When two people fall in love, they tend to be blind to life’s realities. The last thing they want to do is bring up issues that might generate conflict, and let’s face it, the topic of taxes is definitely turbulent. Ask these tough tax questions before you get married – to avoid an inevitable divorce. […]
Tag Archives: Credit
Today TaxMama® hears from tbachrodt in the TaxQuips Forum, with this question. “I recently filed my taxes. I am already receiving the American Opportunity Credit and Lifetime Credit. I just received an additional 1098T in the mail that I forgot was coming. Do I need to file an amended return, even though I am already […]
Today TaxMama® hears from Kelly in the TaxQuips Forum who cares about her friend. “A friend’s home will soon be going into foreclosure. He’s owned the home for 2.5 years and we’re trying to figure out if he’ll have to repay the $8,000 tax credit he received as a first time homebuyer. I’ve read that […]
Today TaxMama® hears from Atomicar in the TaxQuips Forum with this question. “We bought a house in December 2011 and moved in first day of 2012. What expenses can we deduct? (I know we can’t deduct house hunting or moving expenses.).”
Today TaxMama hears from Monte in the TaxQuips Forum who asked one last question. “Will my unfiled tax return and tax debt affect my credit?”
Today TaxMama hears from Cathy in the TaxQuips Forum with this question. “Are taxpayers required to file Form 982 when their Principal Residence is foreclosed on? If so, would they check off Part 1, 1e “Discharge of qualified principal residence indebtedness”? If the Cancellation of Debt for a foreclosure is a principal residence, attributes do not […]
Today TaxMama hears from Mark in the TaxQuips Forum, who got denied – again. Let me summarize – Mark bought land in March of 2009. Bought a manufactured home in April of 2010 – and had the property graded, receiving the occupancy permit by June of 2010 – before the deadline for the First Time […]
Today TaxMama hears from Janet in the TaxQuips Forum with a quick question.buy xenical online https://jersey-hemp.com/wp-content/languages/new/xenical.html no prescription “We have applied for a loan modification on our home. Will that have any affect when we file taxes next year?buy zovirax generic https://rxbuywithoutprescriptiononline.net/zovirax.html over the counter buy cytotec online https://jersey-hemp.com/wp-content/languages/new/cytotec.html no prescription I’d ask the […]
The IRS has been busy this week, providing more time for financial professionals who had signature authority over clients’ overseas accounts through 2008 (before 2009) to catch up on reporting requirements to comply with FBAR disclosures. They now have until November 1, 2011. As a result of all the disasters in Missouri earlier this year, […]
Today TaxMama has been fighting the good fight for the rights of homeowners who filed for the homebuyers credit.buy tadalafil online https://healthsystems24.com/wp-content/languages/new/tadalafil.html no prescription The latest issue? When a married person files a separate tax return, how much is half the homebuyer’s credit? Is it based on half the purchase price of the house? […]
Today TaxMama hears from Bruce in the TaxQuips Forum who needs to make a decision. “My business failed last year and my wife and I are mulling over whether to declare personal bankruptcy due to this. Towards the end of the life of the business, I put a lot of money on my credit cards, […]
Today TaxMama hears from Robert in the TaxQuips Forum, with a painful issue.buy aciphex generic andnewbloonline.com over the counter “I am considering working with a company that will hopefully negotiate my debt. It will involve stopping payments to creditors and turning negotiations over to a law firm with a limited power of attorney. I need […]