Today TaxMama® hears from Crazy4Cats in the TaxQuips Forum, with this a very long question. Let me summarize. “Her husband works in Illinois and they live in Wisconsin. When they started out, they went to a storefront preparer who told them there is reciprocity between the states, and apparently only prepared a WI tax return.order bactroban […]
Tag Archives: tax podcast
1) A plane was coming in for a landing at the Athens airport. As the plane flew was low over some hills , a lady asked the flight attendant: “What’s that stuff on those hills?” “Just snow,” replied the flight attendant. “That’s what I thought,” said the lady, “but this fellow in front of me […]
Today TaxMama® hears from Straffan in the TaxQuips Forum, with this quick question. “Do you have to keep a separate log with start and stop odometer readings for each business trip? Or can you just add mileage notes to a daily planning diary? Would you still have to include odometer readings in the diary to […]
Today TaxMama® hears from Amaq in the TaxQuips Forum, with this question. “We sell a B2B software all over the world. We are based in Pakistan. Many of our clients are from USA so we want to register an LLC in either Wyoming or Delaware. We do not have any physical presence in US, nor […]
Today TaxMama® wants to alert you about some important deadlines looming at the end of June 2013.
Today TaxMama® hears from RJ in the TaxQuips Forum, with a travel question. “I am a single member LLC. I have a long-term (3 year) out-of-state contract, which requires me to be physically onsite at the client’s location 75% of the time (3 weeks per month). I am currently renting an apartment and deducting the […]
Today TaxMama® hears from Raj in the TaxQuips Forum, with a common issue. Let me summarize. (You can read the discussion here ) His tax return is being audited and the IRS auditor wants copies of receipts for his hotel stays for all his travel. But he used the IRS per diem rates, so he […]
Today TaxMama® hears from Pierre in the TaxQuips Forum, with this issue. “In 2012, an S-Corp had an employee who stole cash from them through the inventory and sales. They own a NAPA Auto Parts store.https://www.giveapint.org/wp-content/languages/new/veklury.html They have camera tapes on him and have reported the theft to NAPA. They did not report the theft […]
Today TaxMama® hears from Marisa in the TaxQuips Forum, with this problem. Let me summarize. (You can read the details.) “After her father’s death, Marisa received a settlement from a drug company class action suit. It was not taxable in her state. But now she has a notice from the IRS demanding taxes, based on […]
Today TaxMama® hears from RJ in the TaxQuips Forum, with this question. “I just came across TaxMama’s 2012-09-04 TaxQuip to “Ivan” entitled “Late Gift Tax Return” (at TaxMamas TaxQuips : TaxMama’s Free Daily Tax Podcasts or Late Gift Tax Return | taxmama | taxquips), which says (in part): … 2) Did you know that if a gift tax […]
Today TaxMama® hears from YbSick in the TaxQuips Forum, with a common question. “In a short sale where they abandoned the property and they receive a cancellation of debt, is it non-taxable since it was on their personal residence? Is there a time limit on how long after they move out of the property it […]
Today TaxMama® hears from Harry in the TaxQuips Forum, who is frustrated. “IRS is denying a refund for 2006 individual return. The individual Form 1040 return was filed in 2010 and most of the tax was paid through withholding. An amended return was filed in 2012, requesting a refund of all tax paid due to a […]