TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Latest Episodes

H2A Visa and SS
July 25, 2011

Today TaxMama hears from Duncan who is taking good care of a client. “My client from Mexico lives in the US from April until December every year. He is working here under an H2A agricultural visa. As I understand, since he is here for 9 months, he is a

Read the Contract
July 21, 2011

Today TaxMama hears from someone with an endless set of questions. “It started out as a question about a lease buyout, which turned out not to be about an equipment lease, but a landlord-tenant lease, which turned out to be about a tenant-former tenant

Penalty for Late Filing
July 20, 2011

Today TaxMama hears from Debbie in the TaxQuips Forum with this concern. “I just filed for 2009. I am qualified for refunds from both the fed and the state. Will I be penalized for late filing if I DO NOT owe any taxes?”     Hi Debbie,

Frequent Flyer Miles
July 19, 2011

Today TaxMama hears from Diana in the TaxQuips Forum with a question about a fun topic. “I am hearing some confusing opinions on whether or not I am supposed to claim my awarded airline miles…My husband and I have actually already received some awarde

Loan Modification Tax Effect
July 18, 2011

Today TaxMama hears from Janet in the TaxQuips Forum with a quick question. “We have applied for a loan modification on our home. Will that have any affect when we file taxes next year? I’d ask the loan counselor, but they are impossible to reach.â€

Netting Gambling Losses
July 14, 2011

Today TaxMama hears from Linda in the TaxQuips Forum who wants to know. “How do I prove to the IRS that we can now net gambling losses against gambling winnings, per day, per gambling establishment, instead of deducting these losses on Sch A? Dear

Unreasonable Rent
July 13, 2011

Today TaxMama hears from David in the TaxQuips Forum with this question. “My mother has owned rental property for many years and she has a tenant in one side of a duplex that has been there about fifteen years. My mother has always been reluctant to ra

Did Not File 2006
July 12, 2011

Today TaxMama hears from Wyetta in the TaxQuips Forum with this problem. “I tried to make a payment arrangement with the IRS for 2010 taxes owed. The IRS told me that I have to file for 2006, before they could offer a payment arrangement. Please instruc

Filing in Canada
July 11, 2011

Today TaxMama hears from Todd in the TaxQuips Forum who is unsure. “I have a client who is a U.S. citizen, but has Canadian income. He is a software developer, living in Boulder, Colorado, with Canadian clients. Does he need to file a Canadian return in

Tax Preparer Errors
July 07, 2011

Today TaxMama hears from H A in the TaxQuips Forum who is very nervous. (Let me paraphrase the question.) “Her tax preparer made significant errors in her 2010 tax return. She didn’t get to see it before he efiled it. Now, she wants to know if she’s