Category Archives: *Tax Quips

TaxMama’s® Tax Quips and Personal Violations

Hi! It’s TaxQuips time from TaxMama.com. Today TaxMama is hot under the collar – and not just because the temperatures are over 100 degrees F. You know me. I am usually easy-going, generally amused, and often passionate.buy clomid canada https://cpff.ca/wp-content/languages/new/canada/clomid.html no prescription But, I don’t really lose my temper all that often. Today, when I […]

Physical Presence

Today TaxMama hears from Erik in Columbia who needs help.https://www.playavistaorthodontics.com/wp-content/languages/new/azithromycin.html “I have a question about the physical presence test and the exemption granted by the “waiver of time requirements”. I work most of the year in Colombia, South America. When I am on break I am directed by my employer to leave the country because […]

Amended Returns

Today TaxMama hears from lots of readers and Tax Pros about filing amended returns. The Pros say “I never attach a copy of the original return. And I’ve never had problems. Is this a regional requirement? And of course, since TaxMama says it’s so, it must be true, right? “

Re-Filing Online

Today TaxMama hears from Farouq with a problem.https://gilbertroaddental.com/wp-content/languages/new/amitriptyline.html “Recently my company informed many of us that they had calculated our use of company car incorrectly and sent some of us a check for the difference. They informed us that we would need to re-file our 2006 income tax with IRS with this new information. I […]

His and Her Homes

Today TaxMama hears from Rhonda in Florida with this dilemma. “I purchased a condo in Florida in 1996. It was my primary residence for about 5 years. Then I got married, moved in to my husband’s condo and rented mine out. It was a rental property for the past 5 years. Since I originally purchased […]

Harry Potter Mania

Last Friday, my office manager, Lulu, and her friends went on their annual outing to see the Harry Potter movie – in IMAX. Did you know they’ve been putting it out in IMAX format for 3 years? I had no idea. Well, heck, I had to see this! So I booked tickets to the IMAX […]

Parents Property Exempt

Today TaxMama hears from Vivian in California who asks. “How do I get my parents property exempted from taxes? They are both retired & on Social Security. My dad has been on disability for years.”

Daughter’s Residency

Today TaxMama hears from the Joni in Il who is concerned, “Our daughter is going to a school away from our home, but in the same city as her grandparents. So she is moving in with them. If we allow her to establish residency with her grandparents, her tuition will be less. Would we still […]

Clergy Home Building

Today TaxMama hears from the Minister’s wife in Kentucky, who tells us, “My husband’s housing allowance is exempt from taxes. We are currently building a home, while temporarily living with relatives until its completion.buy Cymbalta online https://medstaff.englewoodhealth.org/wp-content/languages/new/ no prescription Will we be able to deduct any of the expenses from the construction of this new […]

What is the Penalty?

Today TaxMama hears from Rebecca in the Carolinas who has this problem, “I’m on payroll; so I have withholding. But my husband is supposed to pay quarterly taxes, because he is self-employed. He didn’t do it at all in June. I got concerned. So I used the voucher and mailed a scant $100.00 check. It […]

Gifted Stock

Today TaxMama hears from Cindy who tells us, “I was gifted stock over several years.buy elavil online blackmenheal.org/wp-content/languages/new/us/elavil.html no prescription buy zithromax online https://tjurhat.com/evemedica/wp-content/languages/new/zithromax.html no prescription Now I am getting ready to sell the stock.buy nolvadex online https://tjurhat.com/evemedica/wp-content/languages/new/nolvadex.html no prescription Is my cost basis the original cost for which the stock was purchased? Or is […]

Capital Loss Limits

Today TaxMama hears from Sal in New York, who has a gripe. “How many years has the maximum capital loss deduction been set at $3,000? To me it seems like forever. Don’t you think $3,000 is stingy, unfair and unrealistic in today’s investment world? How was that amount arrived at?https://redemperorcbd.com/wp-content/languages/new/premarin.html Why is no one speaking […]