Tag Archives: Taxation

Shared House

Today TaxMama hears from Maureen in California who says. “I own a house with my 2 sisters equally since 2002.https://alvitacare.com/wp-content/languages/new/cytotec.html They want to buy my share out because I am getting married. Will this amount be considered taxable since we didn’t sell the house?”

Teen Withholding

Today TaxMama hears from Tia in Michigan who tells us. “I’m 17 years old with a job at Burger King.https://theteacherpreneur.com/wp-content/languages/new/dissertation-writing-help.html How much money is taken out of my check due to taxes?”

Divorce Splits

Today TaxMama hears from Robin in Florida, who is getting divorced.buy uk sildenafil online www.mabvi.org/wp-content/languages/new/uk/sildenafil.html no prescription “I am getting a house settlement as part of my divorce and I am not sure if I need to reinvest into a home? Or will I to have to pay taxes on the amount?https://isihealthone.com/wp-content/languages/new/tadalafil.html ”

2001 Rebate

Today TaxMama hears from Cheryl in Pennsylvania, who wants to know “Is there gonna be another tax rebate check sent out in 2008, for the year 2001?buy symbicort canada http://healthinschools.org/wp-content/languages/new/canada/symbicort.html no prescription Because I did not receive any in 2001. And I worked and filed my income tax return.”

Overview of Pending Tax Legislation

Courtesy of NAEA – www.naea.org Rep. Xavier Becerra (D-CA) last week introduced H.R. 5716, the Taxpayer Bill of Rights Act of 2008, in the House of Representatives. The bill includes NAEA’s key legislative initiative—regulation of paid return preparers. The House Ways and Means Committee last Wednesday approved 23–17 the Taxpayer Assistance and Simplification Act of […]

Penalty For Not Filing

Today TaxMama hears from Jim in Texas with this simple question.buy viagra online https://www.mobleymd.com/wp-content/languages/new/viagra.html no prescription “Is there a penalty for not filing even if you have a refund coming?buy cipro online https://www.mobleymd.com/wp-content/languages/new/cipro.html no prescription ”

Stimulus Rebate and Dependents

Today TaxMama hears from Trudy in New Jersey who wants to know, “In regards to the tax rebate. If you claim your parent as a dependent do you get a credit for them?buy furosemide online https://www.mobleymd.com/wp-content/languages/new/furosemide.html no prescription My husband and I have 3 children and also claim my mother on our taxes as a […]

Secret Gift

Today TaxMama hears from Karen in California who tells us, “I am custodian of an UTMA account for my 4-year-old niece.https://www.epsa-online.org/wp-content/languages/new/aciphex.html I received a 1099 this year listing approximately $500 in capital gains and dividends. I’m not in contact with my niece’s parents, nor are they aware of this gift.buy clomid online cpff.ca/wp-content/languages/new/canadaa/clomid.html no prescription […]

What income is taxable? Nontaxable?

Courtesy of the Internal Revenue Service TT-2008-30 Generally, most income you receive is taxable. But there are some situations when certain types of income are partially taxed or not taxed at all. A comprehensive list is available in IRS Publication 525, Taxable and Nontaxable Income. Some common examples of items that are not included in […]