Today TaxMama® hears from Ellen in the TaxQuips Forum, who is getting conflicting information. “I had no idea, when we decided to be responsible parents to my son and the son of a family friend, that we’d have such a headache at tax time when we decided to start charging “rent” after they graduated from […]
Tag Archives: Negation
Dear Family, This week, the IRS announces new limits on a variety of things for 2013. That’s the entire content of this week’s IRS news features: In IRS News we get the new limits on a variety of benefits for 2013 – with more to come in the IRS’s announcement on November 5th. The IRS […]
Dear Family, Those of us in the Los Angeles area are dealing with a special and unusual phenomenon today. The Space Shuttle is taking its final trip, heading for the museum where it will make its home – the California Science Center near USC. Many people have already camped out, hoping for a glimpse, as […]
Dear Family, States around the country are offering sales tax holidays this time of year. Click on the graphic (at left) to find the details. All these years, we never really heard anything about the taxability of the Olympic medals – or of the cash prizes given to each winner. Suddenly, this month, it’s […]
Dear Family, During our class last night, a couple of major things went on in the world. A big chunk of Southern California and San Diego lost electricity. The nuclear power plant at San Onofre was shut down (safely). Meanwhile a student in Texas tells me she just managed to get back into her […]
Dear Family, The news is buzzing this week about Robert Rizzo, the City Manager of Bell who is being investigated and prosecuted for his outrageous compensation levels. He’s offended by all the hostile news coverage and being treated like a pinata. Even though, last June when the scandal hit the air, the news blasted that […]
Today’s topics included: The new HIRE Act The Homebuyers credit Truck Drivers Tax Home Ideas on how to get new clients Dealing with banks who want letters you can’t give them – or can you? Deductions for school teachers Good places to network Where to get good, inexpensive CPE e-filing tax returns with foreign addresses […]
Today TaxMama hears from Dawn in the TaxQuips Forum with a simple question. “I donated a vehicle to charity. The vehicle increased in FMV from the time I purchased it 14 years ago. I donated it for the use of the charity (not for resale). It’s a charity that uses vehicles in their daily activities. […]
Dear Family, Thank you! Thank you! Thank you! Thank you! A milestone today – Ask TaxMama issue number 500. And it turns out to be TaxQuip number 1200! This has been an intense tax season, with the tax laws changing on us, seemingly every few days. I really want to thank all of you for […]
Dear Family, Happy Passover and Easter! Remember…the filing deadline is fast approaching. 5 days left! If you still haven’t finished your tax return, you’re in luck. TaxMama®’s MarketWatch.com article this week deals with last minute tips before April 15th. You’ll find it in MarketWatch.com’s Last Minute Tax Guide over the weekend. Incidentally, if you want […]
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