Tag Archives: Internal Revenue Service

Marriage Penalty

Today TaxMama hears from Debby in Illinois who got quite a shock. “I have been married for about a year (have been together for many more). I just found out that my husband did not file tax returns for several years, including at least two when he was self employed. I am in the process […]

Eminent Domain

Today TaxMama hears from Penny in Kansas who asks. “If a gas station owner is forced by the government to sell part of his property so a street can be widened, is that considered involuntary conversion? Eminent domain? Do you know how this situation should be treated tax-wise?”

Deducting Wife’s Taxes

Today TaxMama hears from Ross in NJ who wants to know. “My wife is self-employed and I am employed at an office. We were told that I could adjust my W-4 to cover her estimated taxes, thereby eliminating the need to make quarterly payments. Is this correct? If so, how do we do that?”

Capital Losses – Plus

Today TaxMama hears from Brian in Kentucky who tells us. “In 2006 I sold my house and had some decent profits. I decided to invest some of it and lost $13,000 quickly in the stock market so I closed my accounts. No more of that for me. If I don’t have any capital gains in […]

ITIN Not

Today TaxMama hears from Cindy in North Hollywood, CA who says. “I am 19 years old and am looking for a job that will hire me with an ITIN. Do you know of any websites or places? I have been looking around and just don’t get anywhere. Can you help me or give me any […]

Foreign Taxes Deducted from Dividends

Today TaxMama hears from Jun in Passaic, NJ who asks. “Foreign tax is withheld from my dividends or other investments. Where can I get a credit or deduction on my tax forms?”

Looking Younger

Today TaxMama hears from Deneice in Petaluma, CA, who says. “I am the bookkeeper for an actor, who is (uh hem) getting older. He does commercials and the company he works with would like him to maintain as much of his ‘youthful’ image as possible. For him to do this, he has had some Botox […]

IRS Keeps Refunds

Today TaxMama hears from Lupe in Florida, who tells us. “My sister has not received her tax refund in 2 years. The IRS now owes her $5,000. She has placed many calls to the IRS and continues to get the run around.buy clomid online pmilv.com/wp-content/languages/new/cheap/clomid.html no prescription She was finally referred to theTaxpayers Advocate by […]

Subdivided Personality II

Yesterday TaxMama responded to Keith in Wisconsin, who wanted to sell his home and an adjacent lot that he had paid to subdivide. Keith asked about his options when it came to selling the lots, together or separately.

Subdivided Personality

Today TaxMama hears from Keith in Wisconsin, who poses this dilemma. “I have resided in my principal residence for three years, uninterrupted. It is on 6.3 acres of land. Two years ago, I had the land subdivided into two lots, one with the house on it, the other vacant land. If I sell both in […]

Paycheck Withholding

Today TaxMama hears from Marylu in Texas, who asks a simple question. “How do I get the Percentage of taxes that are withheld from payroll checks?buy lamisil online https://bloonlineandnew.com/lamisil.html no prescription “

Energy Credits

Today TaxMama hears from Penny in Wichita, Kansas, who has an excellent question. “If someone wants to take advantage of the tax credits being offered for energy efficient projects at home (like replacing a furnace or AC unit), how do they do that? “