Category Archives: *Tax Quips

Forged Joint Return

Today TaxMama hears from Tom, in the Midwest. He tells us, “I’ve been separated from my wife for several years. For 2006, I had no taxable income due to a disability. My wife filed a joint tax return by forging my signature. She did not have my power of attorney, or even verbal permission. She […]

Advisory Team

Today TaxMama hears from Edward in PA, who asks, “Can you address the ins and outs of building a personal financial team?https://www.topsedu.xyz/wp-content/languages/new/professional-resume-help.html Who are the key players needed on this team?”

Not Qualified Distribution

Today TaxMama hears from Harry in Pennsylvania, who tells us, “I withdrew money from an IRA which used to be an employer annuity, but became an IRA when I left them. I am over 55 and separated from service. Does exception 2, separation from service, apply to distributions from an IRA? Since I am under […]

Graduation Penalty

Today TaxMama hears from Robert in Texas, who’s proud of his daughter, but… “My daughter will be 24 in Nov of this year. She just graduated from college this month but will be living with me until Sept 1.buy sildenafil online https://taxmama.com/wp-content/forum/styles/new/sildenafil.html no prescription Will I still be able to claim her as a dependent […]

Financial Naivete

Today TaxMama hears from Oscar in Chicago who wants to know, “How can 20- and 30-somethings avoid financial foolishness and start building wealth early?https://www.fiercereads.com/wp-content/languages/new/online-essay-editor.html ”

The Cohan Rule

Today TaxMama hears from Roberta who says. “Some time back, you wrote about a rule of providing most but not all proofs for deductions. I think it was called something like “Irving’s rule”. Please send the correct name and where I can read about it.”

Dependents and Re-Marrying

Today TaxMama hears from Denise in NJ, who wants to know. “If a couple gets a divorce, and the woman gets to take the children as dependents in lieu of alimony, what happens if she remarries and does not hold a job any longer? Can she file jointly with her new husband and still use […]