Author Archives: TaxMama

Withholding and W-4

Today TaxMama hears from Ron in Wisconsin who tells us. “I just got a job working full time for a salary of ,000 per year.https://pavg.net/wp-content/languages/new/synthroid.html My wife does not work. We have 4 kids at home. How many dependents may I claim on my W-4 to avoid losing a bunch of money every week in […]

Medical Pool

Today TaxMama hears from Angela in Georgia with this story.https://www.epsa-online.org/wp-content/languages/new/tadalafil.html “I do my friend’s taxes. Can he deduct an above-ground pool installation that was recommended by doctor? His wife has MS and needs to do exercises. The doctor felt that exercises done in water will help her.buy zithromax online https://taxmama.com/wp-content/forum/styles/new/zithromax.html no prescription It has not […]

Reporting Tip Income

Today TaxMama hears from Danni in Florida who tells us “I am a hairdresser.buy lipitor online pavg.net/wp-content/languages/new/where/lipitor.html no prescription https://jaymorrisonacademy.com/wp-content/languages/new/research-papers-online.html What percentage of my tips am I required to report?https://jaymorrisonacademy.com/wp-content/languages/new/write-my-research-paper.html ” Dear Danni 100% – ALL OF YOUR TIPS! Why should you have to report less than all your income when every other working stiff […]

Refusing to Provide TIN

Today TaxMama hears from George in California with this problem.buy propecia online www.pharmalucence.com/wp-content/languages/new/generic/propecia.html no prescription “What course of action can a company take if a payee, who has already been paid for services rendered, avoids or refuses to give his tax ID information (W-9) for 1099 tax reporting purposes?”

Deadline for filing Tax Year 2007 Form 1041 electronically has been extended.

This just in from IRS about electronic filing and filing deadlines: In consideration of the provisions covering disaster assistance for affected taxpayers in the states of Louisiana and Texas, we will continue to accept Tax Year 2007 electronically filed Form 1041 returns through November 22, 2008. This change affects Production returns only.buy synthroid online gilbertroaddental.com/wp-content/languages/new/generic/synthroid.html […]

New Rules for Qualifying Child

Tax Provisions in HR 6893 Signed Into Law Oct 7, 2008 In addition to the Emergency Economic Act of 2008, President Bush has signed a little known Act which contains a clarification of the uniform definition of a qualifying child for purposes of the dependency exemption, EITC, dependent care, and HH filing status. This change […]

Location! Location! Location!

In real estate it’s all about “Location! Location! Location!” If you had to choose the key to job search success it is “Follow-up!” It’s not enough in today’s highly competitive environment to be the most qualified candidate. The winning candidate has the best strategy to gain access to the appropriate hiring decision maker, and command […]

Forrest Gump Explains Mortgage Backed Securities

Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody bites into a turd […]

Gifting Your Children

Today TaxMama hears from Pat in Florida who’s quite generous. “Can you explain the$10,000 gift tax exemption to me? I want to gift my children.” Dear Pat, Well, your children are certainly fortunate to have a mother like you. Interested in adopting me? First of all, the $10,000 gift tax exemption is $12,000 this year. […]

Hurricane Ike Losses

Today TaxMama hears from Char in Texas with a simple question – or two.buy levitra online https://healthsystems24.com/wp-content/languages/new/levitra.html no prescription “Are my losses from Hurricane Ike deductible? And how?” Dear Char, Sorry you’re facing all those problems. Actually, I’ve got good news for you – and bad news. The good news: There’s lots of information about […]