IR-2008-77, June 6, 2008 WASHINGTON — The Internal Revenue Service today introduced several new features to the interactive Online Payment Agreement application , which will make it easier for taxpayers and their authorized representatives to make changes to existing installment agreements. The system will now permit: LI>Individuals to revise their payment due dates and/or amounts […]
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If you own a foreign bank account, brokerage account, mutual fund, unit trust, or other financial account, then you may be required to report the account yearly to the Internal Revenue Service. Under the Bank Secrecy Act, each United States person must file a Report of Foreign Bank and Financial Accounts (FBAR), if The person […]
After being married for 44 years, I took a careful look at my wife one day and said, ‘Honey, 44 years ago we had a cheap apartment, a cheap car, slept on a sofa bed, and watched a 10-inch black and white TV; but I got to sleep every night with a hot 25-year-old gal. […]
TaxMama s Tax Quips Stimulus Question – 6/12/08 – Thursday Today TaxMama hears from Douglas in Massachusetts who wants to know. “If a person has no income and does not collect Social Security, can they still file for the Stimulus Rebate?”
Today TaxMama hears from Maureen in California who says. “I own a house with my 2 sisters equally since 2002.https://alvitacare.com/wp-content/languages/new/cytotec.html They want to buy my share out because I am getting married. Will this amount be considered taxable since we didn’t sell the house?”
Today TaxMama hears from Kathy in Florida who tells us. “My husband currently works “under the table”.us overnight pharmacy https://buynoprescriptionrxxonline.net/us-overnight-pharmacy.html no prescription We declare his total income and are subsequently hit every year with owed taxes. Would it behoove us to make him a sole proprietor of his own yacht cleaning business? Would we be […]
Today TaxMama hears from Kevin in California who asks.https://libertyjuice.com/wp-content/languages/new/amitriptyline.html “I know California isn’t a common-law state. But are there any other tax issues that I need to be aware of if I decide not to get married to my long-term girlfriend?https://libertyjuice.com/wp-content/languages/new/nolvadex.html With such high divorce rates, I’m beginning to think that remaining committed partners is […]
HR 2419: To provide for the continuation of agricultural programs through fiscal year 2012, and for other purposes. Highlights: -Prohibits persons with adjusted gross non-farm income of over $500,000 or adjusted gross farm income of over $750,000 from receiving certain types of subsidies (Sec. 1604). -Requires the Secretary of Agriculture to spend $991 million during […]
A young scholar from New York was invited to become Rabbi in a small old community in Chicago. On his very first shabbath, a hot debate erupted as to whether one should or should not stand during the reading of the Ten Commandments. The next day, the rabbi visited 98 year-old Mr. Katz in the […]