Category Archives: Investments

Income From Stocks

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 […]

Roth Reinvesting Error

Today TaxMama hears from Sylvia in Texas with a problem. “In 1998 my husband converted his IRA holdings to a Roth account. The brokerage company continues to place dividends in a MM account saying they have no record of his wanting the dividends reinvested and it’s too late now.https://www.ncil4rehab.com/wp-content/languages/new/lasix.html Unfortunately, our records were on thermal […]

Forced Sale of Stock

Today TaxMama hears from Tim in Seattle, with an interesting question. “Suppose a person owns stock in Company A that subsequently goes private. They are forced to sell their stock in Company A.https://libertyjuice.com/wp-content/languages/new/priligy.html Is there a way to defer taxes on the involuntary conversion of company A’s stock by reinvesting the proceeds in other stocks […]

Required Minimum Distributions

Today TaxMama hears from David in Arizona who has a good imagination.buy prednisone online https://taxmama.com/wp-content/forum/styles/new/prednisone.html no prescription http://wuafterdark.com/wp-content/languages/new/the-best-day-of-my-life-essay.html “When required minimum distributions for standard IRA accounts begin, can distributions be transferred to Roth-IRA, considering no wage income is available for the year of transfer?http://wuafterdark.com/wp-content/languages/new/hire-someone-to-write-a-paper.html ”

IRS Issues Guidance on New Build America Bonds

IR-2009-33, April 3, 2009 WASHINGTON — The Internal Revenue Service today issued guidance on the new Build America Bond program. This program allows state and local governments to issue taxable bonds for capital projects and to receive a new direct federal subsidy payment from the Treasury Department for a portion of their borrowing costs. The […]

Do Gifts Work Like IRAs

Today TaxMama hears from Steve in Indiana with this question. “Does the gift tax exclusion work like an IRA?https://isihealthone.com/wp-content/languages/new/vibramycin.html In other words, can a gift for 2008 be made in 2009 as long as it’s made before the filing of 2008 tax returns, or some other marker of time?”

Huge IRS Bill

Today TaxMama hears from Jeff in Massachusetts, who tells us. “I just received a notice from the IRS for 2007 claiming I owe $35,000 in additional taxes. After picking myself up off the floor, I looked at my 2007 return and realized my mistake was failing to file a schedule D showing that the gain […]

Investing in the US

Today TaxMama hears from Fredrik in Mexico, with this question. “I’m a German citizen living in Mexico with no intention to move to or to live in the US.https://drugeriemarket.co.uk/wp-content/languages/new/neurontin.html But I would like to invest in the US. Do I need a ITIN number?”

Offsetting Capital Losses

Today TaxMama hears from Praveen in North Carolina, who asks. “Can I deduct gains from a rental property sale against my capital loss carryovers from stock sales?https://theteacherpreneur.com/wp-content/languages/new/where-to-buy-papers.html ”

Five Important Changes for Taxpayers

Here are a few tax law changes you may want to note before filing your 2008 federal tax return: 1. Expiring Tax Breaks Renewed The following popular tax breaks were renewed for tax-years 2008 and 2009: Deduction for state and local sales taxes on Form 1040 Schedule A, Line 5 Educator expense deduction on Form […]

Avoiding Incorrect Self-Employed Retirement Deductions

FS-2008-24, July 2008 Retirement plans are not just for big businesses. They are also available for sole proprietorships. If you are self-employed small business owner, you can set up a qualified retirement plan for yourself and your employees. If you are a sole proprietor, you can deduct contributions you make to the plan for yourself. […]