Author Archives: TaxMama

Insolvency and COD

Today TaxMama hears from Katherine in the TaxQuips Forum, who gets it.https://www.thescanfoundation.org/wp-content/languages/new/viagra.html “I settled a debt today and am doing a list of assets and liabilities. My question is about assets “Interest in a pension plan.” My husband has been receiving an annuity retirement check for about 20 years. How would we know the value […]

One Business or Two?

Today TaxMama hears from Paula in the TaxQuips Forum, who has a question. “We have one “established” business that has been in operation since 2005.  In 2010 we started a new business (another S Corp) and our first business funded the start up fees and expenses for the new business in 2010.  The new business […]

Help the US Deficit – Don’t Ever File Your 2007 Tax Return!

Video: How to Request a Copy Your Tax Return: English IRS Has $1.1 Billion for People Who Have Not Filed a 2007 Income Tax Return WASHINGTON — Refunds totaling more than $1.1 billion may be waiting for nearly 1.1 million people who did not file a federal income tax return for 2007, the Internal Revenue […]

Taxable Relocation Benefits

Today TaxMama hears from Sarah in the TaxQuips Forum, who recently moved. “In June I started a new job. The company paid for the relocation and provided an allowance for getting started. I received information from the relocation company, which broke down the payments as non-taxable and taxable. I have about ,500 in Taxable Grossed-Up […]

TaxMama with Jim Blasingame on The Small Business Advocate Radio Show

Last Friday saw Eva joining Jim Blasingame on his radio show at The Small Business Advocate to discuss important upcoming Tax dates for 2011. Find interviews with Small Business experts on the Small Business Advocate show Eva is a regular guest on Jim’s show; catch some of her recent interviews here: TaxMama on Small Business […]

Home Office or Rent

Today TaxMama hears from Leslie in the TaxQuips Forum, who is quite clever.buy acyclovir online gilbertroaddental.com/wp-content/languages/new/generic/acyclovir.html no prescription “I am helping a friend out with her business.  She currently takes a deduction for having a home office for the company that she runs out of her home. Would it benefit her more to charge the […]

Ask TaxMama Issue 589 – Black History Month

 Dear Family,   This is the end of black history month. When I was in school, African-American studies were not a significant part of our curriculum. It didn’t matter though, because history was being made all around us at the time. Lots of great, good and bad things took place during my school years from grade […]

Black History Month

This is the end of black history month. When I was in school, African-American studies were not a significant part of our curriculum. It didn’t matter though, because history was being made all around us at the time. Lots of great, good and bad things took place during my school years from grade 4 through […]

IRS Holds Saturday Open Houses on Feb. 26 and March 26 to Help Taxpayers

WASHINGTON — The Internal Revenue Service announced today that nearly 100 IRS offices will be open on Saturday, Feb. 26, and Saturday, March 26, to help taxpayers. The location of participating offices is listed on IRS.gov. “We are opening our doors on these Saturdays to help taxpayers who may not have a chance to seek […]

Pass the Biscuits

When I was a kid, my mom liked to make breakfast food for dinner every now and then.  And I remember one night in particular when she had made breakfast after a long, hard day at work. On that evening so long ago, my mom placed a plate of eggs, sausage, and extremely burned biscuits […]

Lost Down Payment

Today TaxMama hears from Somsak in the TaxQuips Forum, who is hurting, badly.buy azithromycin online https://jersey-hemp.com/wp-content/languages/new/azithromycin.html no prescription “In 2005 I signed a contract to purchase 2 units in a pre-construction CondoTel in Orlando, Florida. I submitted a 20% down payment of $211,960. In 2008 the project was completed, but only 47 out of 260 investors could close […]