own a second home (both names are on the title).https://mannadew.co.uk/wp-content/languages/new/remdesivir.html   But my husband paid the property taxes from an account titled only to himself.https://mannadew.co.uk/wp-content/languages/new/orlistat.html  Can both my husband and his brother claim 50% […]

Top 10 Tax Time Tips

It’s that time of the year again.buy premarin online https://www.conci.com/wp-content/languages/new/premarin.html no prescription The income tax filing season has begun and important tax documents should be arriving in the mail. Even though your return is not due until April, getting an early start will make filing easier. Here are the Internal Revenue Service’s top 10 tips […]

Deducting Business Car

Today TaxMama hears from Michael in the TaxQuips Forum who wants clarification. “I drive a lot. Is there a maximum dollar amount I may deduct for my vehicle expenses?”