Today TaxMama hears from IRS, who answered some questions for tax professionals: “My client received a balance due notice on their 2005 return? Why were they charged interest from 4/15/06 when the due date was extended to 4/17/06?”
Tag Archives: Interest
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 Bobbie in Highland Park, IL who asks, “Should you finance, lease or buy a car with cash?”
Today TaxMama hears from Val in Washington, who tells us, “This past year a relative of ours loaned us $70,000.00 to help us build our vacation home. This incredible gift of trust was loaned to us without interest. We are just finishing up the project and will repay the loan in full when we re-finance […]
Today TaxMama hears from Al in Phoenix, AZ, who admits. “Last year I forgot to file one of my 1098 mortgage interest statements (OOPS!). Can I file it this year? If so, How?”
Today TaxMama hears from Ray in Pasadena, CA who asks, “I am about to make a down payment on a house.https://www.datafactories.org/wp-content/languages/new/write-my-research-paper.html It’s a huge sum of money and I’d like to get some miles on the payment if possible.purchase cipro online https://medstaff.englewoodhealth.org/wp-content/languages/new/purchase/cipro.html no prescription Can I pay for this with a credit card? My lender […]
Today Rod from SC has some money burning a hole in his pocket. “If you had $14,000 to pay some bills, which payment would provide the best tax advantage: Pay student your loans of $14,000; Pay car note of 14,000: Or put the total into your home mortgage of $60,000? Please explain your suggestion. My […]