Author Archives: TaxMama

Home Energy Credits

Today TaxMama hears from several people, who say, “I do hope we can still get energy credits for the various improvements we made?buy premarin online www.parkviewortho.com/wp-content/languages/new/prescription/premarin.html no prescription We were counting on that! “

Ask Taxmama Issue 429 – The Final Deadline

Dear Family, Tax season countdown – 3 days. Are taxes a mystery to you? That’s what makes them fun! You’ve been very active this week. Fascinating notes, comments, suggestions – and a story. Did you the story of Blaire Borthayre’s family? https://taxquips.com/index.php?cat=Tradition! In many ways, she could have been writing about my family. In speaking […]

Don’t Overlook Tax Breaks

Tax-filing Extension Expires Oct. 15; Don’t Overlook Tax Breaks, Choose e-file or Free File, IRS Urges IR-2007-165, Oct. 5, 2007 WASHINGTON — The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax breaks and then file their returns electronically using IRS e-file […]

Lubricating Outside the Box

A man doing market research for the Vaseline Company knocked at the door and was greeted by a young woman with three small children running around at her feet. “I’m doing some research for Vaseline. Have you ever used the product?” She said, “Yes. My husband and I use it all the time.” “If you […]

30 Year old Basis

Today we hear from Joe in Iowa who tells us. “We have lived in our house for over 30 yrs. In April 2007 we began renting part (20%) of our home to a friend. How do I determine the basis of the rental portion (20%) of our home?”

Missed the DEADline

Today we hear from Roberta in Virginia who wants to share this story with us.buy Xenical generic rxbuywithoutprescriptiononline.net over the counter “I have a very close friend who is dying and we need some advice about what to could quickly, to avoid probate on his home, yet give my friend a feeling of security about […]

Land Sale

Today we hear from Lea Anne in Kentucky who tells us.https://www.simplybeyondfoods.com/wp-content/languages/new/amoxicillin.html “I sold 8 acres of land for $25,000.00 that I bought for $15,000.00 8 years ago. I added at least $10,000.00 worth of improvements to the land, including a building, a road, electric, water, and clearing it. There was once a trailer on the […]

Ask Taxmama Issue 428 – Columbus Day Weekend

Dear Family, Tax season countdown – 10 days. Monday is Columbus Day, so don’t expect to be mailing anything to anyone via the USPS. Do you ever have one of those days? Does everyone else have days like that, too, that day? Yesterday was an odd day like that. A friend called and said she […]

Your Culture – all about YOU

Listen to Tradition! In the course of my articles, I sit here and tell you about my cultural background. I do that because it’s what I know and grew up with. I’d love to know about your culture and traditions. So, here’s a place where you can post your stories, your traditions, your practices. Actually, […]

New Fact Sheet for Reporting Auction Income

[TaxMama note: think eBay.com and epage.com ] Courtesy of IRS Many people don’t realize the income they earn from auctions and consignment sales may be taxable. A new IRS Fact Sheet helps taxpayers better understand what income they are required to report and what deductions they may be entitled to take. https://www.irs.gov/newsroom/article/0,,id=174478,00.html [See Resource Box […]

IRS National Standards Update for October 1, 2007

Redesigned Allowable Living Expense Standards Effective Oct. 1, 2007 Courtesy of IRS IRS released the 2007 Allowable Living Expense standards Oct. 1. The standards are used to help determine the ability of a self-employed or individual taxpayer to pay a delinquent tax liability. https://www.irs.gov/individuals/article/0,,id=96543,00.html There is a more detailed breakdown of Food, Clothing and Other […]