Today TaxMama hears from Linda in Pennsylvania, who tells us “I’m in charge of the mailing of 1099 MISCs for 2009. Who gets a 1099? Who doesn’t get one? Are there corporations that get 1099s? I think attorneys and accountants receive them.”
Tag Archives: Taxation in the United States
Today TaxMama hears from Margaret in California, who wants to know, “Do I avoid taxes on my properties if I let them foreclose vs. a short sale? I have pulled out equity to invest and improve my properties and now I am under water big time.”
[TaxMama note to employers: Times are tough and you may have no choice but to lay off employees. Before you do, see what you can do to help them avoid problems like these. It might mean keeping them on payroll for a little while longer while they seek a new loan.buy lexapro online pridedentaloffice.com/wp-content/languages/new/over/lexapro.html no […]
Today TaxMama hears from Luz in California, with this query. “Is there any period of time, or once every 4 or 10 years that the IRS forgives or gives a percentage reduction on the amount owed on back taxes to the community?http://www.ijasrjournal.org/wp-content/languages/new/professional-essay-writing-service.html ”
Today TaxMama hears from Dunn in Ohio, with this concern. “I owe federal taxes from when I was working for my employer.https://www.grapplearts.com/wp-content/languages/new/homework-help-math.html I have just started my own business (LLC). Will the IRS take the money I earn from my LLC to pay the personal taxes I owe?”
IR-2009-57, June 4, 2009 WASHINGTON — IRS Commissioner Doug Shulman announced today that by the end of 2009, he will propose a comprehensive set of recommendations to help the Internal Revenue Service better leverage the tax return preparer community with the twin goals of increasing taxpayer compliance and ensuring uniform and high ethical standards of […]
Today TaxMama hears from Carole in Washington State, with a good question. “My husband and I are principals in a WA state LLC that files as an S Corp. We both have high deductible Health Savings Accounts.http://wsbarberschool.com/wp-content/languages/new/business-plan-generator.html Is there any benefit to paying premiums through the company since it would go on our W-2s as […]
Today TaxMama hears from Vicki in Washington State, with this quick question. “Does imputed income affect Social Security and Medicare taxes as well as federal taxes?buy levaquin online alvitacare.com/wp-content/languages/new/where/levaquin.html no prescription ”
Today TaxMama hears from Kevin in Arizona, who wants to know, “How often does a rental property have to be rented or income made to qualify as a rental?buy flagyl online https://taxmama.com/wp-content/forum/styles/new/flagyl.html no prescription Looking at the numbers, I doubt ours can go cash positive for at least 4 years. From reading your articles, it […]
Today TaxMama hears from Colin in Maryland, who tells us, “I wish to sell my house in the UK as I live in the USA permanently now. What tax implications are there? It is my sole residence, with a value approx 240.000 pounds.”
Today TaxMama hears from Kandi in Iowa, who asks, “Would a professional bodybuilder be allowed to deduct expenses associated with training/contest preparation?https://www.quaintonhall.org.uk/wp-content/languages/new/buy-essay-online-cheap.html I was told they can deduct traveling expense and contest entry fees directly related to competition. What about supplements, training, posing suits, tanning and other miscellaneous expenses incurred to prepare for competition?”
Courtesy of NAEA’s E@lert www.naea.org The plan would require “consistent valuation [of property] for transfer and income tax purposes.” According to the White House, the estate and gift tax provisions would raise .https://www.thebesthealthnews.com/wp-content/languages/new/xenical.html 2 billion over ten years. Taxpayers would be obligated to report the same cost basis for inherited property for the purposes of […]