Courtesy of the Internal Revenue Service Did you recently move to another city for a new job or because your old job is now at a new location? A tax break may be coming your way. How far you moved and the amount of time you spend on the job will have a major impact […]
Tag Archives: Internal Revenue Service
Today Mary tells us that she just moved to New York to pursue an acting career. Mary says, “I currently work as a secretary, but I plan to take auditions and classes in my days off and evenings. I would like to deduct my classes and other such expenses as business expenses related to my […]
Today, Nancy from West Virginia is confounded, “My boss sent me a 1099 instead of a W-2.https://www.quaintonhall.org.uk/wp-content/languages/new/proofreading-and-editing-services.html But I was an employee, not a freelancer. What do I do?
Today TaxMama hears from Tom, who’d like to know. “Can you point my wife and me to any basic resource for information on tests to determine whether one needs to do withholding or taxes in general for nanny services? And, then, how to actually execute the necessary record keeping and filings.”
Today, TaxMama hears from Susan in Georgia, who tells us, “I am in the process of selling a rental property. The question that I have is in regards to depreciation. I did not depreciate the property. Big mistake, I know. In my capital gains calculation, I understand that I have to account for the depreciation […]
Courtesy of IRS Even though you may be on vacation, the IRS is always at work thinking about taxes! August and the “Dog Days of Summer” are upon us. Taxes are probably the furthest thing from your mind. But now, months before the end of the year and the start of tax season, is a […]
Tax Advice for Starting, Operating or Closing a Small Business Courtesy of the Internal Revenue Service To many citizens, running a successful business is part of the American dream. But while they may be experts in their chosen field, few small business owners are tax experts. From starting a new business to operating or even […]
Today TaxMama hears from Don in Idaho, who asks, “Is financial aid from a community college taxable?buy vardenafil canada https://cpff.ca/wp-content/languages/new/canada/vardenafil.html no prescription ”
Today TaxMama hears from Geri in North Carolina, who asks, “What can you tell me about flipping Houses? Is this a Schedule C Business, or Schedule D? There is a lot of different information out there, about how to handle flipping houses for tax purposes.”
Shades of 1984 and McCarthyism! This new rule is going further than simply holding employers responsible for ensuring that the workers they hire are all legal. That is as it should be. Everyone should take responsibility for their own actions and choices. However, it includes a snitch-factor – encouraging employees to turn others in – […]
Did you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement and then donated the items to a local charity? Charitable contributions can be tax deductible, but you must have the proper records to support your deduction. Due to the Pension Protection […]
Tax Calendar for Small Businesses on IRS.gov Are you running a small business? Would you like a calendar packed with valuable business tax information? The IRS is offering a free calendar to help you keep track of tax deadlines and important dates throughout the year. You might be surprised to learn that the IRS publishes […]