Tag Archives: Virginia

Renting to LLC

Today TaxMama® hears from RJ in the TaxQuips Forum, with a travel question. “I am a single member LLC. I have a long-term (3 year) out-of-state contract, which requires me to be physically onsite at the client’s location 75% of the time (3 weeks per month). I am currently renting an apartment and deducting the […]

IRS Has $1 Billion for People Who Have Not Filed a 2008 Income Tax Return

IRS YouTube Videos: Haven’t Filed a Tax Return in Years?:English | Spanish | ASL IR-2012-26, Feb. 23, 2012 WASHINGTON — Refunds totaling more than $1 billion may be waiting for one million people who did not file a federal income tax return for 2008, the Internal Revenue Service announced today. However, to collect the money, […]

Hell – As Explained By A Chemistry Student

The following claims to be a question given on a  University of Arizona  chemistry mid-term, and an answer turned in by a student.  The answer by one student was so ‘profound’ that the professor shared it with colleagues, via the Internet, which is, of course, why we now have the pleasure of enjoying it as […]

Even the Smartest Man Doesn’t Understand Income Taxes

–  The hardest thing in the world to understand is income tax.  Albert Einstein – I am sure I could understand income taxes if I put my mind to them. But if I took the time to do that, the world would be deprived of many of my books. Isaac Asimov (wrote over 500 books)   – If […]

What have we learned in 2066 years?

“The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.”    – Cicero – 55 BC […]

Keep Your Fork

There was a young woman who had been diagnosed with a terminal illness and had been given three months to live. So as she  was getting her things ‘in order,’ she contacted her Pastor  and had him come to her house to discuss certain aspects of  her final wishes. She told him which songs she  […]

Your Invisible Impact

Next week, I have a high school reunion coming up. (Never mind what number it is – know that it is a big number!) I was privileged to attend the best public high school in Los Angeles (at least in my opinion) – Fairfax High School. Looking at the notes from my classmates brings back […]

Help the US Deficit – Don’t Ever File Your 2007 Tax Return!

Video: How to Request a Copy Your Tax Return: English IRS Has $1.1 Billion for People Who Have Not Filed a 2007 Income Tax Return WASHINGTON — Refunds totaling more than $1.1 billion may be waiting for nearly 1.1 million people who did not file a federal income tax return for 2007, the Internal Revenue […]