Today TaxMama hears from Monica, who just moved. “My husband and I moved 600 miles away from his last employer in December of ‘05. His new job is a different corporation. He was unemployed from December 16th ‘05 – February 16th ‘06. And he’s been working ever since. My question is – are we eligible […]
Tag Archives: Internal Revenue Service
Today TaxMama hears from Doug, an Enrolled Agent in Northridge, CA who insists that, “The special $5,000 deduction for start-up costs spent by businesses after 10/22/2004 only applies to companies who’ve already started doing business. They can’t take the deduction the year before the business opens their doors.” TaxMama disagreed with Doug, so, it was […]
Today TaxMama hears from Jim in California who tells us. “I’m an affiliate marketer and have spent a lot more money on ebooks and courses than the amount of income I have generated. Are the ebooks/courses tax deductible? Under what category should I put these expenses?” Dear Jim, Making a fortune on the Internet looked […]
Today TaxMama hears from Richard in Georgia who wants to know, “Is the deduction for charitable donations of $500 or less without receipts still allowed?”
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?”
Today TaxMama hears from Ruth in Washington state who tells us, “I’ve just registered a vehicle in WA state after moving from AZ. They require out of state registrants to pay a “use/sales tax” on motorhomes. Mine was almost $3,000. Will I be able to deduct this from IRS taxes?”
Today TaxMama hears from Tom in Durango, CO who wants to know, “If I pay a former employer money to let me out of a non-compete agreement can I deduct the amount from my taxes? If so, then on what form?”
Today TaxMama hears from Cheryl in Kansas who wants to know, “Do you have to file an estate return when the whole estate is going to be less than $200,000? There are 3 heirs (1 in Kansas and 2 in Texas). The assets include the funds from the sale of the house (about $145,000) and […]
Today TaxMama wants to talk about a disturbing IRS policy. It’s based on this question from a reader – “The IRS is wanting to garnish my wages for back taxes from 1998. My ex and I are both responsible, but he is claiming self employment, living with a very wealthy girlfriend. So IRS is coming […]
Today TaxMama hears from Megan in KY who tells us, “I have recently been asked to do some marketing communications consulting work for my previous company. I went on maternity leave last February, then resigned. In this freelance position, I have a cap of 25 hours per week that I may work. This is the […]
Today TaxMama hears from Helen in AZ who has this question, “I have a 1992 IRS tax debt of $30,000. I got married in 1999. Is my husband responsible for this debt? We have never filed joint returns.”
Today TaxMama hears from Eric in San Jose, CA who wants to know, “Internal Revenue Code Section 911 allows you to avoid paying US taxes on money you earned while you are a resident of another country. What does it mean that you have to be a bona fide resident to qualify? Or to have […]