Today TaxMama hears from Bill in the TaxQuips Forum, who is angry “I don’t want to pay a fee nor spend my time and money on exams and continuing education that I do not choose. I spent my money going through H&R Block tax courses and subscribe to magazines and websites to keep up-to-date with […]
Category Archives: *Tax Quips
Today TaxMama hears from Terri in the TaxQuips Forum, with an delightful problem to have. “What is the best way to reduce the tax consequences of inheriting land? The person inheriting the land is not related to the owner. He could possibly marry her if that would help matters. The land was inherited and has very low […]
Today TaxMama hears from Karol in the TaxQuips Forum, with an odd question. “I have a paid internship in the Rhode Island state vocational rehabilitation agency and they pay me $11 an hour (I work the most 35 hrs/wk) without taking out taxes. I am worried about what I will owe when I do my taxes later […]
Today TaxMama hears from Rob in the TaxQuips Forum, who couldn’t get IRS to answer him. “I am adjusting a 2006 return using the 3115 Form per your guidance. The Real estate is 1974 property where we used ACRS, 125% and 20 years. For the step-up do I have to use MACRS lives and methods?”
Today TaxMama hears from Alex in the TaxQuips Forum, with this issue. “I am the worship leader at my church and am currently paid a salary of $6,000 a year without taxes taken out. I also just recently took on a short term job in which I was hired as an independent contractor to do […]
Today TaxMama hears from Dennis in the TaxQuips Forum, with a problem. “I have recently become Treasurer of a band booster organization and need clarification about quota accounts. They have a “quota” account for each student that is used for an annual trip. You must make your quota amount or you are not allowed to […]
Today TaxMama hears from Taylor in the TaxQuips Forum, with a common dilemma. “My clients just moved back from Australia. They don’t have any credit established in USA. I recommended that Mom purchase the home with the mortgage loan will be in her name only. She can add the kids to the title. The kids […]
Today TaxMama hears from George in the TaxQuips Forum, with an interesting question. George asks, “Has there been any further guidance on the IRS Memo # 200911007 (dated 11/24/2008; released 3/13/2009) relative to applying the $1 million limit per property as opposed to per taxpayer with respect to mortgage interest deductions? This become a big […]
Today TaxMama hears from Mike in the TaxQuips Forum, with a terrific question.buy doxycycline online https://healthsystems24.com/wp-content/languages/new/doxycycline.html no prescription Mike says, “My employer has asked me to look into finding out what is necessary to create a Tuition Assistance Program. I read through Pub 970, and all I could find was that I needed to have […]
Today TaxMama wants to tell you about the upcoming tax holidays in your neck of the woods.
Today TaxMama wants to speak to you about your credit score and how fix it and raise it.
Today TaxMama wants to speak to you about how to gain a better understanding of your investments, and money – and perhaps their relationship to your taxes.