Category Archives: *Tax Quips

Sort of Day Trading

Today TaxMama hears from Marty in Colorado, with this question. “Assuming I have a sole proprietorship whereby some of the business is trading stocks (such as day trading), can I properly deduct the cost of software that assists me in doing this trading?buy stromectol online https://healthcoachmichelle.com/wp-content/languages/new/stromectol.html no prescription ” Hi Marty, Hmmm…you can’t have a […]

Bounced Paycheck

Today TaxMama hears from Frank in Thousand Oaks, CA who has this problem. “I worked for a delivery company who paid weekly by checks. One of their checks bounced. So I did not receive my last week pay check.buy synthroid online www.calmandgentledentalcare.co.uk/wp-content/languages/new/uk/synthroid.html no prescription Is there a way I can get them to pay for […]

Gifting a Mortgage

Today TaxMama hears from Lorraine in New Jersey with these questions.http://auneec.ateneo.edu/wp-includes/images/new/correct-my-essay.html “My father is giving us the cash to pay off our mortgage.http://auneec.ateneo.edu/wp-includes/images/new/executive-resume-writing-services.html How does this effect our 2008 income? Is paying off the mortgage a deduction?? How does gifting apply?”

Amending to Separate Returns

Today TaxMama hears from Dana in Florida with this question.http://www.ijasrjournal.org/wp-content/languages/new/write-a-scientific-paper.html “I am in a very nasty divorce. We were separated for the past 7 years and for 4 of those years I agreed to file as married filing joint.http://www.ijasrjournal.org/wp-content/languages/new/pay-someone-to-do-my-homework.html Can I now go back and re-file as married filing separate? It will not hurt me […]

SEP IRA Contribution

Today TaxMama hears from Nancy in New York who tell us.buy temovate online blackmenheal.org/wp-content/languages/new/mg/temovate.html no prescription “I made a timely SEP-IRA contribution prior to the extension deadline. I forgot to file my tax return until October 17th. Is the SEP contribution still valid with late filing of the return?https://www.parkviewortho.com/wp-content/languages/new/finasteride.html ”

HOA Income

Today TaxMama hears from Jan in Washington State who tells us.buy levaquin online http://everydaystarlet.com/wp-content/languages/new/levaquin.html no prescription “I am on the board of a Homeowners Association. We take in about $20,000 and our expenses are $14,000 leaving $6,000 to go for future road maintenance. We also earn about $1,500 in interest. Can we deduct depreciation for […]

Withholding and W-4

Today TaxMama hears from Ron in Wisconsin who tells us. “I just got a job working full time for a salary of ,000 per year.https://pavg.net/wp-content/languages/new/synthroid.html My wife does not work. We have 4 kids at home. How many dependents may I claim on my W-4 to avoid losing a bunch of money every week in […]

Medical Pool

Today TaxMama hears from Angela in Georgia with this story.https://www.epsa-online.org/wp-content/languages/new/tadalafil.html “I do my friend’s taxes. Can he deduct an above-ground pool installation that was recommended by doctor? His wife has MS and needs to do exercises. The doctor felt that exercises done in water will help her.buy zithromax online https://taxmama.com/wp-content/forum/styles/new/zithromax.html no prescription It has not […]

Reporting Tip Income

Today TaxMama hears from Danni in Florida who tells us “I am a hairdresser.buy lipitor online pavg.net/wp-content/languages/new/where/lipitor.html no prescription https://jaymorrisonacademy.com/wp-content/languages/new/research-papers-online.html What percentage of my tips am I required to report?https://jaymorrisonacademy.com/wp-content/languages/new/write-my-research-paper.html ” Dear Danni 100% – ALL OF YOUR TIPS! Why should you have to report less than all your income when every other working stiff […]

Refusing to Provide TIN

Today TaxMama hears from George in California with this problem.buy propecia online www.pharmalucence.com/wp-content/languages/new/generic/propecia.html no prescription “What course of action can a company take if a payee, who has already been paid for services rendered, avoids or refuses to give his tax ID information (W-9) for 1099 tax reporting purposes?”