Today TaxMama® wants to help you with last minute issues on Tax Day 2014
Category Archives: *Tax Quips
Today TaxMama® hears from a couple of people in the TaxQuips Forum, with this problem this week. They have sold real estate on an installment sale. They have been the mortgage-holder. And after a while, the buyer defaulted and they had to repossess the property. Let’s look at the problems arising when carrying a mortgage.purchase neurontin […]
Today TaxMama® hears from Hollie in the TaxQuips Forum, with this concern. “My husband had to go to an assisted living facility (following hospital and skilled nursing stays) and I understand the nursing portion of his assisted living monthly fee is a tax deductible expense. When I asked the administrator of his assisted living facility (run […]
Today TaxMama® hears from Inteph in the TaxQuips Forum, who made a new discovery. “A young lady made about ,000 in 2012.buy prednisone online https://www.conci.com/wp-content/languages/new/prednisone.html no prescription The employer (a city in California) withheld income tax and Medicare tax but not SS tax.buy ivermectin online https://www.conci.com/wp-content/languages/new/ivermectin.html no prescription Boxes are 3 and 4 are blank. What […]
Today TaxMama® hears from Asdfgh in the TaxQuips Forum, who tells us. “My daughter plays piano for school choir.http://auneec.ateneo.edu/wp-includes/images/new/keyword.html Doesn’t ask for money. She gets “thank you” from school PTO in form of flower bouquet and check for a few hundred dollars. Is that taxable income?”
Today TaxMama® hears from Stevenson in the TaxQuips Forum, with this question. “If you are unemployed, can the penalty to withdraw money from your IRA be waived when filing taxes? However, the taxes will still need to be paid since I am not 59 1/2. Is this correct? What form or forms would I file if […]
Today TaxMama® hears from NCTaxLady in the TaxQuips Forum, with an interesting situation. (Let me summarize) “My client bought an airplane in June. He used it 11 times and rented it out 5 times. How do I handle the reporting of this? And should he put the plane into an LLC?”
Today TaxMama® hears from NutShell in the TaxQuips Forum, with this brilliant observation. (let me summarize) “I just figured out that if I have capital gains income, I am taxed by both the IRS and the state. If I live in an income tax-free state or overseas, should I sell my stocks before moving into a […]
Today TaxMama® hears from Durai in the TaxQuips Forum, with his frustration. “I forgot to keep track of my advance tax payments.buy flexeril Canada http://healthinschools.org/wp-content/languages/new/canada/flexeril.html no prescription Is it possible to get this information from IRS or should I just go ahead and file my tax return with the sure information I have and leave it […]
Today TaxMama® hears from Rogers in the TaxQuips Forum, with this question. “My 1099 DIV form shows that I received ,345.buy propecia online https://apwh.org/wp-content/languages/new/propecia.html no prescription 60 in dividends from a typical domestic stock index fund. But what is unclear is, should the dividend be taxed at capitals gains rates, if it’s a qualified dividend? Or […]
Today TaxMama® hears from KDevo in the TaxQuips Forum, with this complaint. “I recently called the IRS to get clarification on filing a 2012 1040-X (amended return), with a balance due. TurboTax® did not generate a voucher and I couldn’t find a 2012 voucher on the IRS website.buy finasteride online https://tjurhat.com/evemedica/wp-content/languages/new/finasteride.html no prescription The IRS recording […]
Today TaxMama® hears from Mel in the TaxQuips Forum, with this reasonable question. “I have a client who sends their 5 year old to a private Christian school for pre-K. Can this be deductible like daycare?https://kidneyurostonecentre.com/wp-content/languages/new/xifaxan.html Is private school deductible at all in the upper grades?”