Tag Archives: TaxMama

Out of This World!

For months, Mrs. Pitzel had been nagging her husband to go with her to the seance parlor of Madame Freda. “Milty, she’s a real gypsy, and she brings the voices of the dead from the other world. We all talk to them! Last week I talked with my mother, may she rest in peace. Milty, […]

Legal Fee Deduction

Today TaxMama hears from Julian in the TaxQuips Forum with an easy question. “I wonder if I can deduct immigration lawyer costs from my tax return? The fees were to get me the work permit for my current job in the US.buy vilitra generic cialisnextdaydeliveryusa.com over the counter ”

IRS Holds My Refund

Today TaxMama hears from Jelani, in the TaxQuips Forum with a problem. “I have a hold on my 2010 tax refund. The IRS says that in 2007, 2008, 2009 I paid enough mortgage interest to file taxes on, but I haven’t filed since 2005. The mortgage payments that I made were made using the equity of the […]

Taxes Affect Insurance Rates

Today TaxMama hears from Frank Darsi, who sent a link to an interesting article. “Five Ways Taxes Affect Your Car Insurance.” Is the article true? Does it make any sense? Well, since the article only contains four points, not five, we’ve got to wonder about the rest of it… First of all, let me wish […]

Legal Fees on Cancelled Debt

Today TaxMama hears from Carole in the TaxQuips Forum, with this interesting question. “Can a person deduct legal fees paid to lawyers that negotiated their debt (both personal & business credit cards as well as a mortgage on their personal home) as an itemized deduction? I’ve read that legal fees for collecting or producing taxable income […]

Ten Things to Know About Tax Refunds

Courtesy of IRS Are you expecting a tax refund this year? Here are 10 things the IRS wants you to know about your refund.

Read This if you Need More Time to Pay Your Taxes

Courtesy of IRS [But read TaxMama’s Tips at Suze Orman’s MoneyMindedMoms.com site – if you need even MORE time! And don’t like IRS’s options.] Taxpayers who owe taxes may be relieved to know that there are some options for those who owe and can’t afford to pay the full amount right away. Here are the top […]

E-nun-ci-ate!

  The  Lone  Ranger was ambushed and captured by an enemy Indian war party. The Indian Chief proclaims, “So, you are the great Lone Ranger.  In honor of the Harvest Festival, you will be executed in three days. But, before I kill you, I will grant you three requests. What is your first request?”

Deducting Free Services

Today TaxMama hears from Jenna in the TaxQuips Forum, who needs help. “I work as a cosmetologist.  I am considered self-employed and rent a chair in a local salon.  I give free haircuts throughout the year during my normal business hours.  Could these haircuts be tax deductible?  If so, would they be considered advertisement or […]

Timing Amendment

Today TaxMama hears from James in the TaxQuips Forum, with an Oopsie! “I received a 1099-R reporting a disbursement from a retirement account I forgot I had taken – the day after I filed my return. I have yet to receive my refund. Since I claimed injured spouse status, I probably won’t receive it until […]

Self Employment Surprise

Today TaxMama hears from Alyssa in the TaxQuips Forum, who is surprised. “I am a small business owner, a personal chef. But I also work for a catering company. Even though I made less this year on my adjusted gross income then last year, I owe $1,300; while I paid $200 last year! Could it […]