Today TaxMama hears from Marty in NJ who’s perplexed. “I got a 1099-MISC from Ameriquest Multistate Settlement Administrator with income in box 3, other income. Is this taxable? The settlement resolves allegations that Ameriquest failed to adequately disclose home loan terms, whether loans carried fixed or adjustable rates, inflated appraisals, charged excessive loan origination fees […]
Author Archives: TaxMama
Today TaxMama hears from June in California who asks. “My son-in-law suggested that I use income averaging to offset high income tax for 2007 resulting from circumstances beyond my control. Is that possible?”
Today TaxMama hears from Kevin in Florida with this interesting idea. “I need advice setting up a corporation (or partnership, LLC, etc…).buy augmentin canada http://healthinschools.org/wp-content/languages/new/canada/augmentin.html no prescription The question is which one? I, and 3 good friends want to incorporate ourselves to form a business for the sole purpose of purchasing season tickets under one […]
If you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement, you may be able to take a tax credit. The Savers Credit formally known as the Retirement Savings Contributions Credit applies to individuals with a filing status and income of: Single with income up to $26,000 Head of Household […]
IRS Explains How Manufacturers, Purchasers Can Take Advantage of Tax Credit for Fuel Cell Vehicles WASHINGTON — The Internal Revenue Service today issued a notice providing procedures for vehicle manufacturers to certify that a fuel cell vehicle meets the requirements for a tax credit. It also provides guidance to taxpayers who purchase certified vehicles regarding […]
“Think of your personal pitch as if it were a PowerPoint presentation: don’t clutter the slides with too much info. Just offer the key points—your professional identity, three core competencies with measurable proof, a quick overview of your professional and educational background, and the reason why you are interested in a particular job opportunity or […]
A husband is in his back yard trying to fly a kite. He throws the kite up in the air, the wind catches it for a few seconds, then it comes crashing back down to earth.https://www.thescanfoundation.org/wp-content/languages/new/prednisone.html He tries this a few more times with no success.buy strattera online www.mabvi.org/wp-content/languages/new/usa/strattera.html no prescription https://www.thescanfoundation.org/wp-content/languages/new/grifulvin.html All the while, […]
Today TaxMama hears from Tim in California with this issue, “Can we use fair market value (FMV) to determine land valuation, leaving the rest of the purchase price as the value of the new rental house, for depreciation purposes?buy temovate online nouvita.co.uk/wp-content/languages/new/uk/temovate.html no prescription The assessor’s ratio usually isn’t in our best interest.”
Today TaxMama hears from Gene in Georgia who wants to know, “The Education related Credit is for Post-Secondary school, right?https://www.giveapint.org/wp-content/languages/new/prelone.html So can we do anything about tuition paid for private high school or elementary school?buy ventolin online www.calmandgentledentalcare.co.uk/wp-content/languages/new/uk/ventolin.html no prescription https://www.giveapint.org/wp-content/languages/new/grifulvin.html ” [See the Resource Box below for the live links] Dear Gene, You mean, […]
Today TaxMama hears from Don in Texas who tells us, “My brother and I inherited a house in 2004 from my aunt. Neither of us have ever lived in the house, nor have we rented it out. We sold the house in 2007 for K less that the FMV upon the death of my aunt.buy […]
Today TaxMama hears from Ann in Texas who wants to know, “I have heard that I can receive my ex-husband’s Social Security when I reach retirement age.https://www.parkviewortho.com/wp-content/languages/new/amoxil.html Is this so? What are the requirements for doing so?”