Today TaxMama hears from Jean in New Jersey, who asks “Does a non-profit organization have to pay into unemployment compensation.”
Author Archives: TaxMama
Today TaxMama hears from Angela in Illinois, “I work in a salon and my boss is charging a 10% fee, or as he calls it “administration fees”, for us to receive tips on a credit card. Then our tips are given to us in our paycheck bi-monthly. So we are being taxed twice. I have […]
Today TaxMama hears from Jackie who has this problem, “I got a bill from IRS for 2002 taxes. They say I owe $22,000. But I learned that they do not have all my W-2 withholding credited. How long do I have to file an amendment? And should I hire a tax attorney?”
Today TaxMama hears from Lorrie in New York who just got a sudden shock, “My divorce settlement of 2004 clearly states that neither party can make a claim for maintenance or spousal support. I do get 1/2 the net of my former husband’s retirement pension. The State deducts our taxes on the full amount, before […]
Today TaxMama hears from Betsy in San Francisco, who wants an in-depth tax planning for free! “I’m planning to start an Internet business. I live in CA and will be working from my home. I want to create a NV LLC for the asset protection reasons you mentioned in Nevada LLC show. And, if the […]
Yesterday we talked about the tax-free life. Today TaxMama hears from Mary in CT, who feels overtaxed. She says, “Can you explain the AMT. How does one qualify for it? My husband and I have a decent combined income (we work long days and my husband works two jobs) but we also pay a bundle […]
Today TaxMama hears from Gaetano in Pennsylvania, who asks “If an individual purchases an old home with the intention of fixing it up (significantly or substantially) and then turning it over (selling it), is this treated as a capital gain asset or as ordinary income? The individual is not in the construction business but works […]
Today TaxMama hears from Gary in Missouri, who tells us “I am a retired military man and the judge gave my ex-wife one half of my retirement check…actually, I lose 55%, including child support. Is any of that deductible from my taxes?”
A few weeks ago, we talked about changing IRS collection policy when it comes to divorced couples who owe a joint tax debt when they end their marriage. You can read the details here. https://taxtwist.com/article.php?varset=s:13-pm:p-se:265-e:69-a:136&SessId= Since all the questions I am getting this week relate to tax bankruptcy (MSN must have re-released that old article) […]
Today TaxMama hears from Ken who asks. “My wife was in a small fender bender that we did not report to the insurance company. We paid for the repair ourselves ($2000). Is this deductible on my tax return?”
Today TaxMama hears from John in New York, who has this complaint. “I have two IRS lien releases that were sent to NYC register’s office for official filing on their ACRIS website records. They have failed to add them to their database, despite two visits to registers office. Now, they want $40 from me and […]
Today TaxMama hears from Muriel in Tulsa, OK who tells us. “We sent a funeral flower wreath to a work colleague, who not an employee. Is this considered a gift? Can it be a business deduction?”