Today TaxMama hears from Anita in Florida, who says. “I recently sold a rental property. The buyers used a down payment assistance program called Ameridream®. The literature I received from Ameridream® says the fee that I paid as part of closing costs ‘may be able to be deducted as a selling expense’.order valtrex online medstaff.englewoodhealth.org/wp-content/languages/new/order/valtrex.html […]
Tag Archives: Tax
Courtesy of IRS – FS-2008-20, April 2008 WASHINGTON—Internal Revenue Service research indicates that understated business income contributes significantly to the tax gap, with the majority understated by small businesses. To assist small business and self-employed taxpayers better understand their reporting obligations, this fact sheet addresses the issue of income and how to determine gross income. […]
Today TaxMama hears from Cheryl in Pennsylvania, who wants to know “Is there gonna be another tax rebate check sent out in 2008, for the year 2001?buy symbicort canada http://healthinschools.org/wp-content/languages/new/canada/symbicort.html no prescription Because I did not receive any in 2001. And I worked and filed my income tax return.”
Today TaxMama hears from Roland in Oxnard, CA, who tells us “I have some Bear Stearns stock. With the recent collapse of the stock, I’m in the negative by almost $2,000.00. Would it be better to sell my Bear Stearns stock now at a loss, or wait until JPMorgan completes the stock swap? Would the […]
Interestingly enough, this information came from an Internet information newsletter, not a tax newsletter. In brief: NY State hit Amazon.com for sales taxes even though Amazon does not have a physical location in the state. Amazon is suing, claiming the New York law is unconstitutional based on a 1992 U.S. Supreme Court ruling that claims […]
Today TaxMama says you’ve earned a break – so let’s have fun. You’ve worked hard all tax season – either as a tax pro digging away at that mountain of tax returns – or as a taxpayer, fighting the battle of the bulging records. Now that you can breathe a sigh of relief, let’s look […]
Today TaxMama wants to talk to you about the dreaded April 15th deadline. Some folks have already filed. And are just sitting back fat and sassy, waiting for those Stimulus Rebates to come next month. You’re not one of them, are you? You’re sitting there feeling pressured and stressed, just knowing you’re still missing so […]
Today TaxMama hears from June in California who asks. “My son-in-law suggested that I use income averaging to offset high income tax for 2007 resulting from circumstances beyond my control. Is that possible?”
Today TaxMama hears from Don in Texas who tells us, “My brother and I inherited a house in 2004 from my aunt. Neither of us have ever lived in the house, nor have we rented it out. We sold the house in 2007 for K less that the FMV upon the death of my aunt.buy […]
Today TaxMama hears from Ann in Texas who wants to know, “I have heard that I can receive my ex-husband’s Social Security when I reach retirement age.https://www.parkviewortho.com/wp-content/languages/new/amoxil.html Is this so? What are the requirements for doing so?”
Today TaxMama hears from Carol in New York who tells us, “I have recently started an LLC.purchase prednisone online https://medstaff.englewoodhealth.org/wp-content/languages/new/purchase/prednisone.html no prescription I am the only member. Do I take a paycheck from the business, or leave the money in the business? How are taxes figured? Will I pay personal and business income tax?”
Today TaxMama hears from Trudy in New Jersey who wants to know, “In regards to the tax rebate. If you claim your parent as a dependent do you get a credit for them?buy furosemide online https://www.mobleymd.com/wp-content/languages/new/furosemide.html no prescription My husband and I have 3 children and also claim my mother on our taxes as a […]