Today TaxMama hears from Tom in Los Angeles, who tells us, “I am a person living with AIDS. I have not paid my taxes in years, partly because my medical costs are insane, and partly because I thought I would be dead by now.buy prelone online https://pridedentaloffice.com/wp-content/languages/new/prelone.html no prescription Having survived my friends, it’s time […]
Tag Archives: Taxation in the United States
[Courtesy of IRS] WASHINGTON – The Internal Revenue Service and the Treasury Department cautioned taxpayers about participating in certain trust arrangements being sold to professional corporations and other small businesses as welfare benefit funds and identified some of the arrangements as listed transactions. There are many legitimate welfare benefit funds that provide benefits, such as […]
Today TaxMama hears from B ored in Skokie, Il, who tells us, “My job requires a lot of travel to clients. My boss states that the IRS law for reimbursement is that he can only reimburse the mileage from the office to a client and from a client to the office. The issue is, that […]
Today TaxMama hears from Mark from Brooklyn, who asks, “is income from a notary public considered income for the EIC (the Earned Income Credit)?buy ivermectin online pavg.net/wp-content/languages/new/where/ivermectin.html no prescription Most people I asked, said at their first instinct that, yes it is. But when I make them aware that this income is exempt from self-employed […]
Today TaxMama hears from several people, who say, “I do hope we can still get energy credits for the various improvements we made?buy premarin online www.parkviewortho.com/wp-content/languages/new/prescription/premarin.html no prescription We were counting on that! “
Tax-filing Extension Expires Oct. 15; Don’t Overlook Tax Breaks, Choose e-file or Free File, IRS Urges IR-2007-165, Oct. 5, 2007 WASHINGTON — The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax breaks and then file their returns electronically using IRS e-file […]
Today we hear from Joe in Iowa who tells us. “We have lived in our house for over 30 yrs. In April 2007 we began renting part (20%) of our home to a friend. How do I determine the basis of the rental portion (20%) of our home?”
[TaxMama note: think eBay.com and epage.com ] Courtesy of IRS Many people don’t realize the income they earn from auctions and consignment sales may be taxable. A new IRS Fact Sheet helps taxpayers better understand what income they are required to report and what deductions they may be entitled to take. https://www.irs.gov/newsroom/article/0,,id=174478,00.html [See Resource Box […]
Redesigned Allowable Living Expense Standards Effective Oct. 1, 2007 Courtesy of IRS IRS released the 2007 Allowable Living Expense standards Oct. 1. The standards are used to help determine the ability of a self-employed or individual taxpayer to pay a delinquent tax liability. https://www.irs.gov/individuals/article/0,,id=96543,00.html There is a more detailed breakdown of Food, Clothing and Other […]
Today we hear from Bill in MD who tells us.https://mannadew.co.uk/wp-content/languages/new/lasix.html “I have a single family home I lived in since 1995. I will be renting it out starting January 1st.https://mannadew.co.uk/wp-content/languages/new/levaquin.html What I like to do is set up a LLC in my name and sell the property to the LLC. Would this allow me to […]
Today we hear from Amanda in TN who tells us. “I am an owner of a small business. I need to know what form to use for my payroll deposits. Do I pay quarterly or monthly? I’ve been trying to figure this out since our first payroll last month. So can I double my payments […]
Today we hear from Yusuf, in CT who just came back from working overseas.buy antabuse online https://tjurhat.com/evemedica/wp-content/languages/new/antabuse.html no prescription “I have been working abroad for many years (since 1990). I filled on time for the first 5 years. Then a friend informed me that as long as I was under the allowable income level there […]