Today TaxMama hears from Don in Idaho, who asks, “Is financial aid from a community college taxable?buy vardenafil canada https://cpff.ca/wp-content/languages/new/canada/vardenafil.html no prescription ”
Category Archives: *Tax Quips
Today TaxMama hears from Geri in North Carolina, who asks, “What can you tell me about flipping Houses? Is this a Schedule C Business, or Schedule D? There is a lot of different information out there, about how to handle flipping houses for tax purposes.”
Today TaxMama hears from Bonnie in Alabama who asks, “How much money may I give my grown daughter before she is taxed?”
Today TaxMama hears from Ed in New York who wants to know. “Can you offset capital gains from the sale of rental property, by capital losses from the sale of stocks?purchase orlistat online https://medstaff.englewoodhealth.org/wp-content/languages/new/purchase/orlistat.html no prescription https://www.datafactories.org/wp-content/languages/new/resume-writing-service.html ”
After bugging IRS all week, I finally got a definitive explanation of which EROs (Electronic Return Originators) – Authorized IRS e-file Providers – need to register their websites with IRS. IRS sent out an announcement on Wednesday extending the (August 9th) registration deadline until September 10, 2007. https://www.irs.gov/taxpros/article/0,,id=172967,00.html Here’s the scoop. If you simply have […]
Today TaxMama hears from Robert in Texas who has a generous grandfather. “My 99 year old grandfather who lives in California, sold his residence for $250,000. He wants to gift $100,000 to each of his two daughters and keep $50,000 for himself. Can he gift this amount without triggering tax problems?”
Today TaxMama hears from Mike in New York City who’s got this question. “If you’re 65 or older and still working, does it still pay to open an IRA and get insurance coverage in case of disability? I have neither.”
The other day I got this e-mail from . It talked about a watch that had me drooling. Not only is this watch water-resistant to 20 meters, it’s also a USB memory storage device that holds 2 GB of data! Of course, I can only wear one watch at a time, so it’s out of […]
Today TaxMama hears from Jim in Missouri who’s come up with a winner. “I am on the board of directors for a Lutheran school. We wish to enter a raffle for a prize (car, jewelry, etc.), then offer whatever what is won at our annual dinner/silent auction night. If we win one of the items […]
Today TaxMama hears from April in NJ who has this question.https://www.sinverrugasylunares.com/wp-content/languages/new/lexapro.html “We plan to buy a lot from our friend.https://www.sinverrugasylunares.com/wp-content/languages/new/cipro.html We are buying it for $150,000. Do we just pay him the $150,000? Or do we have to add our state’s 7% sales tax on to the price?”
Today TaxMama hears from Manny in NY has a question that comes up often.buy zithromax online pridedentaloffice.com/wp-content/languages/new/over/zithromax.html no prescription “I will be buying a house in NYC and my wife inherited six figures from her grandfather.https://www.playavistaorthodontics.com/wp-content/languages/new/premarin.html We plan to use that money for the down payment.https://www.playavistaorthodontics.com/wp-content/languages/new/cialis.html Is this inheritance tax free? Or will it be […]
Today TaxMama hears from Melissa in Massachusetts who tells us. “My husband will now be working in Connecticut and we live in Massachusetts. How will this affect our income? This move is supposed to be a promotion.buy lasix online nouvita.co.uk/wp-content/languages/new/uk/lasix.html no prescription Yet I wonder if the taxes will make that feel as if there […]