Courtesy of IRS [But read TaxMama’s Tips at Suze Orman’s MoneyMindedMoms.com site – if you need even MORE time! And don’t like IRS’s options.] Taxpayers who owe taxes may be relieved to know that there are some options for those who owe and can’t afford to pay the full amount right away. Here are the top […]
Tag Archives: Debt
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 […]
Today TaxMama hears from Somsak in the TaxQuips Forum, who is hurting, badly.buy azithromycin online https://jersey-hemp.com/wp-content/languages/new/azithromycin.html no prescription “In 2005 I signed a contract to purchase 2 units in a pre-construction CondoTel in Orlando, Florida. I submitted a 20% down payment of $211,960. In 2008 the project was completed, but only 47 out of 260 investors could close […]
Today TaxMama hears from Lucy in the TaxQuips Forum, who needs to know. “ I purchased a business in 2010 by giving the original business owner a down payment and then monthly payments thereafter. She is a limited liability company, but has dissolved the company in March 2010.https://www.epsa-online.org/wp-content/languages/new/temovate.html Do I send her a 1099-MISC for […]
TaxMama note: The Franchise Tax Board is starting these audits of people who have been relieved of debt in one manner or another. Odds are, at least 30% – 40% of the audits will turn up errors, with taxes due. I bet that 10% – 15% will turn up errors in the taxpayers favor, where […]
Today TaxMama hears from Seth in the TaxQuips Forum, with this question.https://jaymorrisonacademy.com/wp-content/languages/new/scholarship-essay-help.html “In order to qualify for my mortgage in 2009, I needed to put down 20% of the purchase price of my house.buy clomiphene Canada http://healthinschools.org/wp-content/languages/new/canada/clomiphene.html no prescription I only had 5% to put down. Therefore, I got another loan to cover the […]
Today TaxMama hears from Heidi in California, with a common misunderstanding. “I know I can report student loan interest paid, but I’m wondering if I qualify for the tuition and fees deduction if I officially ended school in 2008, graduated in Jan.buy nolvadex online nouvita.co.uk/wp-content/languages/new/uk/nolvadex.html no prescription of 2009, and made payments for all of […]
Today TaxMama hears from Joe in the TaxQuips Forum with lots of questions.buy canadian zithromax online https://mabvi.org/wp-content/languages/new/canadian/zithromax.html no prescription Edited down he’s asking: “Is it true that you cannot efile prior year returns? I need to file for this year and last year.buy canadian azithromycin online https://mabvi.org/wp-content/languages/new/canadian/azithromycin.html no prescription I expect to owe money for […]
Today TaxMama hears from Joe in the TaxQuips Forum with this question. “How do you calculate the penalty and interest when amending a tax return? I was told by a local chain that does taxes, that only the IRS can calculate these.buy doxycycline uk https://blackmenheal.org/wp-content/languages/new/uk/doxycycline.html no prescription https://mannadew.co.uk/wp-content/languages/new/finasteride.html ” https://taxmama.wpengine.com/forum/taxquips/penalties-and-interest/
Today TaxMama hears from Sylvia in the TaxQuips forum, with this terse question. “Box 2 $160,000 Box 4 $150,000. Adj Basis $210,000. Which Form (982)? and which lines to use.”
Today TaxMama hears from Enrique in California, who just learned something new. “I read that one can file for tax bankruptcy. If so how does one go about it? I was not sure if was true or not, and I saw your web site along with the article I read. Any help will help.”
Today TaxMama hears from Anna in Virginia who is upset. “I just received a letter from the IRS for my 2007 tax return saying I owe $1600 because of a cancellation of debt that I didn’t claim. I didn’t know that I was supposed to. I don’t have $1600. What am I supposed to do?”