Today TaxMama hears from Tom in Arizona who asks “If I win the lottery, to how many people can I give a one-time, $1 million lifetime exclusion?”
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Today TaxMama hears from Jason in Arizona who says “My wife and I both started businesses in 2007. My wife sells candles and I do accounting.https://jaymorrisonacademy.com/wp-content/languages/new/paying-college-athletes-essay.html I know since we do joint taxes that normally you can file your business taxes with our personal taxes. But how does it work when filing for two different […]
On July 26, 2008, the Senate passed the “Housing Assistance Tax Act of 2008” (H.R. 3221). The president is expected to sign the bill. Among its provisions are: A refundable credit of up to $7,500 on the purchase of a principal residence by a “first-time homebuyer.” A first-time homebuyer is a taxpayer who hasn’t owned […]
Competition continues to grow tighter for baby boomer employees in executive ranks. There are more candidates as the post-war generation ages and moves up the career ladder, but the number of executive positions is static. The result? Boomers are forced to be more aggressive, better prepared, and more innovative in employment styles. Alesia Benedict You’ll […]
A newlywed couple had only been married for two weeks. The husband, although very much in love, couldn’t wait to go out on the town and party with his old buddies. So, he said to his new wife, “Honey, I’ll be right back.” “Where are you going, coochy cooh?” asked the wife. “I’m going to […]
Today TaxMama hears from a divorcee who is concerned. She says “I got divorced in 2001. The decree stated that we would each claim one child as a dependent. When I moved to another state in 2006 my taxes were done by H&R Block. I didn’t realize they had claimed both children in my tax […]
Today TaxMama hears from Jean in Texas who asks. “How can I assure I meet the qualifications of a real estate professional.buy finasteride online redemperorcbd.com/wp-content/languages/new/prescription/finasteride.html no prescription I am a landlord, not a real estate broker or agent.”
Today TaxMama hears from Rodney in Texas who asks. “How do you determine the difference between a deduction that you can take in full in the year of purchase vs the deduction that is spread over many years? I am trying to relate this to software because some software is used without changing for many […]
Today TaxMama hears from Jodi in California with this question. “I am considering babysitting for my grandbaby in my home for a monthly fee. My son & daughter-in-law want to claim the child care credit on their taxes. Does this mean I’m self employed? Will I have to make quarterly estimated tax payments?”
Retirement Plans – 9 videos about retirement plans, including IRAs. Some help retirement plan sponsors choose and operate their plans. Others are to help participants, like you, ensure your retirement benefits are protected. https://www.stayexempt.org/ep/navigating_plans.html IRS Brochure outlines Small Business Federal Responsibility In this one sheet two-fold brochure, you will find and impressive list of IRS […]