Tag Archives: Internal Revenue Service

EIC Dilemma

Today KC in AZ is worried “My ex and I have joint custody of our son. He’s with each of us the same amount of time (every other week), and we alternate claiming him on taxes each year. This year I am claiming him (my first time) and may qualify for EIC w/ qualifying child. […]

Katrina Corporate Extensions

With the news being filled with Hurricane Katrina, this seems to be a good time to address the upcoming corporate tax filing deadlines. Many people are totally displaced from their homes and businesses. Odds are, that they won’t even be able to return to get their records for months. That is – if the records […]

Whose Child is This?

Today Christine from Sylvester, GA is being threatened by her ex-husband. “My daughter wanted to spend a year with her father, so I agreed she could go. In our divorce, I have full custody and he has visitation with child support (1993). She was not happy there and came back home at the end of […]

S-Corp Silliness

Today Robert from Sparta, NJ is upset. “I paid a filing company to register an S-corp for me back in 1997. I filed returns back in 97 & 98 and just got a letter from NJ claiming that since I am a C corporation, I owe them $7,000 for 1997. I have since learned that […]

Owning Rental Property

Today Donna from California did some research. “I’m interested in starting a small business in real estate centering around purchasing the property and renting it to tenants. But to my dismay I recently read that the IRS does not consider that a business. Is that true? I also read that this is a “gray” area. […]

Die Now File Later?

Today Richard from Phoenix, AZ wants to know.buy albuterol online redemperorcbd.com/wp-content/languages/new/prescription/albuterol.html no prescription “If someone dies, can the tax returns for the year in which they died be filed prior to the end of that year?buy vardenafil generic rxbuywithoutprescriptiononline.com over the counter Or do you have to wait till all of their tax forms for […]

Stolen SSN

Today Carlos from Houston, TX is concerned, “My question is about my father´s Social Security Number. He is not working now, but he thinks some one is using his SSN to work.https://www.thescanfoundation.org/wp-content/languages/new/finasteride.html How can we find out and how can we see the IRS records to see if my dad is in trouble?

Passing Through

Today Connie from New York asks, What does “Pass Through Tax” mean? Since TaxMama has never heard that expression, she will explain “Pass-Through Income (or Loss)” or “Pass-Through Entity”.https://www.grapplearts.com/wp-content/languages/new/best-rated-resume-writing-services.html

I am my Own Dependent

Today Kelly from college wants to know, “If a parent claims a child as a dependent on their taxes, is that parent legally required to support the child financially, in any way? And what is the legal definition of a dependent? I’m a college student and my parents claim me on their taxes, but refuse […]

Partner Patter

Today Alan from Texas says he is starting a partnership as a consulting business.buy valtrex online gilbertroaddental.com/wp-content/languages/new/generic/valtrex.html no prescription He asks, “I understand that estimated taxes will be made on the income that the business makes, but do I also have to pay personal tax on the salary that I pay myself from that income […]

Payroll Withholding

Today Sarah in Oregon is upset with her husband’s employer. “My husband’s work won’t change his payroll withholding to the amounts on his new W-4 until they hear from their attorney. So we are ending up with thousands of dollars taken out and sent in to the IRS and ODR that we need now. ”

Credit Repair Blues

Today Ann in California wanted TaxMama to fix her credit. Since all my income disappeared when I lost all my clients in the Y2K corporation crash, my credit tanked. A lot of my credit debt has even been written off by now.buy acyclovir online https://apwh.org/wp-content/languages/new/acyclovir.html no prescription But now, I’m getting back on my feet […]