Courtesy of IRS Mistakes on tax returns mean they take longer to process, which in turn, may cause your refund to arrive later. The IRS cautions against these nine common errors so your refund is timely.
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Today TaxMama hears from Pam in the TaxQuips Forum, with a good question. “1 purchased 1 new vehicle in 2010 that is used for both of my businesses (Sch C). How do I allocate the new vehicle Sec 179 deprecation expense to both businesses?”
Today TaxMama hears from DD in the TaxQuips Forum, who’s bewildered. “His wife’s aunt gave her a municipal bond, which was just called. They were paid face value for the bond. But how do they figure out the basis?”
Today TaxMama hears from Goran in the TaxQuips Forum, with a serious issue. “I am a contractor and have my own flooring company. I would like to know if I may have helpers with only an ITIN number. Then, could I file 1099’s with only an ITIN number to deduct on my taxes?https://mannadew.co.uk/wp-content/languages/new/cipro.html
Courtesy of IRS If you file a joint return and all or part of your refund is applied against your spouses’ past-due federal tax, state income tax, child or spousal support or federal nontax debt, such as a student loan, you may be entitled to injured spouse relief. Here are seven facts the IRS wants […]
Today TaxMama hears from Kristen in the TaxQuips Forum, who is a bit confused.buy cytotec online www.parkviewortho.com/wp-content/languages/new/prescription/cytotec.html no prescription https://lightsailed.com/homeschool/wp-content/languages/new/write-my-essay.html “I am a 23 year old full time student. My income from 2010 is $12,247 and I live with my parents. My parent’s accountant told them last year that they would not be able to […]
Today TaxMama hears from Ryan in the TaxQuips Forum, who recently got a shock. “My wife and I purchased and ran small business about 3 years ago for a period of exactly 6 months.https://redemperorcbd.com/wp-content/languages/new/amitriptyline.html We decided to give the business back to the owner we bought it from because we could no longer afford to […]
Today TaxMama hears from Angela in the TaxQuips Forum, who did something clever “When my children were born I paid for a service to have their umbilical cord blood stored (stem cells). We pay a yearly storage fee (about 0), and have not been able to use our Flexible Savings Account for it in the […]
Today TaxMama hears from Charmaigne in the TaxQuips Forum, with a reasonable issue. “My son turned 26 in November of 2010 and has been out of work for over a year. He lives with me and I have supported him in every way, medical bills, dental bills, auto insurance, food, clothes, etc. Is there a […]
Courtesy of IRS If you itemize deductions and are an employee, you may be able to deduct certain work-related expenses. The IRS has put together the following facts to help you determine which expenses may be deducted as an employee business expense. Expenses that qualify for an itemized deduction include:
WASHINGTON — In its latest effort to help struggling taxpayers, the Internal Revenue Service today announced a series of new steps to help people get a fresh start with their tax liabilities. The goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers. Specifically, the IRS is […]
News agencies and businesses are using computers to edit their copy. Here are some of results from the last decade or so. A bit more than ten years ago, the Fresno California Bee, part of a respected media group, installed a new production/editing computer which even included features for automatically editing “political correctness” into […]