Tag Archives: the Olympics

Ask TaxMama Issue 652 – Happy Tax Holiday Season

  Dear Family, States around the country are offering sales tax holidays this time of year. Click on the graphic (at left) to find the details. All these years, we never really heard anything about the taxability of the Olympic medals – or of the cash prizes given to each winner. Suddenly, this month, it’s […]

Tax-Free Rental Income

Today TaxMama® doesn’t have any interesting questions in the TaxQuips Forum. So let’s close this week with something interesting. I’m going to tell you how to collect rental income without paying any taxes at all.  

Renting For Filming

Today TaxMama hears from York in the TaxQuips Forum, who has found an interesting income source. “We just received our first contract for our 1916 home to be used for a commercial. The shoot lasts 3 days and we will receive $9,000 – cool! It seems that the IRS (and somewhere on your site) state […]

Ask TaxMama Issue 472 – Heroes and Hockey Moms

Ask TaxMama Issue 469 – Beijing Olympics and TSA Device

Dear Family, The Beijing Olympics starts today! 08-08-08 – if you turn it sideways, did you notice that you have three infinity symbols? To infinity and beyond! Generally Olympic frenzy is high right before each set of Olympic Games. Are you seeing that same kind of passion among the fans? For some reason, I am […]

Ask Taxmama Issue 430 – Passing On – With Joy

Dear Family, Well, at long last, tax season is over. And coming up next month, there no tax deadlines you need worry about. Hooray! It’s also the end of a life. Last night, Storey Bonner Cordell closed his eyes for the last time. He’s off to join his wife. All week long, his friends visited […]