Author Archives: TaxMama

Gift and an Exemption

Today we hear from Tracy in Florida who’s quite unclear. (Every once in a while, I like to show you an unedited question. See if you can figure out what she is asking.) “If you make $65,000 and you have a gift receipt for $90,000 (something you gave, not you were given) claim one dependent, […]

Handyman’s Qualifications

Today we hear from Rachel in Texas who’s annoyed. “I am trying to figure out how to verify if a company really exists and is paying taxes. My homeowners association pays, what until now, I thought was a single handyman. But when I asked for his qualifications they stated that he worked with a company. […]

Forged 2005

Today we hear from Veronica in New York who has this story.buy flagyl Canada http://healthinschools.org/wp-content/languages/new/canada/flagyl.html no prescription “I received a letter from IRS requesting $2,800 for 2005. I was married in 2005, but left my husband on September 1, 2005 and haven’t been back since.https://www.thebesthealthnews.com/wp-content/languages/new/strattera.html I filed my own separate income tax for year 2005 […]

Ask Taxmama Issue 426 – Repent, Harlequin

Dear Family, Looking for a heading for this week’s issue, since tonight is Yom Kippur, naturally the word ‘repent’ comes to mind. But if you’ve ever read Harlan Ellison’s Hugo-award-winning story, you can’t think of the word ‘repent’ without also following that word with ‘Repent, Harlequin!’ Said the Ticktockman. (Ooooh…I just learned that you can […]

IRS to Launch New National Research Program Study in October

September 12, 2007 – Reminder from IRS The Internal Revenue Service is starting a new National Research Program (NRP) reporting compliance study for individual taxpayers that will provide updated and more accurate audit selection tools and support efforts to reduce the nation’s tax gap. This new NRP study, which begins in October 2007, will be […]

Special Web Section for Homeowners Who Lose Homes; Foreclosure Tax Relief Available to Many

Courtesy of IRS IR-2007-159, Sept. 17, 2007 [TaxMama note: This is a resource we requested from IRS at a Stakeholder meeting earlier this year. IRS put it together quickly, in view of all the sub-prime loan defaults. Incidentally, you will also find some simplistic formulae to help with your computations of the tax effects.] WASHINGTON […]

Excessively Effusive?

This Week’s Advice: “Are you overdoing it with adjectives and modifiers in your resume? A resume with too many adjectives, especially entire strings of them, is worse than a resume with little or no description. Double check that you have no more than two adjectives together in a sentence and be sure to remove sentences […]

Do You Ever Have one of Those “I Hate My Job” Days?

When you have an “I Hate My Job” day, try this: On your way home from work, stop at your pharmacy and go to the thermometer section and purchase a rectal thermometer made by Johnson & Johnson. Be very sure you get this brand. When you get home, lock your doors, draw the curtains and […]

California Liening

Today we hear from Raj in San Jose, CA who’s got this question “The FTB assessed taxes in 2002 because of stocks I sold.https://alvitacare.com/wp-content/languages/new/synthroid.html I didn’t make money on those stock transactions, so I didn’t bother to file. FTB attached the proceeds from the sale of my home in 2005.buy flagyl online redemperorcbd.com/wp-content/languages/new/prescription/flagyl.html no prescription […]

Designer Commission

Today we hear from Cliff in New York who is irked. “I believe it’s usual that, in addition to payment for time, designers charge 25% commission on supplied items such as furniture. A designer I approached is suggesting a contract that includes 25% commission also on the sales tax on these items.buy canada prednisone online […]

Forex Loss

Today we hear from Charles in Novato, CA who’s got a question. “We lost ,000 last year in the Foreign Exchange market.buy generic amoxicillin online blackmenheal.org/wp-content/languages/new/buygeneric/amoxicillin.html no prescription https://www.cinewebradio.com/wp-content/languages/new/how-to-do-homework.html Can we write off some or more of this loss?“

Common Law Marriage in South Carolina

Today we hear from TR in South Carolina who’s apprehensive, “I just found out that the Common Law Marriage Law has changed in South Carolina as of January 1, 2006.buy xifaxan online pharmacohealthcare.com/wp-content/themes/twentysixteen/inc/engl/xifaxan.html no prescription We have been filing “Married” for the 2005/2006 tax seasons. Since the law has changed and requires a marriage license… […]