Tag Archives: Finance
Today TaxMama hears from PA in the TaxQuips Forum with a quick question.https://www.parkviewortho.com/wp-content/languages/new/elavil.html “I recently completed my home construction.buy wellbutrin online https://taxmama.com/wp-content/forum/styles/new/wellbutrin.html no prescription I used a loan from my credit card to consolidate other credit card purchases for material. I have a paper trail documenting the transactions.https://www.parkviewortho.com/wp-content/languages/new/ivermectin.html Can I use a withdrawal of ,000 […]
Today TaxMama hears from Suzan in California with is bewildered. “Someone sent me an email stating that they were told by H&R Block that divorced couples can split their children’s dependency exemption based on a new ruling for 2009. That the exemption can be split six months for Mom and six months for Dad. I’ve […]
Today TaxMama hears from Bill in the TaxQuips Forum with a common misconception. “I have a W-2 through my employer and contribute to their 401k plan. I also have $30,000 net rental income from Schedule E as a sole proprietorship. Can I contribute to a SEP or any other type of retirement plan to shelter […]
Today TaxMama hears from Stephanie from Minnesota, who tells us.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/flexeril.html “My husband and I own two homes.buy black cialis generic https://yourcialisrx.com/black_cialis.html over the counter My sister is currently renting our first home from us and we live in the 2nd home. Can we claim both homes’ interest on our taxes?buy cialis generic https://yourcialisrx.com over […]
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 Elaine in the TaxQuips forum, who tells us. “I have a client that is retiring now at age 55. He will receive $185,000 in deferred compensation. The company will withhold 1,000 for lifetime medical insurance for him.buy singulair online https://taxmama.com/wp-content/forum/styles/new/singulair.html no prescription Can the whole $111,000 be deducted in the year […]
Taxpayers with disabilities may qualify for a number of IRS tax credits and benefits. Parents of children with disabilities may also qualify. Listed below are seven tax credits and other benefits that are available if you or someone else listed on your federal tax return is disabled. Standard Deduction Taxpayers who are legally blind may […]
Today TaxMama hears from David in Arizona who got an unpleasant surprise. “I work for a restaurant that has not collected tip income info from our wait staff, and has not done any subsequent withholding. I am the lucky one who inherited payroll responsibility mid-year. I just learned of this oversight when prepping W2’s for […]
Today TaxMama hears from Matthew in California who begs leave… “I withdrew money from my IRA for a first time home purchase. The amount was over $10,000, the lifetime maximum. Can any of the portion over the k mark be attached to my wife’s name?buy cytotec online redemperorcbd.com/wp-content/languages/new/prescription/cytotec.html no prescription https://lightsailed.com/homeschool/wp-content/languages/new/online-cv.html In effect, could we […]
Today TaxMama reads an article from Al Tompkins at Poynter.org who ponders “Is earthquake insurance worth the cost?”
Today TaxMama hears from Mike in Colorado who can’t find an answer. “IRS Publication 537 has a section describing how to calculate a gain, and your new basis, when you repossess real estate. But all the examples, and the instructions describe how to make these calculations when you originally reported the sale using the installment […]