Today TaxMama hears from Margaret in California, who wants to know, “Do I avoid taxes on my properties if I let them foreclose vs. a short sale? I have pulled out equity to invest and improve my properties and now I am under water big time.”
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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 […]
To listen to this presentation, please use the link in the Resource Box below. Transcript of presentation: Hello. I’m Jean Wetzler, with a reenactment of a March 2009 IRS National Phone Forum on the “Tax Consequences of Canceled Debt”.https://www.fiercereads.com/wp-content/languages/new/executive-resume-writing-service.html The presenter for the phone forum was Anne Freeman, chief of the Individual Review section of […]
Today TaxMama hears from Thomas in Maryland who tells us.buy canadian stromectol online https://mabvi.org/wp-content/languages/new/canadian/stromectol.html no prescription “I was legally separated from my spouse 3 years ago. My spouse passed away 2 years ago. I just received a 1099-C tax statement addressed to her estate.https://libertyjuice.com/wp-content/languages/new/propecia.html Since I was legally separated, am I obligated to report the […]
In this year’s annual report to Congress from Nina E. Olsen, the Taxpayers Advocate, she touches upon areas that have been troubling TaxMama for quite some time. In particular, the fact that millions of taxpayers will be facing potential cancellation of debt issues, hardships paying last year’s taxes, and unregulated tax professionals. IRS Commissioner Doug […]
Today TaxMama hears from Michelle in California who wants to know . “If my payroll tax liabilities were more then $50,000 in 2007, and my payroll is done weekly on Monday, what day is my payroll tax due?”
Today TaxMama hears from Tom in Oklahoma, who’s had a bad year. “Due to unemployment and high child support payments, I’ve had to draw money from my IRAs. I know the exclusions for penalty purposes…but is there anything else I’m missing to avoid the penalty. For instance, suppose I owe taxes this year because no […]
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