Today TaxMama hears from Helen in AZ who has this question, “I have a 1992 IRS tax debt of $30,000. I got married in 1999. Is my husband responsible for this debt? We have never filed joint returns.”
Tag Archives: Business/Finance
Today TaxMama hears from Brian in Kentucky who tells us. “In 2006 I sold my house and had some decent profits. I decided to invest some of it and lost $13,000 quickly in the stock market so I closed my accounts. No more of that for me. If I don’t have any capital gains in […]
Today TaxMama hears from Jim in Delaware who tells us. “I am applying to open a business account and they want 2 years of personal tax return records. However, I have not filed recently. If I create the numbers on a 1040 form using information I believe is correct, will that pass bank scrutiny? Do […]
Today TaxMama hears from Kerry in Iowa, who tells us. “My husband is a sole proprietor general contractor. The lumberyard has handed him some great jobs. But they have been the general contractor on them. They pay my husband for his contracts with them. Recently, we hired a subcontractor to do the electrical work, which […]
Today TaxMama hears from Bob in North Carolina who is envious, “I have a couple of friends with company cars that they drive everywhere – on business trips or family trips – both. The company pays all the costs for the vehicle (including gas)! One friend pays only $100 per month for this pleasure. Since […]
Today TaxMama hears from Megan who is appalled, “I heard that when deducting expenses for a business lunch (say, you and a client went out for lunch to talk shop), you are only allowed to deduct 50% of the price of the meal. That is, only their portion of the bill as a legitimate tax […]
Today TaxMama hears from Bill, in New Hampshire, who tells us, “I am employed with a work sponsored 401(k) plan to which I contribute the maximum PLUS the catch-up limit. I am also self-employed with a SEP to which the maximum is contributed.buy canada temovate online http://healthinschools.org/wp-content/languages/new/canada/temovate.html no prescription Can the SEP also accept a […]
Today TaxMama hears from Don in Ocala, FL who wants to know, “if I withdraw funds from my 401k, are they taxable under state law?”
Today TaxMama hears from Sarah in Louisville, KY who has this story, “I am part of a group of 40 businesses who have joined together to purchase ads.buy levitra online https://www.conci.com/wp-content/languages/new/levitra.html no prescription We do charge a small membership fee for members which goes for our website and press releases etc. All ads are split […]
Today TaxMama hears from Steve in Massachusetts who asks, “Can a federal criminal fine of $60,000 be tax deductible?”
Today TaxMama hears from Sherrie in Salina, KS, who tells us, “I am an independent marketing executive working out of my home.buy flexeril online www.pharmalucence.com/wp-content/languages/new/generic/flexeril.html no prescription The company I work for requires a monthly purchase in order to earn commission checks. Can I claim the cost of that monthly purchase as a business expense […]
Today TaxMama hears from Noe in Texas, who wants to know. “Why should taxpayers avoid companies that prepare tax returns free of charge on the condition that the customer uses their refund as a down payment on a car or that offers them the refund as a loan like that? How they can do better?”