Today TaxMama hears from Michael in Alpine, NJ who tells us, “I have several UGMA accounts opened for each of my children many years ago when they were minors.https://theteacherpreneur.com/wp-content/languages/new/write-my-essay-for-cheap.html Today they are all over 21 and I’d like to retrieve the holdings in each account without incurring any tax or IRS wrath.buy temovate online […]
Author Archives: TaxMama
Today TaxMama hears from Sara in Kirkland, WA who asks, “My parents have a debt to the IRS for back income taxes. They have tried an Offer in Compromise twice and been rejected. The incident is now about 20 years old, and they have given up hope of ever paying it off. I think they […]
Today TaxMama hears from Bill in San Antonio, TX who says, “I have been told that replacing windows in your residence may result in a tax credit. Can you tell me whether energy saving improvements to a residence are tax deductible or if generates a tax credit? Where in the tax code is this addressed.”
Today TaxMama hears from Allison who’s a bookkeeper in Angola, IN.buy orlistat online https://taxmama.com/wp-content/forum/styles/new/orlistat.html no prescription She says, “I do the bookkeeping for 3 partners. They get paid by the mile for work they do and they split the money they make evenly each week.buy vibramycin online https://taxmama.com/wp-content/forum/styles/new/vibramycin.html no prescription They want to be paid […]
Today TaxMama hears from Mark in Scarborough, ME, who’s quite logical: “I’m self-employed and incorporated. I need frequent chiropractic treatments as a direct result of using computers a lot. The frequency of treatments required varies directly with amount of daily work at the computer. The back problems are caused by my work (chronic back fatigue). […]
Today TaxMama hears from Richard in McAllen Texas, who asks: “I am in the process of starting up a moving and packing business. It was my intention to purchase one or two used trucks—the type that the truck rental firms sell off after they have deprecitated them to their fullest. My question: Will used vehicles […]
Today TaxMama hears from Mark in Columbus, Ohio, who has this scenario: “A taxpayer buys 3 homes in a year. None are personal residences. The first is rented. The second is sold for a profit. The third is on the market “for sale”. The taxpayer is interested in continuing to buy and sell and rent […]
Today TaxMama hears from Rachel who appeals for help “Please help me figure out my status for next year’s taxes! My boyfriend and I plan to be married for commitment purposes. But I want to file as single because I don’t want my parents to find out my marriage status for the next 2 years. […]
Today TaxMama hears from Angela from Elk Grove, CA who demands to know “What rate is my employer required to pay mileage reimbursement to his employees?”
Today TaxMama hears from Alice in Montana who asks. “I am a writer, operating as a sole proprietor of a freelance writing and research business. I am nationally published, and have a 20 year tax history doing this. I am writing a children’s book about the dog I adopted and how he was transformed from […]
Today TaxMama hears from Janet in Anaheim, CA who is perplexed.https://www.natas.co.uk/dev/wp-content/languages/new/algebra-help-online.html “My husband’s business received a notice from the IRS. It said that a contractor’s taxpayer ID number on the 1099s we filed last year is incorrect. Now, IRS says I have to file a notice to the contractor within 15 days. But, this guy […]
Today TaxMama hears from Margaret. “My daughter’s boyfriend, with whom she lives, filed his tax return claiming my daughter and their child for the sake of the EIC. He expected to receive approximately $2000 back as a refund. Instead he received a notice from IRS that not only was he not getting his refund, but […]