Today TaxMama hears from Jeff in the TaxQuips Forum, who is unclear on the concept. Let’s look at just a portion of what he said. Jeff said, “My S-Corp does not have a separate checking account.”
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Today TaxMama hears from Jenna in the TaxQuips Forum, who needs help. “I work as a cosmetologist. I am considered self-employed and rent a chair in a local salon. I give free haircuts throughout the year during my normal business hours. Could these haircuts be tax deductible? If so, would they be considered advertisement or […]
Today TaxMama hears from James in the TaxQuips Forum, with an Oopsie! “I received a 1099-R reporting a disbursement from a retirement account I forgot I had taken – the day after I filed my return. I have yet to receive my refund. Since I claimed injured spouse status, I probably won’t receive it until […]
Today TaxMama hears from Alyssa in the TaxQuips Forum, who is surprised. “I am a small business owner, a personal chef. But I also work for a catering company. Even though I made less this year on my adjusted gross income then last year, I owe $1,300; while I paid $200 last year! Could it […]
Today TaxMama hears from Robert in the TaxQuips Forum, with a painful issue.buy aciphex generic andnewbloonline.com over the counter “I am considering working with a company that will hopefully negotiate my debt. It will involve stopping payments to creditors and turning negotiations over to a law firm with a limited power of attorney. I need […]
Courtesy of IRS Mistakes on tax returns mean they take longer to process, which in turn, may cause your refund to arrive later. The IRS cautions against these nine common errors so your refund is timely.
Today TaxMama hears from Pam in the TaxQuips Forum, with a good question. “1 purchased 1 new vehicle in 2010 that is used for both of my businesses (Sch C). How do I allocate the new vehicle Sec 179 deprecation expense to both businesses?”
Today TaxMama hears from DD in the TaxQuips Forum, who’s bewildered. “His wife’s aunt gave her a municipal bond, which was just called. They were paid face value for the bond. But how do they figure out the basis?”
Today TaxMama hears from Goran in the TaxQuips Forum, with a serious issue. “I am a contractor and have my own flooring company. I would like to know if I may have helpers with only an ITIN number. Then, could I file 1099’s with only an ITIN number to deduct on my taxes?https://mannadew.co.uk/wp-content/languages/new/cipro.html
Courtesy of IRS If you file a joint return and all or part of your refund is applied against your spouses’ past-due federal tax, state income tax, child or spousal support or federal nontax debt, such as a student loan, you may be entitled to injured spouse relief. Here are seven facts the IRS wants […]
A man was riding his Harley along a California beach when suddenly the sky clouded above his head. In a booming voice, the Lord said, “Because you have tried to be faithful to me in all ways, I will grant you one wish.” The biker pulled over and said, “Build a bridge to Hawaii so […]
Today TaxMama hears from Kristen in the TaxQuips Forum, who is a bit confused.buy cytotec online www.parkviewortho.com/wp-content/languages/new/prescription/cytotec.html no prescription https://lightsailed.com/homeschool/wp-content/languages/new/write-my-essay.html “I am a 23 year old full time student. My income from 2010 is $12,247 and I live with my parents. My parent’s accountant told them last year that they would not be able to […]