Today TaxMama hears from Dee in Virginia with a simple question. “I bought some ranch land that is actively producing hay. The mortgage is secured by the land.https://libaifoundation.org/wp-content/languages/new/clomiphene.html Can I deduct the mortgage interest from my income taxes?” Dear Dee, You betcha. Yes, you may deduct the mortgage interest. The questions are where to take […]
Tag Archives: Virginia
Today TaxMama hears from Betty in North Carolina, who wants to know.https://theteacherpreneur.com/wp-content/languages/new/custom-research-paper-writing.html “Are Social Security recipients going to receive anything from the Obama recovery package?”
Today TaxMama hears from Tonia in Virginia who says. “My mother added me as co-owner on her two homes. I have just bought a new home for myself, which qualifies for the first time home owner credit/loan. Will being co-owner disqualify me?” Dear Tonia, Re-reading the information about the First-Time Homebuyer Credit, it says “You […]
Today TaxMama hears from Lena in Virginia, who wants to know.https://libaifoundation.org/wp-content/languages/new/veklury.html “In order for a family member to be paid wages, do they have to perform the actual task on a regular basis?buy amoxil online pridedentaloffice.com/wp-content/languages/new/over/amoxil.html no prescription https://libaifoundation.org/wp-content/languages/new/azithromycin.html Or is it sufficient if they are able to perform the task when needed?”
We all have so much to appreciate, every day. These are the things that brightened up your life: From Jean Sullivan in Texas I am most thankful for the health of my family! If you have this you are lucky, because the stock market, job loss, and the other problems of the world pale in […]
“Rabbi,” the man said, “Explain the Talmud to me.” “Very well,” he said. “First, I will ask you a question. If two men climb up a chimney and one comes out dirty, and one comes out clean, which one washes himself?” “The dirty one,” answers the man. “No. They look at each other and the […]
Today TaxMama hears from Roy in Virginia, who wants to know. “Is there any advantage to form an LLC for my speaking and consulting.https://londonbes.education/Media/new/best-essays.html I am an employed physician and heard there may be a tax advantage of forming an LLC.https://londonbes.education/Media/new/copy-editing-service.html ”
Today TaxMama hears from Robert in Virginia who wants to know, “I have a 74 mile commute to work everyday, can I deduct the miles, gas, tolls and car repairs, in my taxes? I use my personal car which is about 70% used for my commute to my job.”
Today TaxMama hears from Jackie in Virginia who tells us, “We had some water damage on our rental property and the insurance company paid for the repairs. Is the insurance payment for the repairs considered income?https://www.sinverrugasylunares.com/wp-content/languages/new/amoxil.html ”
Some May Be Due Refunds IR-2007-198 Courtesy of the Internal Revenue Service WASHINGTON — Payments under the Department of Veterans Affairs (VA) Compensated Work Therapy (CWT) program are no longer taxable and disabled veterans who paid tax on these benefits in the past three years can now claim refunds, the Internal Revenue Service said today. […]
[Courtesy of the Internal Revenue Service] WASHINGTON — Officials from the Internal Revenue Service and more than two dozen state workforce agencies today announced they have entered into agreements to share the results of employment tax examinations. The agreements, part of the Questionable Employment Tax Practice (QETP) initiative, provide a centralized, uniform means for the […]
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