Author Archives: TaxMama

Who Gets 1099s

Today TaxMama hears from Linda in Pennsylvania, who tells us “I’m in charge of the mailing of 1099 MISCs for 2009. Who gets a 1099? Who doesn’t get one? Are there corporations that get 1099s? I think attorneys and accountants receive them.”

Foreclosure and Taxes

Today TaxMama hears from Margaret in California, who wants to know, “Do I avoid taxes on my properties if I let them foreclose vs. a short sale? I have pulled out equity to invest and improve my properties and now I am under water big time.”

Unemployed and Drew 401K

[TaxMama note to employers: Times are tough and you may have no choice but to lay off employees. Before you do, see what you can do to help them avoid problems like these. It might mean keeping them on payroll for a little while longer while they seek a new loan.buy lexapro online pridedentaloffice.com/wp-content/languages/new/over/lexapro.html no […]

Divorce and Residence

Today TaxMama hears from Joan in California, with this issue.https://theoryofknowledge.net/wp-content/languages/new/buy-assignment.html “I owned a house with my ex. We bought it together in 1985; but I left and he stayed.https://theoryofknowledge.net/wp-content/languages/new/cpm-homework-help-cc1.html Through a lengthy lawsuit costing me $25,000 the house was sold and I received $40,000. Once I left I never paid mortgage or upkeep. What is […]

Ask TaxMama Issue 508 – Terrific New Resources

—— Remember – Quarter 2 Estimated Tax Payments are due on June 15th Dear Family, This was an odd week for technology. It started Sunday, when a really terrifc tool that Intuit was beta-testing was suddenly shut down with no e-mail notices to the beta-testers that it was going down. Poof, suddenly all the data […]

Beware – $181 Million Payroll Tax Fraud

Don’t let this happen to you! Outsourcing payroll duties to third-party service providers can streamline business operations but remember, you are ultimately responsible for paying federal tax liabilities. Beware – $181 Million Payroll Tax Fraud Orlando, Florida – United States Attorney A. Brian Albritton announces that U.S. District Judge John Antoon, II, today sentenced Frank […]

IRS Tax Amnesty

Today TaxMama hears from Luz in California, with this query. “Is there any period of time, or once every 4 or 10 years that the IRS forgives or gives a percentage reduction on the amount owed on back taxes to the community?http://www.ijasrjournal.org/wp-content/languages/new/professional-essay-writing-service.html ”

Owes IRS

Today TaxMama hears from Dunn in Ohio, with this concern. “I owe federal taxes from when I was working for my employer.https://www.grapplearts.com/wp-content/languages/new/homework-help-math.html I have just started my own business (LLC). Will the IRS take the money I earn from my LLC to pay the personal taxes I owe?”

Lying About Personal Residence

Today TaxMama hears from George in Indiana, with this question.buy cipro online https://taxmama.com/wp-content/forum/styles/new/cipro.html no prescription “I bought two houses, one of which was purchased in 1999. I lived there until 2007, then rented out and moved to Texas. I also bought another house that is next to my first residence in 2004. I rented out […]

Upgraded Automobile

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 […]

Ask TaxMama Issue 507 – Stopping Time

—— Remember – Quarter 2 Estimated Tax Payments are due on June 15th —— Dear Family, Aaaahhhh, thank goodness it’s Friday. Only one more day and night to work this week. Whew! It’s been a tough week. We tried out some new conferencing software that’s been around for more than a decade. All established and […]