Author Archives: TaxMama

Coining A Phrase – OK, Old Phrases

“FENDER SKIRTS”. A term I haven’t heard in a long time and thinking about “fender skirts”started me thinking about other words that quietly disappear from our language with hardly a notice like “curb feelers” And “steering knobs.” (AKA) suicide knob. Since thinking of cars, my mind naturally went that direction first. Any kids will probably […]

Serial IRA Rollovers

Today TaxMama hears from Steven in NJ who is totally bewildered by a friend’s behavior. Here’s the long story. “My friend has about half a million dollars in an IRA account. He took a distribution of $50K from the account and told the bank it was a rollover. Before the 60-day rollover deadline, he sent […]

IRS Levy

Today TaxMama hears from Mike in Arizona who has this problem.buy premarin online nouvita.co.uk/wp-content/languages/new/uk/premarin.html no prescription https://www.richereducation.co.uk/wp-content/languages/new/copy-editing-service.html “I have a notice of levy for three years of back taxes. I can’t afford full payment but can send about $300 per month to keep them satisfied. “

Rotary Scholarship

Today TaxMama hears from Leah in New York with great news. “I’ve won a Rotary Scholarship and will study for a Masters degree in Italy beginning this fall. Is any or all of the scholarship taxable? The scholarship covers tuition as well as a room & board stipend, airfare, and tuition for a language school. […]

AudioAcrobat Training – How to add audio and video to your website

Listen here: taxmama.AudioAcrobat.com/note/C0591QcQ Here are your upcoming AudioAcrobat training choices: Wednesday – June 27, 2007 Basic Training…75 minutes 2:00 PM Eastern Time (EST) 1:00 PM Central Time (CST) 12:00 Noon Mountain Time (MST) 11:00 AM Pacific Time (PST)————————————————— Podcasting and Video…75 minutes Please have an audio recording for this class 7:00 PM Eastern Time (EST) […]

Advertising On Your Car

Today TaxMama hears from Natasha in Florida who has a great idea.buy canada vardenafil online http://healthinschools.org/wp-content/languages/new/canada/vardenafil.html no prescription “Do you know if there are any tax benefits for using your vehicle as advertising? We may purchase a hybrid for our sales related business and plan on wrapping the entire car in our logo etc.buy diflucan […]

Ask Taxmama Issue 414 – Summer is Here

Dear Family, Ah, what a very busy week. Time flies when you’ve got so much to fill it. It’s my mother’s birthday this weekend and we’re taking her out. Naturally, she no longer counts the years and doesn’t want a celebration. But… She’s finally, essentially retired and has little to do to fill her days. […]

IRS Issues Spring 2007 Statistics of Income Bulletin

WASHINGTON — The Internal Revenue Service today announced the release of the spring 2007 issue of the Statistics of Income Bulletin. Highlights include articles on high-income individual income tax returns, taxpayers reporting noncash contributions, farm proprietorship returns, qualified zone academy bonds, international boycott reports and S corporations. The article on farm proprietorship returns is the […]

Shopping by the Numbers

My father was completely lost in the kitchen and never ate unless someone prepared a meal for him. When Mother was ill, however, he volunteered to go to the supermarket for her.buy xifaxan online www.epsa-online.org/wp-content/languages/new/prescription/xifaxan.html no prescription buy canada orlistat online http://healthinschools.org/wp-content/languages/new/canada/orlistat.html no prescription She sent him off with a carefully numbered list of seven […]

Tax Bankruptcy That Wasn’t

Today TaxMama hears from Gina in San Diego who tells us. “I filed bankruptcy in 2005, hoping to clear back taxes. All taxes had been filed and assessed. However, my back taxes went untouched by the bankruptcy. Had I known that would occur, I would not have filed. What went wrong?”

1040EZ-T Quickie

Today TaxMama had an interesting adventure after hearing from Mike in New York who asks. “Can the Form 1040EZT be filed after April 17, 2007” [Note: That’s the quick refund form for individuals to claim the Telephone Tax Excise Credit.]

Building a 1031 Exchange

Hi! It’s TaxQuips time from TaxMama.https://www.richereducation.co.uk/wp-content/languages/new/buy-papers.html com. Today TaxMama hears from Sandy in Alabama who tells us.buy azithromycin online mannadew.co.uk/wp-content/languages/new/uk/azithromycin.html no prescription “I want to sell a rental house via a Sec 1031 exchange. Then I want to use the money, which will be in my attorney’s account, to add on to another rental house […]