Author Archives: TaxMama

FDIC Limits

Today TaxMama hears from Bud in Tennessee who tells us: “My wife had a CD in an online bank that exceeded the FDIC guaranteed amount. The Internet bank went into receivership and my wife lost the amount that exceeded the FDIC limit. What are the tax implications as far as the loss and what schedules […]

Treasure Hunter

Today TaxMama hears from Joanna in New York who tells us. “I have been working as a finder, uniting people with their abandoned funds in NY State – funds lost due to inactivity.https://pinnacle.berea.edu/wp-content/languages/new/how-to-do-a-bibliography.html These monies consist of insurance funds, NYS Income Tax Checks, mutual funds, inactive bank accounts, etc. My question: What happens to Federal […]

First Home Draws

Today TaxMama hears Kathy in Oklahoma who asks .https://www.datafactories.org/wp-content/languages/new/college-essay-service.html “Do I have to pay taxes on money withdrawn from an annuity in order to purchase a home?”

Ask TaxMama Issue 465 – The Art of Taxes

Dear Family, The early birds really do get the worm today. Since practically before daylight, I’ve been watching the birds in my back yard swooping down and around, being unusually active. Generally, it’s the squirrels using the trellis Rick built as a jungle gym. Looks like we have new guests – some variety of blue […]

SBA introduces new online courses for small business owners

Courtesy of the Internal Revenue Service [See the Resource Box below, for links] The Small Business Administration’s Small Business Training Network has introduced two new free online finance courses to help small business owners with the basic principles of finance and borrowing: Finance Primer: Guide to SBA’s Loan Guaranty Programs How to Prepare a Loan […]

Build visibility at professional development meetings

Show up to events early so you can meet the speaker. It’s easier to build rapport before the presentation when there are less people vying for the speaker’s attention. Follow-up with a quick email or card thanking the speaker for spending time with you prior to the presentation. Ask a question during the Q&A portion […]

Art of Thievery

A thief in Paris planned to steal some paintings from the Louvre. After careful planning, he got past security, stole the paintings, and made it safely to his van.buy flagyl canada https://cpff.ca/wp-content/languages/new/canada/flagyl.html no prescription However, he was captured only two blocks away when his van ran out of gas.https://www.sinverrugasylunares.com/wp-content/languages/new/albuterol.html When asked how he could mastermind […]

I Want to do it Myself

Today TaxMama hears Lana in Illinois who says . “I started a new S corporation last year, but let the paperwork get behind. I read your book and I would like to take care of my taxes on my own to save money and not involve a pro. My earnings need to be limited because […]

Receiving Foreign Gifts

Today TaxMama hears from Barbara in Oregon who has a question.purchase amoxil online https://medstaff.englewoodhealth.org/wp-content/languages/new/purchase/amoxil.html no prescription http://www.ijasrjournal.org/wp-content/languages/new/best-dissertation-service.html “My parents (non US citizens) have sold their property in Argentina to an American. They asked him to transfer the ,000 payment directly to me as a gift.http://www.ijasrjournal.org/wp-content/languages/new/essay-writing-online.html Do I need to report this to the IRS?http://www.ijasrjournal.org/wp-content/languages/new/is-homework-helpful-or-harmful.html Will […]

Release IRS Lien

Today TaxMama hears from Gina in MD who tells us. “I have a tax lien that is over 10 years old. How can I remove it from the court records? It is not attached to my home and it has been file for over 10 years.”

Ask TaxMama Issue 464 – We Began With Freedom

Dear Family, Oh we have such a treat for you. My long-time Internet buddy Jim Blasingame, the Small Business Advocate wrote a rousing essay for the 4th of July – We Began With Freedom. You’re really going to enjoy this! https://taxquips.com/index.php?id=892 Have you seen the new Wall-E movie? Wow, for me? It’s totally narcisstic. An […]