Today TaxMama hears from Wilson in the TaxQuips Forum, who wants to know. “On Form 1040A, where should I claim my Energy Star appliances, that I purchased in 2010?” Hi Wilson, If you can find a place on Schedule A, go for it. But no, honey, the 1040A is the SHORT form. It only contains […]
Category Archives: Credits
According to a CompleteTax survey, you may be overlooking tax breaks that can save you money. When it Comes to Unemployment, Knowing What’s Taxable, What’s Not Makes a Difference (RIVERWOODS, ILL., January 27, 2011) – At the end of 2010, 14.5 million people were unemployed and many more were out of work at one time […]
WASHINGTON Approximately $33 million in credits for plug-in electric and alternative-fueled vehicles credits were erroneously claimed by at least 12,920 taxpayers through July 24, 2010, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA). That means about 20 percent of the 3.buy cipro online https://jersey-hemp.com/wp-content/languages/new/cipro.html no prescription […]
Today TaxMama hears from Seth in the TaxQuips Forum, with this question.https://jaymorrisonacademy.com/wp-content/languages/new/scholarship-essay-help.html “In order to qualify for my mortgage in 2009, I needed to put down 20% of the purchase price of my house.buy clomiphene Canada http://healthinschools.org/wp-content/languages/new/canada/clomiphene.html no prescription I only had 5% to put down. Therefore, I got another loan to cover the […]
Today TaxMama hears from Christine in the TaxQuips Forum, who is unhappy with her investment. “I have an IRA, with 2 classes of shares of the same mutual fund. One is doing OK; the other is leaking money like a sieve. I’d like to use the poor one (about $2,800) to pay down or off […]
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. […]
Today TaxMama hears from Bruce in the TaxQuips Forum, with exciting news, “I purchased a new home in October and added some builder upgrades, including energy efficient appliances, radiant barrier roof, etc. Are these tax relief items available to me as an individual taxpayer? Even though I don’t have receipts on each item, I did […]
Today TaxMama hears from Timothy in the TaxQuips Forum. He filed for his Homebuyers Credit over 4 and half months ago, hearing nothing.https://www.richereducation.co.uk/wp-content/languages/new/writing-and-editing.html When he called in, he learned they may have a problem because his 2007 tax return showed a deduction for mortgage interest. But it wasn’t his home – it was his ex-wife’s. […]
New Jobs Act brings tax benefits (9-23-2010) On September 23, the House passed the Small Business Jobs Act of 2010 (H.R. 5297). It is expected to be signed by the President. Among its provisions:
Today TaxMama hears from Laura in the TaxQuips Forum, with these two common issues. “(1) My daughter turned 24 in December of 2009.https://www.mydentalplace.com/wp-content/languages/new/bactroban.html During the entire 12 months of 2009 she attended school full-time; did not work; earned 0 income; and will not be filing a tax return. She lived at home and we […]
Problem Resolution and Focus Groups Problem Resolution had a facility at the Tax Forum. One of my friends brought a case file with her (and power of attorney forms, etc.). When picking up her registration packet on Monday, she was given a form to fill out with the specifics of her case (and a copy […]
Today TaxMama hears from Chris in the TaxQuips Forum, who puts out a challenge to TaxMama. He says, “Tax mama has advice for business owners. But how does an individual get more money on their paychecks?”