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Author Archives: TaxMama
The office is closed. TaxMama is off for much needed medical care. Be back in about two weeks. Stand by!
Today TaxMama® hears from Michele in the TaxQuips Forum, with this question. “My client files MFJ with a son. The son made $1,237 on a W-2 and he received a K-1 with $137 in box one (business income) and $1,832 in the self-employment box. Does a K-1 qualify as investment income? Will the parents be […]
Today TaxMama® hears from Farmer in the TaxQuips Forum, with a reasonable question. “Can you take a deduction of Mutual Fund operating expenses (12b fees?buy lexapro Canada http://healthinschools.org/wp-content/languages/new/canada/lexapro.html no prescription buy clomiphene online https://www.mobleymd.com/wp-content/languages/new/clomiphene.html no prescription ) on Schedule A, subject to the two-percent floor?buy clomid online https://www.mobleymd.com/wp-content/languages/new/clomid.html no prescription ”
Today TaxMama® hears from Chell in the TaxQuips Forum, with an interesting question. “Can someone take an educational credit for books and Fees while they are taking a class in a foreign country?buy norvasc generic infoblobuy.com over the counter Plus without a proper address to fit into the tax software, the tax return will not […]
Look at that, it’s Purim in February. (Usually happens in March.) My favorite holiday. This is the only Jewish holiday that celebrates the accomplishment of a woman. Queen Esther’s courage saves the lives of the Jews in Persia (now Iran) sometime around the 3rd century BCE. Not only is this about a strong woman, this […]
Courtesy of the IRS WASHINGTON — The Internal Revenue Service today reminded parents and students that now is a good time to see if they qualify for either of two college education tax credits or any of several other education-related tax benefits. In general, the American opportunity tax credit, lifetime learning credit and tuition and […]
Courtesy of the IRS [TaxMama Note: Seriously, this is important. I am getting THOUSANDS of emails like this each week. Also emails from companies offering to magically solve your tax problems. BEWARE. If you didn’t initiate a relationship – stay away from them. They will steal your identity – or worse.] The IRS receives thousands […]
Two traveling angels stopped to spend the night in the home of a wealthy family. The family was rude and refused to let the angels stay in the mansion’s guest room. Instead the they were given a small space in the cold basement. As they made their bed on the hard floor, the […]
Today TaxMama® hears from Scarulli in the TaxQuips Forum, with a good question. “My husband was critically ill and hospitalized for a month in 2012. I visited him daily (sometimes more often) as that was the only way I could get information from his doctors relating to his condition.buy temovate online cpff.ca/wp-content/languages/new/mg/temovate.html no prescription Can […]
Today TaxMama® hears from Yimmy in the TaxQuips Forum, who wants to know. “I moved into a newly constructed home in Oct.https://www.giveapint.org/wp-content/languages/new/propecia.html 2012. Are the sales taxes paid on the construction materials used in building the home tax deductible?buy cipro online www.mabvi.org/wp-content/languages/new/usa/cipro.html no prescription The home is in Georgia.”
Today TaxMama® hears from Paul in the TaxQuips Forum, who says. “On my W-2 why does Code W say “Employer contribution to HSA” when it is the employee who made the contributions?https://www.natas.co.uk/dev/wp-content/languages/new/personal-statement-writer.html ”