Tag Archives: Public finance

Sloppy 1099ing

Today TaxMama® hears from Gary in the TaxQuips Forum who has this problem. Let me paraphrase:  “Gary has already filed his LLC’s tax return, reporting all his income properly. Suddenly, nearly three weeks past the 1099 deadline, he gets a 1099 showing income he received, plus reimbursements for materials and supplies – that were not […]

IRS Reminds Parents of Ten Tax Benefits

Your kids can be helpful at tax time. That doesn’t mean they’ll sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits.http://wuafterdark.com/wp-content/languages/new/research-paper-help.html Here are 10 things the IRS wants parents to consider when filing their taxes this year.

Sold Daughter’s Home

Tax on Lump Sum

  Today TaxMama hears from Cindy in the TaxQuips Forum with some great news. “I have recently been approved for disability through Social Security.  I will receive a lump sum (retroactive back to the date I became disabled) as well as start receiving a monthly check. Is the lump sum taxable, and if so, at […]

Ready for End-of-year Tax Planning?

CCH Suggests Steps to Consider Before Time Runs Out (RIVERWOODS, ILL., November 2, 2011) ­ As the clock winds down on the 2011 tax year, now is the time for taxpayers to look at their financial situations, consult tax and accounting experts and determine if they can be better positioned for filing income tax returns […]

Terrifying Tax Tales

Today TaxMama wants to ask you. “What is your most terrifying tax tale? What is the worst thing that IRS or your state tax agency ever did to you? Or the most embarrassing thing? Did your ex-spouse or ex-lover get you in trouble? Or did your tax professional mess up big time?” Please tell us […]

New College Student

Today TaxMama hears from Vera in the Tax Quips Forum with a question that affects many families. “I am a single parent claiming HOH. My son went off to college for September 1st, 2011. Until then he lived here with me, worked and also attended college here. We always filed separately with me being HOH. […]

New Business Taxation

  Today TaxMama hears from Bradley in the TaxQuips Forum with a business idea. “I’m thinking about starting a business like Groupon. My partners and I are planning on sharing the cost of the coupon with the company offering it. We want to know if we will be taxed on the full amount, or just […]

Loan Modification Tax Effect

Today TaxMama hears from Janet in the TaxQuips Forum with a quick question.buy xenical online https://jersey-hemp.com/wp-content/languages/new/xenical.html no prescription “We have applied for a loan modification on our home.  Will that have any affect when we file taxes next year?buy zovirax generic https://rxbuywithoutprescriptiononline.net/zovirax.html over the counter buy cytotec online https://jersey-hemp.com/wp-content/languages/new/cytotec.html no prescription   I’d ask the […]

Tax Payment Strategy

Today TaxMama hears from Kathy in the TaxQuips Forum with an interesting question.https://redemperorcbd.com/wp-content/languages/new/clomiphene.html   “I thought I read somewhere that I could specify to which year’s taxes I want to apply my payments.https://redemperorcbd.com/wp-content/languages/new/amoxil.html   For example, if I owe taxes from 1996 through 1999 and then from 2006, I can apply my payments to the taxes […]