Today TaxMama hears from Shaunna in Washington State, who tells us. “I own a small rental business. Is the bounce castle I rent out considered an asset or inventory?”
Tag Archives: Taxation in the United States
Today TaxMama hears from Kim in South Carolina, who has been remiss. “I am a bookkeeper and did not claim mileage as unreimbursed employee expenses last year. Can I claim the 2008 mileage and 2009 on my 2009 taxes? Or did I just lose that mileage? I don’t want to amend the 2008 return if […]
Today TaxMama hears from Linda in Kentucky with a reasonable question. “My son-in-law had on-line college classes that required him to have internet services and a computer. Do these count towards the tax credits? Also, how would he go about getting the books, supplies, gas, etc. credited?” Dear Linda, In a very odd and inconsistent […]
If you are donating to charities providing earthquake relief in Haiti, you may be able to claim those donations on your 2009 tax return. Here are 10 important facts the Internal Revenue Service wants you to know about this special provision. A new law allows you to claim donations for Haitian relief on your 2009 […]
Courtesy of IRS [TaxMama note: ALWAYS file tax return, whether you need to or not. Once you file, you start the clock ticking on the 3 year statute of limitations for audit. If you never file, IRS or the state can come back and ask for a tax return for that year, forever.buy strattera […]
Today TaxMama hears from David in Arizona who got an unpleasant surprise. “I work for a restaurant that has not collected tip income info from our wait staff, and has not done any subsequent withholding. I am the lucky one who inherited payroll responsibility mid-year. I just learned of this oversight when prepping W2’s for […]
Today TaxMama hears from Matthew in California who begs leave… “I withdrew money from my IRA for a first time home purchase. The amount was over $10,000, the lifetime maximum. Can any of the portion over the k mark be attached to my wife’s name?buy cytotec online redemperorcbd.com/wp-content/languages/new/prescription/cytotec.html no prescription https://lightsailed.com/homeschool/wp-content/languages/new/online-cv.html In effect, could we […]
Today TaxMama hears from David in Texas who needs guidance. “In the past, I employed a domestic worker and filed taxes for her. I gave her a W2, and submitted a W3 to the IRS.buy amoxicillin online pridedentaloffice.com/wp-content/languages/new/over/amoxicillin.html no prescription https://www.thebesthealthnews.com/wp-content/languages/new/singulair.html The IRS automatically sent me employer forms and instruction booklets this year. However, […]
Dear Family, It’s been pouring all morning. Last night, working here in front of the patio window, it suddenly got a bit frightening. Can you be struck by lightening inside your own house? There were flashes so close to me that I had to back away from the computer, the the things on the desk, […]
The American Recovery and Reinvestment Act was passed in early 2009 and created the American Opportunity Credit. This educational tax credit – which expanded the existing Hope credit – helps parents and students pay for college and college-related expenses.purchase levaquin online https://medstaff.englewoodhealth.org/wp-content/languages/new/purchase/levaquin.html no prescription Here are the top nine things the Internal Revenue Service wants […]
Taxpayers who need their past tax return information can obtain it from the IRS. Here are nine things to know if you need copies of your federal tax return information. 1. There are two easy and convenient options for obtaining free copies of your federal tax return information — tax return transcripts and tax account […]
Today TaxMama hears from Karen in Arizona with this sad question. “A parent distributes an annual gift of $13,000 to a child for 4 years depleting all assets. If the parent requires full time nursing care before the end of the 5th year and has only Social Security income available, is the child required to […]