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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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VCSP – Employer Amnesty for Mis-Classifying Employees
Intro paragraph: Employers – PLEASE PAY ATTENTION NOW! You can no longer get away with treating employees as freelancers. Aside from several recent court decisions, there are too many ways for your...
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