Today TaxMama hears from Laura in the TaxQuips Forum, with these two common issues. “(1) My daughter turned 24 in December of 2009.https://www.mydentalplace.com/wp-content/languages/new/bactroban.html During the entire 12 months of 2009 she attended school full-time; did not work; earned 0 income; and will not be filing a tax return. She lived at home and we […]
Tag Archives: Finance
Dear Family, We were at the IRS Tax Forums last week. You can read all about our experiences in this week’s IRS News. There will be more information next week, as I have time to keep writing. It will just pour out as I sit at the keyboard. The fun part was meeting so many […]
WASHINGTON — The Internal Revenue Service announced availability of the summer 2010 issue of the Statistics of Income Bulletin, which features sole proprietorship data for tax year 2008. About 23 million individual income tax returns reported at least one nonfarm sole proprietorship in tax year 2008, a 2 percent decrease since the prior year. Reported […]
Today TaxMama hears from Toni in the TaxQuips Forum, who tells us. “I’m doing my own partnership taxes and am confused about entering information. In 2009, I bought, fixed up and sold 2 properties. [and Toni adds lots of details. ] I’m confused because I’ve added the gain twice from Form 4797. What am I […]
Today TaxMama hears from Karla in the TaxQuips Forum, with this question. “Is the loss on surrender of life insurance deductible on 1040?”
Today TaxMama hears from Chris in the TaxQuips Forum, who puts out a challenge to TaxMama. He says, “Tax mama has advice for business owners. But how does an individual get more money on their paychecks?”
Today TaxMama hears from Bill in the TaxQuips Forum, who is angry “I don’t want to pay a fee nor spend my time and money on exams and continuing education that I do not choose. I spent my money going through H&R Block tax courses and subscribe to magazines and websites to keep up-to-date with […]
Today TaxMama hears from Terri in the TaxQuips Forum, with an delightful problem to have. “What is the best way to reduce the tax consequences of inheriting land? The person inheriting the land is not related to the owner. He could possibly marry her if that would help matters. The land was inherited and has very low […]
Today TaxMama hears from Karol in the TaxQuips Forum, with an odd question. “I have a paid internship in the Rhode Island state vocational rehabilitation agency and they pay me $11 an hour (I work the most 35 hrs/wk) without taking out taxes. I am worried about what I will owe when I do my taxes later […]
Dear Family, Today’s theme was not planned. By coincindence, the very first two stories I researched this morning are about Orthodox Jewish experiences. In case you didn’t know, I was brought up in that community, attending full-time Hebrew or Jewish schools from nursery school all the way back in Hungary to an early admission to […]
This morning TaxMama received a press release from Harry W. Buckley, president and chief executive officer of Jackson Hewitt Tax Service Inc.buy orlistat online redemperorcbd.com/wp-content/languages/new/prescription/orlistat.html no prescription in response to IRS’s announcement yesterday about removing the debt indicator from the electronically filed tax returns at the time of filing.
WASHINGTON — The Internal Revenue Service today announced that starting with next year’s tax filing season it will no longer provide tax preparers and associated financial institutions with the “debt indicator,” which is used to facilitate refund anticipation loans (RALs). [TaxMama note: please see the related story.]