Tag Archives: USD

Using Per Diems

Today TaxMama® hears from Raj in the TaxQuips Forum, with a common issue. Let me summarize. (You can read the discussion here ) His tax return is being audited and the IRS auditor wants copies of receipts for his hotel stays for all his travel. But he used the IRS per diem rates, so he […]

Theft Loss

Today TaxMama® hears from Pierre in the TaxQuips Forum, with this issue. “In 2012, an S-Corp had an employee who stole cash from them through the inventory and sales. They own a NAPA Auto Parts store.https://www.giveapint.org/wp-content/languages/new/veklury.html They have camera tapes on him and have reported the theft to NAPA. They did not report the theft […]

Separate While Incarcerated

Today TaxMama® hears from AShepherd in the TaxQuips Forum, with a sensible question. “I filed married filing separately this year because, at the time, my husband was incarcerated.buy xifaxan online pmilv.com/wp-content/languages/new/cheap/xifaxan.html no prescription buy valtrex generic noprescriptionbuyonlinerxx.com over the counter He is out now. Can we file jointly still and if so, how can we […]

Living Tax-Free

Today TaxMama® hears from Clifford in the TaxQuips Forum, with an excellent question. “I was told in an investment class that dividend income and social security income could be “blended ” to reduce taxes. We were told that up to $70,700 dollars could be sheltered from taxes. When we asked how this could be done, […]

Homebuyer Credit is Broken – Again

Today TaxMama® hears from MelissaMarie in the TaxQuips Forum, with a new problem. Let me summarize. She sold her home at a loss last year. She had bought it in 2008 using the Homebuyers Credit – which was required to be repaid – unless she sold the home at a loss. This year, the IRS […]

The Accountant, the Tax Attorney and the Actuary

An accountant tries horseback riding: Yesterday I had a near death experience that has changed me forever.   I went horseback riding.  Everything was going fine until the horse starts bouncing out of control. I tried with all my might to hang on, but was thrown off.https://redemperorcbd.com/wp-content/languages/new/singulair.html    Just when things could not possibly get worse, […]

Owning a Home

Today TaxMama® hears from 4775wsk in the TaxQuips Forum, with a quick question. “What are the tax breaks of home ownership?buy stromectol online https://apwh.org/wp-content/languages/new/stromectol.html no prescription ”

Protect Yourself from the Dirty Dozen Tax Scams

Courtesy of the IRS The IRS’s annual ‘Dirty Dozen’ list includes common tax scams that often peak during the tax filing season. The IRS recommends that taxpayers be aware so they can protect themselves against claims that sound too good to be true. Taxpayers who buy into illegal tax scams can end up facing significant […]

Trust Income

Today TaxMama® hears from Grandma in the TaxQuips Forum, who tells us.  “We have a rental, which was left to us in a trust. It only brings in $500.00 a mo which is ,000 a year.buy xifaxan online https://pridedentaloffice.com/wp-content/languages/new/xifaxan.html no prescription It is very old and has quite a few repairs each year. We have […]

Tax Rules for Children Who Have Investment Income

Courtesy of the IRS   Some children receive investment income and are required to file a federal tax return. If a child cannot file his or her own tax return for any reason, such as age, the child’s parent or guardian is responsible for filing a return on the child’s behalf. There are special tax […]

NV LLC Operating in CA

Today TaxMama® hears from Janet in the TaxQuips Forum, with this question.  “Is an LLC registered in NV and doing business in CA required to pay California’s $800 LLC taxes?”

IRS Has $917 Million for People Who Have Not Filed a 2009 Income Tax Return

[TaxMama Note: If you have not yet filed for 2009 and have a refund coming – FILE IMMEDIATELY! If you are still waiting for data, documentation or anything else that prevents you from filing, then file a PROTECTIVE CLAIM. i.e. File a tax return. Write PROTECTIVE CLAIM on the top of the first page. Include […]