Tax Provisions in HR 6893 Signed Into Law Oct 7, 2008 In addition to the Emergency Economic Act of 2008, President Bush has signed a little known Act which contains a clarification of the uniform definition of a qualifying child for purposes of the dependency exemption, EITC, dependent care, and HH filing status. This change […]
Tag Archives: Taxation in the United States
Today TaxMama hears from OC in Los Angeles with this problem. “We couldn’t afford an accountant in April to help us with our taxes so we filed for an extension. October 15th is imminent and we still can’t afford an accountant. We may end up owing for 2007. 2008 has been a very difficult year […]
Today TaxMama hears from Pat in Florida who’s quite generous. “Can you explain the$10,000 gift tax exemption to me? I want to gift my children.” Dear Pat, Well, your children are certainly fortunate to have a mother like you. Interested in adopting me? First of all, the $10,000 gift tax exemption is $12,000 this year. […]
Today TaxMama hears from Char in Texas with a simple question – or two.buy levitra online https://healthsystems24.com/wp-content/languages/new/levitra.html no prescription “Are my losses from Hurricane Ike deductible? And how?” Dear Char, Sorry you’re facing all those problems. Actually, I’ve got good news for you – and bad news. The good news: There’s lots of information about […]
Today TaxMama hears from Mike in Texas who wants to know. “If I were to file for a divorce on Oct 1, 2008, what will be my tax status on Jan 1, 2009?” Dear Mike, Does your wife know about your plans? Ah well, all good things must end someday. Actually, we don’t care what […]
Courtesy of Spidell Publishing Inc – www.caltax.com Spidell’s Flash E-mail #2008-23 September 23, 2008 After a threatened veto of the original budget and related tax bills, the governor and the legislature have come to an agreement. The new budget, which the governor signed today, does not contain an increase in withholding taxes or a general […]
Today TaxMama hears from Fran in Maryland with this concern. “I have a disabled sister. She is not my dependent and does not live with me. Some of my siblings and I would like to pool our money to pay for her in-home health care.buy augmentin online https://nouvita.co.uk/wp-content/languages/new/augmentin.html no prescription Is there a way to […]
Today TaxMama hears from Barb in San Diego who asks. “If I return my Social Security payments that I have previously paid income tax on, can I get a refund of those taxes on returns filed more than 3 years ago i.buy amoxicillin generic gaetzpharmacy.com/amoxicillin.html no prescription e. prior to 2005 tax year?”
Today TaxMama hears from Mark in Florida who asks. “I live overseas in Oman. I am selling property in Mexico. If I have the proceeds wired to my bank in Oman do I have to pay IRS capital gains?buy canadian finasteride online cpff.ca/wp-content/languages/new/canadian/finasteride.html no prescription ” Dear Mark, Are you an American? Are you familiar […]
Today TaxMama hears from Bill in Nevada who tells us.https://www.fiercereads.com/wp-content/languages/new/professional-resume-writing-service.html “I have a tax lien from year 2000. This was a debt that was awarded to my ex in our divorce. At the time of divorce the debt was around $500. She got it down to less than $200. and stopped paying on it. It […]
Today TaxMama hears from Mary in Illinois who tells us. “I have donated several items to Goodwill. Is there a website where I can go to see how much the IRS allows for deductions for specific items such as clothing, household goods, etc?”
Today TaxMama hears from Pam in Texas who has lots of questions. “How many people file this late in the year?https://kidneyurostonecentre.com/wp-content/languages/new/ventolin.html Can I still e-file my 2007 return.buy prednisone online healthcoachmichelle.com/wp-content/languages/new/online/prednisone.html no prescription Will there be any red flag problems?”