Today TaxMama hears from Jim in Missouri who’s come up with a winner. “I am on the board of directors for a Lutheran school. We wish to enter a raffle for a prize (car, jewelry, etc.), then offer whatever what is won at our annual dinner/silent auction night. If we win one of the items […]
Tag Archives: *Education
Today TaxMama hears from the Joni in Il who is concerned, “Our daughter is going to a school away from our home, but in the same city as her grandparents. So she is moving in with them. If we allow her to establish residency with her grandparents, her tuition will be less. Would we still […]
Today TaxMama hears from Leah in New York with great news. “I’ve won a Rotary Scholarship and will study for a Masters degree in Italy beginning this fall. Is any or all of the scholarship taxable? The scholarship covers tuition as well as a room & board stipend, airfare, and tuition for a language school. […]
Courtesy of NAEA – The National Association of Enrolled Agents Small Business Tax Breaks to Be Sent to President (Again) Congress this week approved a package of small business tax breaks and an increase in the minimum wage; both were tagged onto H.R. 2206, a bill funding the Iraq war through September 30, 2007. President […]
Today TaxMama hears from WW in the Tax Parlor, who tells us. “I have a full time job in a corporation. I also teach Yoga part time as an employee. My full time job has nothing to do with Yoga. Can I deduct the cost of Yoga teacher training and Yoga books?” Dear WW, You […]
Today TaxMama hears from Mike in the Tax Parlor says, ” I was just wondering how the Hope Credit works. I am a Graduate Student and was disappointed that my refund was low (about $200 compared to previous years when it had been $500), so I was going through looking for things I missed. I […]
Today TaxMama hears from Ann in Texas who wants to know. ” I am a single mother of two children and they attend private schools. I pay Church fees to my daughter’s school only. This is for Parishoner fees. Can the money that I invest in private schools and Church fees be claimed on my […]
IRS Plans Feb. 3 Start Date for Processing Extender Claims IR-2007-03, Jan. 8, 2007 Washington — The Internal Revenue Service plans a Feb. 3 start date for processing tax returns that claim key tax provisions enacted in December. The IRS announced today that it will begin processing both e-file and paper tax returns on Feb. […]
Today TaxMama hears from Joan in Los Angeles, who has a quick question. “I am a high school teacher. This year I spent a considerable amount of money to become certified to teach yoga in order to teach at my high school as well as at local yoga studios. I didn’t earn any income this […]
Today TaxMama hears from Tanya on the Internet, who wants to know, “Can I deduct the expenses related to newspapers or newsletters recommending stocks?”
Today TaxMama hears from Eddie in Tampa, Florida, who has this tale of woe. “For the first half of 2005, I was living off of my unemployment benefits, and then a VA stipend, which wasn’t taxable. From late May until end of August, I had work-study. From August until the present, I have lived entirely […]
Today TaxMama answers Terry of Morristown, MN says “I am a future college student with plans to study Industrial Design. I am asking wealthy people that I know for college donations and that type of thing. I was wondering if it was a tax write-off if they donated to a student’s college fund.”