Category Archives: *Tax Quips

Shared House

Today TaxMama hears from Maureen in California who says. “I own a house with my 2 sisters equally since 2002.https://alvitacare.com/wp-content/languages/new/cytotec.html They want to buy my share out because I am getting married. Will this amount be considered taxable since we didn’t sell the house?”

Sole Proprietor

Today TaxMama hears from Kathy in Florida who tells us. “My husband currently works “under the table”.us overnight pharmacy https://buynoprescriptionrxxonline.net/us-overnight-pharmacy.html no prescription We declare his total income and are subsequently hit every year with owed taxes. Would it behoove us to make him a sole proprietor of his own yacht cleaning business? Would we be […]

Relationship Doubts

Today TaxMama hears from Kevin in California who asks.https://libertyjuice.com/wp-content/languages/new/amitriptyline.html “I know California isn’t a common-law state. But are there any other tax issues that I need to be aware of if I decide not to get married to my long-term girlfriend?https://libertyjuice.com/wp-content/languages/new/nolvadex.html With such high divorce rates, I’m beginning to think that remaining committed partners is […]

His and Her Homes

Today TaxMama hears from Steve in Illinois with a long-distance marriage. “My wife and I work in different cities 100 miles apart.buy amoxicillin online https://pridedentaloffice.com/wp-content/languages/new/amoxicillin.html no prescription Out of necessity we have had to own two homes. We live in each equally, dividing our weekends at her house and then mine. She has taken another […]

Teen Withholding

Today TaxMama hears from Tia in Michigan who tells us. “I’m 17 years old with a job at Burger King.https://theteacherpreneur.com/wp-content/languages/new/dissertation-writing-help.html How much money is taken out of my check due to taxes?”

Divorce Splits

Today TaxMama hears from Robin in Florida, who is getting divorced.buy uk sildenafil online www.mabvi.org/wp-content/languages/new/uk/sildenafil.html no prescription “I am getting a house settlement as part of my divorce and I am not sure if I need to reinvest into a home? Or will I to have to pay taxes on the amount?https://isihealthone.com/wp-content/languages/new/tadalafil.html ”

Misaddressed Envelope

Today TaxMama hears from Rick in Washington with this problem. “I sent my tax return off on April 15th with my payment. The envelope was returned to us because we had mistakenly put our address sticker on the front.buy bactroban online https://taxmama.com/wp-content/forum/styles/new/bactroban.html no prescription If we send this along in a new envelope, what are […]

The LLC Advantage

Today TaxMama hears from Roy in Virginia, who wants to know. “Is there any advantage to form an LLC for my speaking and consulting.https://londonbes.education/Media/new/best-essays.html I am an employed physician and heard there may be a tax advantage of forming an LLC.https://londonbes.education/Media/new/copy-editing-service.html ”

What was Withheld

Today TaxMama hears from a Vet in Virginia, who is perplexed. “In Sept 2000, I received a severance pay from the military. For Veterans Administration purposes, I needed to know if other taxes such as Medicare, FICA and state or any other taxes may have been deducted from this money.https://gilbertroaddental.com/wp-content/languages/new/lipitor.html Looking at my 2000 tax […]