Father O’Malley answers the phone. ‘Hello, is this Father O’Malley?’ ‘It is!’ ‘This is the IRS. Can you help us?’ ‘I can!’
Category Archives: Donations
Today TaxMama® hears from Paul in the TaxQuips Forum who wants to be generous. “I am considering allowing the use of my horse barn to a non-profit horse rescue organization. This group has several rescued horses that need care and would like to board the horses on my property. Can I take advantage of this […]
Today TaxMama® hears from Jenenne in the TaxQuips Forum with this sad story. “At my husbands job they just found out that a fellow employee has been given 3-5 months left to live. The doctors say nothing can be done for him. Everyone is scrambling trying to get some money together for him to be […]
Courtesy of the Internal Revenue Service WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following: Special Charitable Contributions for Certain IRA Owners This provision, currently scheduled to expire at the end of […]
Today TaxMama hears from Bill in the TaxQuips Forum, who is carrying a heavy load. “My wife and I pay almost $150k per year in Federal taxes and another almost $50k in state income taxes with most of it coming from W2 earnings. I’m really tired of paying this much money to those in government […]
Today TaxMama hears from K Syl in the TaxQuips Forum, who has a fun idea. “I have an Internet marketing business – a blog on comic books. The blog will have links for ordering comics to generate income on the blog and Pay Per Click ads. Large portions of the site will be devoted […]
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