Category Archives: Death

TaxMama’s Tax Roundtable – February 2011 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.buy neurontin online blackmenheal.org/wp-content/languages/new/mg/neurontin.html no prescription https://mannadew.co.uk/wp-content/languages/new/veklury.html […]

Is This Taxable Income

Today TaxMama hears from Karen in California in the TaxQuips Forum, who tells us.https://www.giveapint.org/wp-content/languages/new/furosemide.html   “My father died from lung cancer that was determined to be caused by job conditions. My brother and I may be receiving a one-time survivors benefit compensation check for a large amount of money. Will this be taxable income?”

Step Up Basis Adjustment

Today TaxMama hears from Rob in the TaxQuips Forum, who couldn’t get IRS to answer him.  “I am adjusting a 2006 return using the 3115 Form per your guidance.  The Real estate is 1974 property where we used ACRS, 125% and 20 years.   For the step-up do I have to use MACRS lives and methods?”

TaxMama’s Tax Roundtable June 2010

    REPLAY today’s session – you can listen and SEE the session Today’s topics included: Introductions of some participants Testing of microphones ;~) Questions about the new PTIN Registration Brief overview of the new Testing issue for “Registered Tax Preparers”. NAEA’s survey about the Enrolled Agent title – and changes.buy synthroid canada http://healthinschools.org/wp-content/languages/new/canada/synthroid.html no prescription Discussion […]

No Profit in Waiting For God

  After a major storm, a flood had overtaken the town. As the flood waters were rising, a man was on the stoop of his house and another man in a row boat came by. The man in the row boat told the man on the stoop to get in and he’d save him. The […]

Settlement for Vioxx ®

Today TaxMama hears from Lenora in Arkansas, who tells us. “Some friends of mine lost their mother due to taking the drug Vioxx® . She died due to complications from taking the drug. Her sons filed suit and are due for a pretty good sum of money. Is that settlement money taxable?”

Personal Residence Exclusion

Today TaxMama hears from Nony in California who wants to know. “My parents recently moved to a retirement community and were preparing their house for sale. Mom just died – the house was not yet on the market. Does Dad still get the $500K capital gains exemption or only $250K since Mom died before the […]

Storing Dad’s stuff

Today TaxMama hears from Sandra in California, who tells us. “I have a client that inherited a house from her father. She kept it as a rental income property. She cleared out all of his possessions from the property and put them in storage. Now she wants me to categorize the on-going storage expense as […]

NJ Executors Fee

Today TaxMama hears from Barbara in New Jersey, who says. “I am the executor of my mother’s estate in NJ. I would like to take the executor’s fee that I am entitled to. I am trying to find out if her home that was just sold is considered an estate asset (that I can include […]

Decedent 1099-C

Today TaxMama hears from Thomas in Maryland who tells us.buy canadian stromectol online https://mabvi.org/wp-content/languages/new/canadian/stromectol.html no prescription “I was legally separated from my spouse 3 years ago. My spouse passed away 2 years ago. I just received a 1099-C tax statement addressed to her estate.https://libertyjuice.com/wp-content/languages/new/propecia.html Since I was legally separated, am I obligated to report the […]

Selling Building

Today TaxMama hears from Oscar in Michigan who says, “I have a friend who wants to sell a commercial building that has been fully depreciated. She and her husband were co-owners of the building. Her husband died in 2001 when the building was appraised at $400,000.00. She is of the opinion that the appraised value […]