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Double Taxation
Today TaxMama® hears from NutShell in the TaxQuips Forum, with this brilliant observation. (let me summarize) “I just figured out that if I have capital gains income, I am taxed by both the IRS and...
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Just Plane Rental
Today TaxMama® hears from NCTaxLady in the TaxQuips Forum, with an interesting situation. (Let me summarize) “My client bought an airplane in June. He used it 11 times and rented it out 5 times. How do...
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IRAs and Unemployment
Today TaxMama® hears from Stevenson in the TaxQuips Forum, with this question. “If you are unemployed, can the penalty to withdraw money from your IRA be waived when filing taxes? However, the taxes...
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Gift or Income
Today TaxMama® hears from Asdfgh in the TaxQuips Forum, who tells us. “My daughter plays piano for school choir. Doesn’t ask for money. She gets “thank you” from school PTO in form of flower bouquet...
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Why no SS Withholding?
Today TaxMama® hears from Inteph in the TaxQuips Forum, who made a new discovery. “A young lady made about $15,000 in 2012. The employer (a city in California) withheld income tax and Medicare tax...
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Assisted Living
Today TaxMama® hears from Hollie in the TaxQuips Forum, with this concern. “My husband had to go to an assisted living facility (following hospital and skilled nursing stays) and I understand the...
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Carrying a Mortgage
Today TaxMama® hears from a couple of people in the TaxQuips Forum, with this problem this week. They have sold real estate on an installment sale. They have been the mortgage-holder. And after a...
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Tax Day 2014 Tips
Today TaxMama® wants to help you with last minute issues on Tax Day 2014 Dear Family, While most of the population has probably...
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Family Caregiver
Today TaxMama® hears from KP in the TaxQuips Forum, with this question. “My sister-in-law received a 1099-Misc with an amount in box 6 for medical health care payments for providing care for her...
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Reasonable Care and RMD
Today TaxMama® hears from Sonia in the TaxQuips Forum, who has this quickie question. “I contacted the custodian of my IRA AT 3 PM on 12/31 to request a required minimum distribution (RMD). The...
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TaxMama’s TaxQuips Highlights of Trump Tax Plan
Today TaxMama® wants to give you an advance peek on what you can expect from a Donald Trump tax plan, coming to a Congress near you! Dear Friends and Family, Today we face a total paradigm shift in...
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Tax Season PotPourri
Today TaxMama® wants to address several issues that are confusing people this year – or important for you to know. Dear Friends and Family, We are getting a great many questions this year. These are...
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Disasters and Other Pleasant Experiences
Today TaxMama® wants to talk about sudden, unexpected events – and some tips on how to prepare for them. Dear Friends and...
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VCSP – Employer Amnesty for Mis-Classifying Employees
You can no longer get away with treating employees as freelancers. There are too many ways for your employees to turn you in to authorities. Or, to get a tax break and pay only their half of the...
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Proposed Tax Legislation
TaxMama® wants to bring some pending and potential tax legislation to your attention, today. Dear Family, On June 14th, I told you about the Taxpayer First Act that was waiting to be signed by the...
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TaxMama’s TaxQuips We Win and We Lose
Today TaxMama® wants to update you about some IRS announcements that may affect your tax life. Dear Family, The IRS is putting out Tax Tips on a daily basis, as they have for several years now....
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TaxMama’s TaxQuips Giving Tuesday
Today is a special day, especially precious to those facing serious challenges this year – it’s Giving Tuesday. Dear Family, Giving Tuesday is apparently in its ninth year, as a reaction to...
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TaxMama’s® TaxQuips Ready or Not – Time is Up!
Listen to the Podcast: https://taxmama.audioacrobat.com/download/taxmama-Time_is_Up.mp3 Watch the Podcast (on 10/15) It’s TaxQuips time from TaxMama.com. Today TaxMama® wants talk to you about the...
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TaxMama’s® TaxQuips The IRS Goes Online – and IRS E-File is Open Today
Courtesy of VectorStock.com https://taxmama.audioacrobat.com/download/taxmama-IRS_Goes_Online.mp3 It’s TaxQuips time from TaxMama.com® Today TaxMama® wants to address some of your concerns. Dear...
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