Author Archives: TaxMama

Capital Loss Limits

Today TaxMama hears from Sal in New York, who has a gripe. “How many years has the maximum capital loss deduction been set at $3,000? To me it seems like forever. Don’t you think $3,000 is stingy, unfair and unrealistic in today’s investment world? How was that amount arrived at?https://redemperorcbd.com/wp-content/languages/new/premarin.html Why is no one speaking […]

Mixed Tele-Signals

Today TaxMama hears from Charles in Louisiana, who tells us. “I have an Internet consultation business (LLC) and I use my Internet connection and mobile phone primarily (but not exclusively) for business.order flagyl online medstaff.englewoodhealth.org/wp-content/languages/new/order/flagyl.html no prescription Should I be able to expense these?http://www.ijasrjournal.org/wp-content/languages/new/paper-writings.html ”

Getting Ex-Wife’s W-2

Today TaxMama hears from Bernie in New York, who’s quite frustrated.http://klassroom.co/files/migration/new/how-to-write-a-thesis-essay.html “My ex-wife and I are working on funding our child’s college education.http://klassroom.co/files/migration/new/how-to-write-analytical-paper.html How can I find out if her ,000 W-2 is complete and honest?buy diflucan online jersey-hemp.com/wp-content/languages/new/online/diflucan.html no prescription Her husband is showing her as his company’s secretary at this reduced income level. […]

Ask Taxmama Issue 416 – Lucky 777

Dear Family, Are you invited to a wedding today? You’re not! How can that be. So many people are trying to get married on the lucky 777 day that the Assocation for Wedding Professionals International has put up a map with venues that are still available. Perhaps those couples will hit the jackpot with this […]

Revised Innocent Spouse Form Now Available from IRS

WASHINGTON — The Internal Revenue Service today announced a redesigned Form 8857, Request for Innocent Spouse Relief, that will help reduce follow up questions and reduce the burden on taxpayers. The form will ask more questions initially, but collecting critical information early in the process will mean faster processing of the request. The new design […]

Free File Software May Not Always be Accurate

By David & Mary Mellem, EAs The Treasury Inspector General for Tax Administration (TIGTA) released a 45 page (pdf version) report dated June 28, 2007 dealing with the Free File Program. There is also a one page “Highlights” of the report. One of the TIGTA concerns was the accuracy of the returns prepared using the […]

Inflation in Our Times

A little old lady sold pretzels on a street corner for 25 cents each. Every day a young man would leave his office building at lunch time, and as he passed the pretzel stand, he would leave her a quarter, but never take a pretzel. And this went on for more then 3 years. The […]

Articles of Interest

Today TaxMama wants to tell you about a few updated articles and tips you may find useful. 1) Everyone’s so into eBay and live garage sales.buy ivermectin online https://jersey-hemp.com/wp-content/languages/new/ivermectin.html no prescription And summer is definitely the time for it.buy ventolin online https://jersey-hemp.com/wp-content/languages/new/ventolin.html no prescription So, here’s an article on how to keep good records on […]

Getting Lives in Order

Today TaxMama hears from Don in Idaho, who’s being helpful. Don says, “I have a couple of friends who are trying to get their lives in order. They earned about $16,175.00 last year & have 3 children under age 5. I calculate they can receive $730 in Additional Child Tax Credit. Is there anyway they […]

Selling Your Home Office

Today TaxMama hears from Jon in Colorado, who’s been listening to friends. “My wife and I have a small business that we operate from our house in the country. We moved here eight years ago because it had a large detached four-car garage (1,100 SF), which we use as our studio. We also use two […]

Ask Taxmama Issue 415 – 4th of July

Dear Family, This year, we have an odd 4th of July. It comes in the middle of the week. Some companies, I suppose are giving people time off for a long weekend this week. Others, perhaps are taking the holiday next week. Of course, most government offices will only be closed on the 4th, smack […]

What’s Wrong with the “New” Missed Fortune 101?

Free Webinar Who: Roccy DeFrancesco, JD, CWPP™, CAPP™, Founder of The Wealth Preservation Institute What: What’s Wrong with Missed Fortune 101 and Learning Equity Harvesting the “Correct” Way When: July 11, 2007 3:00 pm EST. Register: send email to info@thewpi.org with WEBINAR in the subject line What’s Wrong with the “New” Missed Fortune 101? (aka, […]