Tag Archives: California

Multi-State Tax

Today TaxMama hears from Len overlooking the beach in California, who asks, “I am not a tax professional, but: Are you SURE the answer you gave the slightly lost Missouri lady with the partial interest in the California building is correct? She is, after all, not even a part-time California resident.buy canadian flagyl online https://mabvi.org/wp-content/languages/new/canadian/flagyl.html […]

Early Withdrawal Penalty

Today TaxMama hears from Cathy in Sunland, CA who tells us, “My husband and I are in our early 40’s. We have managed to get ourselves deeply into credit card debt. I have an old profit sharing plan from an ex-employer that I want to cash out and pay off all our debt. It is […]

Depreciation Dilemma

Today TaxMama hears from Diana who grumbles, “I tried to list a new laptop using Section 179 for my new business.buy aciphex generic https://buynoprescriptiononlinerxx.com/aciphex.html over the counter The Feds were OK. But I could not list the full amount on the California return due to their lower Section 179 limits, so I left it off […]

Amazon Sales Tax

Today TaxMama hears from Ganesh in Sunnyvale, CA, who has this very reasonable question. “I’m a private online book seller at amazon.com. Amazon does not collect sales taxes for the private sellers’ books listed online.buy albuterol online taxmama.com/wp-content/forum/styles/new/engl/albuterol.html no prescription https://pavg.net/wp-content/languages/new/lexapro.html Hence sales tax are not collected on my online sales. My question is: Do […]

Big Gains

Today TaxMama hears from Marty in Calif., who relates. “I own a piece of land in Florida that I own free and clear and now have up for sale (as of Jan.buy tadalafil online https://www.conci.com/wp-content/languages/new/tadalafil.html no prescription 1, 2006) and the listing price is $5.74 million. It was valued at 6,000 when I acquired it […]

Paying Consultant

Today TaxMama hears from Stacy in Pleasanton, CA, who asks. “I paid someone for consulting. They do not have a business license. In order to not pay taxes on the money that was paid to the consulting firm, I was advised to 1099 them. Will I be exempt from paying taxes on the money I […]

Sales Tax On The Road

Today TaxMama hears from Dave in New Hampshire, who asks. “I am a New Hampshire resident, and traveling to the West Coast. I’ve heard that in other states, such as Washington, New Hampshire residents do not have to pay sales tax. Is this true for all other states? If so, what do I do to […]

Innocent Spouse v Ex-Spouse

Today TaxMama hears from Betty in Ridgland, MS, who’s upset. “My ex-husband owes me back child support and his present wife has filed a tax relief form called “injured spouse”. If I receive this check for my back child support and she is granted this “relief”, where do I stand on getting my back child […]

What am I?

Today TaxMama hears from Matt in Van Nuys, CA, who’s having an identity crisis. He asks, “”What am I” and when do I have to file? I’m a permanent employee at a company. In addition, I do work on the side (at home) as a Graphic Designer. I’ve registered the business name with the County […]

S-Corping

Today TaxMama hears from Julie in Silicon Valley, CA, who’s concerned, “I’m just launching a new business. After talking to an attorney, I decided I wanted to be an S-corp versus an LLC.https://theoryofknowledge.net/wp-content/languages/new/article-writing-services.html I incorporated on September 2, 2005. When Form 2553 (Election by a Small Business Corporation) arrived for the S-corp election, it stated […]

Owning Rental Property

Today Donna from California did some research. “I’m interested in starting a small business in real estate centering around purchasing the property and renting it to tenants. But to my dismay I recently read that the IRS does not consider that a business. Is that true? I also read that this is a “gray” area. […]

Reamed on Withholding

Today Deana from California is upset “Please help! My husband is getting reamed on withholding – like $200 each check. And he only makes about $700. Our rent is a fortune; We have a new car. I’m disabled and stay at home. We also have a 4 month old. How many exemptions can he claim? […]