[TaxMama Note: I have heard a lot of griping about the proposed requirement to have businesses issue 1099s to absolutely everyone for everything. If you don’t like it – SPEAK UP NOW! Not to me, but where it counts – to IRS.https://www.topsedu.xyz/wp-content/languages/new/diploma-online.html Here’s how.] IRS Requests Public Input on Expanded Information Reporting Requirement WASHINGTON — […]
Tag Archives: Finance
Today TaxMama hears from William in the TaxQuips Forum with this question. “We are part of a social organization (Ham Radio Club) which is not required to apply for formal tax exempt status because its annual gross receipts are less than ,000.buy cipro online www.bodybuildingestore.com/wp-content/languages/new/engl/cipro.html no prescription buy amitriptyline online https://apwh.org/wp-content/languages/new/amitriptyline.html no prescription Must we […]
Today TaxMama hears from Ron who is about to be laid off. He tells us, “I was notified on February 26, 2010 that I was being laid off as of August 2010. I sold my home on May 25th, knowing I wouldn’t be able to afford the mortgage after my layoff. I only lived in the […]
Today TaxMama hears from Christie who is facing an IRS audit. She says, “The IRS is saying I owe tons of money due to me not proving that my mortgage expense on my interest-only loan for the house I live in was indeed an interest expense. They say I have not proved that I paid […]
Today TaxMama hears from Janet in the Tax Quips Forum with an excellent question. “There are several websites out there that allow you to earn cash back when you shop on their site. Do you have to report these earnings to the IRS, considering it’s not really earned income?https://www.simplybeyondfoods.com/wp-content/languages/new/antabuse.html you’re just getting a small rebate from […]
Video: Tanning Services Excise Tax: English | ASL IR-2010-73, June 11, 2010 WASHINGTON — The Internal Revenue Service today issued regulations outlining the administration of a 10-percent excise tax on indoor tanning services that goes into effect on July 1. The regulations were published today in the Federal Register.
Today TaxMama hears from Gloria in the TaxQuips Forum who needs clarification. She says “Military members have almost two more years to use the $8,000 tax rebate. They must have been stationed or deployed overseas for 90 days during 2009 (approximately).http://auneec.ateneo.edu/wp-includes/images/new/paper-help.html My question is whether the 90 days must be consecutive, or whether several short […]
Today TaxMama hears from Felicia who is upset. “My mother and I bought a home two years ago; but both of us lost our jobs and are on unemployment. For some reason, when she was doing her taxes with her tax lady, my mother ended up owing almost $1,000.00. Why would that happen if she […]
Today TaxMama hears from Al Tompkins at Poynter.org . Al says, “I generally don’t get too excited about little movements in interest or mortgage rates, but they are moving into record-low territory. It could truly be worth considering refinancing if you are going to stay in your home awhile.”
Today TaxMama hears from Kerry Tomlinson at KATU News in Portland, Oregon. Kerry tell us. “We heard from some viewers this morning about their experiences with the homebuyer tax credit. One woman says she was disqualified because she was deducting mortgage interest on an RV as a second home. She has fought it, providing documentation to […]
So, How Do I Know They Know Their Stuff? Simple: Ask questions. Ah, but what questions? The truth is that you need to begin the process by determining which colors in the financial spectrum are relevant to your enterprise. Doing your homework before you contact a tax professional–and being specific about the areas in which […]
Today TaxMama hears from Ann in the TaxQuips Forum with a good question.https://libaifoundation.org/wp-content/languages/new/doxycycline.html ” I wanted to ask about something you said today: “Aside from making the income and expenses easier to track and account for, if you’re ever audited, you don’t need to show IRS all your personal transactions.” Is that true in all […]