Today TaxMama® hears from Grandma in the TaxQuips Forum, who tells us. “We have a rental, which was left to us in a trust. It only brings in $500.00 a mo which is ,000 a year.buy xifaxan online https://pridedentaloffice.com/wp-content/languages/new/xifaxan.html no prescription It is very old and has quite a few repairs each year. We have […]
Tag Archives: Income tax in the United States
WASHINGTON —The Internal Revenue Service today provided late-payment penalty relief to individuals and businesses requesting a tax-filing extension because they are attaching to their returns any of the forms that couldn’t be filed until after January.buy elavil online https://www.conci.com/wp-content/languages/new/elavil.html no prescription The relief applies to the late-payment penalty, normally 0.5 percent per month, charged on […]
Courtesy of the IRS Some children receive investment income and are required to file a federal tax return. If a child cannot file his or her own tax return for any reason, such as age, the child’s parent or guardian is responsible for filing a return on the child’s behalf. There are special tax […]
[TaxMama Note: If you have not yet filed for 2009 and have a refund coming – FILE IMMEDIATELY! If you are still waiting for data, documentation or anything else that prevents you from filing, then file a PROTECTIVE CLAIM. i.e. File a tax return. Write PROTECTIVE CLAIM on the top of the first page. Include […]
Today TaxMama hears from Scott in the TaxQuips Forum who needs guidance. “My mother in law babysits for me, and I pay her a flat amount every month to do so. Her only job is working for us right now. She needs 3 more years of income to earn enough credits to be fully […]
Today TaxMama® hears from Michele in the TaxQuips Forum, with this question. “My client files MFJ with a son. The son made $1,237 on a W-2 and he received a K-1 with $137 in box one (business income) and $1,832 in the self-employment box. Does a K-1 qualify as investment income? Will the parents be […]
Courtesy of the IRS WASHINGTON — The Internal Revenue Service today reminded parents and students that now is a good time to see if they qualify for either of two college education tax credits or any of several other education-related tax benefits. In general, the American opportunity tax credit, lifetime learning credit and tuition and […]
Today TaxMama® hears from Yimmy in the TaxQuips Forum, who wants to know. “I moved into a newly constructed home in Oct.https://www.giveapint.org/wp-content/languages/new/propecia.html 2012. Are the sales taxes paid on the construction materials used in building the home tax deductible?buy cipro online www.mabvi.org/wp-content/languages/new/usa/cipro.html no prescription The home is in Georgia.”
Dear Family, Odd-funny things keep happening around here. Like scraping ice off my windshield – in California! Like going to our breakfast meeting and the restaurant is closed. Like the IRS press release that that help and information is available in Spanish – but the press release was in English. Like my friend sending me […]
Courtesy of the IRS [TaxMama Note: When using Direct Deposit be sure to TRIPLE check your bank account numbers. If you make one tiny mistake, with just one digit, someone else will get your refund. And the IRS will not help you get it back.] Direct deposit is the fast, easy and safe way to […]
Courtesy of the IRS It’s important to use the correct filing status when filing your income tax return. It can impact the tax benefits you receive, the amount of your standard deduction and the amount of taxes you pay. It may even impact whether you must file a federal income tax return. Are you single, […]