Courtesy of Spidell Publishing Inc. Spidell’s Flash E-mail #2008-11 The U.S. Supreme Court has issued a ruling permitting states to exempt interest on their own bonds from taxation, while taxing residents for interest on bonds issued by other states. (Dept. of Revenue of Kentucky v. Davis (May 19, 2008) _ US _, Case No. 06-666) […]
Author Archives: TaxMama
Today’s Money Funnies column is a collection of fun things to watch or play with – sent in by folks like you – and fun stuff I found. Are you smarter than a fifth grader?https://redemperorcbd.com/wp-content/languages/new/xifaxan.html Take the test. Just how smart are you? Find out by taking a free PhD-certified IQ Test at Tickle.com. Are […]
Today TaxMama hears from a Vet in Virginia, who is perplexed. “In Sept 2000, I received a severance pay from the military. For Veterans Administration purposes, I needed to know if other taxes such as Medicare, FICA and state or any other taxes may have been deducted from this money.https://gilbertroaddental.com/wp-content/languages/new/lipitor.html Looking at my 2000 tax […]
Today TaxMama hears from Tina in Washington State, who has a problem. “Does the IRS track past due child support? Will IRS route the non-custodial parents arrearages to the custodial parent from tax returns and/or the economic stimulus check?”
Today TaxMama hears from Anita in Florida, who says. “I recently sold a rental property. The buyers used a down payment assistance program called Ameridream®. The literature I received from Ameridream® says the fee that I paid as part of closing costs ‘may be able to be deducted as a selling expense’.order valtrex online medstaff.englewoodhealth.org/wp-content/languages/new/order/valtrex.html […]
Today TaxMama hears from Lincoln in Texas, who tell us.https://www.datafactories.org/wp-content/languages/new/homework-help-cpm.html “I am paying $150 a month on 2006 taxes. Is there a way to see how much I still owe? I have tried to find an online resource to do this, but I can’t find anything. ”
Courtesy of IRS This year Hurricane Preparedness Week is May 25 – 31, 2008. Educational activities held throughout the week can be viewed at the Hurricane Preparedness Web site. The goal of Hurricane Preparedness Week is to provide the public with information about hurricane hazards, and to provide knowledge that can be used to take […]
Courtesy of IRS – FS-2008-20, April 2008 WASHINGTON—Internal Revenue Service research indicates that understated business income contributes significantly to the tax gap, with the majority understated by small businesses. To assist small business and self-employed taxpayers better understand their reporting obligations, this fact sheet addresses the issue of income and how to determine gross income. […]
DEAR DOCTOR: Q: I’ve heard that cardiovascular exercise can prolong life. Is this true? A: Your heart is only good for so many beats, and that’s it… don’t waste them on exercise. Everything wears out eventually. Speeding up your heart will not make you live longer. That’s like saying you can extend the life of […]