Today TaxMama hears from Fredrik in Mexico, with this question. “I’m a German citizen living in Mexico with no intention to move to or to live in the US.https://drugeriemarket.co.uk/wp-content/languages/new/neurontin.html But I would like to invest in the US. Do I need a ITIN number?”
Tag Archives: Internal Revenue Service
Today TaxMama hears from Keri in Massachusetts, who tells us. “I just received an offer for a $50,000 settlement for emotional distress due to a sexual harassment lawsuit I have against a company. They want to 1099 me at the end of the year for the settlement. So I need to know before I agree […]
Today TaxMama hears from B in Washington State, with this question. “If I have passive rental income of 0,000 from a business in Mexico that goes into a trust in Belize, am I required to report that on my 1040 in the US?https://www.seehowcan.com/wp-content/languages/new/college-paper-writing-service.html I am a US citizen and live in the US 100% of […]
Today TaxMama hears from Praveen in North Carolina, who asks. “Can I deduct gains from a rental property sale against my capital loss carryovers from stock sales?https://theteacherpreneur.com/wp-content/languages/new/where-to-buy-papers.html ”
Paying your taxes in full and on time avoids unnecessary penalties and interest. However, if you cannot pay your taxes in full, you may request a payment agreement. Individuals who owe $25,000 or less in combined tax, penalties, and interest can use the OPA application to request a payment agreement. This application will allow you […]
Congress has approved and the President has signed new economic stimulus legislation, the American Recovery and Reinvestment Act of 2009. The IRS is implementing tax-related provisions of this new program as quickly as possible. Detailed information is currently available on the $400-to-$800 Making Work Pay Tax Credit and the Economic Recovery Payment, which is worth […]
Today TaxMama hears from Mark in Albany, NY with a thought-provoking question. “Is there a living donor organ transplant credit that is allowed for 2008?”
Dear Family, An odd thing happened earlier this morning when I was goofing around on Pogo.com, playing one of the solitaire games. I learned something. They have a chat function, alongside the game, which I usually ignore. This morning, it was very busy. Turns out, this woman’s husband had broken a lightbulb, while it was […]
[TaxMama note: This report should be of particular interest to you because when you owe IRS money, your first point of contact is generally the ACS.] TIGTA has publicly released its audit titled “Some Automated Case (ACS) Selection System Large-Dollar Cases Were Not Worked Effectively.” IMPACT ON TAXPAYERS An Automated Collection System (ACS) large-dollar case […]
IRS TAX TIP 2009-30 Education tax credits can help offset the costs of higher education for yourself or a dependent. The Hope Credit and the Lifetime Learning Credit are two education credits available which may benefit you. Because they are credits rather than deductions, you may be able to subtract them in full, dollar for […]
Today TaxMama hears from Carol in Colorado. She asks, “Should my 17 year-old daughter file taxes this year even though she made below the required ,000.http://pmilv.com/wp-content/languages/new/sildenafil.html 00? She earned $4,800.00. Would she qualify for a refund?buy grifulvin Canada http://healthinschools.org/wp-content/languages/new/canada/grifulvin.html no prescription http://pmilv.com/wp-content/languages/new/temovate.html She tells me her W-3 showed 0 withholding.”