Author Archives: TaxMama

Ask TaxMama Issue 540 – A Long Weekend

Dear Family, This week went by so quickly, I didn’t even have time to blink. Perhaps not so for some people. Working on an article, I called the IRS DC press office one morning, only to get the answering service message that the office was closed. So contacted a couple of those cool guys by […]

Four Steps to Follow If You Are Missing a W-2

Courtesy of IRS Getting ready to file your tax return?  Make sure you have all your documents before you start. You should receive a Form W-2, Wage and Tax Statement from each of your employers.  Employers have until February 1, 2010 to send you a 2009 Form W-2 earnings statement.buy viagra online https://healthsystems24.com/wp-content/languages/new/viagra.html no prescription […]

Five Important Facts About Your Unemployment Benefits

Courtesy of IRS  Taxpayers who received unemployment benefits in 2009 are entitled to a special tax break when they file their 2009 federal tax returns. This tax break is part of the American Recovery and Reinvestment Act of 2009. Here are five important facts the Internal Revenue Service wants you to know about your unemployment […]

Girls in My Circle

When I was little, I used to believe in the concept of one best friend, And then I started to become a woman. And then I found out that if you allow your heart to open up, God would show you the best in many friends. One friend is needed when you’re going through things […]

1099-A Abandoned Property

  Today TaxMama hears from Sylvia in the TaxQuips forum, with this terse question. “Box 2 $160,000 Box 4 $150,000. Adj Basis $210,000. Which Form (982)? and which lines to use.”

Line C Form 5405

Today TaxMama hears from Seth in the TaxQuips forum, with this question.https://www.thebesthealthnews.com/wp-content/languages/new/clomiphene.html “The instructions for line C in Part 1 of Form 5405 (Rev.https://www.thebesthealthnews.com/wp-content/languages/new/furosemide.html December 2009) are confusing to me. It states “If the date purchased is after April 30, 2010, and before July 1, 2010, did you enter into a binding contract before May […]

Prepaid Medical Insurance

Today TaxMama hears from Elaine in the TaxQuips forum, who tells us. “I have a client that is retiring now at age 55. He will receive $185,000 in deferred compensation. The company will withhold 1,000 for lifetime medical insurance for him.buy singulair online https://taxmama.com/wp-content/forum/styles/new/singulair.html no prescription Can the whole $111,000 be deducted in the year […]

Adopting Two Girls

Today TaxMama hears from Charlotte in the TaxQuips forum, who tells us. “We adopted my niece’s 2 children this year. But my husband’s Social Security income wasn’t taxed. So how do I get the child income tax credit? or can I? I don’t work.”

Ask TaxMama Issue 539 – Super Bowl Weekend

  Dear Family, Did you enjoy the Stop Taxing My Patience Contest – from Office Depot and H&R Block? The questions were so interesting. I love good questions – especially if they are short and challenging. The forum and all the questions will stay up for your benefit. But you can no longer post to […]

IRS News – Is this Income Taxable?

While most income you receive is generally considered taxable, there are some situations when certain types of income are partially taxed or not taxed at all.https://drugeriemarket.co.uk/wp-content/languages/new/propecia.html To ensure taxpayers are familiar with the difference between taxable and non-taxable income, the Internal Revenue Service offers these common examples of items that are not included in your […]

IRS News – Seven Tax Tips for Disabled Taxpayers

Taxpayers with disabilities may qualify for a number of IRS tax credits and benefits. Parents of children with disabilities may also qualify. Listed below are seven tax credits and other benefits that are available if you or someone else listed on your federal tax return is disabled. Standard Deduction Taxpayers who are legally blind may […]