Today TaxMama hears from Fred in NY who says, “I live in a co-op that is subsidized by the city in the form of a very low interest mortgage and reduced taxes. A consequence of this arrangement is that we do not build any equity in our shares. The corporation is now “going private” by […]
Tag Archives: Finance
Today TaxMama hears from Jerry who says, “I’m finishing up my tax return in Turbo Tax and they have two options – a review by a tax professional for $29.95 and audit defense for $49.95. Are those good values, or should I hire my own personal tax professional?”
Today TaxMama hears from Tommi in NC who asks, “When would be the best time to change from a sole proprietor to an LLC? Now? Or would it be best to wait until the first of the year, since I will have to get a new tax ID number (I will have employees)? Do I […]
Today TaxMama hears from Keith in Wisconsin, who poses this dilemma. “I have resided in my principal residence for three years, uninterrupted. It is on 6.3 acres of land. Two years ago, I had the land subdivided into two lots, one with the house on it, the other vacant land. If I sell both in […]
Today TaxMama hears from William Perez, our Taxes.About.com https://taxes.about.com/ guide who brings up some interesting points about divorce and tax issues in response to yesterday’s Eva, Great question from a reader. I have a client in a similar situation. They are separated but not yet divorced. The other spouse has filed all returns as MFS. […]
Today TaxMama hears from Bill, in New Hampshire, who tells us, “I am employed with a work sponsored 401(k) plan to which I contribute the maximum PLUS the catch-up limit. I am also self-employed with a SEP to which the maximum is contributed.buy canada temovate online http://healthinschools.org/wp-content/languages/new/canada/temovate.html no prescription Can the SEP also accept a […]
Today TaxMama hears from Don in Ocala, FL who wants to know, “if I withdraw funds from my 401k, are they taxable under state law?”
Today TaxMama hears from Ilene in St. Louis, MO, who says, “I was told I could not transfer securities from one account to a deductible IRA for my 2006 contribution.buy neurontin canada http://healthinschools.org/wp-content/languages/new/canada/neurontin.html no prescription https://diwa.gimpa.edu.gh/wp-content/languages/new/holt-online-essay-scoring.html Is this true?”
Today TaxMama hears from Barbara in Georgia, who says, “I was sued by my sister after our father’s death. Are these legal fees deductible?”
Today TaxMama hears from Ginger in San Leandro, CA, who tells us “We sold a $12,000.00 motorcycle to a friend. He was making $260.00 a month payments for 72 months. He moved to AZ and got into a wreck with the bike and the bike was totaled. Because he only paid 4 months out of […]
Today TaxMama hears from Tammy in Texas who tells us, “I got divorced last October. The QDRO account is still in the process of changing over. We split the assets and debts even though I did not have a job.buy amoxicillin online www.epsa-online.org/wp-content/languages/new/prescription/amoxicillin.html no prescription I am trying to pay bills and am unable to […]
Today TaxMama hears from Bobbie in Highland Park, IL who asks, “Should you finance, lease or buy a car with cash?”