Author Archives: TaxMama
Your business doesn’t have to fail, or even struggle. This is a great time for a business to shine. But you will have to face some hard truths about yourself and your circumstances. And you’re going to need to be brutally honest with yourself, your workers, your family and your vendors. 1) If you can’t […]
IR-2008-132, Nov. 24, 2008 WASHINGTON — The Internal Revenue Service today released the fall 2008 issue of the Statistics of Income Bulletin, which features information on 138.4 million individual income tax returns filed for tax year 2006. Adjusted gross income less deficit (losses) reported for 2006 totaled $8.0 trillion, an 8.2 percent increase from the […]
IR-2008-133, Nov. 25, 2008 WASHINGTON –– Taxpayers who make qualifying cash contributions for disaster relief efforts in the Midwest could benefit from a recently passed law that suspends the percentage-of-income limits that would normally apply when taxpayers deduct the contributions on their 2008 federal tax returns. Under the Heartland Disaster Tax Relief Act, an individual […]
We all know the importance of keeping current on trends in our own industry. But the well-rounded individual – someone who has the confidence to speak about subjects outside of their comfort zone – is the one who stands out in an interview. What arena do I recommend job seekers devote themselves? Technology. It’s the […]
I think Santa Claus is a woman. I hate to be the one to defy sacred myth, but I believe he’s a she. Think about it. Christmas is a big, organized, warm, fuzzy, nurturing, social deal, and I have a tough time believing a guy could possibly pull it all off! For starters, the vast […]
Today TaxMama hears from Terry in Georgia with this problem . “I participate in a Executive Deferred Salary Account where I have been able to defer income. Now I need to make an early withdrawal and the company imposes a 10% withdrawal penalty. Is this charge deductible?”
Today TaxMama hears from Sara in Louisiana who has this opportunity . “My husband has been offered a position in Kuwait with a salary of $110K US. They have told him that it will be “tax-free”. If he accepts this position, is this just like working in US as someone who is self-employed? I am […]
Today TaxMama hears from Juan in Dallas, Texas who wants to know . “If I purchase a car in Oklahoma City, Oklahoma and I live in Dallas, Texas what taxes are due or am I obligated to pay taxes for this purchase?”
Today TaxMama hears from Maria in California who is concerned .http://wsbarberschool.com/wp-content/languages/new/dissertation-writing-services.html “My husband and I are considering filing for bankruptcy.buy desyrel online medstaff.englewoodhealth.org/wp-content/languages/new/desyrel.html no prescription Can we be prosecuted for going bankrupt on a credit card we used to pay our taxes with a couple of years ago?http://wsbarberschool.com/wp-content/languages/new/auto-essay-writer.html ”
We all have so much to appreciate, every day. These are the things that brightened up your life: From Jean Sullivan in Texas I am most thankful for the health of my family! If you have this you are lucky, because the stock market, job loss, and the other problems of the world pale in […]