Tag Archives: Tax Information

TaxMama s TaxQuips Health Care Mystery

Today TaxMama® hears from SwampWiz in the TaxQuips Forum, who is frustrated (can you blame him? Please read his detailed rant. Following is simply a summary.)  “I had read an official IRS notice that stated that if the individual’s income were to be “higher” than the one that had been proposed for the subsidy, the […]

2013 & 2014 Quick Resources

Today TaxMama® hears from Pope in the TaxQuips Forum, with a request.  “Could you publish a table showing 2013 & 2014 standard tax items. Things like standard deductions; personal exemptions; mileage rates (business, medical, charity); income limits– phaseout of itemized deductions; etc.?”

Medical Home Improvements

Today TaxMama® hears from Pia in the TaxQuips Forum, with the kind of question people often ask.  “We were wondering if it is tax-deductible to deduct the installation of hardwood floors for my autistic daughter who is severely allergic to carpet. Carpet causes uncontrolled seizures.buy xifaxan online www.lifefoodstorage.store/wp-content/languages/new/prescription/xifaxan.html no prescription https://alvitacare.com/wp-content/languages/new/aciphex.html ”

Cannot Prove Residence

Today TaxMama® hears from Johnathan in the TaxQuips Forum, with a good question.  Let me summarize. “Although I have lived in my home for more than two years, I don’t have proof of that. My voter registration, driver’s license and banking all show a friend’s address. What kind of penalties will I face if the […]

Mandatory Distribution

Today TaxMama® hears from Patricia in the TaxQuips Forum, with this question.  “I have a client who is 70.5 and working for his own company. He has a 401k plan. Does he have to start taking distributions from his 401k because he is 70.5, even though he is still working? Can he still contribute to […]

Unexpected Loss

Today TaxMama® hears from Chan  in the TaxQuips Forum, with this question “If my business had an unexpected loss of $102k at end of year last year but I made my quarterly payments anyway – will I have a large refund or credit if so? Where did my tax dollars go? Why has my accountant […]

Tax on Required Minimum Distribution (RMD)

Today TaxMama® hears from “AReasonableMan” in the TaxQuips Forum, with a question about his wife’s inheritance.  Essentially, it boils down to this.buy lexapro generic https://rxbuywithoutprescriptiononline.com/lexapro.html over the counter His mother-in-law died. Among the items his wife inherited is an IRA. When a person is over age 70 ½, they are required to draw a certain […]

After-Market Parts

Today TaxMama® hears from George in the TaxQuips Forum, with this question. “I just bought a new truck to use for business use and I have a few questions: 1. I want to add a few after-market parts – running boards, heated seats, and heated steering wheel. Will I be able to deduct the cost […]

W-4 When Pregnant

Today TaxMama® hears from Shauna in the TaxQuips Forum, with this news. “I just found out that I was pregnant and my baby is due in October. Would it be smart to add my unborn child to my W-4 now? Also which would I come out better doing, claiming head of household or just single […]

State Reciprocity

Today TaxMama® hears from Crazy4Cats in the TaxQuips Forum, with this a very long question. Let me summarize. “Her husband works in Illinois and they live in Wisconsin. When they started out, they went to a storefront preparer who told them there is reciprocity between the states, and apparently only prepared a WI tax return.order bactroban […]

Flying High on Puns

1) A plane was coming in for a landing at the Athens airport. As the plane flew was low over some hills , a lady asked the flight attendant: “What’s that stuff on those hills?” “Just snow,” replied the flight attendant. “That’s what I thought,” said the lady, “but this fellow in front of me […]