Today TaxMama hears from Nancy in the TaxQuips Forum with several questions. “I am to be married this year. I am going to file as married, filing separately (MFS). Can I claim my husband since he is disabled and collecting social security disability? Also I understand that I cannot mix the standard deduction and itemizing on […]
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Today TaxMama hears from Scott in the TaxQuips Forum with this question. “How long would you have to keep a business vehicle to take advantage of bonus depreciation deductions? What if I sold a new business use vehicle after three years, are there penalties?
Today TaxMama has been fighting the good fight for the rights of homeowners who filed for the homebuyers credit.buy tadalafil online https://healthsystems24.com/wp-content/languages/new/tadalafil.html no prescription The latest issue? When a married person files a separate tax return, how much is half the homebuyer’s credit? Is it based on half the purchase price of the house? […]
Today TaxMama hears from Mimi in the TaxQuips Forum who tells us. “My husband coaches my son’s Little League and travel basketball team. Occasionally, he buys equipment for the team’s use and hosts an after-season party, complete with pizza, cake and beverage. Some of these expenses are not reimbursed by the league. Are these deductible? How about […]
Today TaxMama hears from Shaun in the TaxQuips Forum who wants to write off his vacation. “My son and I are traveling to Florida. I have a property in Jacksonville, FL that I need to check on. Can I fly in and out of Jacksonville to take care of business? Then drive to Orlando for […]
Today TaxMama hears from Terri in the TaxQuips Forum with a question. “I am a California business. Each year we did an annual return for Federal Unemployment tax (FUTA) taxes as a reconciliation for the payments we make each quarter. We did the same annual return for CA SUI. Beginning in 2011 The State of […]
Today TaxMama hears from Susan in the TaxQuips Forum with a fun case. “Assuming that I won’t make my son pay for it out of his allowance, for volunteering me to take care of the class snake for the summer… Can I deduct the cost of the frozen rats it eats? And what about if […]
Today TaxMama hears from SB in the TaxQuips Forum with a common problem. “As a real estate professional, I had to kick back some commissions to a buyer to close a sale. But I am getting the 1099-MISC for the full commission. Can I give the buyer a 1099-MISC for the commission I paid her? […]
Today TaxMama hears from Richard in the TaxQuips Forum who tells us.https://libertyjuice.com/wp-content/languages/new/xifaxan.html “My family is selling my father’s baseball card collection.https://libertyjuice.com/wp-content/languages/new/viagra.html We are expecting to receive approximately ,000.buy augmentin online alvitacare.com/wp-content/languages/new/where/augmentin.html no prescription If the buyer writes me a check and I deposit it into my account; then I write a check for […]
Today TaxMama hears from Tawfiq in the TaxQuips Forum with questions. “Can I deduct my qualified medical expenses with other itemized deductions if I used HSA funds to pay them? And where can I find health insurance that specifically qualifies as an HSA (Health Savings Arrangement)?
US economy adds 54,000 new jobs in May – that sounds pretty good, doesn’t it? The WSJ’s perspective – Jobless Rate Rises as Pace of Hiring Slows USA Today adds – Unemployment rates jumps to 9.1% as U.S. economy adds 54,000 jobs The Huffington Post scoffs – U.S. Only Added 54000 Workers In May As […]
Today TaxMama hears from Alyx in the TaxQuips Forum who is creative. “If you have a wife and husband S corporation, how can you write off an 8-day Caribbean cruise as a business expense for an annual meeting?https://www.pharmalucence.com/wp-content/languages/new/sildenafil.html Is it true that if you have the meeting on one of the ports of call […]