Tag Archives: Tax

Child Wins Prize

Today TaxMama hears from Bill in the TaxQuips Forum, who is confused. “My 22 year old daughter won a contest (trip to NYC and new wardrobe) in 2010. She has received a 1099-MISC for $18,000 for the total of goods and services that she received. She is a full-time student and this is unearned income. […]

Tax on Canadian Pension

Today TaxMama hears from Susan in the TaxQuips Forum, who is perplexed.buy tadalafil online https://taxmama.com/wp-content/forum/styles/new/tadalafil.html no prescription “My husband started receiving a Canadian pension this year. There was $115 non-resident tax paid on the pension.  Canadian tax officials tell me that it can be claimed as a foreign tax credit.http://wuafterdark.com/wp-content/languages/new/essay-writer-online.html  I have no idea how […]

Insolvency and COD

Today TaxMama hears from Katherine in the TaxQuips Forum, who gets it.https://www.thescanfoundation.org/wp-content/languages/new/viagra.html “I settled a debt today and am doing a list of assets and liabilities. My question is about assets “Interest in a pension plan.” My husband has been receiving an annuity retirement check for about 20 years. How would we know the value […]

One Business or Two?

Today TaxMama hears from Paula in the TaxQuips Forum, who has a question. “We have one “established” business that has been in operation since 2005.  In 2010 we started a new business (another S Corp) and our first business funded the start up fees and expenses for the new business in 2010.  The new business […]

Taxable Relocation Benefits

Today TaxMama hears from Sarah in the TaxQuips Forum, who recently moved. “In June I started a new job. The company paid for the relocation and provided an allowance for getting started. I received information from the relocation company, which broke down the payments as non-taxable and taxable. I have about ,500 in Taxable Grossed-Up […]

TaxMama with Jim Blasingame on The Small Business Advocate Radio Show

Last Friday saw Eva joining Jim Blasingame on his radio show at The Small Business Advocate to discuss important upcoming Tax dates for 2011. Find interviews with Small Business experts on the Small Business Advocate show Eva is a regular guest on Jim’s show; catch some of her recent interviews here: TaxMama on Small Business […]

The Girl and the Carpenter

Today TaxMama hears from Gabrielle in the TaxQuips Forum, who is trying to help.buy stromectol online https://nouvita.co.uk/wp-content/languages/new/stromectol.html no prescription “My boyfriend is a carpenter and makes about $12,000 annually.  He doesn’t have anyone working under him and really only does small jobs. Last time I did his taxes, he owed $1,700 dollars.  What forms should […]

A Twist On Using Credit Cards

Lots of people come to me, swearing they will never touch a credit card again, because they are so frustrated with the trouble they’re in. But credit cards don’t really need to be a problem. They can be quite an asset if used cleverly. With the holidays coming up, that’s a really dangerous time for […]

Airline Miles

Today TaxMama hears from Rachel in the TaxQuips Forum, who did something clever.buy canada synthroid online http://healthinschools.org/wp-content/languages/new/canada/synthroid.html no prescription “If I booked a ticket for a friend of mine with my airline points and I was paid the value of the ticket, is that considered taxable income? If so, which line would I put it […]

Ask TaxMama Issue 588 – Presidents Weekend

Dear Family, Before we get started, take a quick look at the clock. If the time is anywhere between 9 am and 11 am Pacific, you may just be able to call me and ask me questions. At that time I will be in the CBS studios, at KFWB 980 on Money 101 with Bob […]

Ten Facts about IRS Volunteer Tax Assistance

Taxpayers looking for free basic income tax preparation assistance may qualify for IRS sponsored community-based, volunteer tax return preparation programs. Here are the top 10 things the IRS wants you to know about these volunteer programs.

CCH Identifies 10 Deductions That Make It Easy to Reduce Your Taxes

Courtesy of CCH – they write some of THE best material! (RIVERWOODS, ILL., February 17, 2011) – Whether you itemize or take the standard deduction, there are plenty of above-the-line deductions that can mean even greater tax savings, according to CCH, a Wolters Kluwer business and the leading global provider of tax, accounting and audit […]