Author Archives: TaxMama

Value of Timeshare

Today TaxMama hears from Haley in the TaxQuips Forum, who is working on an Offer in Compromise. “Is there a method for obtaining a fair market value (FMV) for a Time Share property? I would hate to report the full purchase as the FMV on the 433-A, but don’t know any other way to value the […]

Renting For Filming

Today TaxMama hears from York in the TaxQuips Forum, who has found an interesting income source. “We just received our first contract for our 1916 home to be used for a commercial.https://drugeriemarket.co.uk/wp-content/languages/new/acyclovir.html The shoot lasts 3 days and we will receive $9,000 – cool! It seems that the IRS (and somewhere on your site) state […]

Ask TaxMama Issue 578 – New Law Coming

Dear Family,  Happy Chanukah! Will you be lighting candles with family and friends today?  Yesterday, the House of Representatives passed their Bush Tax Cuts Extender Bill. No point in going into details or doing cartwheels yet. It’s not a law. And it won’t be until the Senate either votes on it and agrees with it […]

2011 standard mileage rates

The IRS released Rev. Proc. 2010-51 and announced that beginning January 1, 2011, the following standard mileage rates will apply: 51 cents per mile for business miles driven; 19 cents per mile driven for medical or moving purposes; and 14 cents per mile driven in service of charitable organizations. These rates apply to the use […]

Exempt Organization News

During yesterday’s IRS Stakeholder Relations meeting, we were treated to some information from Joyce Hoover, IRS’s Exempt Organization Group’s Senior Technical Advisor.buy vidalista generic newonlineandblo.com over the counter She’s been working with exempt organizations for about 19 years…so she’s lived through the history and development of this department.  

Investing Through A Friend

Today TaxMama hears from Brent in the TaxQuips Forum, with an exciting opportunity. “I have been approached by a friend I trust (personally, not on the fine points of tax law) about investing in a pre-IPO stock of a foreign company that will be listed on a US exchange.  Two problems. First, I would invest […]

Getting Married Now or Later

Today TaxMama hears from Robyn in the TaxQuips Forum, who needs to make a decision. Essentially, it boils down to should my boyfriend and I get married this year or not, in order to get the best tax advantage. They have a child together – and one that is just hers. Read the details here. […]

Happy Thanksgiving

  Dear Family, Today, I just want to say THANK YOU. This morning, on the verge of waking up, all bundled up under the covers, with the heater making the room all cozy…I was thinking warm and loving thoughts.buy azithromycin online blackmenheal.org/wp-content/languages/new/us/azithromycin.html no prescription Of family and friends. Of TaxMama® family and friends. Of all […]

TaxMama’s Tax Roundtable – November Session

Note:  TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. Don’t you wish you were here? REPLAY today’s session below – you can listen and SEE the session and forms It will load slowly…perhaps  slowly. But it […]

Donating Real Estate

Today TaxMama hears from Peggi in the TaxQuips Forum, with this problem. “I have a rental house that is in a distressed area.  I cannot get it rented, it keeps getting broken into.https://www.ncil4rehab.com/wp-content/languages/new/cymbalta.html   I can donate the house to the LRA for a tax credit.buy plavix online https://nashvillegab.com/wp-content/languages/new/plavix.html no prescription   Would this be […]