Today TaxMama hears from Peter in Massachusetts who has this question.https://www.simplybeyondfoods.com/wp-content/languages/new/priligy.html “I am a 100% owner of my S corporation.https://www.simplybeyondfoods.com/wp-content/languages/new/orlistat.html I used my car, registered in my name, for my business and commuting. I keep a detailed record of mileage and expense. Can I deduct the vehicle expenses on my 1120S?” https://www.audioacrobat.com/play/WSKWQgVf
Category Archives: IRS Forms
Today TaxMama hears from Tom in Los Angeles, who tells us, “I am a person living with AIDS. I have not paid my taxes in years, partly because my medical costs are insane, and partly because I thought I would be dead by now.buy prelone online https://pridedentaloffice.com/wp-content/languages/new/prelone.html no prescription Having survived my friends, it’s time […]
[Courtesy of IRS] WASHINGTON – The Internal Revenue Service and the Treasury Department cautioned taxpayers about participating in certain trust arrangements being sold to professional corporations and other small businesses as welfare benefit funds and identified some of the arrangements as listed transactions. There are many legitimate welfare benefit funds that provide benefits, such as […]
Today TaxMama hears from several people, who say, “I do hope we can still get energy credits for the various improvements we made?buy premarin online www.parkviewortho.com/wp-content/languages/new/prescription/premarin.html no prescription We were counting on that! “
Today we hear from Don in Idaho who’d like to know, “Are the expenses paid out to repair damage caused by a mudslide deductible? The repairs include fixing the damage to the house, yard and the cost of a massive retaining wall to prevent a like event from recurring.”
Courtesy of IRS IR-2007-159, Sept. 17, 2007 [TaxMama note: This is a resource we requested from IRS at a Stakeholder meeting earlier this year. IRS put it together quickly, in view of all the sub-prime loan defaults. Incidentally, you will also find some simplistic formulae to help with your computations of the tax effects.] WASHINGTON […]
IR-2007-156 WASHINGTON — The Internal Revenue Service has acknowledged the certification by General Motors Corp. that two of its Model Year 2008 vehicles meet the requirements of the Alternative Motor Vehicle Credit as qualified hybrid motor vehicles. The credit amount for the certified 2008 model year hybrid vehicles are: Chevrolet Malibu hybrid — $1,300 Saturn […]
Today we hear from Dean in Pennsylvania who wants to know, “Has the AMT for 2007 been ‘officially’ lowered by the IRS from $62,550 to $45,000? I can’t find mention of this on IRS website.”
Today we hear from Lars in Hawaii who tells us, “I am preparing a 2006 California – CA (540NR) tax return for a client who moved to Hawaii in June 06. This client has two W-2’s. The first six months he lived in CA; the second six months in Hawaii. It would seem that this […]
Today we hear from Barry in WI who is doing research. He says, “I am searching for the IRS definition concerning related parties and installment notes between related parties and any new cases concerning this issue.buy clomiphene online gilbertroaddental.com/wp-content/languages/new/generic/clomiphene.html no prescription https://www.datafactories.org/wp-content/languages/new/math-homework-help.html ”
Today, Nancy from West Virginia is confounded, “My boss sent me a 1099 instead of a W-2.https://www.quaintonhall.org.uk/wp-content/languages/new/proofreading-and-editing-services.html But I was an employee, not a freelancer. What do I do?
Did you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement and then donated the items to a local charity? Charitable contributions can be tax deductible, but you must have the proper records to support your deduction. Due to the Pension Protection […]