Tag Archives: Tax Court

Tracking Mileage

Today TaxMama® hears from Straffan in the TaxQuips Forum, with this quick question. “Do you have to keep a separate log with start and stop odometer readings for each business trip? Or can you just add mileage notes to a daily planning diary? Would you still have to include odometer readings in the diary to […]

Employee or Contractor

Today TaxMama® hears from Roger in the TaxQuips Forum who is frustrated with the concept. “I guess my question would be, what is different about what I’m doing and, say, a general contractor ICing a plumber regularly to plumb houses he is building? Or a magazine that subs out to a freelance writer? These guys […]

Medical Marijuana

Today TaxMama® hears from John in the TaxQuips Forum, with this quick question.  “Can a new marijuana business in CO and WA declare business deductions on a federal tax return?”

Hobby v Business

Today TaxMama® hears from Susan in the TaxQuips Forum, with an interesting twist.  “I am an analyst with a high-tech firm and I teach one course a year at the University Extension in our area. While the course topic is related to my field, I don’t consider myself to be “in the business” of teaching. […]

Penny Wise Pound Foolish

Today TaxMama® hears from Kyong in the TaxQuips Forum with a sad question. “Nov 15, 2011 was the last day to file a tax court petition. The Tax Court petition was filed using Fedex Saver, which is not one of the designated private delivery services listed under IRC sec. 7502. I have a proof of […]

Ask TaxMama Issue 651 – Another Buggy Whip

Dear Family, Next week is the anniversary of the Paperback book, which was first introduced by Penguin. There was a brand of paperback books called PocketBooks. As you may have realized, I am an avid reader. Have been since I could see.

Follow Instructions

Today TaxMama® hears from Michele in the TaxQuips Forum who makes extra work for herself. “I had to jump over high hurdles on a single bound, tall buildings with a single leap, etc. but still unable to find/get the “Crazy Cat Lady” case referred in the Tuesday, June 6, 2012 email, when you answered a […]

Horsing Around

Today TaxMama® hears from Paul in the TaxQuips Forum who wants to be generous. “I am considering allowing the use of my horse barn to a non-profit horse rescue organization. This group has several rescued horses that need care and would like to board the horses on my property. Can I take advantage of this […]

Courts Protect Taxpayer Basis and Audit Limits

Here are a couple of tax-related court cases you might find interesting. Attorney Ronald Marini writes about a very recent Supreme Court decision that limits IRS’ audit powers in a way you’ll like. The IRS is limited to three years to audit you or your business when it comes to determining the basis of anything […]