Today we hear from Don in Idaho who’d like to know, “Are the expenses paid out to repair damage caused by a mudslide deductible? The repairs include fixing the damage to the house, yard and the cost of a massive retaining wall to prevent a like event from recurring.”
Tag Archives: Internal Revenue Service
Today we hear from Tracy in Florida who’s quite unclear. (Every once in a while, I like to show you an unedited question. See if you can figure out what she is asking.) “If you make $65,000 and you have a gift receipt for $90,000 (something you gave, not you were given) claim one dependent, […]
Today we hear from Veronica in New York who has this story.buy flagyl Canada http://healthinschools.org/wp-content/languages/new/canada/flagyl.html no prescription “I received a letter from IRS requesting $2,800 for 2005. I was married in 2005, but left my husband on September 1, 2005 and haven’t been back since.https://www.thebesthealthnews.com/wp-content/languages/new/strattera.html I filed my own separate income tax for year 2005 […]
Dear Family, Looking for a heading for this week’s issue, since tonight is Yom Kippur, naturally the word ‘repent’ comes to mind. But if you’ve ever read Harlan Ellison’s Hugo-award-winning story, you can’t think of the word ‘repent’ without also following that word with ‘Repent, Harlequin!’ Said the Ticktockman. (Ooooh…I just learned that you can […]
September 12, 2007 – Reminder from IRS The Internal Revenue Service is starting a new National Research Program (NRP) reporting compliance study for individual taxpayers that will provide updated and more accurate audit selection tools and support efforts to reduce the nation’s tax gap. This new NRP study, which begins in October 2007, will be […]
Courtesy of IRS IR-2007-159, Sept. 17, 2007 [TaxMama note: This is a resource we requested from IRS at a Stakeholder meeting earlier this year. IRS put it together quickly, in view of all the sub-prime loan defaults. Incidentally, you will also find some simplistic formulae to help with your computations of the tax effects.] WASHINGTON […]
Today we hear from Raj in San Jose, CA who’s got this question “The FTB assessed taxes in 2002 because of stocks I sold.https://alvitacare.com/wp-content/languages/new/synthroid.html I didn’t make money on those stock transactions, so I didn’t bother to file. FTB attached the proceeds from the sale of my home in 2005.buy flagyl online redemperorcbd.com/wp-content/languages/new/prescription/flagyl.html no prescription […]
Today we hear from Charles in Novato, CA who’s got a question. “We lost ,000 last year in the Foreign Exchange market.buy generic amoxicillin online blackmenheal.org/wp-content/languages/new/buygeneric/amoxicillin.html no prescription https://www.cinewebradio.com/wp-content/languages/new/how-to-do-homework.html Can we write off some or more of this loss?“
Today we hear from TR in South Carolina who’s apprehensive, “I just found out that the Common Law Marriage Law has changed in South Carolina as of January 1, 2006.buy xifaxan online pharmacohealthcare.com/wp-content/themes/twentysixteen/inc/engl/xifaxan.html no prescription We have been filing “Married” for the 2005/2006 tax seasons. Since the law has changed and requires a marriage license… […]
Today we hear from Sal in New York who’s angry, “After the smoke from subprime mortgages starts to clear, if CEO’s are convicted of fraud and sentenced to prison terms, do investors’ stock losses created by the CEO’s criminal actions fall under IRS regulations of capital loss or embezzlement? Do taxpayers have the option to […]
Today we hear from Jack in Oregon who wants to know, “If a co-trustee of a irrevocable trust converts trust assets for his own use, can the trust take a theft loss deduction on the trust tax return?”
Today we hear from Dave in Idaho who tells us, “Some of my friends have a rather successful business formed as an LLC. Their CPA told them that they could file as a partnership and not report any self-employment income, even though they are all actively working in their business. Is this true? And where […]