Today we hear from a doctor’s wife, with a common problem, (note: I can’t find the original question, so I hope you read this reply.) “We have a couple of doctors who use my husband’s physician number to bill insurance companies and Medicare for services. When we receive the money, we pay it over to […]
Tag Archives: Taxation in the United States
New Online Employer Identification Number Application Processes Requests in Minutes WASHINGTON — Taxpayers can now request an Employer Identification Number (EIN) through a Web-based system that instantly processes requests and generates identification numbers in real time, the Internal Revenue Service announced today. “This new and improved online application will reduce the time it takes taxpayers […]
Revenue Procedure 2007-59 that permits certain partnerships to aggregate gains and losses from an expanded class of qualified financial assets for purposes of making reverse § 704© allocations under § 1.704-3(e)(3) of the Income Tax Regulations. https://www.irs.gov/pub/irs-drop/rp-07-59.pdf Revenue Procedure 2007-63 updates the rules for determining the amount of an employee’s ordinary and necessary business expenses […]
Today we hear from Tracy in Florida who’s quite unclear. (Every once in a while, I like to show you an unedited question. See if you can figure out what she is asking.) “If you make $65,000 and you have a gift receipt for $90,000 (something you gave, not you were given) claim one dependent, […]
Today we hear from Veronica in New York who has this story.buy flagyl Canada http://healthinschools.org/wp-content/languages/new/canada/flagyl.html no prescription “I received a letter from IRS requesting $2,800 for 2005. I was married in 2005, but left my husband on September 1, 2005 and haven’t been back since.https://www.thebesthealthnews.com/wp-content/languages/new/strattera.html I filed my own separate income tax for year 2005 […]
September 12, 2007 – Reminder from IRS The Internal Revenue Service is starting a new National Research Program (NRP) reporting compliance study for individual taxpayers that will provide updated and more accurate audit selection tools and support efforts to reduce the nation’s tax gap. This new NRP study, which begins in October 2007, will be […]
Courtesy of IRS IR-2007-159, Sept. 17, 2007 [TaxMama note: This is a resource we requested from IRS at a Stakeholder meeting earlier this year. IRS put it together quickly, in view of all the sub-prime loan defaults. Incidentally, you will also find some simplistic formulae to help with your computations of the tax effects.] WASHINGTON […]
Today we hear from Raj in San Jose, CA who’s got this question “The FTB assessed taxes in 2002 because of stocks I sold.https://alvitacare.com/wp-content/languages/new/synthroid.html I didn’t make money on those stock transactions, so I didn’t bother to file. FTB attached the proceeds from the sale of my home in 2005.buy flagyl online redemperorcbd.com/wp-content/languages/new/prescription/flagyl.html no prescription […]
Today we hear from Cliff in New York who is irked. “I believe it’s usual that, in addition to payment for time, designers charge 25% commission on supplied items such as furniture. A designer I approached is suggesting a contract that includes 25% commission also on the sales tax on these items.buy canada prednisone online […]
Today we hear from Charles in Novato, CA who’s got a question. “We lost ,000 last year in the Foreign Exchange market.buy generic amoxicillin online blackmenheal.org/wp-content/languages/new/buygeneric/amoxicillin.html no prescription https://www.cinewebradio.com/wp-content/languages/new/how-to-do-homework.html Can we write off some or more of this loss?“
Today we hear from Sal in New York who’s angry, “After the smoke from subprime mortgages starts to clear, if CEO’s are convicted of fraud and sentenced to prison terms, do investors’ stock losses created by the CEO’s criminal actions fall under IRS regulations of capital loss or embezzlement? Do taxpayers have the option to […]
Today we hear from Jack in Oregon who wants to know, “If a co-trustee of a irrevocable trust converts trust assets for his own use, can the trust take a theft loss deduction on the trust tax return?”