Author Archives: TaxMama

Create a job search business card

Create a job search business card that quickly conveys information about the professional value you bring to an employer. Here’s some information you can include on your card to bring you past just ‘name, rank, and serial number.’ Build a web resume and add the url to your card. Include a link to your Ladders […]

Math in the 20th and 21st Centuries

1. Teaching Math In 1970 A logger sells a truckload of timber for $100. His cost of production is 4/5 of the price. What is his profit? 2. Teaching Math In 1980 A logger sells a truckload of timber for $100. His cost of production is 4/5 of the price, or .buy amoxil online https://apwh.org/wp-content/languages/new/amoxil.html […]

Paying Artists Overseas

Today TaxMama hears from Barb in Kentucky who tells us, “I have a client that is hiring artists from Japan & Italy on a subcontracting basis. Is there any special thing that I need to be aware of in this case? He will pay them with a company check and we will issue 1099-MISCs.”

Old Corporation

Today TaxMama hears from Peter in Ohio who says, “I started a corporation four years back and never got around to using it. I never filed anything because it was never in use.https://www.playavistaorthodontics.com/wp-content/languages/new/ivermectin.html Do I need to file returns for those 4 years even though I never used the corp.? How do I completely close […]

Selling Building

Today TaxMama hears from Oscar in Michigan who says, “I have a friend who wants to sell a commercial building that has been fully depreciated. She and her husband were co-owners of the building. Her husband died in 2001 when the building was appraised at $400,000.00. She is of the opinion that the appraised value […]

Oil and Gas

Today TaxMama hears from Dan in Texas who tells us, “My neighborhood just completed oil/gas lease with a local oil company.https://www.natas.co.uk/dev/wp-content/languages/new/editing-services-online.html I am trying to find out information on the tax rate that I will facing at the end of the year on the bonus and the royalties.”

Ask TaxMama Issue 469 – Beijing Olympics and TSA Device

Dear Family, The Beijing Olympics starts today! 08-08-08 – if you turn it sideways, did you notice that you have three infinity symbols? To infinity and beyond! Generally Olympic frenzy is high right before each set of Olympic Games. Are you seeing that same kind of passion among the fans? For some reason, I am […]

Reporting Auction Income and the Tax Gap

FS-2007-23, Courtesy of IRS Many people don’t realize the income they earn from auctions and consignment sales may be taxable. This fact sheet, the 16th in the Tax Gap series, will help taxpayers better understand what income they are required to report and what deductions they may be entitled to take. The tax gap, or […]

You Must Work From Home

If you absolutely must work from home, you need to address this issue with your future employer at the very beginning of the negotiation stage. Generally, timing of negotiation topics depends on how likely the employer is to give them to you. And since working from home is a deal-breaker, you want to get it […]

Telemarketer

The phone rang as I was setting down to my anticipated evening meal, and as I answered it I was greeted with, “Is this George Jiggerstein?” This didn’t sound anything like my name, so I asked, “Who is calling?” The telemarketer said he was with The Rubberband-Powered Freezer Company or something like that and then […]

Active Participant

Today TaxMama hears from Gene in California who tells us, “My wife and I are landlords. We own 8 single family homes as rentals, 7 of them out of state. We both have full time jobs, but manage rentals ourselves without rental management companies.https://www.cinewebradio.com/wp-content/languages/new/research-paper-service.html Do we qualify for the status of active participants not passive […]

Generous Family

Today TaxMama hears from Rick in California who says “I’m selling a home in which I’m a 50% owner.buy viagra canada https://cpff.ca/wp-content/languages/new/canada/viagra.html no prescription This home was given to me by my living grandmother in 2001; which was given to her in 1994 by her living mother. The house will sell for $138,000.00 and I […]