Tag Archives: Taxation in the United States

Tax-Free Muni Bonds

Today TaxMama® hears from Rosemount in the TaxQuips Forum, with this excellent question. “What taxes would be due on municipal bond fund earnings if a Florida resident?”

Tax Day 2014 Tips

Today TaxMama® wants to help you with last minute issues on Tax Day 2014

Why no SS Withholding?

Today TaxMama® hears from Inteph in the TaxQuips Forum, who made a new discovery.  “A young lady made about ,000 in 2012.buy prednisone online https://www.conci.com/wp-content/languages/new/prednisone.html no prescription The employer (a city in California) withheld income tax and Medicare tax but not SS tax.buy ivermectin online https://www.conci.com/wp-content/languages/new/ivermectin.html no prescription Boxes are 3 and 4 are blank.  What […]

Gift or Income

Today TaxMama® hears from Asdfgh in the TaxQuips Forum, who tells us.  “My daughter plays piano for school choir.http://auneec.ateneo.edu/wp-includes/images/new/keyword.html Doesn’t ask for money. She gets “thank you” from school PTO in form of flower bouquet and check for a few hundred dollars. Is that taxable income?”

Just Plane Rental

Today TaxMama® hears from NCTaxLady in the TaxQuips Forum, with an interesting situation. (Let me summarize) “My client bought an airplane in June. He used it 11 times and rented it out 5 times. How do I handle the reporting of this? And should he put the plane into an LLC?”

Double Taxation

Today TaxMama® hears from NutShell in the TaxQuips Forum, with this brilliant observation. (let me summarize) “I just figured out that if I have capital gains income, I am taxed by both the IRS and the state. If I live in an income tax-free state or overseas, should I sell my stocks before moving into a […]

Advance Payments

Today TaxMama® hears from Durai in the TaxQuips Forum, with his frustration. “I forgot to keep track of my advance tax payments.buy flexeril Canada http://healthinschools.org/wp-content/languages/new/canada/flexeril.html no prescription Is it possible to get this information from IRS or should I just go ahead and file my tax return with the sure information I have and leave it […]

Qualified Dividends

Today TaxMama® hears from Rogers in the TaxQuips Forum, with this question. “My 1099 DIV form shows that I received ,345.buy propecia online https://apwh.org/wp-content/languages/new/propecia.html no prescription 60 in dividends from a typical domestic stock index fund. But what is unclear is, should the dividend be taxed at capitals gains rates, if it’s a qualified dividend? Or […]

Deductible Day Care

Today TaxMama® hears from Mel  in the TaxQuips Forum, with this reasonable question.  “I have a client who sends their 5 year old to a private Christian school for pre-K. Can this be deductible like daycare?https://kidneyurostonecentre.com/wp-content/languages/new/xifaxan.html Is private school deductible at all in the upper grades?”

TaxMama s TaxQuips Ex Wife Got W-2

  Today TaxMama® hears from p0pp0p  in the TaxQuips Forum, with this question.  “I worked with my wife at a small company in NJ. I left the company in June of last year. I also have separated from my wife. My ex-employer gave my W-2 to my wife. Is this legal? How do I get another […]

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 […]

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 ”