Your fences need to be horse-high, pig-tight and bull-strong. Keep skunks and bankers at a distance. Life is simpler when you plow around the stump.
Today TaxMama hears from Tony in Virginia who tells us. “We have purchased a high efficient heat pump that qualifies for the 30% tax credit. We plan to remove the old system and install the new system. Can we charge our labor to the tax credit amount? I have a side engineering business along with […]
Today TaxMama hears from Lisa in Virginia. She tells us, “I have spent the last 4 years as 1099 contracted foster care provider. The contract was a signed contract renewed every six months; the current contract expires 6-30-10. Our live-in individual (client) moves out 5-2-10. His parents are moving him to an adult group home. […]
In a Purdue University classroom, they were discussing the qualifications to be President of the United States. Fundamentally, the candidate must be a natural born citizen of at least 35 years of age.
Today TaxMama hears from Dee in Virginia, with this concern. “I filed an amended return for 2007 in July of 2009 and am expecting a refund. I have called the IRS numerous times for a status and was told ‘’It is assigned to a desk, but held up because of tax credit overload and later […]
I ran into a stranger as he passed by. Oh excuse me please” was my reply. He said, “Please excuse me too; I wasn’t watching for you.” We were very polite, this stranger and I. We went on our way and we said good-bye. But at home a different story is told, How we treat […]
Avoid riding in automobiles because they are responsible for 20% of all fatal accidents. Do not stay at home because 17% of all accidents occur in the home. (that’s 37 % already) Avoid walking on streets or sidewalks because 14% percent of all accidents occur to pedestrians.(now that’s 51%) Avoid traveling by air, trains or […]
Today TaxMama hears from Anna in Virginia who is upset. “I just received a letter from the IRS for my 2007 tax return saying I owe $1600 because of a cancellation of debt that I didn’t claim. I didn’t know that I was supposed to. I don’t have $1600. What am I supposed to do?”
Today TaxMama hears from Virginia in Maryland who wants to know. “Can QuickBooks be used for government contractors who need to meet DCAA audit requirements? If so, is there anything specific that needs to be done when setting up the chart of accounts to make it DCAA compliant?”
Apparently the American Medical Association has weighed in on the new economic stimulus package, as follows: The Allergists voted to scratch it, but the Dermatologists advised not to make any rash moves. The Gastroenterologists had sort of a gut feeling about it, but the Neurologists thought the Administration had a lot of nerve. The Obstetricians […]
Today TaxMama hears from Tiffany in Virginia, who’s trying… “ I am starting an LLC which is an online store selling automotive upgrades. I will be buying a car ($10,000) and upgrading it with mostly my own inventory ($20,000). My website address will be printed on the car and it will be taken to car […]
Dear Family, Early this morning, while working on today’s issue, I was sitting here, exchanging notes with my EA Exam instructor in Portugal, Roger B. Adams, while we finish updating the new site and the 2009 course schedule. Yes, you’re bored, we’ve been working on this for weeks. Everytime we think we’re nearly done, we […]