Today TaxMama hears from Angela in Los Angeles, who tells us. “My friend got a form 1098-T . There is an entry of $11,200 in box 10 of her 1098-T. She has about $3,000 income from W-2. She is afraid to do her tax return because she thinks that amount from Box 10 of 1098-T […]
Category Archives: IRS Forms
Today TaxMama hears from Dave in Massachusetts who has this situation. “With my power of attorney, I pay my father-in-law’s care givers out of his funds. They work 10 hours a day, just about 365 days a year, since he has Alzheimer’s and diabetes. I will be filing his taxes, and plan to deduct the […]
Today TaxMama hears from Jan in Washington State who tells us.buy levaquin online http://everydaystarlet.com/wp-content/languages/new/levaquin.html no prescription “I am on the board of a Homeowners Association. We take in about $20,000 and our expenses are $14,000 leaving $6,000 to go for future road maintenance. We also earn about $1,500 in interest. Can we deduct depreciation for […]
Today TaxMama hears from Ron in Wisconsin who tells us. “I just got a job working full time for a salary of ,000 per year.https://pavg.net/wp-content/languages/new/synthroid.html My wife does not work. We have 4 kids at home. How many dependents may I claim on my W-4 to avoid losing a bunch of money every week in […]
Today TaxMama hears from George in California with this problem.buy propecia online www.pharmalucence.com/wp-content/languages/new/generic/propecia.html no prescription “What course of action can a company take if a payee, who has already been paid for services rendered, avoids or refuses to give his tax ID information (W-9) for 1099 tax reporting purposes?”
FS-2008-23, June 2008 The Internal Revenue Service reminds taxpayers to follow appropriate guidelines when determining whether an activity is engaged in for profit, such as a business or investment activity, or is engaged in as a hobby. Internal Revenue Code Section 183 (Activities Not Engaged in for Profit) limits deductions that can be claimed when […]
Today TaxMama hears from Mike in Michigan who says, “A past employer accidentally sent a 1099 to IRS for me when I actually had taxes withheld for the year 1999. Of course the IRS won’t listen to me. They continue to take my taxes anyway and want me to pay them off. I sent 3 […]
Today TaxMama hears from Barb in Kentucky who tells us, “I have a client that is hiring artists from Japan & Italy on a subcontracting basis. Is there any special thing that I need to be aware of in this case? He will pay them with a company check and we will issue 1099-MISCs.”
Today TaxMama hears from Dan in Texas who tells us, “My neighborhood just completed oil/gas lease with a local oil company.https://www.natas.co.uk/dev/wp-content/languages/new/editing-services-online.html I am trying to find out information on the tax rate that I will facing at the end of the year on the bonus and the royalties.”
Today TaxMama hears from David in North Carolina who wants to know. “If a self-employed taxpayer obtains a valid extension, then files a return before the extension deadline, can the taxpayer then establish and fund an SEP-IRA (before the extension deadline) and file Form 1040X to claim the deduction? Or does the extension end when […]
Today TaxMama hears from Bernie in Georgia who’s upset. “I filed an offer in compromise that was rejected. I prepared an appeal and took it to the IRS office, who stamped it received.https://www.playavistaorthodontics.com/wp-content/languages/new/albuterol.html That office has apparently “lost” my appeal.https://www.playavistaorthodontics.com/wp-content/languages/new/vardenafil.html What do I do next, aside from re-doing the appeal and sending the copied paper […]
Today TaxMama hears from Terry in Texas, who has this common situation. “I am an independent consultant for two companies and sell jewelry on the side.buy zovirax online pharmacohealthcare.com/wp-content/themes/twentysixteen/inc/engl/zovirax.html no prescription Should I have a separate business account for each business? Or can I have one account; and make sure a have good records?”