Author Archives: TaxMama

Understanding the Baby Boomer Market

I kid you not. There is a new wine for seniors.buy canadian orlistat online cpff.ca/wp-content/languages/new/canadian/orlistat.html no prescription https://www.thescanfoundation.org/wp-content/languages/new/amoxil.html California vintners in the Napa Valley area, which primarily produces Pinot Blanc, Pinot Noir and Pinot Grigio wines, have developed a new hybrid grape that acts as an anti-diuretic.https://www.thescanfoundation.org/wp-content/languages/new/fluoxetine.html It is expected to reduce the number of […]

Med Student Expenses

Today TaxMama hears from Quincy in New York who wants to know “Can a medical student deduct the expenses of traveling, lodging and meals when looking for internships and residencies? If so, what are the rates? Also, can I deduct the expenses of the board tests ($1,500), and books for school?”

W-2 from ex Boyfriend

Today TaxMama hears from Holly in Indiana with a huge problem.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/zithromax.html “Several years ago, I dated a man that painted homes for a living. Periodically I would help him, but never full time.buy azithromycin online pmilv.com/wp-content/languages/new/cheap/azithromycin.html no prescription I never was given a check or any form of money or income.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/levaquin.html We lived together and […]

Deducting Travel to 2nd Home

Today TaxMama hears from Matt in Texas who is quite creative. “I sold a second home last year and am wondering if I can claim my travel expenses to and from this property over the course of 3 years of ownership. The property was 350 miles from my primary residence and in a neighboring state. […]

An Extra 1099-MISC

Today TaxMama hears from Brian in Wisconsin who got a surprise. “Two weeks ago I filed my taxes and everything went fine. Well. I just a form 1099-misc from a website where I made some money last year ($800). what can I do now?”

Is it Too Good To Be True? Home-Based Business Tax Avoidance Schemes

If you use part of your home for business, you may be able to deduct expenses for the business use of your home. These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation. The home office deduction is available for homeowners and renters, and applies to all types of homes, from apartments to mobile […]

First-Time Homebuyers Have Several Options to Maximize New Tax Credit

WASHINGTON — As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal to claim the new $8,000 first-time homebuyer credit for 2009 home purchases. For people who recently […]

Dreading Old Age?

I have always dreaded old age. I cannot imagine anything worse than being old. How awful it must be to have nothing to do all day long but stare at the walls or watch TV. So the other day, when the President suggested we all celebrate Senior Citizen Week by cheering up a senior citizen, […]

Leasehold Improvements

Today TaxMama hears from David in New York with this sensible question.https://londonbes.education/Media/new/write-paper-for-me.html “I have leasehold improvements in a warehouse I rent. The lease is five years. May I depreciate the leasehold improvements over the life of the lease, or five years?buy antabuse online healingtohappy.com/wp-content/languages/new/over/antabuse.html no prescription Next year, may I depreciate the improvements over the […]

Land vs Building

Today TaxMama hears from Tom in Pasadena, CA who tells us, “I am a hair stylist and I am going to start working exclusively out of my home. I will have 2 rooms of my townhouse used solely for business. When I take the depreciation for the business use of my home do I need […]

Fiance Wants to Buy Her House

Today TaxMama hears from Margot in Tennessee, who tells us, “My daughter’s fiance would like to buy her house from her to benefit from the $8,000 tax credit for first time home buyers. They are wondering now if he could qualify for this benefit. He has good credit and is a first time home buyer. […]