New Guidance for 2005 Gulf Hurricane Victims (See Resource Box for live links) Information has been added to IRS.gov for Hurricane Katrina, Rita and Wilma victims who claimed casualty and theft losses on their individual income tax returns and are now handling reimbursements received in tax years after the loss occurred. Town hall meetings are […]
Tag Archives: Kentucky
Today TaxMama hears from Cindy in Kentucky who is skeptical: “I own my own business and travel a lot. I am deducting a truck that I own. With high gas rates can I deduct a car?https://diwa.gimpa.edu.gh/wp-content/languages/new/professional-resume-writers-reviews.html My accountant has told me that I can only deduct a truck? Can you explain what my options are […]
[Courtesy of the Internal Revenue Service] WASHINGTON — Officials from the Internal Revenue Service and more than two dozen state workforce agencies today announced they have entered into agreements to share the results of employment tax examinations. The agreements, part of the Questionable Employment Tax Practice (QETP) initiative, provide a centralized, uniform means for the […]
Today we hear from Lea Anne in Kentucky who tells us.https://www.simplybeyondfoods.com/wp-content/languages/new/amoxicillin.html “I sold 8 acres of land for $25,000.00 that I bought for $15,000.00 8 years ago. I added at least $10,000.00 worth of improvements to the land, including a building, a road, electric, water, and clearing it. There was once a trailer on the […]
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Dear Family, What a wonderful week. After rushing like crazy last week and all last weekend to finish projects and meet deadlines, Monday afternoon I flew off to Las Vegas to meet a man I’d met on the Internet. We had the most wonderful time. It really was like two old friends getting together and […]
Today TaxMama hears from the Minister’s wife in Kentucky, who tells us, “My husband’s housing allowance is exempt from taxes. We are currently building a home, while temporarily living with relatives until its completion.buy Cymbalta online https://medstaff.englewoodhealth.org/wp-content/languages/new/ no prescription Will we be able to deduct any of the expenses from the construction of this new […]
Today TaxMama hears from Joan in Kentucky who tells us. “My 90 year old father lives on SS and a small pension. He has a number of Series E and EE bonds maturing. Reporting the interest really hurts him at tax time. Is there any way he can cash in the bonds (about $20,000 in […]
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 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 […]
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