Category Archives: *Tax Quips

TaxMama’s Tax Quips and Audit No-Nos

Today TaxMama hears from a tax professional with a problem: “My client is being audited by IRS. I live in another state. She sent me the records and I asked IRS to move the audit to my state or to do it by phone. After she sends me the records AND after I ask IRS […]

The Annual “I Didn’t Get My W-2” Question

Today TaxMama hears from Robert in Texas, who complains: “My employer fired me. I worked in the office and taxes were taken out of checks. She has not sent me my W-2 forms. What do I do now?”

10-Year Averaging

Today TaxMama hears from Ramesh, who has a long memory: “There used to be income averaging, that I know was discontinued. But I remember seeing something about a 10-year averaging that was grandfathered for seniors. I now qualify; but all I can find is something for farmers. Can you please find it for me?”

Taxes are Funny – Post Tax Filing Blues

TurboTax has teamed up with Jay Mohr to hold a competition for comedians at TaxLaugh.com . The winner gets $10,000 and the opportunity to open for Mohr at an Improv comedy club in Southern California. To enter, performers can create and submit a video of a routine up to three-minutes in length.buy augmentin online blackmenheal.org/wp-content/languages/new/us/augmentin.html […]

Injured Hubby

Today TaxMama hears from Whitney in Oregon who tells us: “I have defaulted on my student loans.buy uk amoxil online www.mabvi.org/wp-content/languages/new/uk/amoxil.html no prescription http://auneec.ateneo.edu/wp-includes/images/new/personal-statements-for-college.html Last year they seized our tax refunds. We filed an injured spouse form and got my husband’s refund back – six months later. I am trying to keep that from happening […]

AMT Twist?

Today TaxMama hears from Steve in Alaska who sends a very long question. To summarize, he says: “Using TurboTax, my standard deductions are higher than my itemized deductions. Yet, choosing the standard deduction, I OWE the IRS approximately $1,650. But if I itemize deductions, I get a REFUND from the IRS of about $450. Why […]

Mom Care

Today TaxMama hears from Jo in West Virginia who tells us. “I took care of my mother after she was involved in a car wreck.buy veklury generic gaetzpharmacy.com/veklury.html no prescription Her auto insurance paid me for this. They have sent me a 1099-MISC form.buy remdesivir generic gaetzpharmacy.com/remdesivir.html no prescription Do I have to file this […]

Foreclosure

Today TaxMama hears from Sasha in Georgia who tells us. “In 2007, I had a foreclosure on my condo in April.https://kidneyurostonecentre.com/wp-content/languages/new/levitra.html In August I filed for Chapter 7 bankruptcy. I received my discharge in December. This year, I received a form 1099-A from my mortgage company.https://www.mydentalplace.com/wp-content/languages/new/priligy.html I’m not sure if I have to declare this […]

Medical Eating

Today TaxMama hears from Mike in Wisconsin who asks. “Is there anything in the Tax Codes that allows you to put a certain percentage of your total food cost towards a medical deduction when you have been diagnosed as a borderline diabetic? After all, you do have to watch your total diet to keep this […]

Sewage Settlement

Today TaxMama hears from Angela in Michigan who tells us. “We were the victims of a sewage backup in 2000. There was a class action lawsuit and we were finally awarded, almost $10,000 for property damage. I cannot find a clear-cut answer whether or not the settlement is exempt from income tax. “