Today TaxMama hears from Haley in the TaxQuips Forum, who is working on an Offer in Compromise. “Is there a method for obtaining a fair market value (FMV) for a Time Share property? I would hate to report the full purchase as the FMV on the 433-A, but don’t know any other way to value the […]
Category Archives: *Tax Quips
Today TaxMama hears from York in the TaxQuips Forum, who has found an interesting income source. “We just received our first contract for our 1916 home to be used for a commercial.https://drugeriemarket.co.uk/wp-content/languages/new/acyclovir.html The shoot lasts 3 days and we will receive $9,000 – cool! It seems that the IRS (and somewhere on your site) state […]
Today TaxMama hears from Brent in the TaxQuips Forum, with an exciting opportunity. “I have been approached by a friend I trust (personally, not on the fine points of tax law) about investing in a pre-IPO stock of a foreign company that will be listed on a US exchange. Two problems. First, I would invest […]
Today TaxMama hears from Robyn in the TaxQuips Forum, who needs to make a decision. Essentially, it boils down to should my boyfriend and I get married this year or not, in order to get the best tax advantage. They have a child together – and one that is just hers. Read the details here. […]
Dear Family, Today, I just want to say THANK YOU. This morning, on the verge of waking up, all bundled up under the covers, with the heater making the room all cozy…I was thinking warm and loving thoughts.buy azithromycin online blackmenheal.org/wp-content/languages/new/us/azithromycin.html no prescription Of family and friends. Of TaxMama® family and friends. Of all […]
Today TaxMama hears from Peggi in the TaxQuips Forum, with this problem. “I have a rental house that is in a distressed area. I cannot get it rented, it keeps getting broken into.https://www.ncil4rehab.com/wp-content/languages/new/cymbalta.html I can donate the house to the LRA for a tax credit.buy plavix online https://nashvillegab.com/wp-content/languages/new/plavix.html no prescription Would this be […]
Today TaxMama hears from Joe in the TaxQuips Forum, with this odd tale. “My cousin’s wife whose [missing word] was born in Canada and is also a U.S. citizen will be receiving about $150,000 inheritance from her father’s estate. My cousin and his wife live in the US. Her parents are Canadian citizens. Her father, […]
Today TaxMama wants to address the year-end tax stalemate in the U.S. Legislature. Dear Family, It’s SOS Time – time to step up and Save YourSelves! It’s time to let your legislators know how you feel! You want definitive legislation before the year ends – not pushed into next year.https://mannadew.co.uk/wp-content/languages/new/doxycycline.html The nation is angry. People […]
Today TaxMama hears from Liz in the TaxQuips Forum with this interesting situation. “My father’s cousin passed away and I inherited part of his home. The executrix of the estate said that since the home sold for less than it was appraised for on the date of his death, we each may be able to […]
Today TaxMama hears from Monty in the TaxQuips Forum, who needs help. Let me paraphrase his question. “When a corporation has net operating losses (NOL) for two years in a row, 2008 and 2009, how do you handle carrying back the NOLs?” Dear Monty, When you have a large net operating loss, you may be […]
Today TaxMama hears from Toki in the TaxQuips Forum, with a problem, “I bought my house in 2005 and it is now upside down. I decided to try and have my loan redone and got shafted out of $4,000, having a third party to do it for me. I stopped making my payments and I […]
Today TaxMama hears from Bruce in the TaxQuips Forum, with exciting news, “I purchased a new home in October and added some builder upgrades, including energy efficient appliances, radiant barrier roof, etc. Are these tax relief items available to me as an individual taxpayer? Even though I don’t have receipts on each item, I did […]