Today TaxMama hears from Melissa in the Tax Parlor, who tells us , “Hello! I am a real estate agent (independent contractor) and I was just offered a very part time consulting position for a local non-profit neighborhood organization. I will be researching the neighborhood real estate market and reporting back to the non-profit. This […]
Tag Archives: Taxation
Today TaxMama hears from Mark in New Jersey, who’s upset , “I just got a letter saying NJ wants $535.00 in tax on cigarettes that I bought for my wife online in 2003. Is there a time limit on my obligations for these taxes? Am I really liable to have to pay this much money? […]
Today TaxMama hears from Puzzled in San Francisco, CA who wants to know: “My financial advisor told me there is a great deal of uncertainty with regard to egg donor compensation. Many egg donor boards mention that if the compensation if considered “pain and suffering” then it’s not taxable. I would much rather keep the […]
Today TaxMama hears from Lisa, who tells us: “I recently read your article regarding divorce and taxes on MarketWatch.com. You mentioned filing a Form 8888 to have refunds split and directly deposited. My husband has been out of permanent work since June. He has been drawing unemployment and doing odd jobs. My income is approximately […]
Today TaxMama hears from Mary in Ohio, who says, “I am 15 and have been working for the past 3 years. I have my own business (tutoring). What amount do you have to earn in order to pay taxes on it?”
Today TaxMama hears from Sam in MO who wants to know, “I had a bankruptcy in 1997 from a failed business. At that time I owed employee withholding taxes which were listed on my bankruptcy. Knock on wood, I have never heard from the IRS. Were those taxes wiped clean from the bankruptcy? Same situation […]
Today TaxMama hears from Jean in New Jersey, who asks “Does a non-profit organization have to pay into unemployment compensation.”
Today TaxMama hears from Gaetano in Pennsylvania, who asks “If an individual purchases an old home with the intention of fixing it up (significantly or substantially) and then turning it over (selling it), is this treated as a capital gain asset or as ordinary income? The individual is not in the construction business but works […]
Today TaxMama hears from Ross in NJ who wants to know. “My wife is self-employed and I am employed at an office. We were told that I could adjust my W-4 to cover her estimated taxes, thereby eliminating the need to make quarterly payments. Is this correct? If so, how do we do that?”
Today TaxMama hears from Marylu in Texas, who asks a simple question. “How do I get the Percentage of taxes that are withheld from payroll checks?buy lamisil online https://bloonlineandnew.com/lamisil.html no prescription “
Today TaxMama hears from William Perez, our Taxes.About.com https://taxes.about.com/ guide who brings up some interesting points about divorce and tax issues in response to yesterday’s Eva, Great question from a reader. I have a client in a similar situation. They are separated but not yet divorced. The other spouse has filed all returns as MFS. […]
Today TaxMama hears from Megan who is appalled, “I heard that when deducting expenses for a business lunch (say, you and a client went out for lunch to talk shop), you are only allowed to deduct 50% of the price of the meal. That is, only their portion of the bill as a legitimate tax […]