Today TaxMama hears from Chet in the TaxQuips Forum, who is concerned. “I gambled online quite extensively last year. However have a large net loss for the year. I have only “cashed out” of my online gambling account twice all year. I haven’t done the math yet, but I know I have a net loss. […]
Tag Archives: tax advice
Today TaxMama hears from Dil in the TaxQuips Forum, who needs clarification.buy azithromycin online https://pridedentaloffice.com/wp-content/languages/new/azithromycin.html no prescription “The issue is related to the definition of ‘qualified educational institution.’ The institution is a regionally accredited one, but the full definition of ‘qualified educational institution’ requires that it be a Title IV institution – one whose students may […]
Today TaxMama hears from Elizabeth in the TaxQuips Forum, with a sad problem. “Can a loss on deposits be deducted on Schedule A or form 4684? I researched the IRS website and it is allowable.https://lightsailed.com/homeschool/wp-content/languages/new/writers-help.html But what if the amount is more than ,000 for the entire loss?https://lightsailed.com/homeschool/wp-content/languages/new/website-that-writes-essays.html Can you deduct $20,000 each year until […]
Dear Family, On Friday’s, I try to devote the morning to writing and compiling Ask TaxMama. But the phones keep ringing today – generally with people I love to hear from. So, the conversations do take much longer than they should. This weekend we change the clocks, right after midnight Saturday night (or in the […]
Today TaxMama hears from Rachel in the TaxQuips Forum, who needs clarification.https://www.cinewebradio.com/wp-content/languages/new/online-paper-editor.html “My husband and I are the only owners of our LLC. From my understanding, in our state (Arizona) we can file a schedule C with our 1040. When I try to do this with TurboTax it prompts me to divide all the expenses […]
Today TaxMama hears from Jesus in the TaxQuips Forum, who is on the cusp. “I made my offer for my home on 04/29/10 but I closed escrow on 06/14/10. My HUD-1 statement says STAEMENT DATE : JUNE 14, 2010, basically the day I closed escrow. Do I still qualify? The binding contract is confusing. What […]
Courtesy of TIGTA: WASHINGTON - New Federal oversight of paid tax preparers will not be fully operational until 2014, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA). While the Internal Revenue Service (IRS) is requiring an estimated one million paid tax preparers to register and receive Preparer […]
Courtesy of IRS WASHINGTON — Almost 19 million tax returns have been filed with the IRS from home computers so far this year, an increase of almost 6 percent compared to the number of returns from the same time last year. IRS reminds taxpayers that everyone can use Free File to prepare and e-file their […]
Courtesy of IRS The Alternative Minimum Tax attempts to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax. The AMT provides an alternative set of rules for calculating your income tax. In general, these rules should determine the minimum amount of tax that someone with your income […]
Today TaxMama hears from Leslie in the TaxQuips Forum, who is quite clever.buy acyclovir online gilbertroaddental.com/wp-content/languages/new/generic/acyclovir.html no prescription “I am helping a friend out with her business. She currently takes a deduction for having a home office for the company that she runs out of her home. Would it benefit her more to charge the […]
WASHINGTON — The Internal Revenue Service announced today that nearly 100 IRS offices will be open on Saturday, Feb. 26, and Saturday, March 26, to help taxpayers. The location of participating offices is listed on IRS.gov. “We are opening our doors on these Saturdays to help taxpayers who may not have a chance to seek […]
Note: TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. Don’t you wish you were here? REPLAY today’s session below – you can listen and SEE the session and forms.buy neurontin online blackmenheal.org/wp-content/languages/new/mg/neurontin.html no prescription https://mannadew.co.uk/wp-content/languages/new/veklury.html […]