Author Archives: TaxMama

Alimony – Un-Alimony

Today TaxMama hears from Mimi in Nashville, TN who asks, “My ex-husband paid me alimony for most of 2005, but quit paying in September and filed a Petition for Reduction. The court ruled in 2006 that he pay me the 2005 alimony retroactively.https://pavg.net/wp-content/languages/new/zithromax.html He has appealed. If he prevails on appeal, I will have to […]

Investment, Inheritance or?

Today TaxMama hears from Tony with this story, “My friend’s mother recently sold her father’s home (he is elderly). He gave her power of attorney to sign off on everything, and she kept the proceeds of the sale.* Would this house be considered inherited property, invested property, or anything else for my friend’s mother?buy prednisone […]

Rental Losses

Today TaxMama hears from Eileen in Portland, OR whose client was audited for her rental property, “IRS disallowed her ,000 rental loss claiming this is a Passive deduction for her.https://www.topsedu.xyz/wp-content/languages/new/build-my-resume-for-me.html IRS says she may deduct expenses only up to income on the property. True, she is not a real estate professional and she does have […]

Keeping Records

Today TaxMama hears from Susan in Houston, TX who wants to know, “How long do I need to retain my back up tax documents that support my tax return?https://www.ncil4rehab.com/wp-content/languages/new/zovirax.html

Do It Yourself Input Error

Today TaxMama hears from Allen in Wayne WV, who says, “I had three W-2’s with the same address and phone number, but different company names on them. So I used Turbo Tax at the last minute.buy vardenafil online https://healthcoachmichelle.com/wp-content/languages/new/vardenafil.html no prescription I added everything together on the wages line etc. I put all the W-2’s […]

Irate IRA Contributor

Today TaxMama hears from Ilene in St. Louis, MO, who says, “I was told I could not transfer securities from one account to a deductible IRA for my 2006 contribution.buy neurontin canada http://healthinschools.org/wp-content/languages/new/canada/neurontin.html no prescription https://diwa.gimpa.edu.gh/wp-content/languages/new/holt-online-essay-scoring.html Is this true?”

Generous Loan Unpaid

Today TaxMama hears from Ginger in San Leandro, CA, who tells us “We sold a $12,000.00 motorcycle to a friend. He was making $260.00 a month payments for 72 months. He moved to AZ and got into a wreck with the bike and the bike was totaled. Because he only paid 4 months out of […]

Divorce Issues

Today TaxMama hears from Tammy in Texas who tells us, “I got divorced last October. The QDRO account is still in the process of changing over. We split the assets and debts even though I did not have a job.buy amoxicillin online www.epsa-online.org/wp-content/languages/new/prescription/amoxicillin.html no prescription I am trying to pay bills and am unable to […]