IR-2009-57, June 4, 2009 WASHINGTON — IRS Commissioner Doug Shulman announced today that by the end of 2009, he will propose a comprehensive set of recommendations to help the Internal Revenue Service better leverage the tax return preparer community with the twin goals of increasing taxpayer compliance and ensuring uniform and high ethical standards of […]
Author Archives: TaxMama
On June 2, 1925, New York Yankees manager Miller Huggins replaced first baseman Wally Pipp with young Lou Gehrig, the pride of Columbia University. Gehrig would go on to play in every Yankee game, every season through April 30, 1939. His record of 2130 consecutive games, played through illness, injury, and even bone fractures, would […]
Today TaxMama hears from Carole in Washington State, with a good question. “My husband and I are principals in a WA state LLC that files as an S Corp. We both have high deductible Health Savings Accounts.http://wsbarberschool.com/wp-content/languages/new/business-plan-generator.html Is there any benefit to paying premiums through the company since it would go on our W-2s as […]
Today TaxMama hears from Vicki in Washington State, with this quick question. “Does imputed income affect Social Security and Medicare taxes as well as federal taxes?buy levaquin online alvitacare.com/wp-content/languages/new/where/levaquin.html no prescription ”
Today TaxMama hears from Tarquin in New Orleans, with this problem. “I inherited a coin collection.http://pmilv.com/wp-content/languages/new/prednisone.html The estimated basis I got was ,000.buy canadian valtrex online cpff.ca/wp-content/languages/new/canadian/valtrex.html no prescription But the collection sold for $90,000 a few months later. I calculate that I now owe $5,600 in capital gains taxes. But I know that coin […]
Today TaxMama hears from Kevin in Arizona, who wants to know, “How often does a rental property have to be rented or income made to qualify as a rental?buy flagyl online https://taxmama.com/wp-content/forum/styles/new/flagyl.html no prescription Looking at the numbers, I doubt ours can go cash positive for at least 4 years. From reading your articles, it […]
Dear Family, Sheesh…running late today because I’m answering all the e-mails coming in this morning about tomorrow’s class. It looks as if I’ve found a meeting system that addresses the learning environment better than the general conference systems. We’ll be trying it out this weekend. And if you’re interested in the results, ask me and […]
IR-2009-55, May 28, 2009 WASHINGTON — Businesses planning to claim the newly-expanded work opportunity tax credit (WOTC) for eligible unemployed veterans and unskilled younger workers hired during the first part of 2009 have until Aug. 17 to request the certification required for these workers, according to the Internal Revenue Service. Newly-revised Form 8850, now available […]
At last a guy has taken the time to write this all down Finally,the guys’ side of the story. (must admit, it’s pretty good.) We always hear”the rules” from the female side. Now here are the rules from the male side. These are our rules! Please note.. these are all numbered “1 ” ON PURPOSE! […]
Today TaxMama hears from Colin in Maryland, who tells us, “I wish to sell my house in the UK as I live in the USA permanently now. What tax implications are there? It is my sole residence, with a value approx 240.000 pounds.”
Today TaxMama hears from Kandi in Iowa, who asks, “Would a professional bodybuilder be allowed to deduct expenses associated with training/contest preparation?https://www.quaintonhall.org.uk/wp-content/languages/new/buy-essay-online-cheap.html I was told they can deduct traveling expense and contest entry fees directly related to competition. What about supplements, training, posing suits, tanning and other miscellaneous expenses incurred to prepare for competition?”
Happy Memorial Day Weekend Remembering those who died for our freedoms Dear Family, This is Memorial Day weekend. Our offices will be closed on Monday. Will yours? It’s a holiday to remember, and to appreciate. Unlike Veteran’s Day, which is a holiday to honor the living, Memorial Day is a time to honor the dead. […]