Tag Archives: Money Funnies

Child with K-1

Today TaxMama® hears from Michele in the TaxQuips Forum, with this question.  “My client files MFJ with a son. The son made $1,237 on a W-2 and he received a K-1 with $137 in box one (business income) and $1,832 in the self-employment box. Does a K-1 qualify as investment income? Will the parents be […]

Mutual Fund Fees

Today TaxMama® hears from Farmer in the TaxQuips Forum, with a reasonable question.  “Can you take a deduction of Mutual Fund operating expenses (12b fees?buy lexapro Canada http://healthinschools.org/wp-content/languages/new/canada/lexapro.html no prescription buy clomiphene online https://www.mobleymd.com/wp-content/languages/new/clomiphene.html no prescription ) on Schedule A, subject to the two-percent floor?buy clomid online https://www.mobleymd.com/wp-content/languages/new/clomid.html no prescription ”

Overseas Education

Today TaxMama® hears from Chell in the TaxQuips Forum, with an interesting question.  “Can someone take an educational credit for books and Fees while they are taking a class in a foreign country?buy norvasc generic infoblobuy.com over the counter Plus without a proper address to fit into the tax software, the tax return will not […]

Ask TaxMama Issue 675 – Happy Purim

Look at that, it’s Purim in February. (Usually happens in March.) My favorite holiday. This is the only Jewish holiday that celebrates the accomplishment of a woman. Queen Esther’s courage saves the lives of the Jews in Persia (now Iran) sometime around the 3rd century BCE. Not only is this about a strong woman, this […]

Check Out College Tax Benefits for 2012 and Years Ahead

Courtesy of the IRS WASHINGTON — The Internal Revenue Service today reminded parents and students that now is a good time to see if they qualify for either of two college education tax credits or any of several other education-related tax benefits. In general, the American opportunity tax credit, lifetime learning credit and tuition and […]

Beware of Bogus IRS Emails

Courtesy of the IRS [TaxMama Note: Seriously, this is important. I am getting THOUSANDS of emails like this each week. Also emails from companies offering to magically solve your tax problems. BEWARE. If you didn’t initiate a relationship – stay away from them. They will steal your identity – or worse.] The IRS receives thousands […]

Things Are Not Always What They Seem

    Two traveling angels stopped to spend the night in the home of a wealthy family. The family was rude and refused to let the angels stay in the mansion’s guest room.  Instead the they were given a small space in the cold basement.  As they made their bed on the hard floor, the […]

Medical Mileage

Today TaxMama® hears from Scarulli in the TaxQuips Forum, with a good question.  “My husband was critically ill and hospitalized for a month in 2012. I visited him daily (sometimes more often) as that was the only way I could get information from his doctors relating to his condition.buy temovate online cpff.ca/wp-content/languages/new/mg/temovate.html no prescription Can […]

Construction Sales Tax

Today TaxMama® hears from Yimmy in the TaxQuips Forum, who wants to know.  “I moved into a newly constructed home in Oct.https://www.giveapint.org/wp-content/languages/new/propecia.html 2012. Are the sales taxes paid on the construction materials used in building the home tax deductible?buy cipro online www.mabvi.org/wp-content/languages/new/usa/cipro.html no prescription The home is in Georgia.”

Ask TaxMama Issue 674 – Happy Prez Weekend

Dear Family, Odd-funny things keep happening around here. Like scraping ice off my windshield – in California! Like going to our breakfast meeting and the restaurant is closed. Like the IRS press release that that help and information is available in Spanish – but the press release was in English. Like my friend sending me […]