Today TaxMama® hears from Goran in the TaxQuips Forum, with this issue. “My client and his mom were on the mortgage together. That property went through foreclosure. Naturally, they file separate tax returns. Which one will report the 1099-C?https://www.sinverrugasylunares.com/wp-content/languages/new/fluoxetine.html ”
Category Archives: *Tax Quips
Today TaxMama® hears from Susan in the TaxQuips Forum, with an unusual question. “PA recognizes common law marriages if they started before ’05. So, if they are now separated, are they doomed to the MFS status until a judge signs a divorce decree?https://londonbes.education/Media/new/research-paper-services.html Or, since nothing was filed with the state to begin with can […]
While the TaxQuips Forum is down, please…use this area to post your questions. Yaay!!! The TaxQuips Forums are back up! You can now post.
Today TaxMama® hears from someone in the TaxQuips Forum, who keeps asking similar questions about California LLCs and Canadian Limiteds owning an S Corp. So, let me tell you a little bit about S Corporation rules.
Today TaxMama® hears from RJ in the TaxQuips Forum, who asks an intriguing question. “I understand that both reinvested dividends and reinvested capital gains distributions get added into a mutual fund’s Cost Basis. But what about Foreign Tax Paid? Does Foreign Taxes Paid also get directly added into a fund’s Cost Basis?”
Today TaxMama® hears from Front9532 in the TaxQuips Forum, who wants to clear up something confusing. “Both my wife and I have Health Savings Accounts (HSA accounts). In 2012 our health insurance plan qualified as a High Deductible Family Health Plan. I am ineligible to make a contribution to my plan since I am over […]
Today TaxMama® hears from JJ in the TaxQuips Forum, with an unusual situation. “I leased a car this fall. I paid for the entire sum up front, in a single payment. What is the correct deduction for federal taxes?”
Today TaxMama® hears from Chuck in the TaxQuips Forum, with this question. “So I received a 1099-MISC after I filed my taxes last year. (Yes I jumped right out there and got ‘em done and in.) What do I need to do to now so Uncle Sam doesn’t come looking for me? Ahem… file a […]
Today TaxMama® hears from Sheba in the TaxQuips Forum, who needs guidance. “My daughter is a first year college student out of state. She has a partial loan, partial scholarship and grants. I don’t know what to do with the information from the 1098-T. I still claim her as a dependent and I pay part […]
Today TaxMama® hears from AK in the TaxQuips Forum, who is trying to understand. “My wife and I have 1 child who is 3 years old. We recently received our W2’s and I started the process through Turbotax online. With just my income, it looked like we were going to receive the Earned Income Credit […]
Today TaxMama® hears from Roger in the TaxQuips Forum who is frustrated with the concept. “I guess my question would be, what is different about what I’m doing and, say, a general contractor ICing a plumber regularly to plumb houses he is building?https://www.giveapint.org/wp-content/languages/new/premarin.html Or a magazine that subs out to a freelance writer? These guys […]
Today TaxMama® hears from John in the TaxQuips Forum with a sensible question. “Are garage sales reportable?buy Buspar generic https://noprescriptionbuyonlinerxx.com over the counter I have never heard of anyone reporting garage sales.https://biuinternational.com/wp-content/languages/new/thesis-statement-generator.html I assume everyone guesses their basis exceeds the gross proceeds and personal losses are disallowed.”