Category Archives: *Tax Quips

Amending Tax Returns

Today TaxMama hears from Amy in the TaxQuips Forum with a common type of question. “My sister is amending her tax return to claim the homebuyers credit. But the original tax return had a ream of ages. Does she need to include them all with the Form 1040X amended tax return?”

QDROs

Today TaxMama hears from Mona in the TaxQuips Forum with this problem.https://www.mydentalplace.com/wp-content/languages/new/xifaxan.html “I recently started to receive a QDRO check from another state.  How do the income taxes get handled? Do I pay the issuing state or the state I live in?”  https://taxmama.wpengine.com/forum/taxquips/qdro-taxes/

eBay Sellers Audit Target

Today TaxMama hears from Robert in the TaxQuips Forum with this inquiry.buy augmentin online cpff.ca/wp-content/languages/new/canadaa/augmentin.html no prescription “I read in a Washington Post article that eBay will now start sending sellers with more than 200 transactions a 1099-K form so that they have to pay taxes on their eBay selling.  I have over 200 transactions. […]

IRA Without a Cause

Today TaxMama hears from Chris in the TaxQuips Forum  who says.buy lasix online https://pridedentaloffice.com/wp-content/languages/new/lasix.html no prescription “I took money out of an IRA for a down payment on a house (after a divorce) and was intending to pay it back within the 60 days. My employer hinted I should start looking for a new job. […]

ES Payments Without Income

Today TaxMama hears from Steve in the TaxQuips Forum with a timely question.buy uk albuterol online www.mabvi.org/wp-content/languages/new/uk/albuterol.html no prescription He says. “I started paying estimated taxes in the first quarter of this year.buy Nootropil generic buybloinfo.com over the counter But I haven’t earned any income this quarter, except unemployment – from which they took withholding. […]

LLC After Divorce

Today TaxMama hears from Marina in Washington DC in the TaxQuips Forum with an interesting set of questions. She says. “A husband and wife are divorced. They owned an LLC. The wife wants out. Can the husband keep the same EIN? Can he elect to treat the single member LLC as a S Corp.?” https://taxmama.wpengine.com/forum/taxquips/llc-for-hw-after-divorce/

Insurance Co Demutualizations

Today TaxMama hears from Richard in the TaxQuips Forum who is well-informed about his issue. “I received stock when John Hancock Life was merged or purchased by Manulife Insurance Company several years ago. It went from a Mutual Insurance company  to a Stock Insurance Company. Originally the IRS said that all of the income from […]

Highly Skilled Labor

Today TaxMama hears from Tony in Virginia who tells us. “We have purchased a high efficient heat pump that qualifies for the 30% tax credit. We plan to remove the old system and install the new system. Can we charge our labor to the tax credit amount? I have a side engineering business along with […]

Payroll Garnishments

Today TaxMama hears from Rebecca in California who is facing serious problems.buy amoxil online https://www.conci.com/wp-content/languages/new/amoxil.html no prescription “We don’t know what to do, and now that the CA franchise tax board has garnished my paycheck, we don’t have any extra funds. This is based on tax returns not filed for 1999 and 2000. What can […]