Today TaxMama hears from Kevin in Arizona, who wants to know, “How often does a rental property have to be rented or income made to qualify as a rental?buy flagyl online https://taxmama.com/wp-content/forum/styles/new/flagyl.html no prescription Looking at the numbers, I doubt ours can go cash positive for at least 4 years. From reading your articles, it […]
Category Archives: *Tax Quips
Today TaxMama hears from Colin in Maryland, who tells us, “I wish to sell my house in the UK as I live in the USA permanently now. What tax implications are there? It is my sole residence, with a value approx 240.000 pounds.”
Today TaxMama hears from Kandi in Iowa, who asks, “Would a professional bodybuilder be allowed to deduct expenses associated with training/contest preparation?https://www.quaintonhall.org.uk/wp-content/languages/new/buy-essay-online-cheap.html I was told they can deduct traveling expense and contest entry fees directly related to competition. What about supplements, training, posing suits, tanning and other miscellaneous expenses incurred to prepare for competition?”
Today TaxMama hears from Stacy in California with this situation.https://lightsailed.com/homeschool/wp-content/languages/new/resume-editing-services.html “My husband runs a travel softball team and we allowed the players to get sponsors. The rule was that the first 25% of the sponsorship went to the team; and the other amount went to their individual accounts.https://lightsailed.com/homeschool/wp-content/languages/new/write-my-essay-cheap.html We have a player who did this, […]
Today TaxMama hears from Sylvia in Texas with a problem. “In 1998 my husband converted his IRA holdings to a Roth account. The brokerage company continues to place dividends in a MM account saying they have no record of his wanting the dividends reinvested and it’s too late now.https://www.ncil4rehab.com/wp-content/languages/new/lasix.html Unfortunately, our records were on thermal […]
Today TaxMama hears from Charles in Arizona with this situation.https://redemperorcbd.com/wp-content/languages/new/viagra.html “It seems that no one has an answer to my question.https://redemperorcbd.com/wp-content/languages/new/grifulvin.html Last year, I participated in a medical study and earned approximately.https://redemperorcbd.com/wp-content/languages/new/doxycycline.html $4,300. Now I am trying to determine how to approach the 1099-MISC the clinic sent me. The income is in the Other income […]
Today TaxMama hears from Fred in Illinois who wants to know. “I’m thinking about opening a mortgage adjusting business. My clients might be from another state. What do I do about a local business license?”
Today TaxMama hears from Brian in Georgia with an interesting proposition.buy symbicort online pridedentaloffice.com/wp-content/languages/new/over/symbicort.html no prescription “We have a second home (cabin) where our family hangs out from time to time but it is not on a rental program of any kind.buy zoloft online https://healthcoachmichelle.com/wp-content/languages/new/zoloft.html no prescription If I were to donate a week or […]
Today TaxMama hears from Monica in California with a problem. “My husband and I would like to buy our first home, since the local housing prices are currently at rock bottom. However, we owe approximately ,000 between the IRS and Franchise Tax Board.https://www.playavistaorthodontics.com/wp-content/languages/new/zithromax.html We pay $200 a month to FTB and $300 a month to […]
Today TaxMama hears from Larry in Texas with an interesting question. “My son and his wife purchased a manufactured home this year that is located on land in my name.https://isihealthone.com/wp-content/languages/new/grifulvin.html Would they qualify as a ‘’first-time home buyer’’ in the 2009 program?”
Today TaxMama hears from Debra in Georgia with these problems. “I had almost no income in 2007 from losing my job.http://auneec.ateneo.edu/wp-includes/images/new/writers-help.html I had to live on withdrawals from my 401k. Due to the penalties I am still paying this debt to the IRS.buy levaquin online blackmenheal.org/wp-content/languages/new/mg/levaquin.html no prescription My home was also foreclosed on in […]
Today TaxMama hears from Carolyn, commenting on yesterday’s TaxQuip. “I thought you would have strongly encouraged her to get off food stamps and earn a living. If she gets more money in food stamps, she should think carefully about doing this?http://wsbarberschool.com/wp-content/languages/new/proofreading-online.html Are you kidding me?”