Tag Archives: Finance

Home Provided by Employer

Today TaxMama hears from Joe in Maryland with an interesting problem. “I have been offered a great job but I am a little concerned about having to move from my home to the home that is owned by the company that wants to hire me. I will be required to reside in the company home […]

Forced Sale of Stock

Today TaxMama hears from Tim in Seattle, with an interesting question. “Suppose a person owns stock in Company A that subsequently goes private. They are forced to sell their stock in Company A.https://libertyjuice.com/wp-content/languages/new/priligy.html Is there a way to defer taxes on the involuntary conversion of company A’s stock by reinvesting the proceeds in other stocks […]

Adding to 401K

Today TaxMama hears from Joe in Texas with this question.buy augmentin online healthcoachmichelle.com/wp-content/languages/new/online/augmentin.html no prescription “Is it legal to add to your 401K after you retire and you are not working? Suppose you earn money at post retirement employment?”

Two Friends own House

Today TaxMama hears from Bill in New Jersey, with this story. “ I am living with my girlfriend.https://www.fiercereads.com/wp-content/languages/new/dissertation-writers.html We both work and bought a house together in July of 2008.https://www.fiercereads.com/wp-content/languages/new/thesis-writer.html We can both use the mortgage interest write offs on our taxes. Is it possible to simply take the total interest we paid last year […]

Fiance and Homebuyers Credit

Today TaxMama hears from Jennifer in Alabama, who tells us, “I have never owned a home and will be purchasing one in June 2009.https://gilbertroaddental.com/wp-content/languages/new/levaquin.html My fiance did own a home within the last year. To qualify for the $8k first-time homebuyer tax credit, will I have to carry the mortgage loan myself?”

Where to Pay Tax

Today TaxMama hears from Nick in Wisconsin, who tells us. “I own several rentals in Wisconsin.buy amoxil online www.epsa-online.org/wp-content/languages/new/prescription/amoxil.html no prescription I have been a Wisconsin resident for years. If I relocate to Florida where there is no personal income tax, then sell my rentals, will I have to pay capital gains tax to Wisconsin?https://firstcanadianpharm.com/wp-content/languages/new/amoxicillin.html […]

IRS Issues Fall 2008 Statistics Of Income Bulletin

IR-2008-132, Nov. 24, 2008 WASHINGTON — The Internal Revenue Service today released the fall 2008 issue of the Statistics of Income Bulletin, which features information on 138.4 million individual income tax returns filed for tax year 2006. Adjusted gross income less deficit (losses) reported for 2006 totaled $8.0 trillion, an 8.2 percent increase from the […]

New Jersey Exit Tax

Today TaxMama hears from Harvey in New Jersey who tells us. “I am a Senior Citizen & semi-retired. Thinking of leaving the state of NJ. I heard there is a state exit tax. Is this correct?” Dear Harvey, Whew, federal & California taxes are big enough areas for me to keep up with, without learning […]

Default on Sale

Today TaxMama hears from Tony in Texas, with this tale of woe.https://www.grapplearts.com/wp-content/languages/new/write-an-analytical-essay.html “I sold a business and was never paid all of the money that was owed to me. The company closed and went out of business and never paid me. Can I go back to 2006, the year of the sale and recomputed the […]

Sort of Day Trading

Today TaxMama hears from Marty in Colorado, with this question. “Assuming I have a sole proprietorship whereby some of the business is trading stocks (such as day trading), can I properly deduct the cost of software that assists me in doing this trading?buy stromectol online https://healthcoachmichelle.com/wp-content/languages/new/stromectol.html no prescription ” Hi Marty, Hmmm…you can’t have a […]