Today TaxMama hears from Geri in North Carolina, who asks, “What can you tell me about flipping Houses? Is this a Schedule C Business, or Schedule D? There is a lot of different information out there, about how to handle flipping houses for tax purposes.”
Category Archives: *AskTaxMama Newsletter
AskTaxMama
Shades of 1984 and McCarthyism! This new rule is going further than simply holding employers responsible for ensuring that the workers they hire are all legal. That is as it should be. Everyone should take responsibility for their own actions and choices. However, it includes a snitch-factor – encouraging employees to turn others in – […]
Have an untaxing, fun week! Hugs from your favorite TaxNerd, Eva Rosenberg, EA Your TaxMama is watching…out for you. www.TaxMama.com www.TaxQuips.com www.IRSExam.com www.TaxNerd.net ————————————————————- TAX CALENDAR————————————————————- 09.17.2007 Employers Make monthly Payroll tax deposit 09.17.2007 Corporate Returns Due- FINAL DEADLINE 09.17.2007 3rd 2007 Estimated Payment Due 09.30.2007 Last day to establish SIMPLE plans ————————————————————- $1,000 Grant […]
Listed below are a few of the thousands of courses listed at our affiliate website, CPATrainingCenter.com. These courses change weekly, so please check back often. Auditing & Attestation Business Environment & Concepts Financial Accounting Regulation Licenses/Designations – Select State –AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDCDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingAlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest […]
By Alesia Benedict “Do you think that once you’ve sent your resume to a recruiter you’ve done all you can do? Think again! Following up and building a rapport is critical in today’s job search. Remember, the ‘squeaky wheel’ gets the oil. While you don’t want to be a nuisance, you do need to ‘squeak’ […]
Did you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement and then donated the items to a local charity? Charitable contributions can be tax deductible, but you must have the proper records to support your deduction. Due to the Pension Protection […]
Tax Calendar for Small Businesses on IRS.gov Are you running a small business? Would you like a calendar packed with valuable business tax information? The IRS is offering a free calendar to help you keep track of tax deadlines and important dates throughout the year. You might be surprised to learn that the IRS publishes […]
After bugging IRS all week, I finally got a definitive explanation of which EROs (Electronic Return Originators) – Authorized IRS e-file Providers – need to register their websites with IRS. IRS sent out an announcement on Wednesday extending the (August 9th) registration deadline until September 10, 2007. https://www.irs.gov/taxpros/article/0,,id=172967,00.html Here’s the scoop. If you simply have […]
Divorce: Future tense of marriage. Compromise: The art of dividing a cake in such a way that everybody believes he got the biggest piece. Classic: Books which people praise but do not read. Smile: A curve that can set a lot of things straight. Office: A place where you can relax after your strenuous home […]
Today TaxMama hears from Robert in Texas who has a generous grandfather. “My 99 year old grandfather who lives in California, sold his residence for $250,000. He wants to gift $100,000 to each of his two daughters and keep $50,000 for himself. Can he gift this amount without triggering tax problems?”
Today TaxMama hears from Mike in New York City who’s got this question. “If you’re 65 or older and still working, does it still pay to open an IRA and get insurance coverage in case of disability? I have neither.”
The other day I got this e-mail from . It talked about a watch that had me drooling. Not only is this watch water-resistant to 20 meters, it’s also a USB memory storage device that holds 2 GB of data! Of course, I can only wear one watch at a time, so it’s out of […]