Today TaxMama hears from Dawn in the TaxQuips Forum with a simple question. “I donated a vehicle to charity. The vehicle increased in FMV from the time I purchased it 14 years ago. I donated it for the use of the charity (not for resale). It’s a charity that uses vehicles in their daily activities. […]
Category Archives: *Tax Quips
Today TaxMama hears from Joe in the TaxQuips Forum with lots of questions.buy canadian zithromax online https://mabvi.org/wp-content/languages/new/canadian/zithromax.html no prescription Edited down he’s asking: “Is it true that you cannot efile prior year returns? I need to file for this year and last year.buy canadian azithromycin online https://mabvi.org/wp-content/languages/new/canadian/azithromycin.html no prescription I expect to owe money for […]
Today TaxMama hears from Suzan in California with is bewildered. “Someone sent me an email stating that they were told by H&R Block that divorced couples can split their children’s dependency exemption based on a new ruling for 2009. That the exemption can be split six months for Mom and six months for Dad. I’ve […]
Today TaxMama hears from Joe in the TaxQuips Forum with this question. “How do you calculate the penalty and interest when amending a tax return? I was told by a local chain that does taxes, that only the IRS can calculate these.buy doxycycline uk https://blackmenheal.org/wp-content/languages/new/uk/doxycycline.html no prescription https://mannadew.co.uk/wp-content/languages/new/finasteride.html ” https://taxmama.wpengine.com/forum/taxquips/penalties-and-interest/
Today TaxMama hears from Paul in the TaxQuips Forum with this question. “How do I start paying back the ,500 homeowner credit from 2008?buy synthroid online www.mabvi.org/wp-content/languages/new/usa/synthroid.html no prescription https://www.fiercereads.com/wp-content/languages/new/research-papers-online.html We know we’re supposed to pay it back in 15 installments of 0 each year; but we can’t find a line to enter it on […]
Today TaxMama hears from Kathy in the TaxQuips Forum with this interesting question. “My client and his young son traveled to Qingdao, China last year for the transplant of umbilical cord blood stem cells from my client’s daughter, for the treatment of quadriplegic cerebral palsy, at the Beike Biotech section of the hospital. Are the […]
Today TaxMama hears from Enrolled Agent Alison Jacks in San Francisco who brings up an important issue. “What do you think of the fact that many (dare I say most?) tax professionals do not seem to provide depreciation schedules with the taxpayer’s copy of the tax return? I pretty much blew a fuse yesterday and […]
Today TaxMama hears from Bill in the TaxQuips Forum with a common misconception. “I have a W-2 through my employer and contribute to their 401k plan. I also have $30,000 net rental income from Schedule E as a sole proprietorship. Can I contribute to a SEP or any other type of retirement plan to shelter […]
Today TaxMama hears from Hayley in Indiana who made a bold move. “I quit my job last October to go back to school. My school is through our hospital (an Allied Health Program) but is not a part of the eligible educational institution.( is not signed up with the gov to receive fed funding.) The […]
Today TaxMama hears from Elisa in Santa Clara, California who is doing something brave.buy trazodone online https://rxbuywithoutprescriptiononline.net/trazodone.html no prescription “I am involved with groups and individuals who feed and Trap/Neuter/Return (TNR) feral cat colonies. The cats live outdoors and are not owned by the feeders. Some people are part of non-profit groups but many are […]
Today TaxMama hears from Susan in the TaxQuips Forum, who tells us. “I have more rental expenses than income, so there’s a loss of $20,000. But I can’t use it to offset any of our income. Can I take the property tax and the mortgage interest that were on my rental house and add it to […]
Today TaxMama hears from Dabeler in the TaxQuips Forum, with this question. “2009 is my first year as a sole proprietor. I set up a solo 401K in Dec 2009. I made $185,000 on my 1099. Can I put in the full $54,500 for 2009? I am over 50.”