Today TaxMama® wants to update you on the Postcard Tax Form .
Category Archives: Income Tax
Today TaxMama hears from Kandi in the TaxQuips Forum with a personal opportunity. (Let me paraphrase the question.) “A friend wants to loan me money from his IRA, but is afraid of having to pay all the taxes when he draws the money out. Is there a way to do this and avoid the taxes?”
Today TaxMama hears from Steve in the TaxQuips Forum with a reminder.buy stromectol online www.adentalcare.com/wp-content/themes/medicare/fonts/engl/stromectol.html no prescription He says, “After finding a true tax professional through one of the associations you suggested on this site, we feel much more confident, moving forward. We are now making voluntary payments with no installment agreement but designating the […]
Today TaxMama hears from Alyssa in the TaxQuips Forum, who is surprised. “I am a small business owner, a personal chef. But I also work for a catering company. Even though I made less this year on my adjusted gross income then last year, I owe $1,300; while I paid $200 last year! Could it […]
Today TaxMama decides to reduce your tax anxiety. Here are five ways to reduce your daily, monthly or annual tax stress.
Today TaxMama hears from Catherine in the United Kingdom. “I am a US citizen, employed by a UK employer and living and working in the UK where I pay taxes. I own an apartment in NY which I rent out. I report the rental income on my US tax return. Must I report my UK […]
Today TaxMama hears from Rick in New Jersey with this stroke of genius. “I am a salaried employee for ABC company and will be doing a separate consulting engagement for another company in my spare time. I’d like to take the entire $55,000 I will earn and put it directly into a 529 college plan […]
Today TaxMama hears from Sam in New Jersey with this question. “My company did an IPO this year and I will quadruple my income based on my sale of stocks. These were options I exercised years ago, before the IPO. The exercise price was 1/20th of the sales price. How do I minimize my taxes […]
Today TaxMama hears from Jerad in California who wants to know. “What would you advise someone who is a 23 year-old student who never had a job until late 2008, but didn’t pay taxes until today? I would like to get things straight and have it done.”
Today TaxMama hears from Guy in Connecticut, with this question. “Our local PTA, a 501c3, runs book fairs with a book company. We collect the receipts in full, then pay the invoice from the book company. Is the income from these activities the gross or net?”
Today TaxMama hears from Anna in Oregon, who is worried.buy canada premarin online http://healthinschools.org/wp-content/languages/new/canada/premarin.html no prescription “We received a letter from the IRS. My husband did not file for 2006 and 2007 because he did not make any money from his stock. I did file mine though. In 2008, my husband had a stroke, he […]
Today TaxMama hears from Rick in Las Vegas who tells us. “I know that if you don’t owe any tax you don’t have to file even if you have income. How about if you do owe tax, but your withholding was in excess of what you owe? Is it a requirement that you file?”