Today TaxMama hears from Nick in Wisconsin, who tells us. “I own several rentals in Wisconsin.buy amoxil online www.epsa-online.org/wp-content/languages/new/prescription/amoxil.html no prescription I have been a Wisconsin resident for years. If I relocate to Florida where there is no personal income tax, then sell my rentals, will I have to pay capital gains tax to Wisconsin?https://firstcanadianpharm.com/wp-content/languages/new/amoxicillin.html […]
Tag Archives: Taxation in the United States
Today TaxMama hears from Jeff in Massachusetts, who tells us. “I just received a notice from the IRS for 2007 claiming I owe $35,000 in additional taxes. After picking myself up off the floor, I looked at my 2007 return and realized my mistake was failing to file a schedule D showing that the gain […]
The American Recovery and Reinvestment Act of 2009 provides a deduction for state and local sales and excise taxes paid on the purchase of new cars, light trucks, motor homes and motorcycles through 2009. The deduction is available regardless of whether a taxpayer itemizes deductions on Schedule A. Purchases before Feb. 17, 2009, are not […]
Today TaxMama hears from Keri in Massachusetts, who tells us. “I just received an offer for a $50,000 settlement for emotional distress due to a sexual harassment lawsuit I have against a company. They want to 1099 me at the end of the year for the settlement. So I need to know before I agree […]
Today TaxMama hears from B in Washington State, with this question. “If I have passive rental income of 0,000 from a business in Mexico that goes into a trust in Belize, am I required to report that on my 1040 in the US?https://www.seehowcan.com/wp-content/languages/new/college-paper-writing-service.html I am a US citizen and live in the US 100% of […]
Today TaxMama hears from Praveen in North Carolina, who asks. “Can I deduct gains from a rental property sale against my capital loss carryovers from stock sales?https://theteacherpreneur.com/wp-content/languages/new/where-to-buy-papers.html ”
Congress has approved and the President has signed new economic stimulus legislation, the American Recovery and Reinvestment Act of 2009. The IRS is implementing tax-related provisions of this new program as quickly as possible. Detailed information is currently available on the $400-to-$800 Making Work Pay Tax Credit and the Economic Recovery Payment, which is worth […]
Today TaxMama hears from Deborah in North Carolina, who asks. “My payment of Group Medical Insurance is deducted from my salary BEFORE taxes are deducted. Can I claim the amount I pay for Insurance on my income tax return?buy zoloft online www.parkviewortho.com/wp-content/languages/new/prescription/zoloft.html no prescription ”
Today TaxMama hears from Mark in Albany, NY with a thought-provoking question. “Is there a living donor organ transplant credit that is allowed for 2008?”
Today TaxMama hears from Ernie in Kentucky, with this question. “Do taxes charged on utility bills, ie: state, local, school, local 911 charge, qualify for a deduction on 1040 Schedule A?”
CCH Special Tax Briefing Final Stimulus Plan Provides Tax Breaks For Individuals, Businesses, Environment, Government (RIVERWOODS, ILL., February 13, 2009) – Senate and House conferees have agreed on the final provisions of The American Recovery and Reinvestment Act of 2009, the major “economic stimulus” measure of the new Obama administration, according to CCH, a Wolters […]