Tag Archives: United States

Are Your Smarter Than a PreSchooler?

Which way is the bus below traveling? To the left or to the right? Can’t make up your mind? Look carefully at the picture again. Still don’t know? Pre-schoolers all over the United States were shown this picture asked the same question. 90% of the pre-schooler’s got it right.https://www.myjewishlistings.com/wp-content/languages/new/dissertations-online.html “The bus is traveling to the […]

Income from Foreign Sources

Courtesy of the Internal Revenue Service TT-2008-37 Many United States citizens and resident aliens receive money from foreign sources. These taxpayers must remember that they must report all such income on their tax return, unless it is exempt under federal law. U.S. citizens and residents are taxed on their worldwide income. This applies whether a […]

Ask Taxmama Issue 446 – Happy Presidents Weekend

Dear Family, Happy Presidents Day Weekend. Monday is the hybrid day that is neither Washington’s Birthday nor Lincoln’s – just a Monday, giving us a long weekend. Federal and State offices and schools will be closed. We will be too (since TaxPapa works for the School District). Traffic on the roads will not be moving […]

Inner Neighborhood Services

I have a friend who is president of his homeowners association in the Dallas, Texas, suburbs. They were having a terrible problem with litter near some of his association’s homes. The reason according to Wallace (my friend) is that six very large, luxurious new houses are being built right next to their community. The trash […]

IRS Names Four New Frivolous Claims to Avoid

Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today issued a notice that lists four additional erroneous legal positions that taxpayers should refrain from using as an excuse to avoid paying their taxes. An individual or group may not avoid paying their fair share of taxes by making “frivolous” legal arguments […]

2008 Excise Taxes on Air Transportation

Courtesy of the Internal Revenue Service WASHINGTON — Today the Internal Revenue Service announced the 2008 inflation adjustments to the excise taxes on air transportation. Excise taxes apply to the domestic segments of taxable air transportation and to the use of international air facilities. The Consolidated Appropriations Act, 2008, signed into law on Dec. 26, […]

Political Science for Dummies

Note: this is humor. Don’t be offended! DEMOCRATIC You have two cows. Your neighbor has none. You feel guilty for being successful. Barbara Streisand sings for you. REPUBLICAN You have two cows. Your neighbor has none. So? SOCIALIST You have two cows. The government takes one and gives it to your neighbor. You form a […]

Truck Taxes

Today TaxMama hears from Dawn in Hawaii who is upset: “I bought a concrete boom pump in 2006 for 5,000 in Canada.https://kidneyurostonecentre.com/wp-content/languages/new/wellbutrin.html I just received a letter from the IRS stating that I owe $35,400 for a Federal excise tax. I have not been told by the seller or anyone else about this. When I […]

Reporting Miscellaneous Income

FS-2007-26, November 2007 – Courtesy of the Internal Revenue Service While most people are aware they must include wages, salaries, interest, dividends, tips and commissions as income on their tax returns, many don’t realize that they must also report most other income, such as: cash earned from side jobs, barter exchanges of goods or services, […]

Australian Tourism Questions

These were posted on an Australian Tourism Website and the answers are the actual responses by the website officials, who obviously have a sense of humor. Q: Does it ever get windy in Australia ? I have never seen it rain on TV, how do the plants grow? ( UK ). A: We import all […]