Today TaxMama hears from the Joni in Il who is concerned, “Our daughter is going to a school away from our home, but in the same city as her grandparents. So she is moving in with them. If we allow her to establish residency with her grandparents, her tuition will be less. Would we still […]
Tag Archives: Internal Revenue Service
Today TaxMama hears from Rebecca in the Carolinas who has this problem, “I’m on payroll; so I have withholding. But my husband is supposed to pay quarterly taxes, because he is self-employed. He didn’t do it at all in June. I got concerned. So I used the voucher and mailed a scant $100.00 check. It […]
Dear Family, Another fast week. Did you blink – and it’s Friday? OK, you blinked – and I moved TaxQuips.com to a different server. The move went so seamlessly and smoothly that you never even saw it happen. (Only, if you posted any comments or notes after about 1:00 pm PDT yesterday, let me know […]
By David & Mary Mellem, EAs Mr. & Mrs. Moore purchased real estate (vacation home) in 1988. This property was located approximately 3 hours from their principal residence. About 1996 they changed their principal residence to another city in the opposite direction from the vacation home. Due to the longer travel to get to the […]
Your summer vacation may mean a trip to the casino or the racetrack. What will you owe Uncle Sam if Lady Luck happens to be on your side? Gambling winnings are fully taxable and must be reported on your tax return. You must file Form 1040 and include all of your winnings. Gambling income includes, […]
Today TaxMama hears from Sal in New York, who has a gripe. “How many years has the maximum capital loss deduction been set at $3,000? To me it seems like forever. Don’t you think $3,000 is stingy, unfair and unrealistic in today’s investment world? How was that amount arrived at?https://redemperorcbd.com/wp-content/languages/new/premarin.html Why is no one speaking […]
Today TaxMama hears from Charles in Louisiana, who tells us. “I have an Internet consultation business (LLC) and I use my Internet connection and mobile phone primarily (but not exclusively) for business.order flagyl online medstaff.englewoodhealth.org/wp-content/languages/new/order/flagyl.html no prescription Should I be able to expense these?http://www.ijasrjournal.org/wp-content/languages/new/paper-writings.html ”
Today TaxMama hears from Bernie in New York, who’s quite frustrated.http://klassroom.co/files/migration/new/how-to-write-a-thesis-essay.html “My ex-wife and I are working on funding our child’s college education.http://klassroom.co/files/migration/new/how-to-write-analytical-paper.html How can I find out if her ,000 W-2 is complete and honest?buy diflucan online jersey-hemp.com/wp-content/languages/new/online/diflucan.html no prescription Her husband is showing her as his company’s secretary at this reduced income level. […]
Dear Family, Are you invited to a wedding today? You’re not! How can that be. So many people are trying to get married on the lucky 777 day that the Assocation for Wedding Professionals International has put up a map with venues that are still available. Perhaps those couples will hit the jackpot with this […]
WASHINGTON — The Internal Revenue Service today announced a redesigned Form 8857, Request for Innocent Spouse Relief, that will help reduce follow up questions and reduce the burden on taxpayers. The form will ask more questions initially, but collecting critical information early in the process will mean faster processing of the request. The new design […]
By David & Mary Mellem, EAs The Treasury Inspector General for Tax Administration (TIGTA) released a 45 page (pdf version) report dated June 28, 2007 dealing with the Free File Program. There is also a one page “Highlights” of the report. One of the TIGTA concerns was the accuracy of the returns prepared using the […]
Today TaxMama hears from Don in Idaho, who’s being helpful. Don says, “I have a couple of friends who are trying to get their lives in order. They earned about $16,175.00 last year & have 3 children under age 5. I calculate they can receive $730 in Additional Child Tax Credit. Is there anyway they […]