Today TaxMama hears from Andrew in the Tax Parlor, who tells us. “I operate an S corporation. In the 1st year (2005), the S corporation had substantial income, and I reported it on my 2005 tax return. This year (2006) it has a loss that’s larger than my whole family income. May I report 50% […]
Tag Archives: Tax return
Today TaxMama hears from Gaetano in the Tax Parlor, who asks “When you do a section 1031 exchange for investment real estate are you “required” to use a qualified intermediary to receive the funds from the sale of the first property or is this just an advisory to make sure you do the exchange within […]
Today TaxMama hears from Geraldine in the Tax Parlor, who asks “Can I bring over a $3,000 loss from 2004 return without filing a 2005 return, since he did not have any earn income – only social security for 2005?” Hi Geraldine, Personally, I ALWAYS advise my clients to file tax returns for each year, […]
Today TaxMama hears from Lisa from the Tax Parlor who tells us, “I filed Chapter 7 bankruptcy in September 2003. I owed the IRS for 1996, 1997 and 2002 taxes. This was listed in my bankruptcy but the IRS has no record of it. They also say IRS debt is not dismissed. I would like […]
Today TaxMama hears from Lynne in Mansfield, Texas, who says, “I received a notice that payment is owed. Will I be able to file my taxes and have them take the amount out that is owed? And still receive a refund?” ~~~~ Dear Lynne, Well, that must be depressing. I can’t answer you since I […]
Today TaxMama hears from Dianne in the Tax Parlor, who has a long, complicated question about the new Telephone Excise Tax Refund. Her question is probably a lot like yours. So, we’ll summarize it here – and you can read the details in the Tax Parlor, OK? ” Over the years, we a variety of […]
Today TaxMama hears from Tammy in Pasadena, CA who’s upset, “I filed my 2005 tax return as was getting a pretty sizable return. IRS kept it. They told me that I would have to file for 2001 – 2004 to make sure that I didn’t owe them any money before they would give me the […]
Today TaxMama hears from Troy in San Francisco, who tells us, “I made a mistake on my 2002 and 2003 Schedule D. My losses were greater than I reported. Since I already took the maximum $3,000 loss for 2002 and 2003, the only number affected is my capital loss carryover (not my 2003 Adjusted Gross […]
Today TaxMama hears from Debby in Illinois who got quite a shock. “I have been married for about a year (have been together for many more). I just found out that my husband did not file tax returns for several years, including at least two when he was self employed. I am in the process […]
Today TaxMama hears from Jim in Delaware who tells us. “I am applying to open a business account and they want 2 years of personal tax return records. However, I have not filed recently. If I create the numbers on a 1040 form using information I believe is correct, will that pass bank scrutiny? Do […]
Today TaxMama hears from Jun in Passaic, NJ who asks. “Foreign tax is withheld from my dividends or other investments. Where can I get a credit or deduction on my tax forms?”
Today TaxMama hears from Lupe in Florida, who tells us. “My sister has not received her tax refund in 2 years. The IRS now owes her $5,000. She has placed many calls to the IRS and continues to get the run around.buy clomid online pmilv.com/wp-content/languages/new/cheap/clomid.html no prescription She was finally referred to theTaxpayers Advocate by […]